Goldman Sachs has predicted that the US Federal Reserve will trim interest rates three times this year, which could potentially benefit cryptocurrencies like Bitcoin and altcoins. The investment bank raised the number of expected rate cuts to three due to increased risks of a US economic recession. The Federal Reserve might be forced to lower rates to stimulate economic growth, following President Trump’s move to impose reciprocal tariffs on all countries. Data from the CME FedWatch Tool shows that most investors anticipate rate cuts in June, with 64% expecting a 25 basis point cut and 14% anticipating a 50 basis point cut.
In light of the potential rate cuts and favorable conditions for risk assets like cryptocurrencies, here are the top 4 altcoins to consider for significant gains. Ripple (XRP) is one of the top altcoins to buy amid the broader crypto market downturn. XRP has shown strength by maintaining a price level above $2, indicating potential market recovery if there is a reversal. BNB Coin (BNB) is also a strong contender, with the BNB Chain experiencing significant growth in trading volumes and user numbers. The price resilience of BNB suggests further potential growth, targeting the 78.6% Fibonacci level of $682.
Toncoin (TON) is outperforming the market with a 5.5% increase in 24 hours, driven by whale activity and increased transaction volumes. This makes TON one of the best altcoins to buy, with bullish price forecasts supported by the recent gains. Shiba Inu (SHIB) is another top altcoin to consider, despite a 2% decline in 24 hours. The surging burn rate of SHIB indicates a significant drop in supply, making it an attractive investment option. The bullish price prediction for SHIB further supports its potential for a 79% rally.
Overall, the predicted Federal Reserve rate cuts and the potential benefits for risk assets like altcoins make it a favorable time for crypto investors to consider buying XRP, BNB, TON, and SHIB. These altcoins have strong fundamentals and bullish outlooks, making them attractive investment options in the current market conditions. With the right strategy and market analysis, investors can potentially enjoy significant returns by investing in these altcoins.
