Fed Chair Jerome Powell, in his August 22 speech at Jackson Hole, hinted at a strong possibility of an interest rate cut in September.
The crypto markets welcomed the news, with Ethereum surging 15% within an hour and Bitcoin climbing 5% in rapid fashion.
Interest rate cuts are generally positive for risk-on assets like cryptocurrencies. Because borrowing costs reduce, investors tend to adopt a more aggressive approach, channeling funds into digital assets in search of higher returns.
Since Powell’s remarks, everyone wants a slice of the crypto pie. While inexperienced investors are flocking to popular assets such as Bitcoin and Ethereum, smart money is eyeing low-cap, high-potential projects that could outperform the broader crypto market.
Unlike other AI models, Grok has a unique edge thanks to its direct access to a wide range of crypto communities on X, the latest news, publications, and public chatter. It can sift through this nonstop stream of data and produce actionable insights within minutes.
Here’s what Grok had to say about the best cryptos to buy right now.
1. Snorter Token ($SNORT) – Powering a New Telegram Trading Bot That Levels the Playing Field
Snorter Token ($SNORT) is the native cryptocurrency of the Snorter Telegram bot, built specifically for small crypto investors.
Traditionally, large institutions have enjoyed sophisticated trading tools that allow them to scoop up liquidity in new and trending meme coins long before retail investors get a chance.
Not anymore. The Snorter bot lets you place buy and sell limit/stop orders directly through Telegr
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Author: Bogdan Patru