This is a big week for crypto holders, as this Wednesday, July 31, will see another Federal Open Market Committee (FOMC) meeting. During the meeting, members will discuss developments in the local and global financial markets, but also economic and financial forecasts.
No rate hikes in July, followed by potential rate cuts in September
The upcoming FOMC meeting is big news for the crypto world, as the participants are expected to make a decision regarding further rate hikes. However, currently, community members speculate that the likelihood of no new rate hikes in July has reached nearly 96%.
https://x.com/Satoshicrypto0/status/1817942048718176760
More importantly, the speculations also say that things will get even more interesting this September. Current predictions say that there is a 90% probability of rate cuts happening, which is highly bullish news. This might also tie in with the expected start of the next big crypto bull run, which is also expected to start at some point later this year.
The predictions and speculation have caused a strong bullish sentiment among many community members, although this has not yet been reflected in crypto prices. Most of the top 10 largest cryptos by market cap have started seeing slight recovery on a 1h basis, but on a 24h chart, they still trade in the red, with BTC currently down 4%, Solana 5.5%, and Dogecoin 3.5%.
But, this might change in hours to come, so traders should keep a close eye on the crypto sector’s short-term performance.
A new investment opportunity emerges
Meanwhile, opportunity seekers should consider investing in high-potential cryptos that are currently still in presale. Being in the ICO stage, they are still immune to market volatility, and their prices remain fixed, apart from scheduled increases as presales go through different stages.
JOIN THE PEPU PRESALE AND BUY AT LOW PRICE
One potential token to buy now is Pepe Unchained (PEPU) — a meme coin that stands out by being the first Pepe-based token to have its own blockchain. The project’s team developed a Layer-2 chain on top of Ethereum’s network, which will grant the project the same security benefits as ERC-20 tokens have, while its L2 chain will allow it to be much faster, more scalable, and it will reduce transaction fees.
These benefits are what allowed PEPU to become “unchained,” especially compared to the original Pepe, which is still held back by Etheruem’s limitations. It is also what attracted investors to its ICO, which raised over $6.38 million in the few weeks the presale has been running.
BUY PEPU BEFORE ITS PRICE BLOWS UP
Right now, the PEPU price sits at $0.0087693 per token, and you can buy it with ETH, BNB, USDT, and credit/debit cards. The presale will likely launch just in time to benefit from the upcoming crypto bull run, and it has massive potential to skyrocket post-launch due to its own strengths, so buying Pepe Unchained now certainly seems like a move worth considering.
