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Will Altcoin Season Begin? Analytics Company Gives Its Opinion

Will Altcoin Season Begin? Analytics Company Gives Its Opinion
According to analysts at Presto Research, the recent decision by the Federal Reserve to cut interest rates by 0.5% could lead to a resurgence of altcoins. Altcoins have struggled in the beginning of 2024 due to higher yields in traditional finance investments. However, with lower interest rates, on-chain yields for altcoins may become more attractive to investors, potentially leading to a recovery in the altcoin market. The Federal Reserve's rate cut has already had a positive impact on both the crypto and stock markets, with Bitcoin experiencing significant gains. It is important to note that this information is not investment advice.

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