Santiment: Don't Fall for the Decline in Altcoins! These Names Can Quickly Recover - Coin Bulletin

According to the analysis of the blockchain analysis platform Santiment, the movement in the altcoin market may have created a new buying opportunity for investors.

After the Fed's latest interest rate cut decision, cryptocurrency and stock investors became concerned about the prediction that interest rate cuts for 2025 will be halved. This situation has led to significant selling pressure, especially in altcoins.

There have been major declines in altcoins.

The altcoin market experienced significant losses in the past few hours. Leading assets such as Avalanche (AVAX), Chainlink (LINK), and Litecoin (LTC) suffered a 16% decline, while Pepe (PEPE) dropped by 17%. Overall, the market's total value decreased by 4.4% last week, falling to the level of 3.95 trillion dollars.

However, the trading volume increased by 23% to $781.5 billion in the last seven days, indicating that the market has been more active due to high volatility.

Is it a buying opportunity from the bottom?

According to the evaluation made by Santiment, these declines may be an excessive reaction for the market. Especially, projects experiencing the biggest declines may offer a buying opportunity from the bottom in the long term. However, investors need to closely monitor market dynamics and the Fed's future moves.

Federal Reserve Chairman Jerome Powell's forecast of fewer interest rate cuts for 2025 has put pressure on both crypto and traditional markets. Investors are trying to assess the impact of Powell's 'hawkish' approach on the economy.