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Why Dogecoin Is Skyrocketing This Week

TheMotleyFool

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Dogecoin (CRYPTO: DOGE) has seen an explosive rally amid bullish momentum for the crypto market this week. Its token price was up 17.6% over the past seven days of trading. Meanwhile, Bitcoin and Ethereum were up 9.1% and 17.1%, respectively. (CRYPTO: ETH)(CRYPTO: BTC)

Investors have piled into cryptocurrencies over the past week in response to indications that macroeconomic and political conditions could be aligning to power a sustained bull run. Despite the recent rally, Dogecoin's token price is still down roughly 37% year to date.

Image source: Getty Images.

Source Fool.com

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