10x Research: After the interest rate cut, market trends have changed, and traders are accumulating altcoins such as TAO, ENA, SEI, APT, SUI, NEAR, and GRT
ChainCatcher news, 10x Research stated in its market analysis that there has been a significant shift in market trends following the Federal Reserve's interest rate cuts, with investors' preference for DeFi and high beta assets beginning to rise. Several key themes emerged at the Token2049 conference, hinting at the impact of interest rate cuts on the revival of DeFi, such as the tokenization of real assets showing a decreased market demand for on-chain tokens similar to government bonds, as lower interest rates have made them less attractive.As Bitcoin breaks through $60,000 and aims for $65,000, savvy traders have begun accumulating undervalued altcoins, including TAO, ENA, SEI, APT, SUI, NEAR, and GRT, betting on a strong rebound in the fourth quarter.