Dogecoin (DOGE), the leading memecoin by market capitalization, is trading higher by 2.12% Wednesday, currently priced at roughly $0.1719.
The positive price action follows broader optimism within the crypto market sparked by the U.S. Securities and Exchange Commission (SEC) dropping its long-standing lawsuit against Ripple Labs. The resolution of the XRP case has generated renewed bullish sentiment across cryptocurrencies, notably among memecoins like Dogecoin.
Wednesday’s price predictions from analysts reflect a cautiously optimistic outlook for DOGE:
| Prediction Level | Price (USD) |
| Lowest | $0.146 |
| Median | $0.167 |
| Highest | $0.181 |
Investor optimism surrounding Dogecoin has also been boosted by recent institutional developments.
Earlier this year, Grayscale Investments, the world’s largest digital asset manager, …
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