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Memecoins Rally as Traders Bet on Fed Rate Cut and U.S. Altcoin ETFs
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TL;DR
Memecoins are surging as traders anticipate a Fed rate cut and the potential approval of U.S. altcoin ETFs, leading to altcoin season indexes entering 'altseason' territory. The growing risk appetite due to expected rate cuts is driving capital into alternative cryptocurrencies.
Summary
Memecoins are surging as traders anticipate a Fed rate cut and the potential approval of U.S. altcoin ETFs, leading to altcoin season indexes entering 'altseason' territory. The growing risk appetite due to expected rate cuts is driving capital into alternative cryptocurrencies.
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