Two influential Federal Reserve officials have hinted that the Federal Reserve may start cutting interest rates as soon as in the July meeting, a move that would benefit crypto and the stock market. This article explores the top four crypto to buy if these rate cuts start.
Two Fed officials hint of a rate cut
The crypto market rallied on Tuesday after Donald Trump hinted of a potential ceasefire between Iran and Israel. His statement came two days after the US bombed three nuclear facilities in Iran, and a day after Iran launched a subtle response.
Michele Bowman and Christopher Waller, two Fed officials, have hinted that the Fed may start cutting rates as early as June this year. Bowman said:
“Should inflation pressures remain contained, I would support lowering the policy rate as soon as our next meeting in order to bring it closer to its neutral setting and to sustain a healthy labor market.”
Polymarket odds of an interest rate cut in 2025 have jumped to 84%. Still, it is unclear whether these cuts will happen in July, as most officials hinted that the Fed would maintain a wait-and-see attitude.
Best crypto to buy if the Fed slashed interest rates
Some of the best crypto to buy if the Fed slashed interest rates are Uniswap (UNI), Hyperliquid (HYPE), Sei (SEI), and Tron (TRX).
Uniswap (UNI)
Uniswap, the second-biggest decentralized exchange, is one of the best crypto to buy if the crypto bull run happens. Data shows that its network handled over $88 billion in the last 30 days, and over $3 billion in the last 24 hours. This volume will likely soar if cryptocurrencies rebound.
More data shows that Unichain, its layer-2 network, is firing on all cylinders as its volume surges. Protocols in its network handled over $6.15 billion in the last 30 days. Further, Unichain’s total value locked (TVL) jumped by 110% in the last 30 days to over $1.1 billion, while the stablecoin supply rose to $343 million. These fundamentals may help to boost Uniswap price.
Hyperliquid (HYPE)
Hyperliquid is another crypto to buy if the Fed starts cutting interest rate. Its perpetual exchange platform has gained steam in the past few months.
Data shows that Hyperliquid’s total volume jumped to over $234 billion in the last 30 days and $12 billion in the last 24 hours. This growth makes it one of the top players in the crypto industry.
Hypeliquid’s layer-1 network is also doing well as its TVL jumped by 34% in the last 30 days to over $2 billion. Its stablecoin volume has risen to over $3.7 billion, higher than popular names like Polygon and Cardano.
Tron (TRX)
Tron is another top crypto to buy for substantial gains if the Federal Reserve slashes interest rates. The main reason is that Tron’s stablecoin volume has jumped in the past few months.
Artemis data shows that the adjusted stablecoin volume in the last 30 days jumped to over $634 billion, while the number of stablecoin addresses have jumped to over 10.1 million.
Tron is also preparing to go public in the United States. On top of this, it is one of the most deflationary tokens because of its token burns.
Sei (SEI)
Sei is another top crypto to buy because of its solid fundamentals. Its DeFi total value locked (TVL) has jumped by over 8% in the last 30 days to over $587 million. Its stablecoin market cap has jumped to $228 million.
While Sei is growing in the DeFi industry, most of its growth is happening in the gaming industry, where it has become the biggest chain in the fast-growing sector. It has overtaken popular players in the gaming sector like WAX, Ronin, and Immutable.
Other top altcoins to buy
The other top altcoins to buy and hold ahead of Federal Reserve interest rate cuts that combine solid fundamentals and technicals are Solana (SOL), Sui (SUI), Kaia (KAIA), and Stellar (XLM).
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