The upcoming FOMC meeting in the United States on December 10 is expected to result in a 25 basis point cut, which could bring interest rates down to 3.50% – 3.75%, potentially benefiting the crypto market significantly.

Currently, there is a 87.2% chance that interest rates will be lowered, while there is a 12.8% chance that interest rates will not be lowered. If the former happens, cryptocurrencies may rise as lower interest rates tend to attract investment in risky assets like crypto. However, if there is a hard surprise, it may pressure demand, especially when Bitcoin drops 20% within 90 days.

Thus, ahead of the meeting, BeInCrypto has analyzed three altcoins that may benefit from the Fed's interest rate cuts

Fartcoin (FARTCOIN)

FARTCOIN has become a strong performer this week, increasing by 32% over the seven days despite poor market conditions. This altcoin is currently trading at USD 0.404 and continues to show resilience as overall sentiment tries to stabilize

RSI indicates strong upward movement, with the indicator above the midpoint. This trend may support further climbs, potentially bringing FARTCOIN to USD 0.417 and possibly to USD 0.470 if buyers maintain offers and market signals remain stable

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If the anticipated interest rate cuts fail to boost confidence, FARTCOIN may struggle to expand its gains. Losing momentum could push prices below USD 0.358, which could risk a drop to USD 0.320 or even USD 0.280, confirming the bullish outlook as unattainable

Bitcoin Cash (BCH)

Bitcoin Cash has risen nearly 11% this week, making it a key altcoin to watch as the market prepares for a potential response to interest rate cuts. As a name shared with Bitcoin, BCH often moves in line with BTC's momentum, so BTC's rise could directly impact BCH's price movement

Parabolic SAR confirms the emerging bullish trend, signaling strong ongoing momentum. If this strength persists, BCH could push towards 624 USD, which would only occur if it can turn 593 USD back into a solid support level. Successfully managing this period is crucial for expanding the recovery

If investors shift to take profits, BCH may be at risk of a quick reversal. Losing support at 593 USD could send the altcoin down to 555 USD or even lower, which would render the bullish outlook meaningless and open the door for BCH to be under pressure with deeper corrections

Double Zero (2Z)

The price of 2Z has increased by 21%, pushing the altcoin into the top 100 leading crypto assets. It is currently trading at 0.1382 USD, just below the resistance at 0.1433 USD. Maintaining this range is crucial as the broader market begins to gain momentum

MACD signals a stronger bullish momentum, which could expand if interest rate cuts stimulate further increases. Successfully passing 0.1433 USD could pave the way to 0.1581 USD, supported by better technical conditions and market improvements

If uncertainty overwhelms or when investors sell during a strong price period, 2Z may face a reversal problem. Prices dropping to 0.1296 USD or even 0.1199 USD would nullify the bullish outlook and open up altcoins to risks from deeper correction pressure