The probability of a Federal Reserve rate cut in October has surged to 94.6%, according to Coinbullet, sparking optimism in the altcoin market. This development is seen as a potential catalyst for increased liquidity, which could enhance blockchain adoption and benefit specific altcoins.
Hedera (HBAR), IOTA (MIOTA), XDC Network (XDC), Algorand (ALGO), and Cardano (ADA) are highlighted as key beneficiaries due to their technological capabilities and real-world applications. Analysts believe these altcoins are well-positioned to capitalize on the anticipated economic conditions.
Fed Rate Cut Odds at 94.6% Boost Altcoin Market Sentiment
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