Cardano

MAGA (maga-hat.vip)

TRON

MAGA

The crypto coins market is poised for a significant rebound, with several coins predicted to triple in value. This comes ahead of the US fed rate decision in September. Among the cryptocurrencies forecasted for a robust surge are TRON (TRX), Cardano (ADA), ConstitutionDAO (PEOPLE), and MAGA TRUMP. 
<h2 id="b-how-us-fed-rate-decision-affects-crypto-coins-and-risk-on-assets-b">How US Fed Rate Decision Affects Crypto Coins And Risk-On Assets</h2> 
The Federal Reserve’s recent minutes indicate that a fed rate decision in September is becoming increasingly likely. Markets have fully factored in this potential decrease, with significant implications for cryptocurrency values.&nbsp; 
When liquidity rises due to lower interest rates, spending and investment in risk-on assets like <a href="https://coingape.com/5-top-impacts-of-us-fed-rate-cut-on-crypto-stock-market/">crypto markets</a> and stocks typically increase. 
However, the latest Nonfarm Payrolls (NFP) data revisions present a sobering counterpoint, revealing 818,000 fewer jobs than previously reported. This unsettling update heightens recession concerns and could temper the usual bullish response to a rate cut.&nbsp; Currently, Bitcoin hovers around $61,000, hinting at underlying strength that could support a rally among various cryptocurrencies. 
<h2 id="b-4-crypto-coins-that-could-3x-before-us-september-fed-rate-decision-b">4 Crypto Coins That Could 3x Before US September Fed Rate Decision</h2> 
<h3 id="b-tron-trx-b">TRON (TRX)</h3> 
TRON (TRX) has recently significantly outperformed the cryptocurrency realm. Over the past month, the <a href="https://coingape.com/price/tron/">TRX price</a> rose over 16%, hitting around $0.1558 on August 23. Justin Sun’s recent legal victory against the SEC has bolstered investor confidence, leading to more TRX purchases. If the market gains more bullish, the <a href="https://coingape.com/price-predictions/tron-trx-price-prediction/">TRON price prediction </a>could hit new highs ahead of US September Fed Rate Decision. 
The debut of the SunPump meme coin platform also spiked Tron’s network activity, increasing TRX demand. Furthermore, TRX’s recent technical breakout from a bullish Cup and Handle pattern suggests the potential for further gains. 
Moreover, TRON’s network has seen a notable surge in Total Value Locked (TVL), highlighting increased investor trust and network activity. This boost in TVL underscores a heightened engagement and optimism among participants. As reported by <a rel="nofollow" href="https://defillama.com/chain/Tron?currency=TRON">DeFiLlama</a>, TRON’s current TVL stands at $8.17 billion, reflecting robust market participation and investor interest. 
<figure id="attachment_213792" aria-describedby="caption-attachment-213792" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-213792" src="https://coingape.com/wp-content/uploads/2024/08/Source-Defillema.png" alt="4 Crypto Coins Eye 3x Growth Before US September Fed Rate Decision" width="991" height="444" srcset="https://coingape.com/wp-content/uploads/2024/08/Source-Defillema.png 746w, https://coingape.com/wp-content/uploads/2024/08/Source-Defillema-300x134.png 300w, https://coingape.com/wp-content/uploads/2024/08/Source-Defillema-150x67.png 150w" sizes="(max-width: 991px) 100vw, 991px">
 <figcaption id="caption-attachment-213792" class="wp-caption-text">
 Source- Defillema
 </figcaption>
</figure> 
<h3 id="strong-cardano-ada-strong">Cardano (ADA)</h3> 
Cardano (ADA), a leading proof-of-stake blockchain, is attracting heightened attention as it prepares for the Chang hard fork on August 27th. This significant update will overhaul Cardano’s governance structure, enhancing community involvement and shaping the network’s trajectory.&nbsp; 
Over the past week, the price of <a href="https://coingape.com/price/cardano/">ADA price</a> has climbed by 11% to $0.3817, with expectations of further increases as the Fed Rate Decision approaches.&nbsp; 
The cryptocurrency ADA has experienced a notable rise in its MVRV ratio, indicating a potential bullish trend ahead. This uptick suggests that investor profits have increased significantly over the past week, fueling optimism in the market.&nbsp; 
<figure id="attachment_213793" aria-describedby="caption-attachment-213793" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-213793" src="https://coingape.com/wp-content/uploads/2024/08/Source-Santiment-2.png" alt="4 Crypto Coins Eye 3x Growth Before US September Fed Rate Decision" width="1131" height="545" srcset="https://coingape.com/wp-content/uploads/2024/08/Source-Santiment-2.png 1131w, https://coingape.com/wp-content/uploads/2024/08/Source-Santiment-2-300x145.png 300w, https://coingape.com/wp-content/uploads/2024/08/Source-Santiment-2-768x370.png 768w, https://coingape.com/wp-content/uploads/2024/08/Source-Santiment-2-150x72.png 150w" sizes="(max-width: 1131px) 100vw, 1131px">
 <figcaption id="caption-attachment-213793" class="wp-caption-text">
 Source- Santiment
 </figcaption>
</figure> 
<h3 id="b-constitutiondao-people-b">ConstitutionDAO (PEOPLE)&nbsp;</h3> 
ConstitutionDAO (PEOPLE) emerged from a crowdfunding initiative by Web3 advocates aiming to buy a rare U.S. Constitution copy at auction. Though unsuccessful, the bid led to the creation of the <a rel="nofollow" href="https://coinmarketcap.com/currencies/constitutiondao/">PEOPLE</a> token.&nbsp; 
This token signifies ownership in the decentralized ConstitutionDAO. The project’s community-driven approach has notably boosted its value, witnessing a 21% rise this past week and an astonishing growth of 1400% since its inception currently at $0.06068. 
<h3 id="b-maga-trump-b">MAGA (TRUMP)</h3> 
MAGA (TRUMP), a cryptocurrency inspired by Donald Trump, has led the pack among Trump-related tokens by market size. Since its debut in August 2023, the MAGA price has experienced substantial growth. Notably, the coin surged this week by 36%, signaling a robust bullish trend.&nbsp; 
Currently, MAGA.<a rel="nofollow" href="https://coinmarketcap.com/currencies/maga/">TRUMP</a> is trading at $3.91, a remarkable increase of 23,492.97% since its initial offering. This rise is largely credited to anticipatory movements related to the upcoming US election. 
If this upward momentum maintains its pace, MAGA could potentially break the $5 to $6 range soon. With sustained investor enthusiasm, a surge up to $10 is conceivable. This speculation hinges on continued positive trends and increased market pressures. 
<figure id="attachment_213794" aria-describedby="caption-attachment-213794" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-213794" src="https://coingape.com/wp-content/uploads/2024/08/TRUMPUSDT_2024-08-23_14-02-49.png" alt="4 Crypto Coins Eye 3x Growth Before US September Fed Rate Decision" width="1154" height="588" srcset="https://coingape.com/wp-content/uploads/2024/08/TRUMPUSDT_2024-08-23_14-02-49.png 1154w, https://coingape.com/wp-content/uploads/2024/08/TRUMPUSDT_2024-08-23_14-02-49-300x153.png 300w, https://coingape.com/wp-content/uploads/2024/08/TRUMPUSDT_2024-08-23_14-02-49-768x391.png 768w, https://coingape.com/wp-content/uploads/2024/08/TRUMPUSDT_2024-08-23_14-02-49-150x76.png 150w" sizes="(max-width: 1154px) 100vw, 1154px">
 <figcaption id="caption-attachment-213794" class="wp-caption-text">
 Crypto Coins
 </figcaption>
</figure> 
Anticipating the Fed Rate Decision potential rate cut, TRON, Cardano, ConstitutionDAO, and MAGA TRUMP are poised for growth, fueled by increased liquidity and investor enthusiasm in risk-on assets, despite potential recession concerns from revised NFP data. 
The post <a href="https://coingape.com/markets/4-crypto-coins-eye-3x-growth-before-us-september-fed-rate-decision/">4 Crypto Coins Eye 3x Growth Before US September Fed Rate Decision</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

4 Crypto Coins Eye 3x Growth Before US September Fed Rate Decision

Table of Contents

Coingape News Media

Other articles published on Aug 23, 2024

Bitcoin faces $1.12B options expiry, can BTC hodl $60k?

Tron’s USDD Stablecoin Faces Scrutiny After $732M Bitcoin Reserve Withdrawal

XRP Price Prediction: Analyst Predicts Fiery Short-Term Action with $11 XRP Target by 2025

Solana (SOL) Struggles to Overcome Resistance: A Week of Limited Progress

Sony and Startale Enter Web3 with Soneium Blockchain Launch

Dubai Court Recognizes Cryptocurrency Salary Payments as Legally Valid

Join our free newsletter for daily crypto updates!