Altcoins Rally on Hopes of Lower Rates and Regulatory Progress
-
Altcoins like BNB, Hedera, VeChain, and Internet Computer posted double-digit percentage gains this week.
-
The rally continues due to positive macro factors like declining inflation and potential interest rate cuts.
-
Lower inflation opens the door for the Fed to cut interest rates, which encourages more risk-taking by investors.
-
Regulatory approval for spot cryptocurrency ETFs could allow easier crypto investing and further boost prices.
-
While altcoins have practical uses, few have proved able to produce steady profits like the anchors of blockchain systems.