Four Crypto Coins May Triple in Value Before September US Fed Rate Decision

The crypto market is poised for significant growth, with several coins predicted to triple in value ahead of the US Fed's rate decision in September.

Impact of the Fed's Rate Decision on Cryptocurrencies

The Federal Reserve's recent minutes indicate that a rate cut decision in September is becoming increasingly likely. Markets have fully priced in this potential decrease, which has significant implications for cryptocurrencies. When liquidity rises due to lower interest rates, spending and investment in risk-on assets like cryptocurrencies and stocks typically increase.

TRON (TRX)

TRON (TRX) has recently significantly outperformed the cryptocurrency market. Over the past month, the TRX price 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 turns more bullish, the TRON price prediction could hit new highs. The debut of the SunPump platform has also spiked network activity, increasing TRX demand. Additionally, a technical breakout from a bullish 'Cup and Handle' pattern suggests the potential for further gains. Furthermore, TRON's network has seen a notable surge in Total Value Locked (TVL), highlighting increased investor trust and network activity.

Cardano (ADA)

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 in shaping the network’s trajectory. Over the past week, the price of ADA has climbed by 11% to $0.3817, with expectations of further increases as the fork approaches. Additionally, the cryptocurrency has seen a notable rise in its MVRV ratio, indicating a potential bullish trend ahead.

ConstitutionDAO (PEOPLE)

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 PEOPLE token. This token signifies ownership in the decentralized ConstitutionDAO. The community-driven approach has notably boosted its value, witnessing a 21% rise this past week and an astonishing growth of 1400% since its inception.

MAGA TRUMP

MAGA TRUMP (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, showing a 36% increase this week. Currently, MAGA 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 a surge up to $10 conceivable depending on continued positive trends and increased market pressures.

Anticipating the Federal Reserve's 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.