Dogecoin and Shiba Inu Prices Soar: What’s the Secret Sauce? 🐶💰

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In the dusty corners of the digital marketplace, where the air is thick with the scent of speculation, Dogecoin and Shiba Inu have found themselves basking in the warm glow of green today. Yes, dear reader, the meme coins are riding high, buoyed by whispers from the Federal Reserve that they might just loosen the purse strings a tad. Who knew monetary policy could be so thrilling? 🎉

Why Dogecoin And Shiba Inu Prices Are In The Green Today

According to the wise sages at CoinMarketCap, Dogecoin and Shiba Inu have leaped over 3% and 2% respectively in the last 24 hours. This surge, my friends, came hot on the heels of the FOMC meeting on March 19, where the Fed hinted at easing monetary policies. It’s like a breath of fresh air in a stuffy room! 🌬️

Now, the balance sheet runoff is a fancy term for the Fed’s way of tightening the financial noose. But hold your horses! Slowing this runoff could lead to a delightful dance of quantitative easing. And what does that mean for our beloved meme coins? More confidence from investors, of course! It’s like giving a thirsty man a glass of water in the desert. 💧

In a twist of fate, Ripple’s CEO, Brad Garlinghouse, announced that the SEC has decided to drop the Ripple lawsuit. This news sent ripples (pun intended) through the crypto world, lifting Dogecoin and Shiba Inu along with XRP. It’s a party, and everyone’s invited! 🎊

But wait, there’s more! Bitnomial has stepped into the ring, launching the first-ever CFTC-regulated XRP Futures in the US. This could open the floodgates for regulated Futures products for our meme coins, attracting institutional funds like moths to a flame. 🔥

And let’s not forget Bitcoin, which has soared to a staggering $87,000 following the Fed’s announcement. With such a strong positive correlation, it was only a matter of time before Dogecoin and Shiba Inu followed suit. Bitcoin is back in the bullish saddle, and investors are eager to throw their capital at these meme coins. Giddy up! 🐴

What Next For The Meme Coins

Crypto analyst Trader Tardigrade has peered into his crystal ball and revealed that Dogecoin’s 4-hour chart shows a breakout from a symmetrical triangle. This could mean a bullish reversal is on the horizon. His chart suggests DOGE might just gallop to $0.19 in the short term, paving the way for further rallies. Hold onto your hats! 🎩

In another post, our analyst friend noted that Dogecoin’s Stochastic Relative Strength Index (RSI) hints that DOGE could halt its downtrend and aim for the elusive $1 mark. Dream big, right? 💭

Meanwhile, Shiba Inu is not to be outdone. SHIB burns have skyrocketed over 800% in the last week, with a staggering 551 million tokens turned to ashes. Analyst Javon Marks believes SHIB could be on the brink of reaching its all-time high (ATH) and perhaps even surpassing it. Talk about a comeback! 🔥

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2025-03-21 01:43