The CPI was good for cryptocurrencies, but the funds rate (which will not be affected by today's readings) and the FOMC will decide everything.
First of all, the CPI news is great for cryptocurrencies. In my post I said that "Wednesday is key" and you should see a 0.1% drop in Y.Y. We also saw a drop in M.M. Note that these readings will not affect today's rate decision, although they will affect what is said at the FOMC press conference (forward outlook).
The labor market needs to slow down to lower interest rates (why Friday hurt the cryptocurrency market) I predict we will see a likely outcome where Powell states that 2 cuts remain the likely possibility, the first in September (this will be slightly bullish for cryptocurrencies). Before Friday's jobs data, the market was predicting between 3 and 2 interest rate cuts, after the jobs data it was divided between 2 or 1 cut, today's data takes it to 2 cuts as the most likely scenario. likely. Things could still get very volatile around the FOMC. Don't assume these readings mean we will see the beginning of a parabolic bull run.
Make no mistake, these readings are very bullish for cryptocurrencies, but all we have done so far is recoup some losses from the previous days, the rate and what is said at the FOMC will decide if we remain bullish and push and hold for above the market capitalization of $ 2.6 billion. barrier.
Don't enter high leverage or margin now, every answer Powell gives during the press conference and what he says will move the price of cryptocurrencies, possibly A LOT and in ANY direction.
Major economic announcements are on the horizon. This is what's coming:
June 12:
US Core CPI m/m US CPI m/m US CPI YoY
June 13th:
US Federal Funds Rate US FOMC Economic Projections US FOMC Statement US FOMC Press Conference These updates could significantly affect market conditions. Stay tuned and make informed decisions!#MarketUpdates#Cryptocurrency#Bitcoin#MetaverseInvesting
PEPE is definitely a coin with great potential! Although it has not grown as much as the doge and shib, and has not been greatly influenced by powerful bankers for the time being, in the current development trend, the pepe is likely to become the next giant coin in the momo sector!
1. Magic power $PEPE PEPE continues to occupy an important position in the market and this year it shines like a star. The outlook is bright, at least it may be until the end of the bull market year! I have made a lot of money with PEPE and the potential is amazing! There is no need for complicated and complicated analysis. Investing in PEPE this year is definitely the best option, there is nothing wrong with it!
2. Good idea for investment in PEPE PEPE's growth rate is beyond imagination and amazing! Stop worrying about those complicated indicators, focus solely on market enthusiasm and trends! It is highly recommended to adopt a segmented entry strategy and then persist for a long period of time to enjoy the stable and happy benefits that PEPE brings.
3. Swing Skills $PEPE For swing investors, PEPE is undoubtedly the first choice! It is recommended to gradually increase your position during corrections and continue entering the market in three steps. When the price rises, firmly lock profits on half of the position and the other half wait patiently for the correction. The strategy must be flexible and adaptable, and sufficient funds must be ensured at all times to be able to calmly face the ups and downs of the market.
🚀🚀😱The bullish signal is on. The 3 main Altcoins that can generate big profits😱🚀🚀
1. Altcoins to buy Pepe ($PEPE )
Pepe (#PEPE), an Ethereum-based cryptocurrency, is ranked 25th with a market value of $4.17 billion. PEPE is CoinMarketCap's top meme coin after surging 1040% in one year to $0.00001442. The price of PEPE has risen significantly by 17% over the past two weeks, further cementing its place as a major player in the alternative cryptocurrency market. Its price has also gained 64% over the last month, establishing it as an excellent alternative cryptocurrency investment.
2. Litecoin (#LTC)
Litecoin ($LTC ) seeks to enable fast, secure and profitable payments by leveraging the unique features of blockchain. However, the price of Litecoin has fluctuated significantly recently as a result of external market pressures and global political uncertainty. Litecoin price is $82.25, down 1% in the last 24 hours. It is ranked 19th on CoinMarketCap, with a market cap of $6.13 billion.
3. Fetch.ai ($FET )
Fetch.ai (#FET), an open artificial intelligence (AI) lab, is transforming the blockchain scene with its cutting-edge machine learning network. This platform focuses on decentralizing and optimizing Internet transactions to improve user experiences. The rise of Fetch.ai has piqued the curiosity of investors, particularly those interested in AI-powered projects. As a result, Fetch.ai is making AI technology more accessible. Fetch.ai price is trading at $2.11, down 1.98%, indicating a small bearish market trend. FET has grown 661% in the last year, putting it on track to reach the top 20 in June. #altcoins
Currently, $PEPE is in a consolidation phase on the 4-hour candle, with the current price at 0.000001512. If you are considering an investment, it is essential to watch for a breakout. The key resistance level is at 0.000001550, while the support level is at 0.000001502.
It is advisable to wait for $PEPE to come out of this consolidation phase before making any investment decisions. If it breaks 0.00001518 successfully, it will touch 0.00001550
Stay informed and invest carefully to effectively navigate this crucial market moment. 📊 #Megadrop#MtGox#StartInvestingInCrypto#ETHETFsApproved
➡️According to my experience, I do not trust any pump and I see a deeper correction towards the support of 0.000100 - 0.000120$. 📉🚨 ➡️Getting closer to the weekly view, the RSI is still very overbought and the price is moving towards a very unstable zone 📉🚨 ➡️A final bullish trap may occur🚨 If you intend to sell, I recommend that you wait for higher entries!
📌To summarize: Short term📈 --> Possible bullish trap and double top❗️ Medium term 📉 --> Deeper correction towards 0.000120 - 0.00010$ This type of hype is often misleading and prices may not necessarily respect technical analysis. Price volatility highly depends on the news! 🚨#DYOR I also remind you that compared to other #mismorincón,#PEPEHAS NO USEFULNESS!!!! (Important levels are mentioned in my daily chart! 🎯) And what do you think?#dumpNpump#altcoins #Memecoins__
After reaching a high of $0.00001717, PepeCoin has fallen to $0.00001490, a drop of approximately 13%. Is this a good time to buy?
In my opinion, absolutely! I don't expect its value to drop further. If you've been waiting to buy the dip, now's your chance. I have been investing in PepeCoin for several months and have successfully made almost 250% profits. I intend to buy more as the next rally could be around 21%, above 0.00001800$ in the coming days. If you look at my previous posts, you will see that my predictions about the future of PepeCoin have always been accurate. If you want to know more about the monetary circle and cutting-edge information first-hand, please click on the avatar to follow Xiaoqiang, who publishes daily market analysis and high-quality potential currency recommendations. ”#MegadropLista
$$ If you want to turn $1000 into $10,000 by investing in some lesser-known cryptocurrencies, you need to be smart and keep an eye out for good opportunities. Here's a closer look at three of these cryptocurrencies that cost less than $1 each and could potentially grow:
1. Pepe Coin ($PEPE) Recent Performance: The value of Pepe Coin has increased to reach $0.000017, which shows that people are interested in it. Market position: It is now the 19th largest cryptocurrency, with a market value of $6.53 billion. Price Targets: If things continue well, Pepe Coin could reach $0.000035 and $0.000045, which could mean big profits for investors.
2. Polygon ($MATIC) Recent Performance: MATIC price is at $0.73 right now and has held up well even as the market goes up and down. Price Targets: If MATIC price breaks above $0.85, it could rise to $1.20, which# would give investors a potential profit of 32%.
3. Ripple ($XRP ) Price Stability: XRP is currently valued at $0.54 and has held above a key level of $0.50, showing that it can withstand market swings. Future Prices: It could reach prices like $0.70, $0.75, $0.90 and even $5 over time because of how useful it is and how much people want it. Investing in cryptocurrencies that cost less than $1 requires careful planning and being prepared for the ups and downs. Coins like Pepe Coin, MATIC, and XRP could generate big profits, especially when prices drop. But remember, investing in cryptocurrencies is risky, so be careful and do your research before investing.
$ETH The post Top Analyst Predicts Ethereum (ETH) Price to Soar 92% in 16 Days, Here's Why:
The United States Securities and Exchange Commission (SEC) has approved eight Ethereum spot ETFs, sparking speculation and excitement within the crypto community. Drawing parallels with Bitcoin's past performance, a prominent crypto analyst predicts a 92% rise in Ethereum price over the next 16 days from its current level of $3,632. ETH price will rise by 92 Following the approval, Ethereum price has shown both volatility and resistance falling directly from $3,880 to $3,632, reflecting a 4.45% decline in its price. However, Ethereum's initial market response may mirror Bitcoin's past, with short-term declines possible followed by substantial gains.
**Destroy $PEPE coins every day - a strategy to increase value and trust**
The strategy of burning millions of PEPE coins every day is making this coin stand out in the cryptocurrency market. In May 2024, around 100 billion PEPE coins were destroyed daily, which is equivalent to 5 million dollars per week. This not only reduced supply but also stimulated buying demand, taking the value of PEPE to its highest level in two months. The data also shows that in October 2023, when 6.9 trillion PEPE was destroyed, the value increased by approximately 30%. Forecasts for June 2024 show that PEPE could rise by up to 57%, and it is expected that by 2025 the price could reach between 0.00030 and 0.00033 USD. This strategy not only creates scarcity and increases value, but also reaffirms the trust of investors and the crypto community in PEPE. This puts PEPE in a notable position in the market, making it one of the attractive options in the cryptocurrency craze.
The real-time price of Pepe is $0.000015 per (PEPE/USD) with a current market cap of $6.30B USD. The 24-hour trading volume is $2.32B USD. The PEPE price in USD is updated in real time. Pepe has changed by +6.36% in the last 24 hours, with a circulating supply of 420,689.90B.
Elon Musk talks about Pepe Coin: Breaking 1 USD is just the beginning! The cryptocurrency world suddenly turned upside down! Tech giant Elon Musk recently spent big and publicized his investment in Pepe Coin; This is equivalent to injecting fierce power into this horse! Musk's innovative move immediately caused excitement in the Pepe Coin community. Countless investors bet madly, hoping that it would break out of its cocoon and turn into a butterfly, and reach the top of 1 dollar! The price of Pepe Coin was just 0.00000821, but Musk's blessing has caused market confidence to skyrocket. Can it surpass the dollar next year?$PEPE
🔥Feed your dreams: Never give up in the world of cryptocurrencies 🚀 Embarking on the cryptocurrency journey can be both exciting and challenging. One of the most important lessons we must remember is the power of perseverance. 💪 By staying focused and persistent, we can overcome obstacles and turn challenges into stepping stones to success. Keep fighting, keep learning and together we will achieve it! 🌟
New here. Learning about the transformative potential of this technology and its ability to change the way we interact with the digital economy. As a wise proverb says: "The future is already here, it is just unevenly distributed" :)