In its market analysis, 10x Research said that after the Federal Reserve cut interest rates, the market trend has changed significantly, and investors' preference for DeFi and high-beta assets has begun to rise. Several key themes emerged at the Token2049 conference, hinting at the impact of interest rate cuts on the revival of DeFi. For example, the tokenization of physical assets showed that the market demand for tokens on the Treasury chain has decreased, because lower interest rates have made them no longer attractive.
With Bitcoin breaking through $60,000 and targeting $65,000, savvy traders have started accumulating undervalued counterfeit products including TAO, ENA, SEI, APT, SUI, NEAR and GRT to bet on a strong rally in the fourth quarter.
10X Research: After the interest rate cut, the market trend has changed significantly, and traders are accumulating counterfeit products such as TAO, ENA, SEI, APT, etc
2024-09-25 02:12:20
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