Meme Coins Surge: Dogecoin and Shiba Inu Gain 10% After Trump's Tariff Pause

The cryptocurrency market experienced a significant surge on April 10, 2025, as meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) saw their prices rise by 10%. This surge came on the heels of President Trump's announcement to pause higher tariffs for most countries, excluding China, for a period of 90 days. The move, which was aimed at reducing market volatility and uncertainty, had a ripple effect across various financial markets, including cryptocurrencies.

The pause in tariffs led to a surge in stock prices, with major indices like the S&P 500, Nasdaq, and Dow Jones Industrial Average experiencing significant gains. This positive sentiment in the broader financial markets likely spilled over into the cryptocurrency market, contributing to the price surge of meme coins. The reduced volatility in the stock market translated to reduced volatility in the cryptocurrency market, making it an attractive option for investors seeking higher-risk assets.

Dogecoin, which was created in 2013 as a fun alternative to traditional cryptocurrencies, has a strong community and a growing ecosystem. The coin's price movements are often influenced by market sentiment, trading volume, and external factors such as celebrity endorsements. For instance, in January 2021, renewed interest spurred by celebrity supporters like Elon Musk sent Doge's price surging past its previous all-time high, peaking at $0.74. This historical data shows that Dogecoin's price movements are often influenced by market sentiment, trading volume, and external factors.

Similarly, Shiba Inu, another popular meme coin, has also experienced significant price surges driven by similar factors. Shiba Inu's price movements are often influenced by market sentiment, trading volume, and community support. For example, in October 2021, Shiba Inu's price surged by over 2,000% within a month, driven by increased market interest and speculation. This surge was similar to Dogecoin's price movements, where market sentiment and trading volume played a crucial role in driving the price up.

The recent surge in Dogecoin and Shiba Inu prices can be attributed to several key factors, including market sentiment, trading volume, and broader cryptocurrency trends. As of March 20, 2025, Dogecoin's price was at $0.178, up from $0.1683 the previous day, marking a 5.78% increase. This surge is part of a broader trend where Dogecoin has shown significant price volatility, with historical data indicating that the coin has experienced both rapid price increases and declines.

One of the key factors driving the recent surge is the overall market sentiment towards cryptocurrencies. The broader cryptocurrency market has been experiencing a bullish trend, with major coins like Bitcoin reaching new highs. For instance, on March 14, 2025, Bitcoin topped the $84,000 level, which likely influenced investor confidence in other cryptocurrencies, including Dogecoin. This positive market sentiment can lead to increased buying pressure, driving up the price of Dogecoin.

Another factor is the trading volume of Dogecoin. The trading volume of Dogecoin (DOGE) was $1,235,176,180.51 in the last 24 hours, representing a slight decrease from the previous day. However, high trading volumes generally indicate increased market activity and liquidity, which can contribute to price surges. The high trading volume on popular exchanges like Binance, where the DOGE/FDUSD trading pair has a significant volume, suggests that there is substantial interest and activity in the Dogecoin market.

In conclusion, the recent pause in tariffs by President Trump has had a positive impact on the overall cryptocurrency market, including meme coins like Dogecoin and Shiba Inu. The pause in tariffs has led to a reduction in market volatility, reduced uncertainty in the global economy, and increased investor confidence, all of which can positively impact the price of cryptocurrencies. As the cryptocurrency market continues to evolve, it will be interesting to see how these factors continue to influence the price movements of meme coins like Dogecoin and Shiba Inu.