United States interest rates are touted to grow less than expected, which has got crypto markets onto a slightly more positive sentiment.
The US Federal Reserve has been hiking interest rates this year at the most aggressive pace since the 1980s, but a recent speech from the Fed’s Chairman suggests that they might be considering slowing the interest rate increases as early as the next meeting.
With interest rate hikes starting to slow, many investors wonder what this means for cryptos.
Fed Chairman Suggests Slowing Down the Aggressive Interest Rate Hikes
The US Federal Reserve Chairman, Jerome Powell, recently gave a speech at the Hutchins Center on Fiscal and Monetary Policy that excited the markets. In the speech, Powell hinted that the US Federal Reserve might start to consider lowering the rate at which they will be hiking interest rates with the following remark;
“It makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down.”
The US Fed has been hiking interest rates at its most aggressive pace since the 1980s to combat inflation in 2022. After a series of aggressive rate hikes, including a plethora of 75 BPS hikes in the most recent meetings, the current US Federal Funds interest rate now sits at 4% – the highest it’s been since the 2008 financial crisis;
What Decreased Interest Rate Hikes Mean for Crypto
The hiking interest rate caused a significant slowdown in the broader economy’s growth and crypto in general. After Powell made his speech, markets across the board started to soar, with the S&P 500 climbing almost 3% at the moment after the address. The S&P 500 is now up 8.5% over the past month as the market starts to turn optimistic about future rate hikes.
Bitcoin also saw a slight price increase following the speech, but less than the general market.
The next FOMC meeting, where they announce the US Interest Rate hikes, is scheduled for mid-December. If the US Fed decides to pivot on its aggressive rate hikes, then this could cause a shift in sentiment for crypto and lead to an end-of-year rally for the entire market.
With interest rates climbing, borrowing money becomes significantly more expensive. As a result, less liquidity is injected into the market as fewer investors are willing to take a risk.
However, it’s important to remember that the US Federal Reserve will still be increasing the interest rate at a slower pace. The interest rate won’t start to come down for quite some time, especially until inflation starts to settle.
Cryptos to Buy While Interest Rates Stay High
While the interest rates continue to rise, it won’t be easy to find places to invest money. However, there are pockets of the industry that are performing remarkably well – even during the past few weeks of price collapses.
Here are two great crypto projects to invest in while interest rates remain high.
Dash 2 Trade
Dash 2 Trade is a world-class crypto analytics and intelligence platform designed to help traders make more informed decisions and take their trading to the next level.
The platform is a system that aims to help people find out what crypto they could be trading at a time before it becomes popular and expensive. It provides actionable crypto trading signals, market predictions, and social analysis to help traders keep on top of the market and increase their profitability.
The presale for the D2T token is currently underway, and it’s flying off the shelf. In the six weeks it has been running, the presale has already raised almost $8 million and is 88% sold;
Users are rushing to purchase D2T after learning about the successful track record of the team behind the project. They previously created Learn 2 Trade, a highly respected Forex signals and education platform with a user base of over 70,000 traders.
The same team has partnered with crypto experts, quants, and AI developers to deliver a crypto-based platform to replicate the success of Learn 2 Trade.
The D2T token will be used to power the system and will be needed to pay for the monthly subscription to utilize the platform.
IMPT
IMPT is another project to park some cash while cryptos continue to rise. The platform allows individuals and businesses to reduce their carbon footprints by providing them access to carbon credits.
Today’s carbon credit market is highly complex for individuals to enter due to limited pricing data and prevalent scams in the industry. IMPT seeks to change this by making carbon credits fully transparent on the blockchain as NFTs.
One of the flagship features of the platform is its Shopping Platform, which has attracted world-famous affiliates such as Nike, Microsoft, Netflix, Puma, Hugo Boss, Samsung, and The North Face.
The Shopping Platform allows users to reduce their carbon footprint while shopping for goods online. The affiliates have allocated a specific sales margin for environmental projects like IMPT. When a shopper purchases the platform, the margin is held in their account as IMPT until they have enough to swap for a carbon credit.
#IMPT enables everyone to make an impact and help the planet in a smart and efficient way ♻️
Earn carbon credits to reduce your carbon footprint & track your impact🔥
✅ 1 Carbon Credit = 1 Ton of CO2
Join the #IMPT Crew now ⬇️https://t.co/8KSvC4Hf9d pic.twitter.com/l3YNLGpmWc
— IMPT.io (@IMPT_token) November 25, 2022
This allows users to contribute positively to the environment without having to change any of their regular habits.
The presale for IMPT is still currently underway, and environmentally conscious investors are rushing to it to get some IMPT tokens. So far, the presale has already raised $13.5 million and is quickly selling out.
