Preparing for the FED to possibly cut rates on Wednesday. What cryptos are we buying ?
So I'm about 99% sure the Fed will lower interest rates by 50 basis points. If this happens Bitcoin, Ethereum, =, etc will all go through the roof shortly after.
I'm talking 5%+ probably within 24 hours and then upwards from there potentially for months in a row. People seem to underestimate how much of an impact a Fed decision could have. And sure, it's somewhat already priced in, but not totally. Nothing is going to make markets like crypto skyrocket like an official wink and nod from Powell saying the time has come to lower rates.
My main question I wanted to ask while on here is this: What cryptos, if any, historically go up quicker than BTC when BTC does good?
I recall seeing a few posts on other places in the internet that showed there are some cryptos that not only mimic BTC price but also always outperform when BTC has good times.
Then there are cryptos I am curious of if BTC drops that go up? Never came across any of those but would be curious if there are any?
In the < 1% chance the Fed lowers rates by only 25 basis points or does not lower at all we will probably see markets like crypto not do well and go down for the coming weeks.
Name me any crypto that when times are tough can be counted on? I recall Cardano once being the only crypto in the green (2021 I believe) when we had a red day for crypto. Why could that have been?
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