The rules after interest rate cuts in history are as follows:
1. U.S. Treasuries: The interest rate trend is downward, but in a "soft landing" scenario, it may rebound temporarily within 1-2 months after the first rate cut.
2. US Dollar Index: There is no absolute correlation between its trend and interest rate cuts, or whether there is a "soft landing".
3. U.S. stocks: The rally may stall around the time of the first rate cut, but will usually resume 2-3 months after the cut.
4. Gold: There is a high probability of rising before the interest rate cut, but the trend after the interest rate cut is unclear.
What will happen to the cryptocurrency world next?
This week, the Federal Reserve announced a 50 basis point rate cut, which was more than the expected 25 basis points, and sent a signal of more rate cuts in the future, indicating that the Federal Reserve is more concerned about the health of the US economy. For Bitcoin, which is seen as a unique asset to hedge against central bank mismanagement, this decision brings both opportunities and short-term risks. In the short term, the US dollar will weaken further, which will push the price of the currency higher again, and then 70,000 will be out of the question.
At the same time, global economic uncertainty and geopolitical risks will continue to provide long-term safe-haven demand support for Bitcoin. That will be the real bull market in the cryptocurrency world!
Buy the bottom of these 4 cryptocurrencies and become a millionaire in this bull market!
1.TRX
TRON (TRX) is a blockchain platform that aims to change the way digital content creators are rewarded. It allows creators to retain full ownership and earn more revenue from their work without the need for large companies like YouTube or Facebook. Launched in 2017, TRX was originally launched on Ethereum but now runs on its own network.
TRON supports decentralized applications, making it an Ethereum alternative for developers. Its public ledger allows users to easily track transactions. On this network, anyone can create and share content with the added benefit of low transaction fees. This platform empowers creators and makes content sharing easier and more rewarding.
2.ICP
The Internet Computer Protocol (ICP) is reshaping the way we think about the Internet. Created by the DFINITY Foundation, it aims to turn the Internet into a global computing hub. This means that decentralized applications will soon be able to run as fast as websites, but at a lower cost.
ICP hopes to minimize reliance on traditional cloud services. Instead, software and digital services can run more securely and independently. By decentralizing the network, ICP can change the way we interact online. A more open and user-friendly future internet seems possible. As we may enter another bull run and altcoin season, ICP may attract interest for its ambitious vision.
3.SUN
Solana is making a name for itself as a blockchain platform focused on scalability. It provides a foundation for decentralized applications, competing with Ethereum and Cardano. Solana’s design supports faster transactions and flexible development using a variety of programming languages.
Solana's token, SOL, is vital to its ecosystem. It facilitates transactions, runs programs, and rewards users who support the network. Solana is different in that it does not use sharding or second-layer solutions to scale. This approach could attract developers and investors. Solana's network has high activity, which could be attractive for creating and hosting products and services.
4. YUP
Jupiter (JUP) is trading between $0.83 and $0.83, showing steady resilience despite price fluctuations over the past six months. Recently, JUP rose 11.49% to $0.8748, supported by its 10-day moving average. With increasing buying pressure, the price could soon climb to $0.93, which would imply a 30% upside from current levels. Despite its mixed performance recently, JUP is showing signs of strength and could see a breakout as the market recovers.
Additionally, Jupiter Exchange recently made a major move at the Solana Breakpoint 2024 conference, announcing the acquisition of SolanaFM and Coinhall. According to DappRadar, Jupiter, one of the largest decentralized exchanges (DEX) on Solana, will also launch its Jupiter Mobile app. The new app aims to attract millions of users to the Solana ecosystem and increase the platform's market influence.
