• Dogecoin surged 7% as traders reacted to potential shifts in U.S. trade policies and the Federal Reserve’s monetary stance.
• Dogecoin’s latest rally, fueled by macroeconomic optimism and ecosystem developments, has renewed speculation about its path to $1.

The cryptocurrency market has witnessed a fresh wave of optimism, with Dogecoin (DOGE) surging 7% in the past 24 hours. This price jump comes as traders react to potential shifts in U.S. trade policies and the Federal Reserve’s monetary stance, fueling speculation on whether DOGE could finally reach the coveted $1 mark.

Memecoins Lead the Charge

While major cryptocurrencies like Bitcoin and Ethereum posted modest gains, memecoins stole the spotlight. DOGE, PEPE, and FLOKI outperformed leading assets such as Bitcoin (BTC), Solana (SOL), and XRP. PEPE recorded a 3% gain, while Bitcoin climbed to $87,000, marking a 7% increase in the past week. Ethereum surged nearly 10%, reaching $2,058.

Trade Policies and Federal Reserve Moves Fuel Market Optimism

Investor sentiment improved following reports that former President Donald Trump’s proposed “reciprocal tariffs,” set for implementation on April 2, may be less severe than initially expected. Additionally, discussions about a potential Trump Media collaboration with Crypto.com for ETFs have stirred excitement in the market.

At the same time, the Federal Reserve reaffirmed its plan for two rate cuts in 2025 despite raising inflation forecasts. These factors have strengthened confidence in risk assets, leading to a bullish response in speculative crypto sectors, with memecoins benefiting the most.

Dogecoin Ecosystem Growth and Impact

Beyond macroeconomic drivers, Dogecoin’s rally has also been fueled by developments within its ecosystem. The House of Doge recently entered a five-year agreement with the Dogecoin Foundation to promote DOGE as a decentralized payment option for daily transactions. As part of this initiative, the organization established “The Official Dogecoin Reserve,” purchasing 10 million DOGE to reinforce the token’s credibility.

Will DOGE Hit $1?

Despite its recent rally, Dogecoin remains far from its previous peak of nearly $0.50 and has lost over 60% of its value since then. However, with improving sentiment in risk assets and growing institutional interest, the memecoin sector could continue attracting speculative investments.

While the road to $1 is still uncertain, DOGE’s latest surge and market optimism suggest that its long-term potential remains intact. Investors will be closely watching macroeconomic shifts and ecosystem developments to gauge whether Dogecoin’s momentum can push it toward this milestone.