What's Going On With Dogecoin?
Portfolio Pulse from Henry Khederian
Dogecoin (CRYPTO: DOGE) has seen a 4.5% increase to $0.0958 amid a broader market upswing following the Federal Reserve's decision to maintain interest rates, with expectations of rate cuts in 2024-2026. Cryptocurrencies like Dogecoin may benefit as investors seek them as a hedge against economic uncertainty and inflation.
December 13, 2023 | 9:41 pm
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Dogecoin's price has increased by 4.5%, potentially influenced by the Federal Reserve's decision to keep rates steady and the anticipation of future rate cuts.
Dogecoin's price increase is likely due to the broader market's positive response to the Fed's interest rate decision. As cryptocurrencies are often considered alternative investments, the expectation of rate cuts and economic uncertainty could drive more investors towards Dogecoin, potentially sustaining or increasing its price in the short term.
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