🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

ETH, SOL, DOGE Rally Following FOMC, Anticipates Crypto Trader

Published 28/07/2023, 12:05
© Reuters ETH, SOL, DOGE Rally Following FOMC, Anticipates Crypto Trader
DOGE/USD
-
SOL/USD
-

  • Crypto Banter believes that ETH, DOGE, and SOL are set for a rally following yesterday’s FOMC meeting.
  • The popular crypto trader is anticipating the altcoin rally amid BTC’s declining dominance.
  • While ETH and DOGE saw negligible growth, SOL gained more than 3% over the past 24 hours.

Popular crypto trader Sheldon Sniper believes that yesterday’s Federal Open Market Committee (FOMC) meeting has set the stage for an altcoin rally. The trader told his followers in a YouTube video earlier today that Ether, Dogecoin, and Solana are among the top altcoins that are poised for bullish price action in the near future.

Bitcoin gained a little over 1% following yesterday’s interest rate hike. However, leading altcoins including Ether and Solana managed to register better gains than BTC. Data from CoinMarketCap showed that ETH gained over 1.5%, while SOL and leading meme token DOGE gained 3.1% and 2.5% respectively.

The latest FOMC meeting was held between July 25 and July 26, which was followed by the United States Federal Reserve announcing an interest rate hike of 25 basis points. The crypto community was closely following the announcements, given its histo…

The post ETH, SOL, DOGE Rally Following FOMC, Anticipates Crypto Trader appeared first on Coin Edition.

The post ETH, SOL, DOGE Rally Following FOMC, Anticipates Crypto Trader appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.