I believe an interest rate cut next week is inevitable, 25 basis points are a given, and I even think it is quite possible to cut by 50 basis points. Some might say, 'Does positive news turn negative after it is implemented?'
No, no, this phrase has been overused in the market. Not all positive news translates to negative outcomes. There are many types of positive news, including monetary, fundamental, and technical.
Monetary positive news, like interest rate cuts, will inspire market confidence before implementation, but it is only after implementation that it truly takes effect. Once it is implemented, more funds will gradually flow into the financial market.
It's just like Bitcoin ETF and Ethereum ETF; the real benefits only start when they land. In the long term, they are all beneficial because more and more people buy in through ETFs, and funds flow in. Perhaps in the short term, before or after interest rate cuts, there will be fluctuations or slight adjustments, but this is all an illusion. For such macro-positive news, the main force certainly does not want retail investors to share a piece of the pie, so the main force uses short-term fluctuations to make retail investors worry about a big drop and that the good news is useless. This is also why the market has felt precarious during this period. If you stare all day at 15 minutes, 1 hour, or 4 hours, you will be tortured by the market to the point of not believing that good news will be useful.
The more it is this time, the less you can look at the short-term, the less you can do short-term, because you will fall into the main force's trap. Maybe when I say this now, you may not understand, but after half a month or a month, I believe the market will make you understand, just like the article on July 4, any good-intentioned reminder of mine at that time was not favored or understood by others, but now looking back, it is very fragrant.
So, many people may not understand, but I hope everyone must understand, because only when you have the main force mindset can you be with the main force.
Preemptively ambush 3 altcoins that will rise 10 times in the future bull market!
1.XRP
The third largest cryptocurrency in the market, XRP, has climbed to an important psychological price level of $3, rising 2.5% in the past 24 hours.
It also rose 7% in a week, although it has not yet offset a 6% loss in a month, but it may just be a matter of time.
Today's chart shows that now may be the best time to buy the token, as its indicators have begun to rise but have not yet entered the overbought state.
For example, its RSI (yellow) has just risen above 50, and its MACD (orange, blue) is also about to turn positive.
Next week's FOMC meeting could become an important catalyst for a significant rebound, coupled with Ripple's increasingly strong fundamentals, and we will soon see XRP set new highs.
Ripple has been aggressively expanding this year, especially since finally ending its legal battle with the SEC in early August, and its expansion in cross-border (and stablecoin) business will translate to greater demand for XRP.
Therefore, we may see the price of XRP rebound to $3.50 by the end of this month, while altcoin prices may rise above $5 by the end of the year.
2.BONK
At a price of $0.00002345, BONK gained an impressive 6% return in one day and an impressive 15% growth in one week.
Like XRP, it has still fallen (12%) over the past month, but this only means it can still rise further without falling into dangerous overbought territory.
Today's chart confirms the hints from the past few days and weeks that a breakout is in progress.
In fact, the price of BONK has broken through the recent bullish triangle flag, and its RSI has risen from around 40 to 55 in just a day or two.
This trend may continue, which could mean it will not only return to the current high of $0.00005825 but also surpass it in the coming weeks, especially if the market rebounds at the end of the year.
3.HYPE
Hyperliquid has risen 6% in the past 24 hours, actually just setting a new high of $55.04 a few hours ago.
In other words, it is currently one of the most bullish altcoins ranked in the top 100 and may set new records in the next few hours and days.
The current stock price is $53.94, up 21% in a week and 24% in a month, and since its historical low of $3.81 at listing in November, the stock price has also risen by just over 1,300%.
The token is clearly becoming stronger, mainly because its native platform DEX Hyperliquid is playing the same role.
Hyperliquid has been continuously breaking new revenue records over the past few weeks and months, with August revenue reaching $106 million, capturing 70% of the DeFi perpetual contract market.
This is extremely bullish, and given that the broader market seems to be waking up again, the price of HYPE will only continue to rise.
Encouragingly, the technical indicators of HYPE are rising but have yet to enter the overbought zone, so there is still an opportunity to buy the token now.
Therefore, its cryptocurrency price forecast is very optimistic, with the currency possibly reaching $100 by mid-November and approaching $150 by the end of the year.
