Crypto analyst Alex Krüger stated that crypto charts ‘look so broken and bearish that is bullish.’
According to the analyst, the recent $BTC and $ETH crash signals it’s time to go long. The charts are also looking good for alt coins:
Notice how today’s move was mainly BTC and ETH getting dumped, while alts stopped crashing earlier. Often a sign of upcoming strength.
According to Krüger, the current bear trend is just a psychological game triggered by investors taking in profits before the next Federal Open Market Committee (FOMC) meeting on Sept. 16-17.
That’s when the Fed decides whether to cut interest rates or not, which is likely to happen. A positive decision would reduce the cost of borrowing and add liquidity, increasing trust in high-risk assets like crypto.
Thanks to this project’s long-term potential and investor appeal, the $PEPENODE token could soar later this year as retail turns towards smaller caps to diversify.
The top cryptos look strong, with Bitcoin hovering around the $108K mark, Ethereum pushing above $4.4K, and XRP shooting for recovery in the last 24 hours, hoping to jump past $2.8 again.
Recent market stagnation stagnation, especially with Bitcoin, which has remained stable around the $108K mark since August 29, suggests that the bearish outlook could be misleading. In reality, we may have a bull push coming soon, possibly this week.
The FOMC has three more meetings left this year, the closest one being on September 16-17, when the committee will decide whether to cut the interest rates.
So, we may still see Bitcoin pushing to a new ATH soon, at which point the entire market will follow suit.
Available off-chain throughout the ICO, this early version gives you an early score boost before the platform moves onto Ethereum.
This explains how the presale managed to raise over $500K in just a month after its release date on August 1.
If you make it among the top players, you’ll get real meme coin rewards when the platform migrates on-chain.
To start mining, the process is simple and intuitive. You only need to buy nodes, build your facility, and start mining. You can upgrade your virtual mining rig later on for a higher throughput as well.
PepeNode also comes with spoils early investors, boasting a dynamic staking APY of 3,188% to incentivize early organic engagement.
Plus, early in-game nodes have a higher throughput than those set up later on, which also ensures early adopters get a leg up.
A favorable Fed decision could likely contribute to the long-awaited alt season this year.
Things can only ramp up if Bitcoin decides to go crazy, which may very well happen.
This isn’t financial advice. Do your own research (DYOR) and invest wisely.
