The Fed, which is stubborn, was finally seen through by economists. Reuters interviewed 65 out of 108 economists who said that the Fed will cut interest rates by 50 basis points in 2024! See, he still has to cut interest rates. Once the interest rates are cut, the US stock market will definitely soar, and the same venture capital cryptocurrency will also soar! This is inevitable, because the US interest rate cut is different from the Chinese interest rate cut. The US interest rate cut will definitely increase the stock market, but China may not.
According to a Reuters survey, 65 out of 108 economists said that the Fed will cut interest rates by 50 basis points in 2024, 17 believed that it will exceed 50 basis points, and one economist said that there will be no interest rate cut. (Reuters)
So, now we must ambush the bull market as soon as possible. We can't wait for the bull market to come and then get on the train. What I'm ambushing now is $ALT , which is the token of the #ALT再质押生态 project. I think this is a promising project. AltLayer (ALT) is the 55th mining project of Binance.
ALT users can earn base rewards by staking ALT tokens in the main reward pool, and delegate ALT tokens to different Launchpools by re-staking to win future rewards from projects such as Xterio, SWELL, DODO, etc.
AltLayer's core product, re-staked rollups, is undoubtedly a major innovation for current technology and consists of three key products:
VITAL: An active verification service (AVS) where operators verify blocks and corresponding states submitted by rollup sequencers and raise fraud proof challenges when necessary.
MACH: A protocol that provides faster rollup finality by allowing operators to re-stake Ethereum-based assets to support any claims about the rollup state.
SQUAD: Provides decentralized sorting with economic support. Decentralized sorting eliminates short-term vitality issues, poor MEV, rent extraction, and other issues associated with rollups operated by a single sequencer.
The re-staked ALT token "reALT" is now available, opening the second phase of the staking program! reALT is an auto-compounding ERC20 shared token that captures users’ ALT staking contributions and accumulates earned compound rewards. reALT is issued to users who stake ALT in the main staking pool.
Overall, I am very bullish on the modular blockchain theory, and I think AltLayer is very well positioned to take advantage of the development of this narrative.
