Expectations
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#Expectations of the price of a digital currency after it rose by 1,000% within 30 days.
_#Bonk-BONK has emerged as a new competitor in the meme coin sector, as its price registered an amazing 1,000% increase in just 30 days, indicating the possibility of radical changes in the meme coin hierarchy. Punk has attracted great attention due to its modest current price of $0.000013 with a large daily trading volume of $2 billion; It currently ranks 76th on the list of the best digital currencies on the #CoinMarkrtCap website, with a large market value of approximately $762 million, and its circulating supply has exceeded 60 trillion coins.
As it approaches its maximum supply of 100 trillion BONK coins, everyone is wondering whether this meme coin, which takes dogs as its visual identity, will be able to surpass Dogecoin-DOGE and #Shiba.Inu-SHIB in the intense struggle between meme currencies. Inspired by dogs
$DOGE $SHIB
#FollowUsNow To see more breaking news 🚀✅
_#Bonk-BONK has emerged as a new competitor in the meme coin sector, as its price registered an amazing 1,000% increase in just 30 days, indicating the possibility of radical changes in the meme coin hierarchy. Punk has attracted great attention due to its modest current price of $0.000013 with a large daily trading volume of $2 billion; It currently ranks 76th on the list of the best digital currencies on the #CoinMarkrtCap website, with a large market value of approximately $762 million, and its circulating supply has exceeded 60 trillion coins.
As it approaches its maximum supply of 100 trillion BONK coins, everyone is wondering whether this meme coin, which takes dogs as its visual identity, will be able to surpass Dogecoin-DOGE and #Shiba.Inu-SHIB in the intense struggle between meme currencies. Inspired by dogs
$DOGE $SHIB
#FollowUsNow To see more breaking news 🚀✅
#Expectations that daily transactions for this digital #currency will explode to this unprecedented number.
_At the recent #Singapore FinTech Festival, Omar Farooq, global head of financial institution payments at JP Morgan, provided insight into the future of JPM Coin, the bank's blockchain-based payment system. In his statements, Farouk expected a significant increase in the daily transaction volume of GBM Coin, expecting it to rise from its current value of $1 billion to $10 billion within one to two years. JPM Coin is a prominent direct #blockchain application among leading banks and is designed to help wholesale clients conduct transactions in dollars and euros through a private blockchain network. While blockchain technology is celebrated for enabling instant and cost-effective payments, its current use within JPMorgan represents only a small portion of the bank's total daily US dollar transactions, which amount to US$10 trillion.
#Follow_Me To see more news and details about digital currencies 💵🚀⬇️💯
_At the recent #Singapore FinTech Festival, Omar Farooq, global head of financial institution payments at JP Morgan, provided insight into the future of JPM Coin, the bank's blockchain-based payment system. In his statements, Farouk expected a significant increase in the daily transaction volume of GBM Coin, expecting it to rise from its current value of $1 billion to $10 billion within one to two years. JPM Coin is a prominent direct #blockchain application among leading banks and is designed to help wholesale clients conduct transactions in dollars and euros through a private blockchain network. While blockchain technology is celebrated for enabling instant and cost-effective payments, its current use within JPMorgan represents only a small portion of the bank's total daily US dollar transactions, which amount to US$10 trillion.
#Follow_Me To see more news and details about digital currencies 💵🚀⬇️💯
Eyes on the FED Decision: Here Are the Possible Scenarios!
In Wednesday's FED meeting, a decision will be made regarding the policy interest rate. Almost all expectations suggest that there will be no change in the interest rate. Below, you can see the CME Group expectation survey and the results in the following graph.
The table below shows the expected interest rates for each meeting in 2024. As you can see in the table, there is no expectation of any interest rate cuts in May, June, and July. The first possible interest rate cut is expected to occur in September. Apart from the interest rate cut expected in September, no other interest rate cuts are anticipated in 2024.
Interest Rate Decision: How Will It Affect the Cryptocurrency Market?
Historically, interest rate decisions have influenced Bitcoin and altcoin prices. A decision to maintain or lower interest rates can lead to increased inflation concerns, prompting investors to seek alternative stores of value like Bitcoin. Conversely, a decision to raise rates may temporarily dampen enthusiasm for risk assets, including cryptocurrencies.
In 2023, significant declines in interest rates were anticipated for 2024. However, in the United States, economic data falling short of expectations delayed interest rate cuts. As a result of this delay, the anticipated upward movement in altcoins did not materialize.
A Worst-Case Scenario for Cryptocurrencies: Interest Rate Cuts Expected to Remain Delayed
If Federal Reserve Chairman Powell suggests that interest rates will remain at current levels for longer than anticipated and that interest rate cuts will be even further delayed, a deeper downturn in the cryptocurrency market is highly likely.
Good Scenario: We May Be Ready for Interest Rate Cuts
If Powell suggests that there's no need to delay interest rate cuts much longer and states, "We may plan to cut interest rates more aggressively later this year," it would be quite positive for the cryptocurrency market.
$BTC $ETH
#FED
#FedDecision
#Expectations
The table below shows the expected interest rates for each meeting in 2024. As you can see in the table, there is no expectation of any interest rate cuts in May, June, and July. The first possible interest rate cut is expected to occur in September. Apart from the interest rate cut expected in September, no other interest rate cuts are anticipated in 2024.
Interest Rate Decision: How Will It Affect the Cryptocurrency Market?
Historically, interest rate decisions have influenced Bitcoin and altcoin prices. A decision to maintain or lower interest rates can lead to increased inflation concerns, prompting investors to seek alternative stores of value like Bitcoin. Conversely, a decision to raise rates may temporarily dampen enthusiasm for risk assets, including cryptocurrencies.
In 2023, significant declines in interest rates were anticipated for 2024. However, in the United States, economic data falling short of expectations delayed interest rate cuts. As a result of this delay, the anticipated upward movement in altcoins did not materialize.
A Worst-Case Scenario for Cryptocurrencies: Interest Rate Cuts Expected to Remain Delayed
If Federal Reserve Chairman Powell suggests that interest rates will remain at current levels for longer than anticipated and that interest rate cuts will be even further delayed, a deeper downturn in the cryptocurrency market is highly likely.
Good Scenario: We May Be Ready for Interest Rate Cuts
If Powell suggests that there's no need to delay interest rate cuts much longer and states, "We may plan to cut interest rates more aggressively later this year," it would be quite positive for the cryptocurrency market.
$BTC $ETH
#FED
#FedDecision
#Expectations