By Memeinator has turned quite a few heads this year and it looks fairly positioned to build on that momentum as the US Federal Reserve announces its first rate cut on Thursday.
The AI-enabled meme coin has recently listed on the likes of Raydium and MEXC to drive interest from investors from all over the world—and together with the upcoming rate cuts, demand for the native MMTR token will likely only increase moving forward.
Let’s take a deeper dive into why lower interest rates may prove to be a boon for Memeinator.
Why would rate cuts make MMTR more attractive?
Historically, lower interest rates tend to increase the risk appetite of investors. That’s because bonds and the conventional savings account lose their charm in a rate cut environment.
Investors, therefore, switch to exploring riskier assets in pursuit of higher returns amidst such an economic backdrop. As capital begins to flow into risk-on assets, Memeinator may succeed in winning some of it.
Additionally, the US central bank typically decides in favour of cutting interest rates to stimulate economic growth. A growing economy further boosts spending, part of which may be on cryptocurrencies like MMTR.
So, interest rate cuts usually improve the overall market sentiment and are broadly seen as a positive for cryptocurrencies. This is primarily why Memeinator is an all the more attractive investment at writing.
You can find out more about Memeinator and its native MMTR meme coin on the website on this link.
Memeinator meme coin can tap on AI tailwinds
Broadly speaking, lower interest rates tend to boost investments in several assets, including cryptocurrencies like Memeinator as rate cuts make it less expensive to borrow money.
Finally, the US dollar often loses some of its strength when the Federal Reserve switches to a more accommodative monetary policy.
That’s also constructive for cryptocurrencies as many of them are pegged against USD and are considered as alternatives to fiat currencies.
Memeinator, in particular, is attractive among its peers to own as the central bank begins cutting interest rates from later today as it has artificial intelligence tailwinds to command a higher price tag as well.
Statista forecasts AI market to hit $1 trillion valuation over the next ten years, which elaborates just how lucrative an early position in MMTR meme coin may be moving forward.
As always, we’d recommend that investors do their homework and consider a multitude of factors before choosing to invest in a volatile asset like Memeinator.
Click here if you’d like to learn more about this AI powered crypto platform and its native meme coin.
The post Should you invest in Memeinator ahead of Fed rate cuts? appeared first on Invezz
