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Crypto Market Reaction to Fed Interest Rate News. These 3 Tokens Could Rise on the News
The Federal Reserve announced its decision to keep interest rates at the current level of 5.5%. All eyes were on Jerome Powell’s press conference and meeting minutes, released in early July, for hints about future rate cuts. After the announcement of this decision, three crypto tokens may be ready to take off: Raboo, Cardano and Solana. Dive in to find out why.
Raboo: the master of AI memes
The cryptocurrency market was closely watching positive Fed interest rate news. Historically, signs that the Fed may cut interest rates have supported tokens, especially meme coins. An exceptional token ready to ride the bullish wave is Raboo, a new project straddling the booming artificial intelligence and meme coin markets, two sectors worth $33 and $60 billion respectively.
The pre-sale of Raboo has already been a resounding success. It rose more than 60%, amassing more than $1.7 million from thousands of investors. Raboo is creating a fun-filled ecosystem where users earn by interacting with other meme coin lovers.
Enter its weekly, monthly and quarterly meme contests where creativity is the name of the game. Users leverage Rabooscan, a tool that captures the trendiest memes from social media, and Raboo’s advanced artificial intelligence to generate funny memes, with the funniest ones getting huge rewards.
Users can also turn their social media memes into cash via Raboo’s Post-to-Earn platform. Combined with an exciting NFT collection and a generous staking program on the horizon, the profit potential is huge. Crypto analysts see Raboo’s strong start and potential 233% climb during the pre-sale as a strong indication that it might just be the next 100x cryptocurrency market craze.
Cardano: All systems go for Voltaire
Cardano, the pioneering Layer-1 collection network, is on the cusp of its revolutionary Voltaire upgrade, marking the final phase of its journey towards full decentralization. The Voltaire upgrade promises enhanced governance and complete ownership of the network by Cardano ADA owners with a functioning treasury and annual budgets.
While other tokens have reclaimed their 2021 highs, Cardano has lagged behind, peaking at $2.94 in 2021 and now just $0.42. However, this Fed interest rate news could trigger a dramatic turnaround for Cardano, as it appears fundamentally undervalued based on the incredible strides its developers have made in recent years.
Solana: Resilience could mean a bull run
Solana was one of the fastest growing layer-1 networks of 2024 thanks to its high throughput and low transaction fees, with the Solana meme coins continuing to rage in June.
Signs point to a potential recovery for SOL, with a steady funding rate despite a decline in SOL and a growing number of users interacting with Solana dApps. While SOL has yet to hit a new all-time high, it peaked at $205 in March versus its 2021 peak of $259, outperforming Cardano.
More broadly, Solana has held firm over the past three months, and news that the Fed has maintained current interest rates could provide fuel for a surge in the SOL. It is currently trading at around $144with its resilience and impressive growth portending exciting times ahead for Solana investors.
Conclusion
Overall, things are looking up for these three projects. Solana and Cardano appear to be going from strength to strength. But in terms of profit potential, Raboo emerges as a major contender.
Meme coins and AI tokens are more relevant than ever as two of the best-performing crypto sectors in recent months. The sentiment surrounding them has undoubtedly been reflected in Raboo’s epic pre-sale performance. Tokens are selling fast – secure an early position in Raboo and be first in line for its potential parabolic run later this year.
You can participate in the Raboo presale here.
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