Memecoins
Best Memecoins to Buy After US Fed Meeting
Major memecoins posted gains after the results of the US Fed meeting, which saw the Federal Reserve maintain interest rates. Coins saw capital inflows over the past 24 hours as positive institutional investor sentiment emerged.
Last week saw rapid exits from the broader market as tokens plunged to multi-month lows. Bitcoin fell below $60,000, with some altcoins and memecoins posting similar plummeting numbers. Overall, memecoins experienced outflows as investors withdrew funds from risky assets.
In light of recent gains across multiple quarters, here are the best memecoins to buy following the Fed’s decision to leave interest rates unchanged.
Dogecoin (DOGE)
The leading memecoin remains an asset to buy despite previous market lows. DOGE is up 4.8% today, slightly erasing previous losses this week. Over the past seven days, the asset is down 12.6% and 29.3% this month.
Although these long-term gains are small, Dogecoin is known for its surges leading to bullish projections of the asset surpassing the $1 mark.
Shiba Inu (SHIB)
Shiba Inu is among the booming assets with a total market capitalization of $13.2 billion and a daily trading volume of over $816 million. The price of SHIB is up 6.8% compared to the previous day, although the weekly and monthly figures are in the red zone.
Positive sentiments can stimulate upward momentum in the asset price after the Fed meeting as crypto assets and top memecoins accelerate. SHIB bulls continue to rally and project gains this year from the upcoming bull run.
Dog Hat (WIF)
Solana memecoin dogwifhat is one of the best memecoins and a community favorite. WIF is up 13.7% today after weeks of slump. The memecoin has a market capitalization of $2.7 billion and trading volumes of $690 million. Solana memecoins are also skyrocketing with the price of GROUND. Currently, SOL is trading at $137, up 11% today, pushing weekly losses to less than 4%.
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