Top Cryptos to Consider Now: These 5 Coins Thrived After Wednesday's FOMC

Despite no rate cuts being expected, Wednesday's FOMC had a positive impact on the crypto market. 

Several major cryptocurrencies that were at critical support and resistance levels experienced bullish rebounds. Bitcoin, for instance, is now attempting to surpass the $105,000 resistance, putting it back on the radar of experts as one of the top cryptos to buy.

Moreover, Fed Chair Jerome Powell reassured that the central bank is not opposed to Bitcoin or crypto innovation, indicating that banks are free to cater to crypto clients as long as they manage associated risks.  

BREAKING: 🇺🇸 Fed Chair Jerome Powell: "Banks can freely serve crypto customers." With President Trump, a new Bitcoin era is unfolding. You’re not bullish enough. pic.twitter.com/97uR9MbNj0

— Michael Saylor ⚡ Founder of MicroStrategy (Parody) (@Saylorsatsire) January 29, 2025

5 Cryptocurrencies That Gained from Wednesday’s FOMC

The latest FOMC meeting, especially the comments from Jerome Powell afterward, significantly boosted the crypto market. Here are five coins that saw the most benefits. 

Bitcoin (BTC)

Following Powell's press conference, the US Dollar Index (DXY) saw a notable drop. After reaching a peak of 108.16, it fell to 107.79. 

Consequently, Bitcoin has surged past the $105,000 resistance level and is now aiming to close both daily and monthly above this mark. 

Bitcoin should be on investors' radar again as one of the best cryptos to buy, especially if it closes the month above $105k. Renowned trader Bluntz believes BTC has completed its A-B-C corrective wave and is poised for a rally to $128,000. 

$btc looking like that last pullback was an abc and this leg is about to extend once again.

should look something like this when all's said and done imo. pic.twitter.com/NTa6KfNc3K

— Bluntz (@Bluntz_Capital) January 30, 2025

Ethereum (ETH)

Ethereum (ETH) is also showing remarkable bullish momentum following the FOMC meeting. 

For the first time since November 2024, Ethereum has moved above its 99-day Smoothed Moving Average and its 50-week Simple Moving Average. 

Additionally, a falling wedge pattern along with bullish divergence on the daily chart points to a potential rally towards $4000. 

Experts also note a "Power of 3" pattern forming, which could lead to a surge up to $4,800. 

It is time. $ETH pic.twitter.com/ftmmneXHlt

— Poseidon (@CryptoPoseidonn) January 29, 2025

Dogecoin (DOGE)

Dogecoin's price has risen by 4% on Thursday, and it's up nearly 6.5% from its Wednesday lows. 

Renowned analyst Ali Martinez points out that DOGE has broken out of a symmetrical triangle on its hourly chart, potentially paving the way for a rise to $0.36.

#Dogecoin $DOGE appears to have broken out of a symmetrical triangle, targeting $0.36! pic.twitter.com/Inx2spKBa7

— Ali (@ali_charts) January 30, 2025

Dogecoin remains a popular choice among experts for top cryptos to buy, with many believing the leading meme coin will reach $1. 

Pepe (PEPE)

Pepe often mirrors Ethereum's movements, and with ETH showing bullish momentum, Pepe is also on the verge of a major breakout. 

The creation of higher lows in its shorter timeframes has led to the frog meme coin jumping 7% on Thursday. 

Notable analyst Unknown Trader has taken a long position on Pepe, anticipating a potential rise to $0.000016. 

#PEPE $PEPE LONG TRADE

ENTRY: 0.00001277 - 0.00001245

TARGETS: 0.0000138 - 0.0000165

STOPLOSS: 0.000012045 pic.twitter.com/aNQWKIBaGz

— UNKNOWN TRADER (@Learnernoearner) January 30, 2025

Meme Coins with Low Market Caps

Jerome Powell's dovish stance during the FOMC has been advantageous for low-cap crypto assets. 

Today, for instance, a new meme coin called $JELLYJELLY skyrocketed from a $100k to $100 million market cap in just one hour. 

https://x.com/morpheuswhale/status/1884761308626591797

Smart investors are also targeting significant returns from Solaxy (SOLX), a meme coin that has already raised over $16 million in its ICO. 

Although it started as a meme coin, Solaxy is a high-utility project that could revolutionize the Solana ecosystem. It's the first major layer-2 project on Solana designed to address network congestion, downtime, and scalability issues using roll-up architecture. 

Given its ambitious objectives, it's no wonder that experts consider SOLX undervalued during its presale, with potential gains of up to 100x. 

Visit Solaxy Presale