With the coming of a substantial interest rate cut, these cryptocurrencies may take the lead
The interest rate cut cycle has begun, and the next market trend has been clear, but it still needs time to brew. Similar to some stocks, there will be seasonal trends. For example, in the past 9 years, Bitcoin has achieved strong positive returns from 2015 to 2023, except for the decline in October 2018 due to the bear market.
1. People
The full name is ConstitutionDAO Coin, which is the native token of ConstitutionDAO. Its birth is closely related to the plan to bid for a copy of the US Constitution. It belongs to the US election sector. The hype may continue until the end of the election in November. The current market value is 400 million. It currently maintains community interest and shows price growth potential. It adopts a pure deflationary token model with a total issuance of 5.067 billion and a circulation rate of 100%
2. SOL
Solana is on par with other platforms such as Ethereum and Cardano, focusing on transaction speed and supporting decentralized applications. SOL is the token of Solana. Sol’s annual developer conference will be held on September 20th, and there are only 2 days left! The project party releases important updates at the conference every year, which is exciting.
According to Artemis data, the Solana network added more than 5.4 million new addresses on Tuesday, setting a record high for the growth of active addresses in a single day. In addition, Solana’s daily transaction volume continues to rise, increasing by 22% to 40.3 million transactions between September 8th and 9th. This growth has helped alleviate the pressure of declining network fees since August.
3. Toncoin (TON)
Recently, important projects such as Dot Earn and Launchpool launched by An have greatly increased TON’s popularity and driven this growth. For example, CATI and HMSTR have brought a large number of new users to the TON ecosystem. The number of addresses has increased sharply, reaching a peak of 950,000 addresses.
Previously, TON rebounded quickly after a pullback from $8.22 to $4.5, and re-stood on the 200-day moving average, which created favorable conditions for further gains in the future.
