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Why Is Dog...
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Bitcoinist

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Why Is Dogecoin And Shiba Inu Surging Today?

  • Dogecoin and Shiba Inu are surging today, with a price increase of over 4% in the last 24 hours, following the US Federal Reserve's decision to keep rates unchanged.
  • The surge in Dogecoin and Shiba Inu prices is attributed to market clarity provided by Jerome Powell's speech after the FOMC meeting, stating the US economy is in a good place and inflation is decreasing.
  • The ongoing US-China trade war talks, set to begin on May 10, are also contributing to the optimism in the crypto market, with potential trade agreements easing the negative impacts of tariffs on meme coins.
  • Crypto analysts predict a bullish outlook for Dogecoin, with suggestions that it could reach as high as $0.30 on a potential breakout, with a possibility of hitting $1 if Bitcoin maintains its bullish momentum.

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