Pepe, New Meme Coin Popcat Explode - Best Cryptos to Buy After FOMC?
Release: 2024/09/20 01:39 Reading: 786
The Federal Reserve's Interest Rate Cut: A Catalyst for the Meme Coin Surge
The US Federal Reserve's aggressive 50 basis point interest rate cut during Wednesday's FOMC meeting may have sparked a resurgence in the popularity of meme coins.
Large-Cap Meme Coin Rally
Following Fed Chair Jerome Powell's dovish speech, prominent meme coins have experienced a significant surge.
- Solana meme coin Popcat has spiked by 35% in the past 24 hours.
- The Dogwifhat token has soared by over 15%.
- Ethereum meme coin Pepe has also jumped by double-digits, with projections of an all-time high in October.
High Demand for New Meme Coins
Emerging low-cap meme coins are also attracting attention. Experts have identified Pepe Unchained and Memebet Token as promising investment opportunities post-FOMC.
The Fed's Impact on Meme Coins
Macro analysts believe the US economy is entering a period of economic growth. The Fed's quantitative easing measures are anticipated to lead to increased market liquidity and a potential 50 basis point cut in 2024.
This presents a bullish scenario for meme coins, contributing to their recent surge.
Popcat: A Top Performer
Popcat, the Solana meme coin, has emerged as the top gainer in the sector, rallying by over 35% since the FOMC. Its market capitalization now exceeds $900 million. Projections of a $10 billion market cap in the coming months make it a compelling investment opportunity.
Optimism for Pepe
Experts remain bullish on Pepe due to its strong correlation with Ethereum. While ETH has underperformed against Bitcoin, analysts anticipate a potential reversal, creating an environment for Pepe to reach new highs. Pepe currently trades at $0.000008, with a market cap of over $3.3 billion.
New Binance Listings
Investors are also monitoring recently listed meme coins on Binance, such as First Neiro On Ethereum, DOGS, and Baby Doge Coin.
Experts' Picks: Pepe Unchained and Memebet
Savvy investors have been acquiring Pepe Unchained (PEPU), a low-cap gem with a $13.5 million presale funding. Its unique features include a planned Layer-2 chain on Ethereum, offering reduced trading costs and fast transactions.
Memebet Token (MEMEBET) has also garnered interest as the native token of Memebet Casino, a gambling platform that incorporates popular meme coins. Its affiliation with the Argentina National Football Team has added to its buzz.
Disclaimer: This article is sponsored and should not be considered as legal, tax, investment, or financial advice.
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