Will Crypto Survive the FOMC Meeting Today? Best Altcoins to Buy Now

The latest FOMC meeting wraps up today, and the US Federal Reserve is widely anticipated to lower its main interest rate. But while many traders expected a rally leading up to the meeting, cryptocurrency prices have slightly declined over the past 24 hours.

Bitcoin is down 2.1%, Ethereum is down 4%, and top altcoin projects like BNB, Cardano, and Dogecoin are following suit. This begs the question: will crypto survive the FOMC meeting, or are further dips ahead?

Typically, interest rate cuts are a bullish driver for cryptocurrency prices because they lower borrowing costs, which tends to increase liquidity in risk markets. Additionally, they reduce the attractiveness of risk-off assets like treasuries and bonds, which pushes investors to rotate capital into risk-on positions.

While prices may be down today, the market is hopeful that the upcoming rate cut could be a long-term positive for crypto. But if so, which are the best altcoins to buy now? Let’s review the current market dynamics, how FOMC could influence prices, and which cryptocurrencies look poised for the biggest gains.

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Pre-FOMC Consolidation Ahead of November Rally?

Crypto prices are mostly down on the day so far, but it’s important to zoom out a little more to understand the full scale of what is happening. The October 10 liquidation event, which wiped out $19 billion of leverage positions in a single day, shattered market confidence – and such a cataclysmic event was never going to fully recover within just three weeks.

Nevertheless, prices have gradually shown strength over the last couple of weeks – for instance, Bitcoin rallied from $104,000 lows on October 14 to $116,000 on Monday. And while BTC has slightly fallen since then, dropping to around $113,000 at press time, it’s forming concrete support above $112,000. This suggests that today’s dip is part of a consolidation phase as traders wait for the final word from the Fed before potentially starting a new rally.

Polymarket data shows a 98% chance of a 25 basis point cut at today’s FOMC meeting, and it also predicts an 86% percent chance of another rate cut at the committee’s December meeting.

The analyst Cas Abbe says that these cuts, along with expectations that the Fed will end quantitative tightening, have “historically been bullish for risk-on assets,” adding that “we could see the beginning of an uptrend soon.”

So rather than the market merely surviving the upcoming FOMC, the event might actually fuel the next major rally. As such, here are the three cryptos that show the biggest potential for big gains right now:

Hyperliquid (HYPE)

Hyperliquid is a Layer 1 blockchain focused on perpetual futures trading. These days, if there’s a big move in the futures market, it typically involves Hyperliquid, with its deep liquidity and seamless user interface making it the preferred hub for both sophisticated and retail derivatives traders.

This month, volume on perpetual futures DEXs has hit a new all-time high (ATH) of $1.22 trillion. And while two other platforms (Lighter and Aster) have accumulated more volume, Hyperliquid remains the strongest-performing token by far.

HYPE’s price has increased by 35% week-on-week while most other large-cap cryptos have been struggling, which demonstrates remarkable strength. So if the market rallies on the backdrop of the upcoming rate cut, Hyperliquid’s robust fundamentals and narrative alignment could help attract huge gains.

Bitcoin Hyper (HYPER)

When it comes to projects demonstrating relative strength, Bitcoin Hyper is another that’s shining bright. It’s developing the world’s fastest Bitcoin Layer 2 blockchain, leveraging the Solana Virtual Machine to process thousands of transactions per second.

Using the SVM also allows Bitcoin Hyper to be interoperable with Solana and support smart contracts, paving the way for innovative use cases ranging from meme coins to real-world asset tokenization.

The project also guarantees security through ZK-rollups, which are cryptographic proofs that periodically report the L2’s state back to the Bitcoin Layer 1 for finality. This provides Bitcoin-level immutability and neutrality, making it a potential go-to network for mission-critical smart contract operations.

Unsurprisingly, Bitcoin Hyper’s use case is creating a significant buzz, with its ongoing presale raising over $25 million and staking yields up to 47% APY. Not only does that presale success indicate strong support from investors, but it also gives the team the startup capital needed to truly make an impact.

Maxi Doge

Maxi Doge is a new project aiming to push the meme coin sector toward what’s being called “Meme 2.0,” a movement representing the next wave of meme-driven assets that blend viral culture with real utility and community incentives.

The project is branded as Dogecoin’s futures trading degen cousin, Maxi the Dog, who breathes 1000x leverage and calls risk management “beta.” The only thing that excites Maxi more than high-stakes trading is tossing barbells around the gym like they’re pillows.

Maxi Doge embodies the crossroads where memes meet crypto bro culture – but the project doesn’t stop at branding. It also introduces real utilities such as staking (80% APY) and plans to integrate MAXI into futures trading platforms, creating new ways for the token to be used.

It’ll also run multiple reward initiatives, including weekly trading competitions and community activation events. Maxi Doge is meant to be more than just a joke token; it’s an active ecosystem for bros who think big.

MAXI is also undergoing a presale, having raised $3.8 million so far, demonstrating strong demand but leaving plenty of room for growth.

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