VET market capitalization falls below 1 billion USD, can the Fed's interest rate cut become a lifeline?

[Coin World] VeChain has taken quite a hit this time, with its market capitalization now just over $1 billion, dropping directly to the 97th rank. Although it rebounded by 2.2% today, over the past week it has still fallen by 8.4%, and since the peak last December, it has essentially undergone a 50% Slump again—evaporating a total of 75.4%. This trend basically follows the rhythm of BTC, as BTC has also been struggling around $86,000 lately.

However, some believe that a turning point is coming soon. The probability of the Federal Reserve lowering interest rates by 25 basis points this month is as high as 87.2%. If it actually happens, market liquidity will improve, and coins like VET may attract funds. Now it all depends on the macroeconomic policy.