Dogecoin’s Wild Ride: Is It Time to Join the Meme Coin Madness? 🚀

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What to know:

  • Dogecoin and its quirky friends are bouncing back like a rubber ball, thanks to whispers of softer U.S. tariffs and the Federal Reserve’s plans for a couple of rate cuts in 2025. Who knew economics could be this exciting? 🎉
  • Memecoins are like that friend who always shows up to the party—highly speculative and ready to react to any market trend, giving retail traders a chance to gamble on the next big thing. 🎲
  • Despite the bubble talk (cue dramatic music), AI tokens are holding steady, with NEAR protocol and Story’s IP token strutting their stuff in the market. 💁‍♀️

So, Dogecoin (DOGE) has jumped a whopping 7% as the big players staged a relief rally on Tuesday, all thanks to the chatter about U.S. tariffs being less scary than a horror movie. Who knew tariffs could be so… tame? 😅

Reports suggest that President Trump’s “reciprocal tariffs” set for April 2 might be more like a gentle nudge rather than a full-on shove, with some countries getting a free pass. Lucky them! 🎈

Remember February? When tariffs sent markets into a tailspin, causing Bitcoin (BTC) to plummet 17.6%? Talk about a dramatic plot twist! 📉

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Last week, the Federal Reserve decided to raise inflation forecasts and lower growth projections—because why not add a little spice to the economic stew? They called the tariff-driven inflation “temporary,” while still planning two rate cuts in 2025. Sounds like a rollercoaster ride! 🎢

With the prospect of milder tariffs, market optimism is soaring, and memecoins are leading the charge. DOGE, pepecoin (PEPE), mog (MOG), and floki (FLOKI) are all up more than 5% in the last 24 hours. The meme sector is thriving, up 5.6% on average, according to CoinGecko data. Meme magic is real, folks! ✨

In comparison, Bitcoin, Solana’s SOL, and XRP are only up about 3%, while the broad-based CoinDesk 20 (CD20) index is up 2.7%. Memecoins are clearly the life of the party! 🎊

These memecoins tend to jump around like they’re on a sugar high when ether (ETH) or Bitcoin rise, thanks to their speculative nature. Retail traders see this as a sign of bullish sentiment—chasing those high-risk, high-reward opportunities like a kid chasing an ice cream truck! 🍦

AI Tokens Remain Stable Despite ‘Bubble’ Talk

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Meanwhile, in the land of Artificial Intelligence (AI), things are looking stable. Alibaba’s Joe Tsai has raised eyebrows by suggesting a bubble might be forming. The AI category is up 4.5% in the last 24 hours, according to CoinGecko data. Bubble or not, it’s still a party! 🎈

“I start to see the beginning of some kind of bubble,” Tsai said at an HSBC conference in Hong Kong. “I get worried when people are building data centers on spec.” Sounds like someone’s been watching too many sci-fi movies! 🤖

Investment in AI seems to be happening ahead of demand, according to Tsai. NEAR protocol, the largest AI token by market cap, is flat today but up 14% in the last week. It’s like the tortoise in a race—slow and steady wins the game! 🐢

Story’s IP token is also doing well, up 8% today, as it continues to secure Hollywood and K-pop star intellectual property. Talk about a star-studded lineup! 🌟 Story is pitching its project as a lifeline for rights holders in the AI revolution, making it easier to license their content for AI training. Smart move! 💡

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2025-03-25 09:48