Cryptocurrency expert Alex Krüger has pointed out that the current market trends are so pessimistic that they may actually signal an upcoming opportunity for investors.
He suggests that the recent downfall of major cryptocurrencies like $BTC and $ETH could be a signal to take a long position, with signs indicating potential upside in altcoins:
It’s worth noting that today’s price movements were primarily influenced by BTC and ETH; meanwhile, altcoins have shown signs of stabilization, often indicating strength ahead.
Krüger believes that the existing bearish sentiment is largely psychological, prompted by profit-taking actions ahead of the upcoming Federal Open Market Committee (FOMC) meeting scheduled for September 16-17.
During this meeting, the Fed will deliberate on interest rate adjustments, with expectations leaning towards a reduction. Such a move would lower borrowing costs and add liquidity to the market, potentially increasing interest in higher-risk assets like cryptocurrencies.
A bullish atmosphere could also shine a light on altcoins such as PepeNode ($PEPENODE), bringing it into mainstream conversations.
The inherent potential of this project, as well as its attractiveness to investors, indicates that the $PEPENODE token could experience significant appreciation later this year as retail investors look to diversify into smaller market cap projects.
Established Cryptos Remain Resilient
The leading cryptocurrencies continue to show resilience, with Bitcoin stabilizing around $108K, Ethereum gaining momentum above $4.4K, and XRP making recovery efforts, attempting to surpass $2.8.
The stagnation in the market, especially with Bitcoin holding steady since August 29, suggests that the bearish perspective could be misleading. There might be a bullish surge on the horizon, perhaps even this week.
This will be particularly observed during the FOMC’s remaining meetings this year, with the first one approaching on September 16-17 to discuss potential interest rate cuts.
The probability of such a decision seems favorable, especially in light of support from influential figures who suggest that lower interest rates could invigorate the economy and the housing market.
Chair Jerome Powell has also hinted at a potentially favorable outcome, acknowledging that inflation risks linger.
Given these dynamics, Bitcoin could soon reach new all-time highs, which would likely uplift the entire market.
At this juncture, altcoins such as PepeNode ($PEPENODE) may attract significant investor interest. Thanks to its practical use case and engaging presale, this new meme coin has already surpassed a $500K fundraising milestone.
PepeNode ($PEPENODE)—A Unique Mine-to-Earn Experience
PepeNode ($PEPENODE) stands out with its innovative presale, allowing participants to engage in its play-to-earn (P2E) game prior to the official token generation.
This off-chain experience can help players boost their scores before transitioning to the Ethereum blockchain.
This unique strategy is contributing to the presale’s success, resulting in over $500K raised in just one month, since its initiation on August 1.
Top players will be rewarded with real meme coins once the platform transitions to on-chain dynamics.
The process for joining the mining is user-friendly: simply purchase nodes, construct your facility, and start mining. You can later enhance your virtual mining rig to improve productivity.
Additionally, PepeNode offers lucrative rewards for early investors, featuring a dynamic staking annual percentage yield (APY) of 3,188% to motivate initial engagement.
Moreover, early participants will benefit from higher throughput compared to later adopters, ensuring a rewarding experience right from the start.
If you’re interested in entering the PepeNode ecosystem, you can secure your $PEPENODE tokens at the presale price of $0.0010366.
An analysis predicts that $PEPENODE may reach a price of $0.0023 by the end of the year, translating to a potential return on investment (ROI) of 121% soon after its launch.
Check out the $PEPENODE presale for more insights.
Could a Positive Fed Decision Trigger an Alt Season?
A positive decision from the Fed may serve as a catalyst for the long-anticipated alt season this year.
Market activity will likely escalate if Bitcoin takes a bullish turn, something that could be on the brink.
In such an event, emerging altcoins like PepeNode ($PEPENODE) may witness a surge in new investor interest, driving significant price increases for these altcoins through late 2025.
This article is not financial advice. Please conduct your own research (DYOR) and invest responsibly.
