Latest Crypto News Today, September 17: TOSHI Outperforming BRETT and Pudgy Penguins’ PENGU Crypto as Best Memecoin To Buy Gains Traction

The first-ever meme coin virtual mining game PepeNode (PEPENODE) has surged past $1.2M  in presale funding.

The milestone comes at a pivotal moment, with the market already shifting into altcoin season and a full-blown meme coin cycle likely next in line.

PepeNode gives early adopters an edge because once it launches, users will be able to mine meme coins through a virtual mining dashboard where tokens like Pepe (PEPE), Fartcoin (FARTCOIN), and others can be earned strategically.

The project is still in the early stages of its presale, with the current round pricing tokens at $0.0010617. 

That price climbs in less than 24 hours, meaning investors waiting on the sidelines risk paying more at the next tier.

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Today is D-day, and leading crypto traders will know whether it is the right time to add to their portfolio the best crypto to buy right now. Bitcoin and its hot pair, BTC USD, are at the top of their list, but there are other quality altcoins to explore. Some may not be in the top 20, but they are rising steadily up the crypto ranking.

Ahead of the FOMC announcement, where the Federal Reserve is largely expected to slash rates, BTC USD is firm and likely to close above a key resistance level at $118,000 by the end of the day. According to Coingecko, Bitcoin crypto is already up nearly +100% year-to-date, and steady over the past trading month. While BTC USDT prices slightly fell in the second half of last week, momentum has been building. In the last week of trading, the Bitcoin price is up roughly +4%.

(Source: Coingecko)

On Coinglass, top traders are bullish. The long/short ratio, which compares the number of long to short positions, is positive, at +2. However, looking at accounts, the long/short ratio is below +1, meaning most accounts on Binance are net bearish on the digital gold.

(Source: Coinglass)

Still, BTC USD and BTC USDT is rising, standing at $17.4Bn on Binance and over $8.3Bn on Bybit. It is also rapidly rising on Hyperliquid, standing at nearly $3Bn, up +18% in the past 24 hours.

DISCOVER: Best Meme Coin ICOs to Invest in 2025

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What time is the Fed rate cuts meeting today? BTC ▼-0.75% is trading near $116,000 as markets await the Federal Reserve’s September 17 decision. CME FedWatch puts the odds of a 25-basis-point cut at 96%, effectively locking in cheaper capital. The fed rate cut decision will be made at 2:00 PM EST.

The question for the Bitcoin price, however, and crypto is more about impact than timing.

The worry right now is that a recession has followed a majority of rate-cutting cycles, and poor US economic data is ubiquitous leading into the meeting.

Sometimes you get a soft landing (1984, 1995), but they’re rare and only tend to happen if unemployment is falling and yield curves are more normal. Neither is the case today.

While rate cuts are stimulative in a vacuum, the Fed only tends to use them when unemployment worsens or the broader economy is at higher risk than rising inflation is. Jerome Powell and the Fed may have backed themselves into a corner after their excessive COVID stimulus.

Analyst Lark Davis cautioned that liquidity shifts rarely play out cleanly, warning of a potential “sell-the-news” dip before upside momentum takes hold. Conversely, trader Sykodelic drew parallels to 2024, when Bitcoin climbed 77% in the three months after a 50 bps cut, calling the current setup “nearly identical.” So, where does crypto go next?

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Meme coins are struggling ahead of today’s FOMC meetings, which are expected to result in a 25bps rate cut. Standing out from the crowd are Simon’s Cat (CAT), Aura (AURA), and Dog Wif Hat (WIF), all in the green overnight, posting 4 to 6% gains. With the FOMC volatility expected, investors are wondering what is the best meme coin to buy Today?

According to CoinGecko, the meme coin category is down 0.4% today, falling to a combined market cap of $86.5Bn. Most are in the red today, while a few outliers, such as the aforementioned meme coins, are holding strong in the face of today’s expected market volatility.

(SOURCE)

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