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Cryptocurrencies are highly susceptible to interest rate decisions as they are risky assets whose demand is influenced primarily by the market\u2019s mood.<\/p>\n
If the Fed\u2019s concerns about inflation exacerbate as a result of Trump\u2019s latest decisions, this could lead to changes in their dot plot and further lower the odds of another interest rate cut this year.<\/p>\n
However, market participants seem to be in a good mood today as most cryptocurrencies are rallying during the Asian session. Other meme coins like Dogecoin (DOGE) and Pepe (PEPE) have also surged by 3.2% and 7.2% in the past day.<\/p>\n
Shiba Inu<\/a> (SHIB) is the most resilient meme coin within the top 10 with annual losses of 39.4%. Comparatively, DOGE and PEPE<\/a> have shed 45.7% and 64.7% during this same period.<\/p>\n This meme coin\u2019s robust ecosystem, which includes a decentralized exchange (Shibaswap), layer-two blockchain (Shibarium), and even a magazine called The Shib, has made it one of the most popular tokens in the space amid its loyal fan base.<\/p>\n Despite today\u2019s significant uptick, trading volumes have gone down by 17% in the past 24 hours, meaning that a group of market participants have not bought into the bullish narrative, especially as Fed meetings tend to trigger a spike in volatility.<\/p>\n<\/div>\n [ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":" [ad_1] Combined Market Cap of 100 Top Meme Coins \u2013 Source: CoinMarketCapCryptocurrencies are highly susceptible to interest rate decisions as they are risky assets whose demand is influenced primarily by the market\u2019s mood. If the Fed\u2019s concerns about inflation exacerbate as a result of Trump\u2019s latest decisions, this could lead to changes in their dot plot and further lower the odds of another interest rate cut this year. However, market participants seem to be in a good mood today as most cryptocurrencies are rallying during the Asian session. Other meme coins like Dogecoin (DOGE) and Pepe (PEPE) have also surged by 3.2% and 7.2% in the past day. Shiba Inu (SHIB) is the most resilient meme coin within the top 10 with annual losses of 39.4%. Comparatively, DOGE and PEPE have shed 45.7% and 64.7% during this same period. This meme coin\u2019s robust ecosystem, which includes a decentralized exchange (Shibaswap), layer-two blockchain (Shibarium), and even a magazine called The Shib, has made it one of the most popular tokens in the space amid its loyal fan base. Despite today\u2019s significant uptick, trading volumes have gone down by 17% in the past 24 hours, meaning that a group of market participants have not bought into the bullish narrative, especially as Fed meetings tend to trigger a spike in volatility. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":39425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-39424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/39424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=39424"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/39424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/39425"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=39424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=39424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=39424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}