Altcoin
Meme Coins to 10X as Waller Hints at Another Fed Rate Cut
We may see another interest rate cut this year, says Fed Governor Christopher Waller.
The Fed made three rate cuts in 2024, the first being an aggressive 50 bp (basis point) cut in September, a 25 bp cut in November, and another 25 bp cut in December.
However, Waller admits these cuts didn’t have the desired effect. Inflation remains high, but Waller expects it to normalize slowly but steadily if the Fed follows the current monetary policy.
FedWatch shows just a 2.5% probability of a 25 bp rate cut at the March FOMC (Federal Open Market Committee) meeting but a 45% likelihood for July.
For crypto, the potential rate cut is a bullish scenario because it may fuel investor risk appetite. Returns on ‘safe’ investments like bonds and savings accounts decrease, which encourages investors to buy high-risk, high-return assets like altcoins and meme coins.
Waller also gave little weight to the effect of Trump’s tariff war on inflation. He hopes tariffs would increase prices only modestly and temporarily.
The rate cut probability suggests we have a few months to stack up on promising meme coins that could offer greater returns than save-haven crypto like Bitcoin.
These three meme coins are some of the best new altcoins to buy now.
1. BTC Bull Token ($BTCBULL) Aidrops Free $BTC to Holder Wallets
Now that 20 US states have proposed their Bitcoin reserve bills, analysts predict $BTC to surge to a new level. Fed Chair Jerome Powell also called $BTC ‘digital gold’ – an improvement from his previous stance.
BTC Bull Token ($BTCBULL) celebrates $BTC’s new all-time highs (ATHs) with free $BTC airdrops. You can earn $BTC simply by holding $BTCBULL in the Best Wallet app.
The project plans two $BTC airdrops for when $BTC hits $140K and 200K and one massive $BTCBULL airdrop for when $BTC hits $250K.
Additionally, BTC Bull Token employs a token burn mechanism to increase $BTCBULL’s value through scarcity.
The presale kicked off a week ago and has already generated $2.1M in funding. One $BTCBULL now costs $0.00237, but the price is increasing fast as more investors join the project.
First adopters can maximize potential returns with a 195% APY. The rate is dynamic and will decrease over time, so now is the best time to secure your share and buy $BTCBULL.
2. Meme Index ($MEMEX) Simplifies Meme Coin Investments
Meme coins are the most volatile sector in the entire crypto market. New coins launch every day, with some failing immediately and others rising to the top seemingly without any reason.
Even if you’re an experienced trader, predicting which meme coins will bring you the biggest gains isn’t easy.
Meme Index ($MEMEX) streamlines meme coin investing with four baskets catered to different risk appetites:
- Titan: Established tokens like $DOGE, $SHIB, and $PEPE
- Moonshot: Projects that may challenge the titans, like $POPCAT and $PNUT
- MidCap: Meme coins with a $50M–$250M valuation that are extremely volatile
- Frenzy: The newest meme coins with the highest risk-reward ratio
Essentially, you invest in eight tokens instead of one to spread risk and potentially secure greater profits.
The possibility to invest in meme coins in a safer way helped $MEMEX raise over $3.7M on presale.
One token now costs $0.0162933, but the price will increase when the project reaches the $4.1M milestone. Analysts predict $MEMEX to reach $0.074 when it launches on exchanges.
3. FirstBroccoli ($BROCCOLI) Could Be the Next $DOGE
No, degen investors didn’t go vegan all at once. The reason FirstBroccoli ($BROCCOLI) became this week’s top gainer with a 407% price increase is its connection to Binance’s founder Changpeng Zhao.
Last week, Zhao shared on X that his dog’s name is Broccoli. The Belgian Malinois canine is a gift from Zhao’s friend who owns a zoo in Dubai and got its name because it starts with ‘B’ and has a ‘blocky sound.’
Like his owner, Broccoli is ‘not properly specialized’ and ‘is scared of everything,’ so the two bonded quickly. Zhao also bought a $200 bike from Amazon to jog with the dog as he (Broccoli, not Zhao) has lots of energy.
Zhao didn’t launch the meme coin himself – the community did. However, CZ said the BNB Foundation would support top Broccoli meme coins with extra liquidity or community rewards.
The first $BROCCOLI token reached a $19M market cap and $10M 24-hour trading volume in five days. And, given CZ’s influence on the crypto sector, it may see more upside in the coming months.
Final Remarks
The high possibility of Fed rate cuts in summer could spark a new crypto rally, so now is the best time to build your portfolio and wait for the pump to kick in.
While traditional safe-haven investments may offer lower returns, meme coins like $BTCBULL, $MEMEX, and $BROCCOLI could flourish.
However, remember that timing is key. Even in favorable market conditions, meme coins remain volatile, so DYOR and diversify your portfolio.
The Sui token is currently making significant rebound, outperforming top cryptocurrencies including Bitcoin, Ethereum, and XRP. While these assets are exhibiting modest gains in line with the broader market trend, the Sui price is making impressive strides, surging over 7% in a single day. This significant uptick has sparked optimism, with market analysts and experts remaining bullish on the altcoin’s potential to reach new all-time highs.
Sui Price Breaks Past Crucial Resistance, Eyes $8
Notably, Sui’s current bullish trend significantly influences traders and analysts. While traders demonstrate this optimistic view via increasing market activity, analysts express their positive predictions. For instance, market expert CryptoBullet forecasted the Sui price’s surge to a new all time-high of $8.9 in an X post.
In a one-day chart, CryptoBullet highlighted SUI’s prevailing consolidation below 0.618 Fibonacci level. Significantly, SUI has touched twice the same price level within months. Driven by past trends, CryptoBullet remains confident that the Sui price could hit new ATH breaking past this consolidation.
Increasing Daily Active Addresses: How It Impacts Token Price?
According to investor Momin, SUI looks primed for higher highs triggered by increasing daily active addresses. Reportedly, the daily active wallets hit a record high of 1.2 million, paving the way for a massive breakout in the Sui price. Acknowledging the platform’s growth, the trader wrote, “Sui Network is undeniably one of the fastest-growing chains fundamentally!”
Another trader Giannis Andreou underscored the substantial surge in Sui’s daily active wallets. Currently marked at 1,253,935, the daily active addresses increased by a staggering 135.89% over the last seven days.
Meanwhile, Quinten Francois, a prominent crypto voice on X, wrote, “SUI active addresses are exploding.” The substantial surge in Sui’s price, coupled with a growing user base, has garnered significant attention, especially considering the token’s recent 36% downturn.
Sui Price Regains Positive Momentum: Will It Sustain?
At press time, Sui is trading at $3.55, marking a significant increase of 7.9% over the last seven days. However, over the last week and month, the token has seen massive declines of 4.3% and 24.3%, respectively.
Celebrating SUI’s current positive track, traders are actively engaging in market activity. The token’s 24-hour trading has seen a notable uptick of 15.44%, reaching $1.03 billion. Furthermore, SUI has achieved a milestone of over 8.5 billion total transactions, marking a notable 10.37% increase over the past 30 days. With a market cap of $10.67 billion, Sui has secured 12th spot on CoinMarketCap.
Although analysts see a massive surge ahead, it needs to be seen if SUI will sustain the current momentum and gain new highs.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The latest Dogecoin whale data rattled the crypto market on Friday, flagging massive accumulations amid the meme coin’s recent price dip. Renowned market analyst Ali Martinez revealed that whales bought a whopping 110 million DOGE tokens in the last 48 hours. As a response, market participants eagerly await a bullish price breakout ahead, with top analysts further projecting optimism over future price movements due to strong market technicals.
Dogecoin Whales Scoop Up Heavily Near $0.25 Price Level
In an X post shared by analyst Ali Martinez on February 21, it can be seen that Dogecoin whales bought 110 million tokens in the past two days. These accumulations occurred as the meme coin hovered around the $0.25 price level.
In turn, this mark remains extensively gauged by market participants as it could carve out a vital support level ahead. Another report by CoinGape previously revealed that DOGE whales did not sell massive amounts when the coin moved around $0.25. The upshot remains that investors eye considerable gains for the dog-themed meme coin ahead as whale data reflects strong market support.
Why Are Whales Accumulating?
Meanwhile, the current hot buzz for the dog-themed meme coin remains rising odds of an ETF approval. CoinGape reported last week that the U.S. SEC acknowledged Grayscale’s 19-b filing for Dogecoin ETF. This news appears to have substantially uplifted whale sentiment for the asset, given that an approval ahead could provide significant money influx to the token and fuel a price upswing.
However, Dogecoin price tanked nearly 6% over the week, which appears to have ushered in a ‘buy-the-dip’ sentiment among whales amid the ETF advancements.
Is DOGE Price Breakout On The Horizon? Top Analysts Bullish
DOGE price has mainly shown signs of consolidation in recent days, trading up nearly 1% intraday to $0.2564. The meme coin hit a bottom and peak of $0.2505 and $0.2576 in the past 24 hours. Notably, it’s worth mentioning that the coin’s broader time frame volatility is primarily attributable to the crypto market’s turbulent trend.
However, market analysts have projected a bullish outlook ahead, sparking market optimism in tandem with rising Dogecoin whale buying. Analyst ‘Trader Tardigrade’ recently took to X, revealing that the coin’s price chart shows a ‘symmetrical triangle’ pattern. This metric indicates that the token is consolidating whilst a breakout awaits.
Given the massive whale buying, the chances of the analyst’s projection getting true gained substantial weight. Also, another renowned trader, ‘Altcoin Scholar,’ revealed on X that the $0.22 price level remains a strong support zone for the meme coin. A sustained break above this level solidifies the chances of further gains.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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