10x Research: The market trend has changed after the rate cut, and traders are accumulating altcoins such as TAO, ENA, SEI, APT, SUI, NEAR and GRT

10x Research said in its market analysis that the market trend has changed significantly after the Fed's rate cut, and investors' preference for DeFi and high-beta assets has begun to rise. Several key themes emerged at the Token2049 conference, hinting at the impact of rate cuts on the DeFi revival, such as the tokenization of physical assets, which showed a decrease in market demand for treasury-type on-chain tokens, as lower interest rates made them no longer attractive. As Bitcoin breaks through $60,000 and targets $65,000, savvy traders have begun to accumulate undervalued altcoins, including TAO, ENA, SEI, APT, SUI, NEAR, and GRT, betting on a strong rebound in the fourth quarter.