Dogecoin and Shiba Inu prices have surged in the last 24 hours, following the US Federal Reserve hinting at easing monetary policies.
The US Federal Reserve's announcement of slowing the balance sheet runoff could pave the way for quantitative easing, boosting investors' confidence in meme coins.
Ripple's announcement of the SEC dropping the lawsuit is also contributing to the price surge, with Dogecoin and Shiba Inu rallying alongside XRP.
The launch of CFTC-regulated XRP Futures by Bitnomial could attract institutional funds, leading to a positive outlook for Dogecoin and Shiba Inu prices.