The Jackson Hole Economic Policy Symposium could offer the last opportunity for sidelined investors to buy high-upside altcoins at a discount.
Fed Chair Jerome Powell is set to deliver his first public remarks at the symposium on Friday, following July’s dismal jobs report and a red-hot PPI print that reignited inflation fears.
While markets still overwhelmingly expect a rate cut in September, the probability has slipped from near-certainty at 99% in early August to below 80% today, CME FedWatch data reveals. Moreover, three rate cuts this year are no longer the odds-on scenario.
Powell’s hawkish, or even cautious, stance could result in more downside volatility in risk assets. Crypto prices are already facing significant selling pressure.
Historically, Bitcoin has struggled in the immediate aftermath of Jackson Hole, but those dips have often proven to be prime accumulation opportunities before explosive Q4 rallies.
With Bitcoin price predictions from prominent analysts projecting another strong market-wide uptrend in the fourth quarter, Powell’s speech could ultimately turn out to be a gift for sidelined investors.
Why Is Jackson Hole Important For Crypto?
Despite many bulls hoping for otherwise, the crypto market continues to have a strong correlation with the broader macroeconomic outlook.
Both July’s poor jobs report and the latest PPI inflation print resulted in sharp sell-offs in crypto prices. The first points to weakness in the labour market, further substantiated by the latest jobless claims data, which strengthens the case for aggressive rate cuts.
On the contrary, the elevated inflation levels justify Fed Chair Jerome Powell’s mildly hawkish stance, delaying the cuts. As previously mentioned, the CME FedWatch is no longer indicating three rate cuts this year, and the odds of a cut in September have dropped as well.
His Jackson Hole speech is the first time Powell will address July’s poor macroeconomic data, which could result in significant volatility for the crypto market.
Prominent analyst Mamba highlights that Bitcoin has experienced sharp drawdowns in the aftermath of the previous Jackson Hole events, except in 2024.
Notably, September has also historically been one of the worst months for the crypto market. However, it also offers excellent buying opportunities for sidelined investors ahead of the explosive Q4 bull run.
For instance, popular crypto trader Doctor Profit believes that the Bitcoin price will fall below $100,000 in September, before a new all-time high in the fourth quarter.
Altcoins are expected to follow BTC’s lead, though Ethereum may still show resilience as treasury firms continue to aggressively accumulate.
Best Cryptos To Buy After The Jackson Hole Sell-Off
Both Bitcoin and Ethereum are expected to be among the top crypto gainers in the fourth quarter, making them two of the best cryptos to buy in September.
Experts are also anticipating considerable strength from layer-1 coins like Sei and Sui, especially with the ongoing tokenisation and RWA trends. SEI, in particular, has already reached an excellent buy level.
Layer-2 coins like Arbitrum and Bitcoin Hyper are also in high demand. In particular, whales are accumulating HYPER in its presale, with five and six-figure investments becoming a daily occurrence.
The Bitcoin Hyper presale has already raised over $11 million in its presale. Considering the high upside potential of L2 coins, BTC’s bullish expectations and its strong early demand, it is no surprise that many are viewing HYPER as the next 100x crypto.
Similarly, seasoned traders are expecting another massive rally in Solana meme coins like Dogwifhat, Pudgy Penguins and SPX6900.
Wall Street Pepe (WEPE) is another low-cap Solana meme coin in high demand.
WEPE has already established its high upside potential on the Ethereum blockchain, first by raising over $70 million in its presale and then by securing several CEX listings like MEXC, Gate.io, and Blynex. Now, the meme coin is migrating to Solana, tapping into a massive retail userbase.
Wall Street Pepe already has an army of traders in its Telegram-based Alpha Chat, which offers them high-quality trading signals.
With its upcoming Solana debut as well as an NFT collection launch, many are viewing WEPE as one of the best meme coins to buy today.
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