Markets Crave A 50 Basis Point Cut: Top Meme Coins Now
Analysts and macro experts have been wailing that the FED is behind the curve and should have cut rates in July. Even Democratic senators weighed in, writing a letter asking for a 75 basis point cut. A classic example of maneuvering from Elizabeth Warrenproposing something she knows will not happen to win short-term favor with the electorate. It does highlight the facts. Markets crave a 50 basis point cut.
Traders worldwide are watching the decision of this weeks FOMC. The entire world waits to see what course Powell will choose. But 25 basis points or 50 basis points is essentially noise. The crucial takeaway is that the global liquidity regime is changing, and markets are about to enjoy easy money again. Risk assets are hot to trot, and here are the top meme coins now before easy money and mania enthrall markets again.
First rate cut since the pandemic cutting cycle
September 18th will be the day that traders know Powells final decision. Most traders want a thick and fast succession of rate cuts, hoping to buoy markets. However, macro experts warned that the FED only starts a cutting cycle with a 50 basis point cut in the middle of an economic crisis and there is no economic crisis today.
Traders are missing the forest for the trees. Whether it is a 25 or 50 basis point cut, the real takeaway is that the period of restrictive monetary conditions is ending. Risk assets love low rates and cheap liquidity. And the FED has charted this course. Now is the perfect time to get out on the risk curve, and meme coins should enjoy parabolic runs over the next twelve months.
Bitcoin Dogs: Best meme coin for BTC bulls
Bitcoin Dogs is the top meme coin now for BTC bulls. It was the first ICO ever launched on the Bitcoin network and enjoys a soft-peg to the king of crypto. A rising BTC price is rocket fuel for the native 0DOG token, and Bitcoin Dogs enjoys the additional benefit of a speculative funnel. With the BTC ecosystem sparsely populated, the projects that do exist on the chain become magnets for liquidity.
This meme coin leapfrogged all its competition with impressive listings on major centralized exchanges such as Gate.io and MEXC and still has plenty in the pipeline. 0DOG holders have two short-term catalysts, as well as the larger macro trend of easing economic conditions that have always encouraged speculation. The Bitcoin Dogs NFT Ordinals project will launch this quarter, closely followed by a play-to-earn Telegram game. Beta testers have reported that the game is unlike anything they have ever played and expect it to be hot on the heels of Hamster Kombat in user count.
Dogwifhat: leading meme coin for Solana bulls
Dogwifhat is the leading meme coin for Solana bulls, and similarly to 0DOG, it trades and functions as a leveraged play on the networks core asset. If SOL does a 3X, WIF will likely do a 10X.
On-chain data shows that liquidity is migrating towards the network leaders, and both WIF and Bitcoin Dogs have been huge beneficiaries. Whales are swapping out of more minor coins and rotating aggressively into those already out in front, signaling they expect far higher prices.
Why 0DOG could outperform WIF
The Solana meme coin craze has already happened. However, the true speculative bubble has yet to grip the Bitcoin network. Getting in early is how holders make the big bucks, and when considering the top meme coins now, traders need to think about liquidity flows.
Bitcoin is cryptos most capitalized network. The BTC price skyrockets when economic conditions loosenand Bitcoin Dogs is the leading meme coin on the network. Trade setups are rarely as simple as this, and as the era of cheap liquidity starts, traders should make the most of it.
Visit the official Bitcoin Dogs website to learn more.
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Text source: ZyCrypto
