🔸Today we woke up to a somewhat active market, especially if we take a look at Cardano (ADA) and XRP, which were the ones that fell the most among the big players. What’s the main reason? We are all waiting for the decision of the U.S. Federal Reserve on interest rates. Although most believe they won’t change anything, Jerome Powell's words after the meeting could give us a clear idea of where things are heading and how we should move our pieces.
On the other hand, $BTC remains above $94,000. This gives us a signal of some stability amidst the general uncertainty. Ether and Dogecoin also had small declines, reflecting the caution felt in the environment.
But here comes the interesting part: DeFi is making waves! Tokens like AAVE and CRV are seeing an increase in demand. It seems that people are starting to look for projects with solid foundations and real use, putting the hype of memecoins somewhat aside. This is good news, as it speaks of a market that is maturing and seeking true long-term value.
So, the key this week lies in what the Fed says. In the meantime, let’s keep an eye on DeFi, which could continue to rise. Stay tuned and make smart moves!😉