Another 50% daily gain for Dogecoin confirms 'alt season' as Bitcoin slumps

Cointelegraph

Published May 05, 2021 04:00AM ET

Updated May 05, 2021 06:00AM ET

The cryptocurrency market awoke to the sight of Dogecoin (DOGE) price surging to as high as $0.69 in the past two days, leading many to wonder if the recent performance of the world's most popular meme token is now the leading indicator for the arrival of alt season.

Long-time crypto fans mark the fourth of May as a special day for the Bitcoin community as a whole for being the birthday of one of the earliest known supporters of the Bitcoin network Hal Finney, who would have celebrated turning 65.

BTC/USDT 4-hour chart. Source: TradingView

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