CandleFocus Whale Activity Surges for Fantom, Immutable X, and BAT After Fed Rate Cut
2024-09-20
Author: Content Editor
The recent interest rate cuts by the Federal Reserve have led to increased activity from large investors, known as whales, in altcoins like Fantom (FTM), Immutable X (IMX), and Basic Attention Token (BAT). This surge in transactions by whales suggests growing confidence in the potential of these altcoins. Fantom has experienced a significant increase in price, leading to speculation about it reaching the $1 mark. Immutable has faced resistance from a descending trendline, causing a gradual decline in price. Basic Attention Token has seen impressive growth since integrating with Brave Browser's ad platform. These altcoins are expected to perform well if Bitcoin and the broader cryptocurrency market continue to grow.
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