The trend of altcoins

Has further intensified the cryptocurrency market's move toward a major recession

In fact, it has lost its significance

From the rise of altcoins to now, we have returned to square one

It’s just repeated harvesting

Then hitting new lows

I believe there is not enough funding to support these vintage projects

The real economy is struggling globally

The real economy will definitely impact the virtual

This trend is only a matter of time

Conclusion

In the big picture, there will be more and more altcoins heading toward extinction

Even going to zero

As for interest rate cuts

I believe there won't be any cuts within this year