Key Insights:

• Dogecoin and other meme coins have surged amid market optimism surrounding the likelihood of reduced U.S. tariffs and plans for multiple rate cuts by the Federal Reserve in 2025.
• Due to their speculative nature, memecoins tend to respond strongly to overall market trends, offering traders unique opportunities for high-risk investments.
• While there are concerns about a potential bubble, Artificial Intelligence (AI) tokens have remained stable; notable projects like NEAR protocol and Story’s IP token are performing well.

Market Performance:

Dogecoin (DOGE) increased by 7% following an overall market rally driven by reports suggesting upcoming U.S. tariffs on imports may be less aggressive than initially thought.

Reports indicate that President Donald Trump’s proposed “reciprocal tariffs” set for April 2 could be more narrowly focused than previously announced, with some countries being exempted and existing measures possibly not compounding.

This news initially unsettled markets but has since led to a rise in sentiment, thus boosting memecoins like Dogecoin and a few others including pepecoin (PEPE), mog (MOG), and floki (FLOKI), which all saw over a 5% increase in the past 24 hours.

The meme coin sector as a whole has seen an average gain of 5.6%, while Bitcoin recorded a 3% increase.

AI Token Stability:

In a different market segment, AI-focused tokens are observed to remain steady. Alibaba’s Joe Tsai reflected concerns over a potential bubble in AI investments. Tsai remarked, “I start to see the beginning of some kind of bubble… There are a number of people coming up, funds coming out, to raise billions or millions of capital.”

However, recent data shows NEAR protocol classifying as the largest AI token by market cap is performing well, while Story’s IP token is also on an upward trend due to securing various entertainment intellectual properties for its blockchain.

For CoinGecko data on recent trends and performances, be sure to check the updates.