Connect with us

Altcoin

Meme Coins to 10X as Waller Hints at Another Fed Rate Cut

Published

on


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.

BTC Bull Token presale

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.

Meme index presaleOne 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.

CZ's Broccoli dog post

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.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Altcoin

Ripple and BlackRock Working Together for Filing? $3 XRP Price Soon?

Published

on


As the SEC vs Ripple lawsuit is coming to an end with the blockchain firm paying a $50 million penalty, developments on an XRP ETF are gathering pace once again. In his latest Bloomberg interview, CEO Brad Gralinghouse said that it’s important to have this exchange-traded fund, while just falling short of accepting that they are working with the world’s largest asset manager, BlackRock. XRP price movement has been relatively mute to this development, while industry players expect a $3 breakout soon.

Are Ripple and BlackRock Exploring Potential XRP ETF?

In his recent Bloomberg interview, Ripple CEO Brad Garlinghouse was asked whether they are collaborating with BlackRock to launch an XRP ETF in the US. Although Garlinghouse didn’t explicitly accept such a collaboration, he sparked speculation by stating, “We think it makes sense for the XRP community overall”.

The prospect of a BlackRock filing for an XRP ETF in 2025 has captured the attention of the crypto community. Many believe that once the regulatory wall over Ripple is removed, asset managers will rush in the second-half of the year to bring a Ripple ETF to the market. Furthermore, Ripple CEO Garlinghouse is also confident that XRP would make it to the US Digital Asset stockpile.

Adding to the discussion, Crypto.com CEO Kris Marszalek highlighted the transformative potential of XRP ETFs. He predicts that the development could attract $8 billion in inflows following the approval.

Ripple Drops Cross-Appeal Against US SEC

The long-running Ripple vs SEC lawsuit has finally come to an end as the blockchain startup has decided to no longer pursue the cross-appeal against the securities regulator. The resolution involves a $75 million refund to Ripple, following the SEC’s decision to drop its appeal and Ripple abandoning its cross-appeal.

This settlement concludes a case that initially resulted in a $125 million penalty against Ripple. With the refund, the company’s net payment to the SEC amounts to $50 million. Under the Trump administration, the SEC has softened its stance, while putting a greater focus on establishing clear crypto regulations.

XRP Price Surge to $3 Soon?

Amid the current development and hopes for XRP ETF, the XRP price has given a muted response as it continues to face strong rejection at $2.50 levels. Despite this, market analysts have made bold predictions, expecting the XRP price rally to continue at $15 and beyond.

Sharing the XRPUSDT chart, popular crypto trader Seyma stated that she’s more bullish on the Ripple cryptocurrency in comparison to other altcoins. “My weekly target is $3-$3.24 i never give investment or trading advice just noted to myself,” she wrote.

Source: Seyma

✓ Share:

Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

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.





Source link

Continue Reading

Altcoin

Dogecoin Price Set To Rally 10X Amid This Bullish Pattern

Published

on


Dogecoin price is attracting renewed attention from technical analysts, with several chart formations pointing to a meme coin rally. According to multiple analysts, DOGE price is displaying a combination of technical indicators and structures that suggest the potential for a 10X rally. These include a breakout from a triangle pattern, a developing “cup and handle” formation, and historical pattern similarities to the 2017 bull market.

Dogecoin Price Prediction: Chart Patterns Point to 10X Meme Coin Rally

In a recent post on X, analyst Trader Tardigrade shared a chart showing the MACD indicator breaking out from a triangle formation. This setup has historically been linked with strong upward momentum in Dogecoin price. The MACD breakout is accompanied by a rounded bottom pattern, often seen as a preparatory phase before bullish moves.

Notably, during previous instances in September and March, similar MACD triangle breakouts occurred. In both cases, the breakout led to a rapid acceleration in Dogecoin price. These historical movements suggest that the current meme coin rally may lead to a new all-time high.

 

DOGE priceDOGE price
Source: X

The MACD lines have crossed again in recent sessions, with the indicator moving above the triangle’s downtrend line. Analysts are observing similar conditions that were present during previous rallies. The upward curl in the price structure reinforces the breakout narrative.

Meanwhile, following the recent move by House of Doge, market analysts are forecasting a 16% rise in Dogecoin price as bullish momentum builds.

Cup and Handle Pattern Suggests Upside Toward $2.00

Additionally, according to Crypto Elites, DOGE price is forming a cup and handle pattern, a technical formation often associated with bullish continuation. The rounded bottom of the cup has already developed, and the handle phase is underway. This formation typically leads to a breakout once the price surpasses the neckline resistance.

The key resistance level is positioned near $0.185. A confirmed break above this threshold could open the door to a sharp upward movement. Based on this chart pattern, the projected target is in the $1.85 to $2.00 range. The projection is calculated using the depth of the cup formation.

DOGE priceDOGE price
Source: X

However, the analyst noted that the current retracement to the handle’s lower range may act as a support zone. This area has historically been where momentum builds ahead of breakouts. 

Historical Behavior Resembling 2017 Cycle

Concurrently, analyst KrissPax has identified similarities between the current Dogecoin price movement and the 2017 bull run. KrissPax posted a chart on X that compares both periods, showing the current phase aligning closely with the structure before DOGE price previous surge. According to the chart, the current meme coin cycle could extend beyond the previous all-time high.

KrissPax projected that the top meme coin could rise to $4 if the second major breakout occurs, similar to the 2017 pattern. While this is a longer-term scenario, it is based on recurring patterns observed in past market cycles. 

A recent CoinGape report supports the bullish outlook on DOGE price, noting that a breakout above the $0.18 resistance could ignite a meme coin rally toward the $20 mark.

✓ Share:

Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

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.





Source link

Continue Reading

Altcoin

Ethereum Price Eyes Breakout as Analyst Predicts Next Leg Up Above $2100

Published

on


Ethereum price is attracting renewed market attention as analysts present technical scenarios pointing toward a potential move above the $2100 mark. Recent analyses from experts suggest that Ethereum price behavior is showing both bullish short-term structure and macro-level cyclical patterns, which could support an upward continuation if key levels hold.

Ethereum Price Could Surge Past $2100 on Liquidity Grab

Analyst Crypto Patel shared insight on the X platform, identifying a bullish price setup on the ETH/USDT chart. According to Patel, the top altcoin has shown a strong displacement move to the upside, which has led to a shift in market structure. This move followed a reaction from a previously identified bullish Point of Interest (POI).

Ethereum price is reacting positively from a key mitigation block near $2064.60, indicating strong institutional demand. The mitigation block represents a zone where the top altcoin price retraced after a breakout, often used by institutional traders to mitigate prior orders before continuing the trend. This setup places the entry for a long position within the upper mitigation zone, aligning with smart money principles.

ETH priceETH price
Source: X

The price target of $2128.12 aligns with a swing high liquidity zone, suggesting a likely smart money-driven move upward. These zones often hold clustered stop-loss orders and pending buy positions. A move into this area could allow investors to capture liquidity before a reversal. Patel sets a stop-loss at $2027.20, just below the mitigation block, providing a defined risk level if the altcoin price structure fails.

Current ETH Cycle Compared to 2018–2020 Pattern

Another analyst, TimeFreedomROB, posted a chart on X comparing Ethereum price weekly structure to its 2018–2020 cycle. The analysis shows ETH breaking below an ascending triangle, mirroring its past breakdown below a descending triangle before its major 2020 recovery. In that prior cycle, ETH price formed a macro bottom and rallied from under $100 to nearly $4800.

According to the chart, Ethereum price is currently trading near $2060. It recently broke below the $2300 psychological level and tested the lower diagonal trendline around $1800. This area corresponds with horizontal demand levels from previous years. The chart implies this could represent a final shakeout phase before a strong upward move, similar to historical cycles.

Ethereum PriceEthereum Price
Source: X

The support zone between $1800 and $2000 has acted as a long-term base in earlier market periods. A reclaim of the $2200–$2400 range is important for Ethereum price to confirm a shift back into bullish momentum on the weekly timeframe.

Altcoin Price Prediction

Additionally, the macro view provided by TimeFreedomROB outlines possible reversal targets if the price continues to follow historical patterns. In 2020, ETH saw a 40x increase following structure reclaim. While current conditions differ, the projected path includes potential resistance levels at $3600, $4870, and an extended range of $6000–$7500.

Supporting the bullish projections, analyst MAXPAIN noted that ETH price could retrace to the $1,900 zone before a potential rally to $3,000. His analysis, based on the TPO chart, identifies the $1,874–$1,924 range as a key support and accumulation area.

The top altcoin is currently trading at $2,064.98, showing an 8.10% gain over the past 7 days. Its market cap stands at $249.12 billion, with a 24-hour trading volume of $11.71 billion.

✓ Share:

Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

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.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io