The Federal Reserve is anticipated to unshackle the U.S. economy with an interest rate cut this week, and analysts anticipate a “soft landing” is on the horizon.
This is proving bullish for the crypto industry, with its total market cap up 2.3% today.
While established coins rise, presale projects and ICOs are also seeing growth amid renewed market optimism.
One example is Pepe Unchained, which has raised over $13.5m as investors put in over 200k in the last 24 hours alone.
CNBC survey respondents lean to ‘soft landing,’ bullish for $PEPU
A survey carried out by CNBC found that respondents “are forecasting a more gradual approach to rate cuts than is currently priced into markets.”
The survey – which included economists, fund managers, and strategists – found that 84% of participants expect a 25-basis-point cut in September, contrary to the consensus 50-basis-point cut.
This, in turn, makes for a soft landing, which mitigates the recession risk that hangs on high interest rates. Typically, interest rates can cause a recession when they are too high for too long.
A 50-basis point “hard landing” cut would indicate the Fed fears a recession is incoming, so expectations for a soft landing are positive for the market.
Consensus around a soft landing is gaining strength, with Yahoo Finance also suggesting the market will find equilibrium without too much headwind.
Should the U.S. dodge a recession, the lowering interest rates will likely encourage retail and institutional traders to beef up their risk-on asset exposure, including cryptocurrencies.
Indeed, liquidity will first flow to blue chips like Bitcoin and Ethereum through ETFs and centralized exchanges. It will then cycle down through large-cap alts and eventually into new low-caps like Pepe Unchained.
Quick-footed traders are getting ahead by investing in $PEPU before this happens.
One of these is ClayBro, who says, “Pepe Unchained is getting ready to explode after the Fed rate cut decision.”
The analyst highlighted that market sentiment has been fearful in recent months but expects the upcoming interest rate cut to provide a confidence boost.
Pepe Unchained: the first Pepe-themed crypto with a layer 2 blockchain
In bullish periods, the meme coin sector typically provides the biggest gains.
For instance, in Q1 of 2024, the total crypto market cap rose by 60%. According to CoinGecko data, the meme coin sector provided the biggest gains, with an average return of 1,313%.
The upcoming bullish period will be Pepe Unchained’s first. It also has a pioneering use case:
Pepe Unchained will be the first Pepe-themed token with its own blockchain.
It offers fast and low-cost transactions on top of the Ethereum network.
Pepe Chain is a separate blockchain from Ethereum, but users can easily transfer funds between the two chains using the same wallet and its dedicated Ethereum bridge.
Per its website, Pepe Chain will be 100x faster and much cheaper than Ethereum.
It also offers a staking mechanism, which launched in the presale and currently provides a 152% APY.
Participate in the Pepe Unchained presale today for the best price
The Pepe Unchained price will gradually rise throughout the presale, incentivizing investors to buy in as early as possible.
Currently, the presale price is $0.0098, but this will rise in just over one day.
Investing in early-stage projects often carries risk, but that’s why Pepe Unchained has called in security firms Coinsult and Solid Proof to audit its code.
The project passed both audits, attesting to its transparency and legitimacy.
In times of economic prosperity, traders climb the risk ladder in search of bigger gains, which usually leads to significant capital inflows into meme coins.
While the meme coin sector is typically high-risk and high-reward, Pepe Unchained’s innovative utility and extensive auditing set it apart from its competitors.
Follow the project on X or join its Telegram to stay updated. Alternatively, visit its website to buy and stake tokens.