Dogecoin saw the beginning of a rally on April 11th, 2021 from the price of $0.0741 to a still-standing all-time-high of $0.6359 on May 8th. Compared to this all-time-high, DOGE is currently [commodity-day-change-wording currency="USD" symbol="DOGE" up-wording="up by $PERCENTAGE%" down-wording="down by $PERCENTAGE%" same-wording="where it was" day="2021-05-08"]. The sudden and unexpected price hike of the meme-coin was mostly attributed to Elon Musk’s endorsements, and Reddit ‘hype’.