Why Did the Dogecoin Price Rise Today? Here’s Why!

Bittime - Dogecoin (DOGE), one of the meme coins with the largest market capitalization, experienced a significant increase today. 

This increase shows positive sentiment in the crypto market. So, what caused the Dogecoin price to rise today? Read this article to find out more! 

Dogecoin Price Rises Today

Source: Bittime.com

Based on the Bittime market, Dogecoin price rose as much as 4.49% and was trading at level 0.17525 when this article was written.

This fairly high rise shows broader optimism in the crypto market, especially after the US SEC officially withdrew its lawsuit against Ripple. 

This decision provides a positive boost to other digital assets, including meme coins such as Dogecoin, which are increasingly attracting investor attention.

Read Also: DOGE Price Prediction 2025: Potential Dogecoin Pump!  

Dogecoin Price Rises, Impact of SEC vs Ripple Case  

The legal case between SEC vs Ripple has become one of the biggest battles in the crypto industry in recent years. 

With the end of the lawsuit, bullish sentiment began to emerge in the market, which pushed the Dogecoin price rises, as well as various other digital assets.

Investors are now more confident in crypto regulations, increasing demand for digital assets that were previously affected by legal uncertainty.

Dogecoin Price Rises, Institutional Interest Is Increasing

Apart from improving regulatory sentiment, institutional interest in this meme coin is also a factor driving Dogecoin price rises. 

Earlier this year, Grayscale Investments launched the Grayscale Dogecoin Trust to allow accredited investors to gain exposure to Dogecoin more easily.

Not only that, Bitwise Asset Management also submitted an application to the SEC to launch a Dogecoin ETF. If approved, this ETF will make things even easier for institutional investors and open up opportunities for wider adoption. 

Based on data from Polymarket, the probability of Dogecoin ETF approval in 2025 reaches 70%, further strengthening DOGE's long-term prospects.

With this growth potential, Dogecoin remains an interesting crypto asset to monitor in the long term.

Read Also: Bitwise Officially Proposes Dogecoin ETF, From Joke to Serious Asset!  

Dogecoin FAQs

What is Dogecoin?

Dogecoin is a meme coin created in 2013 by Billy Markus and Jackson Palmer. Originally created as a joke, Dogecoin has now become one of the most popular crypto assets with a large and active community.

What is the Difference Between Dogecoin and Bitcoin?

Dogecoin has an unlimited supply, while Bitcoin has a maximum supply of 21 million coins. In addition, Dogecoin transactions are faster and have lower fees than Bitcoin, making them more suitable for everyday payments.

What is the use of Dogecoin?

Dogecoin is often used for online tipping, charitable donations, and micropayments. Apart from that, the community is also active in supporting social projects.

How to Buy Crypto with Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.

Reference

MSN, Why Is Dogecoin Going Up?, accessed March 20, 2025.

Author: IPR