According to the latest economic forecasts, it is highly likely that we will witness at least one rate cut this year, while up to four rate cuts are expected next year. Although the specific economic situation next year still remains uncertain, the potential risk of raising interest rates has been significantly reduced.
For the Bitcoin market, the expectation of a rate cut is undoubtedly a positive signal. I personally speculate that the first rate cut is very likely to occur in September or November, and September seems more likely. As the expectation of a rate cut increases, we expect the price of Bitcoin to break through the previous high by the end of August and approach the level of 90,000.
Although there may be some minor pullbacks later, please keep your faith. We expect Bitcoin to officially enter its prosperous bull market phase starting from mid-to-late September. Looking ahead, we expect the altcoin market to follow suit and enter the bull market around November next year, while the price of Bitcoin is expected to hit a new high of 150,000 in May next year, and by July, its price is expected to soar to an astonishing level of 180,000 to 190,000.
The interest rate cut is encouraging news for the Bitcoin market, and the bull market prospects of Bitcoin are full of expectations and anticipation.
1.PEOPLE
Recently, although the PEOPLE coin market has experienced a certain degree of decline, judging from the overall market trend and inventory situation, the decline is still within a controllable range, showing the relative stability of the market. However, the current market atmosphere is slightly negative, and investors are more cautious.
It is worth noting that the liquidation of PEOPLE coins is nearing completion, which is expected to bring a small rebound to the market. Compared with other MEME coins, PEOPLE coins do not have a fixed floor price, but are closely related to ETH, which makes it relatively easy to increase its market value despite its small market value. Recently, PEOPLE coins have fluctuated widely, sometimes up to 10 points.
PEOPLE coin belongs to the US election sector, so its price changes are closely related to the US election. Given that the US election will last until November, the hype of PEOPLE coin is expected to continue until the end of the election. At present, the market value of PEOPLE coin is about 400 million, and its cost-effectiveness is relatively high, which is attractive to investors.
In summary, although the PEOPLE coin market has fallen recently, it remains stable overall and is expected to rebound slightly in the future. Investors can pay attention to its correlation with the US election and the market reaction in order to make more informed investment decisions.
2.BONK
At present, it seems that the callback of the meme coin has been fully launched. The daily line in the past week has firmly tested the bottom support of 0.024, showing strong resistance to decline. The current price is at the low of the daily line in the past week, which provides investors with a favorable buying point.
Considering its category as a meme coin, the pepe coin in the same field has recently set new highs and continuously refreshed its historical highest price, which has brought positive market expectations for the coin. The historical highest price of another coin, bonk, is 0.48. On the 28th of last month, it once approached this high point, reaching 0.44, which shows the strong market demand and potential for this type of meme coin.
While the current price volatility may make some investors hesitate, I think this is more of a strategic market adjustment than a true downtrend. In my opinion, there is a high probability that the currency's all-time high will be broken in the near future, and this breakthrough is likely to happen within a month. The current price of 0.0000258 provides a relatively low entry point, which is an opportunity worth considering for investors seeking long-term gains.
3.DOG
After a long period of preparation, the Runes protocol is finally expected to show its due market value. We just need to be patient and wait for the right upward trend to drive its value. As the current market value leader of the Runes protocol, DOG is only in its infancy, but its prospects are already quite bright, and it obviously has the potential to enter larger exchanges. Once this goal is achieved, it does not seem difficult to grow from the current 300 million market value to 3 billion.
However, despite the huge potential of DOG, it still seems to be a huge challenge to surpass the market value of DOGE. However, among the many Runes Protocol projects, DOG's open card expectations are undoubtedly unique. It has a strong Leo team behind it to carry out marketing and empowerment, which is unmatched by other projects. Of course, this does not mean that other projects have no chance, but they just need faster reaction speed and more accurate market insight, otherwise they will easily be eliminated by the market.
As the entire track continues to heat up, Runes Protocol, as a new baton, is leading the entire industry forward. We only need to follow this new baton and grasp the pulse of the market to reap rich rewards in the future market.
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