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10x Research: The market trend has changed after the interest rate cut, and traders are accumulating TAO, ENA, SEI, APT, SUI, NEAR, and GRT, and other AltCoins
Odaily Star Daily News According to 10x Research's market analysis, the market trend has clearly changed after the Fed's interest rate cut, and investors' preference for Decentralized Finance and high beta assets has begun to rise. Several key themes emerged at the Token2049 conference, implying the impact of the interest rate cut on the revival of Decentralized Finance, such as the tokenization of physical assets showing a drop in demand for on-chain tokens of government bonds as they are no longer attractive due to lower interest rates. As BTC breaks through $60,000 and targets $65,000, savvy traders have started accumulating undervalued AltCoins, including TAO, ENA, SEI, APT, SUI, NEAR, and GRT, to bet on a strong Rebound in the fourth quarter.