3 Best Meme Coins to Buy Before October Bull Run
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
As the stars align for a major October bull run, traders are looking for the best meme coins to buy, which might offer them quick, easy gains.
The Fed kicked off a new monetary policy easing cycle on Wednesday, axing interest rates by 50 bps to 4.75-5.0% for the first time since 2020.
BREAKING: The Federal Reserve has cut interest rates for the first time since the start of the pandemic, cutting rates by 50 basis points.
The Fed says it has "greater confidence" that inflation will return to a normal level.
The cut was more aggressive than what many… pic.twitter.com/0xY9I6y78H
However, the Fed emphasized to investors that the US economy remains strong and that its rate cuts don’t necessarily constitute monetary policy easing but rather a retreat from a tight policy stance.
That’s potentially the perfect scenario for risk assets – a combination of continued economic growth and easing financial conditions.
And that could lead to investors looking towards riskier asset markets, such as major cryptos.
As such, the stars appear to be aligning for an October bull run, historically one of the best months of the year for major cryptocurrencies like Bitcoin (BTC).
Indeed, Bitcoin could lead an October market surge, potentially hitting new record highs above $74,000.
New all-time highs for major cryptos could spark a new meme coin season.
That’s why investors are trying to get ahead and pick the best meme coin to buy right now, ahead of a potential market pump.
Here are some of the best meme coins that could pump during an October bull run.
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