- $TAO under $300
- $SOL below $150
- $NAKA around $1
- $RENDER near $5
- $RIO steady at 70 cents
- $BTC and $ETH still below their all-time highs
These low prices on key altcoins are catching everyone’s attention. But what's next for the market? Could a potential rate cut in September 2024 spark the next upward trend? 📈
Remember when rate cuts hit in March 2020 during the Covid crash? Bitcoin skyrocketed from $6K to $60K, giving a 10X return to those who held on.
However, expecting another 10X from here is a bit optimistic. The market has matured, and conditions are different now, but a significant trend shift is still on the table.
If rate cuts happen soon, it could inject fresh capital into Bitcoin and the broader asset market, potentially driving momentum. Key levels on BTC and major altcoins are more critical to watch than ever.
While we might not see another parabolic rally like in 2020, this could mark the beginning of a new uptrend. With altcoins at bargain prices, this might be the perfect time for accumulation, positioning for the next leg up.
What do you think? Is the market about to wake up?
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