• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Dogecoin Rises 11% After Fed Chair's Statements

user avatar

by Giorgi Kostiuk

4 hours ago


Dogecoin has experienced significant growth following recent statements from the Federal Reserve Chair. Market conditions are poised for further changes.

Crypto Market Reacts to Fed Changes

The cryptocurrency market, including Dogecoin, increased following the remarks by Fed Chair Jerome Powell at the Jackson Hole symposium. He indicated that the 'shifting balance of risks may warrant an adjustment of policy stance.' This sparked increased interest among investors.

Current Dogecoin Performance

In the last 24 hours, Dogecoin surged from $0.208 to $0.242, marking a 11.17% increase and a 3% rise over the week. Trading volume for Dogecoin spiked 165%, reaching $5.42 billion.

Forecasts and Next Steps

Analysts are predicting a potential explosive move for Dogecoin in the coming days. Different experts indicate the potential for a 40% price increase. If Dogecoin can maintain levels above $0.218, it might lead to price movements towards $0.26 and $0.29.

The cryptocurrency market continues to navigate uncertainty, but recent developments indicate that assets like Dogecoin may show significant price changes driven by economic conditions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Thailand: South Korean Arrested for Laundering $50 Million in Cryptocurrency and Gold

chest

Thai police detained a South Korean citizen for involvement in cryptocurrency laundering schemes, converting $47 million USDT into gold.

user avatarGiorgi Kostiuk

Ethereum Shows Significant Growth: Potential of $5,500

chest

Ethereum (ETH) has surged over 15% in just a few days, raising expectations for a new all-time high.

user avatarGiorgi Kostiuk

ENA Market: How Increasing Use of USDe Affects Token Price

chest

ENA token from Ethena sees price increase due to growing interest in synthetic stablecoin USDe, leading to market growth.

user avatarGiorgi Kostiuk

Crypto Market Analysis: Layer 2 and Memecoins at the Forefront

chest

A review of current trends in the cryptocurrency market, highlighting interest in Layer 2 solutions and memecoins like Layer Brett.

user avatarGiorgi Kostiuk

Dogecoin Could Reach $1 Thanks to New ETF Hopes

chest

Dogecoin gains renewed momentum from ETF optimism, while Remittix presents compelling investment opportunities.

user avatarGiorgi Kostiuk

ETHZilla Announces Stock Sale to Strengthen Ethereum Reserves

chest

ETHZilla plans to issue up to $10 billion in stock via Clear Street, focusing on Ethereum accumulation.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.