Altcoins, including TRX, LINK, BNB, and PEPE, surged by double digits amid economic fears

From Nasdaq: 2024-08-23 18:12:35

Crypto market heats up in late summer with double-digit gains across various coins and tokens. TRX up 19%, LINK up 17%, BNB up 13%, and PEPE up 18%. Economic fears prompt demand for Fed rate cuts, but recent data shows signs of improvement in CPI and LEI readings. Fed Chair Powell signals potential rate cuts in the near future at annual retreat. TRON not among top 10 stocks recommended by Motley Fool analysts, highlighting other investment opportunities. Stock Advisor service shows considerable returns, outperforming S&P 500 since 2002.



Read more at Nasdaq: Why Altcoins Surged Ahead by Double Digits This Week