Analyst predict say Dogecoin and Altcoin go surge if Fed ease policy for 2024
Crypto analyst Kevin don dey predict say Dogecoin and other altcoins fit get bullish trend if U.S. Federal Reserve decide to ease monetary policy later dis year. For di previous analysis, Kevin point out di importance of some technical indicators wey dey show buying opportunities for Dogecoin at low prices. Di updated forecast highlight say if di Fed pause or reverse their quantitative tightening between March and June 2024, dis fit trigger financial easing cycle and rate cuts, wey go benefit altcoins pass Bitcoin by reducing Bitcoin market dominance below 54.51%. Kevin dey emphasize Dogecoin potential, dey draw parallel to market conditions for 2019, and dey advise say current market fundamentals and chart positions dey favorable for investing. As at di time of di analysis, Dogecoin dey trade at $0.17, wey dey suggest strong risk-to-reward scenario for long-term investments amid possible market shifts.
Bullish
News dey suggest say market fit dey bullish for Dogecoin and altcoins because dem dey expect Federal Reserve to relax dia monetary policy between March and June 2024. Historical data and technical analysis show say if dem relax am, e fit make altcoin market rise and Bitcoin no go dey too dominant. If market react like how e don react before when dem relax financial rules, traders fit make plenty money from altcoin investment. So, dis one fit be good time to plan well based on how economy dey change.