Price: $0.19370 -0.1961%
Market Cap: 28.42B 1.1317%
Volume (24h): 4.8B 0.2%
Dominance: 1.1317%
Price: $0.19370 -0.1961%
Market Cap: 28.42B 1.1317%
Volume (24h): 4.8B 0.2%
Dominance: 1.1317% 1.1317%
  • Price: $0.19370 -0.1961%
  • Market Cap: 28.42B 1.1317%
  • Volume (24h): 4.8B 0.2%
  • Dominance: 1.1317% 1.1317%
  • Price: $0.19370 -0.1961%
Home > Information news > Pepe, New Meme Coin Popcat Explode - Best Cryptos to Buy After FOMC?

Pepe, New Meme Coin Popcat Explode - Best Cryptos to Buy After FOMC?

Release: 2024/09/20 06:01 Reading: 886

Original author:Crypto Daily™

Original source:https://cryptodaily.co.uk/2024/09/pepe-new-meme-coin-popcat-explode-best-cryptos-to-buy-after-fomc

Pepe, New Meme Coin Popcat Explode - Best Cryptos to Buy After FOMC?

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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