The Dogecoin DOGE/USD rally has gained momentum, with the dog-themed crypto soaring on Saturday morning.
What Happened: Doge began to turn the corner along with the equity markets at the start of this week. After convincingly breaking above the $0.060 level on Oct. 25, there has been no turning back for the crypto. Since Oct. 24, it has soared over 90%.
At last check, Doge was trading 36.23% higher at $0.113791, according to Benzinga Pro data.
Nevertheless, the crypto is still way off its all-time high of $0.737567 reached on May 8, 2021, when it was being highlighted by Tesla, Inc. TSLA CEO Elon Musk talking about the coin.
Incidentally, Doge peaked before the rest of its peers, including BitcoinBTC/USD, which hit historic highs in early November. Doge ended 2021 at $0.171313 as risk aversion took hold of the market amid worries about the economy and supply chain disruptions that worsened as an offshoot of the COVID-19 pandemic.
The new year did not bring any respite for financial assets, as the Russia-Ukraine war aggravated risk aversion. Doge bottomed at $0.050267 on June 14 and…
