Krutika Adani
The US Federal Reserve will likely cut interest rates at its next meeting between 17 and 18 September 2024.
Though there is less possibility of a 0.5% rate cut, yet if it happens, it may send cryptocurrencies rallying into an alt season.
Top cryptos that could benefit from the alt season are XRP, Solana, Ton, BNB, and Shiba Inu.
The altcoin index could be a great tool for understanding the overall momentum of the altcoin season and making informed decisions.
To benefit the most, users should be cautious to avoid getting stuck in bull traps and false rallies.