This content is sponsored by FXGuys.
US financial analysts are confidently predicting interest rate cuts at the upcoming Federal Open Market Committee meeting. Regardless of whether these predictions are accurate, Cryptocurrency analysts see this move as bullish momentum for the market and have identified three cryptocurrencies that could benefit from the expected cuts: FXGuys ($FXG), Sui (SUI), and Solana (SOL).
What impact will the Fed’s decision have on each of them? Stay tuned to find out.
Analysts predict the impact of the Federal Reserve
The latest economic data show that annual inflation is close to the Federal Reserve’s 2% target, while job creation has been weaker than expected. This has led many leading analysts to predict at least two more interest rate cuts before the end of 2024.
This year’s cuts are expected to range from 50 to 75 basis points, which would put the rate at around 4.5%. Such a move could stimulate markets and send a clear signal to investors, encouraging them to consider more volatile assets such as cryptocurrencies.
FXGuys Aims for an Impressive Rise on Federal Reserve Decision
FXGuys is a traders’ paradise, a unique ecosystem that puts the development and well-being of traders first. This decentralized trading platform allows users to trade FX, cryptocurrencies, commodities and indices, while also providing them with cutting-edge analytical tools.
The most promising traders on the platform can receive up to $500,000 in trading capital thanks to the Prop trading initiative. To get a funded account, traders must pass a challenge phase with no time limit. The funding limit for new traders is $200,000, with simple rules for scaling up.
FXGuys has a Trade2Earn program, which rewards all traders, whether profitable or not, with $FXG tokens. These tokens can be redeemed for trading profits.
Profitable traders receive 80% of their profits, while FXGuys retains 20%. However, as the trader grows his account and generates greater profits, he gets a higher percentage of his profits, recognizing his success and improvement in skills.
FXGuys is currently in its private round, and you can purchase $FXG for $0.015. The token is expected to increase by 100% at the start of the public presale and up to 500% at the end of it.
With the expected decision of the Federal Reserve, $FXG could quickly surpass 1000% of its current price.
SUI is expected to reach $4.90 in 2024
SUI has positioned itself as one of the best-performing cryptocurrencies in September 2024, recording a 37% increase since the start of the month.
Analysts attribute this meteoric rise to the improvement in crypto market conditions. Moreover, network statistics reflect a growing interest in the protocol. One such example is that Sui has received 48.85%, or $227.3 million, of the $340 million in assets that Ethereum investors have transferred to EVM-compatible chains.
With interest rate cuts from the Federal Reserve likely to offer investors more freedom with their funds, analysts project SUI could reach $4.90 by the end of 2024.
SOL could reach $348.58 in light of rate cuts
SOL is trying to recover after underperforming in August due to general market conditions. Since the beginning of September, the token has gained 5%.
Analysts note that the expected rate cuts could lead to further growth in the SOL price as investors return to more volatile assets.
Similarly, with more capital available to invest in volatile assets, many memecoins in Solana’s incubator, Pump.fun, could attract more investments. This would increase trading volume on Solana, favoring an increase in the token price.
Analysts estimate that these factors combined could lead SOL to reach $348.58 by the end of 2024.
Buy $FXG to benefit the most from the next surge
As the Federal Reserve’s decision gradually begins to affect the markets, $FXG is positioned as the best choice for any astute investor. This is due to the opportunity to acquire the token at an attractive price of $0.015 during the private round.
Initially, investors could make a 100% profit when the token hits $0.03 at the start of the public pre-sale. However, there is a chance of seeing gains of over 1,000% after its launch, as the crypto market reacts to interest rate cuts.
In addition to potential earnings, owning $FXG offers additional benefits such as access to funded accounts, trading discounts, governance rights, and revenue sharing. You can also stake your $FXG and earn an impressive 234% APY.
These potential additional gains and profits explain analysts’ optimism regarding $FXG.
For more information about FXGuys Pre-Sale, you can visit:
Disclaimer: This content is brought to us by FXGuys, who are solely responsible for the information provided here. Cryptocurrency investments involve risk, especially those in the pre-sale phase.
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.