The expectation of interest rate cuts is driving the market to pump, with XRP, Solana, and Avalanche expected to experience explosive rises.

With the market buoyed by expectations of lower U.S. inflation data and an impending rate cut by the Fed, the cryptocurrency market has generally been uplifted. Bitcoin and Ether rose by 1.5% and 2.2%, respectively, with the total market capitalization reaching $4.057 trillion. In this bullish trend, specific tokens such as Avalanche, XRP, and Solana have stood out, with their upward momentum not only stemming from favorable macro conditions but also benefiting from positive developments in their respective fundamentals. This article will delve into the bullish prospects of these three tokens.

Macroeconomic Favourable Information: Interest Rate Cut Expectations Drive Market Pump

Investor expectations for a rate cut by the Fed next week (September 16-17) have brought significant bullish sentiment to today's crypto market. Many market observers believe that the upcoming US inflation data will increase the likelihood of the Fed easing monetary policy.

XRP: Partnerships and ETF Hopes

As the third largest altcoin by market capitalization, XRP rose to $3.02 today, increasing by 2% in the last 24 hours and 6% over the past 7 days. Although its price fell by 4% last month, this actually indicates that it is recovering from an oversold state, with greater potential for future rises.

The bullish prospects of XRP are mainly based on its fundamentals:

Partnership: Ripple has signed a cooperation agreement with the Spanish bank BBVA this week to provide digital asset custody services. This move is another example of Ripple actively expanding its market after ending its legal dispute with the SEC.

ETF Approval: The article points out that if the SEC approves numerous XRP ETF applications, the price of XRP will rise significantly, potentially breaking through $5 by the end of this year. According to recent developments, the SEC has postponed the final decision on several XRP ETF applications until October and November, which will be a critical time window for determining the future trend of XRP.

Solana (SOL): Network Growth and ETF Approval

The past few weeks have been a harvest period for Solana, with its price rising 2.5% in 24 hours, 8.5% in a week, and 28% in a month.

Network Growth: Solana's success is attributed to its strong fundamental growth. It has become the second largest Layer-1 network by Total Value Locked (TVL), demonstrating its increasing user adoption rate.

ETF Approval: The article cites the views of Bloomberg analysts, who believe that multiple SOL ETF applications, including those from Grayscale and VanEck, have a 95% approval probability. If approved, this will inject significant momentum into SOL's bullish outlook.

Price Outlook: The article predicts that the Solana price may return to $250 by the end of this month and sprint to $400 or even higher before the end of December.

Avalanche (AVAX): Capital injection and technological breakthrough

AVAX rose 8% today to $28.95, with increases of 17% and 26% over the past week and month, respectively, making it one of the best-performing mainstream tokens during the same period.

Technical Breakthrough: Analysts have noted that AVAX has just broken through a consolidation period lasting 213 days, indicating a strong rebound may occur in the coming weeks.

Favourable Information for Capital: The Avalanche Foundation plans to raise $1 billion for two AVAX asset management companies, and these funds will be used to purchase AVAX Tokens. This news, combined with the two AVAX ETF applications waiting for SEC approval, could be a key factor driving the surge in Avalanche prices.

Price Outlook: Although AVAX may face a slight pullback this weekend, the article predicts that as the Fed takes action (or market sentiment improves), its price is expected to return to $50 before the end of October, and if the ETF is approved, it may even reach $100 in December.

Conclusion

This article indicates that although the rise of Bitcoin and Ethereum has laid a solid foundation for the crypto market, the real growth potential may be hidden in altcoins like XRP, Solana, and Avalanche that have strong fundamental narratives. The progress these tokens have made in partnerships, network growth, capital inflow, and ETF approvals is distinguishing them from the macro trends of the broader market. While the macro favourable information (interest rate cuts) has not occurred as expected in the article, the independent driving force exhibited by these projects still makes them a focal point worth paying attention to in the future.