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Cryptocurrency News Articles
Solana (SOL), PEPE Coin (PEPE), Rexas Finance (RXS): 3 Best Cryptos to Buy as the Fed Cuts Rates
Sep 24, 2024 at 06:00 pm
The moment the Fed figures that it is the right time to implement cuts to interest rates, the hype in the market, especially as it relates to the
The moment the Federal Reserve decides to cut interest rates, the hype in the market, especially as it relates to the cryptocurrency space, returns. This easing of monetary policy was anticipated by thirty-three analysts, and three distinguished cryptos shone the most.
Solana (SOL), PEPE Coin (PEPE), and Rexas Finance (RXS) were the three cryptos that stood out from the rest. All three tokens come with specific value adds, hence their preference amid the dynamic shift in the macro environment.
Solana (SOL) is known for its scalability and low-transaction-cost capabilities, achieving up to 65,000 TPS. It was only a matter of time before it became a super platform for dApps and NFTs.
However, due to some turbulence within Q1 2024, Solana is still expected to witness a strong recovery. Prices hovering between $140- $ 150 have the potential to reach $500 by 2025, especially in the embedded finance market, where institutional adoption and platforms are largely DeFi-geared.
As a result of the Fed’s cut in interest rates, liquidity and the flow of funds are expected to return toward risky assets, including cryptocurrencies, making Solana a likely beneficiary. The prospective approval of Solana ETFs in some areas, such as Brazil, provides a clearer demonstration as to why the bull case for Solana has considerable strength.
In a generally bullish market following Fed rate cuts, PEPE Coin, the meme token that attracted billions of dollars in the earlier part of 2024, is also in a favorable position. Such trading volatility is common with explosive rallies supported by the vigorous PEPE community, which suggests that it is much more than just a speculative meme coin.
Ever since it made over 7,000% gains during its first hype, PEPE has remained relevant in the markets. Even though the current trading price is roughly $0.057, the potential for gains remains high for aggressive short-term traders seeking quick returns for the associated risk.
Stormy fluctuations are familiar to PEPE’s price, and such behavior is characteristic of meme coins experiencing a bullish market. This simply means that PEPE could play into both the last excitement and the first phase of monetary expansion.
Possibly the most interesting of the three contenders, Rexas Finance (RXS) is experiencing an upsurge due to its emphasis on real-world asset (RWA) tokenization. In contrast to Solana or PEPE, which focus on blockchain-based applications, Rexas Finance adopts a different approach, integrating real-world assets such as real estate and art into the blockchain.
This new feature, offered by Rexas through its Token Builder and Launchpad, allows people to pool resources and purchase fractions of expensive assets.
Rexas Finance is still in the presale stage, where the price is set at $0.05, and its ICO has already raised more than $1,000,000. Projections suggest the price could reach $12 by 2025, representing an eye-watering 100x ROI for risk-tolerant presale investors. Given the growing institutional interest in RWA tokenization, Rexas is positioned to address a significant portion of this multi-trillion-dollar market.
With the untapped liquidity available in the market following Fed rate cuts, there are various growth opportunities in Solana, PEPE Coin, and Rexas Finance. In our opinion, Solana remains a safe long-term investment due to its scalability and institutional support.
PEPE offers a fast-cash opportunity for those wanting to capitalize on the meme coin storm. In contrast, Rexas Finance presents the greatest growth potential due to its real-world asset tokenization model and current presale price.
For a well-diversified portfolio, it’s worth considering all three of these cryptos as we approach the ninth to twelfth months of 2024.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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