Top memecoins have recorded gains after the outcome of the US Fed Meeting which saw the Federal Reserves maintaining interest rates. Memecoins saw inflows in the last 24 hours as positive institutional investor sentiment emerged. 

Last week saw rapid outflows from the wider market as tokens plunged to lows but recorded in months. Bitcoin plummeted below $60,000 with some altcoins and memecoins posting similar plummeting numbers. Overall, memecoins saw exits as investors removed funds from risky assets.

In light of recent gains picked up in several quarters, here are top memecoin to buy following the Fed’s decision to leave interest rates unchanged. 

Dogecoin (DOGE) 

The leading memecoin remains an asset to buy despite previous lows in the market. DOGE is up 4.8% today slightly wiping out previous losses this week. In the last seven days, the asset is down 12.6%  and 29.3% this month. 

While these long-term gains are low, Dogecoin is known for uphill runs leading to bullish projections of the asset soaring above the $1 mark. 

Shiba Inu (SHIB) 

Shiba Inu is among the soaring assets with a total market capitalization of $13.2 billion and a daily trading volume of over $816 million. The price of SHIB is 6.8% up from the previous day although weekly and monthly figures stand in the red zone. 

Positive sentiments can spur an upward momentum in the asset’s price after the Fed meeting as crypto assets and top memecoins pick up the pace. SHIB bulls continue to rally and project gains this year on the back of the next bull run. 

Dogwifhat (WIF)

Solana memecoin dogwifhat is among top memecoins and a community favorite asset. WIF is up 13.7% today after weeks in the doldrums. The memecoin has a $2.7 billion market capitalization with trading volumes at $690 million. Solana memecoins also soar with the price of SOL. At the moment, SOL trades at $137, an 11% increase today pushing weekly losses under 4%. 

Read Also: US Fed Meeting Highlights: Markets Await Crucial Interest Rates Decision 

The post Top Memecoins To Buy Post US Fed Meeting appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am