"‘Altcoin season, need to wait for confirmed interest rate cuts in August or September’"
Summary
- Jack Lee, founder of LD Capital, said that in order for the altcoin season to arrive, we need to wait until August or September when an interest rate cut is confirmed.
- He stated that now is a good time to track dark horse projects, and that a very small number of tokens will bring huge profits.
- According to CME FedWatch, the probability of an interest rate cut at the September FOMC is measured at 64.8%.
As market interest in the altcoin season grows, there are opinions that the altcoin season may arrive alongside a base rate cut expected in August or September.
On the 14th (KST), Jack Lee, the founder of LD Capital, stated on X (formerly Twitter), "Everyone is showing interest in the altcoin season," adding, "(Personally) I expect that liquidity supply will not begin until the interest rate cut is confirmed in August or September, so we should wait until then."
He continued, "Currently, it’s a good time to track dark horse projects," and added, "A very small number of tokens will bring enormous returns."
Meanwhile, as of 11:29 a.m. today, according to CME FedWatch, the probability of an interest rate cut at the FOMC in September is estimated at 64.8%.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
