The next crypto bull run is right around the corner, following the Federal Reserve’s start of quantitative easing in Wednesday’s FOMC.
As of press time, the Fed’s policy decision isn’t out yet. However, experts believe that the size of the rate cut would hardly make a difference in the long term. While the market is pricing in a 50 bps cut, a 25 bps cut is also bullish for risk assets like cryptocurrencies.
Unsurprisingly, the BTC price is up by nearly 7% over the past week and the Bitcoin price predictions from experts remain extremely bullish.
Meme coins are also gearing up for a bull run, with all eyes on low-cap and mid-cap gems like First Neiro On Ethereum, Baby Doge Coin and Memebet Token.
Bitcoin Price Prediction - Short-Term and Long-Term Price Targets
Opinions remain heavily divided going into today’s FOMC. Barclays becomes the latest financial institution to project a 25 bps rate cut while JPMorgan expects a more aggressive 50 bps rate cut.
Surprisingly, market bets on the 30-Day Fed Funds futures price are indicating the larger cut as the more likely scenario, data from CME FedWatch reveals.
The market pricing in a 50 basis point easing makes today’s FOMC a risk-on event, considering a 25 bps cut could be seen as bearish in the short term. Indeed, the Bitcoin price has corrected over 3% leading up to the meeting.
However, smart money investors will treat any dip as a potential buying opportunity.
After all, irrespective of the size of the central bank’s cut today, the CME FedWatch is signalling a 100 to 150 bps decrease in interest rates.
Simply put, the Fed is set to make it substantially cheaper for institutions to borrow money for the first time in 4 years, a decidedly bullish scenario for cryptocurrencies. There is a reason why the spot BTC ETFs recorded a $250 million inflow yesterday on Tuesday, the highest figure in over a month.
The latest Bitcoin price prediction from MN Trading’s Michael van de Poppe expects a strong rally which could see BTC trading between $65k and $68k.
#Bitcoin looks like it wants to break out upwards.All eyes are on the FED today, which will likely do a rate cut of 25-50bps to start with.If that happens, I see an upward continuation of #Bitcoin towards $65-68K. pic.twitter.com/5WjvNk3G05
— Michaël van de Poppe (@CryptoMichNL) September 18, 2024
However, the true impact of the Fed’s rate cuts will observed in the long term. For instance, the Head Macro Economist at Swissblock Henrik Zeberg expects the Bitcoin price to peak between $115k and $123k in this cycle.
115-123k 😉😘And that will be it! https://t.co/ccNNngcb33
— Henrik Zeberg (@HenrikZeberg) September 18, 2024
Meme Coins Set For Bull Rally, Experts Bullish On NEIRO, BabyDoge and MEMEBET
Meme coins have shown a strong correlation with Bitcoin and there is no reason why the trend will change.
Experts are particularly bullish on meme projects recently listed on Binance.
For instance, First Neiro On Ethereum has already recorded a 25x growth since its Binance spot listing. Analysts believe that it will reach a valuation of over $1 billion in the coming months.
$NEIRO is backed by Binance & price action has been great so far. I can see it at 1B MC and beyond easily https://t.co/DPmgZblm3v pic.twitter.com/eBT12a1582
— $SHIB KNIGHT (@army_shiba) September 18, 2024
Meanwhile, Baby Doge Coin (BabyDoge) has also more than doubled in valuation, rallying by 33% today on Wednesday. In fact, BabyDoge is the top trending cryptocurrency on CoinMarketCap.
Finally, whales are also stacking low-cap gems that are set to the markets soon. For instance, a whale recently swapped $50k worth of ETH for Memebet Token (MEMEBET).
Behind similar large whale investments, MEMEBET has raised $244k in presale funding, indicating strong investor confidence. After all, it is the native coin of Memebet Casino, the first-ever meme coin-based casino that recently acquired Regional Sponsorship with the Argentina National Football Team.
Thanks to its Telegram-based casino, lucrative monetary perks like P2E rewards and sound tokenomics, experts are bullish on Memebet Token, with some calling it the next Rollbit Coin.
Some popular crypto traders have revealed that they are aiming for 100x returns with MEMEBET.
Visit Memebet Token Presale
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
