With its price climbing 17% over the past seven days, Avalanche (AVAX) has lately been on a winning run. Right now, the cryptocurrency is trading at $28.12, up 7% over the past 24 hours alone. This abrupt increase fits a larger recovery across the crypto market driven by a significant shift in the US financial scene: the Federal Reserve’s decision to lower interest rates. Related Reading: XRP Price Surge Could Hit 9,470% — Analyst Predicts $27 Target In Bold Forecast The Fed lowered interest rates by 50 basis points on September 18, therefore defining the new range as 4.75%-5%. Aimed at helping to lower inflation and increase economic development, the Fed’s decision to drop rates is the first one in four years. Although the cut was anticipated, it nonetheless caused volatility in both conventional and cryptocurrency markets; AVAX turned up as one of the best performers. AVAX’s price projection is still quite positive meantime. With the cryptocurrency selling 227% below projected price projections for next month, a major surge could be just around the corner. DeFi Powerhouse In The Making The current price in ..
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 Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook){kind=link}