With a market capitalization of more than $ 1 billion, Elon Musk's favorite cryptocurrency has surged more than 50% in a few hours. At the time of writing this article you are touching the penny on the dollar with your fingers.

In previous bull markets, Dogecoin has seen dynamics similar to this. If a few weeks ago we could see how a meme launched by Elon Musk increased the value of Dogecin, this time, the CEO of TEsla has had nothing to do with the matter.

The cryptocurrency has surprised investors, everyone really. Some are confident that it is time to hit highs and others predict poor forecasts.

In general terms, this rise can mark the beginning of the Alt Season, a time when other cryptocurrencies take the same inertia and experience substantial increases that invite the opening of purchase orders.