Best Penny Crypto to Buy Following Big FOMC and XRP vs SEC News

The FOMC announced yesterday that they're keeping interest rates unchanged at 4.25%-4.50%. They also noted that inflation is still running high

The FOMC announced yesterday that they’re keeping interest rates unchanged at 4.25%-4.50%. They also noted that inflation is still running high, raising their yearly projection to 2.7%, up from the previous 2.5% forecast.

This news comes as no surprise, considering the Consumer Price Index (CPI) rose 0.2% in February, higher than the expected decline of 0.1%. However, the year-over-year reading came in at 3.8%, lower than the anticipated 4.0% decrease.

Following this announcement, the Federal Reserve officials will now turn their attention to the labor market and other economic indicators to guide their upcoming monetary policy decisions at the June meeting.

The latest jobs report showed a surprising decrease in February, with payrolls declining by 30,000 compared to economists’ predictions of an increase of 198,000. Moreover, January's payrolls were revised downward from 153,000 to 127,000.

In other big news, the SEC has decided to drop its appeal against Ripple Labs, effectively ending their four-year court battle over XRP’s classification.

The legal saga began in December 2020 when the SEC sued Ripple Labs, claiming that the company engaged in an unregistered securities offering by selling XRP to the public without proper registration.

The apex court ruled in favor of dismissing the SEC's claims that Factor LLC's used in selling XCN were securities.

The ruling also noted that the economic realities of the transactions, considering the lack of control over Factor LLC and the absence of a common enterprise, supported the conclusion that the used in selling XCN were not securities.

The Best Penny Crypto to Buy Following Big FOMC and XRP/SEC News

Both news events appear positive for crypto, at least in the short term. So what’s the best penny crypto to consider as the broader market prepares for a potential recovery?

Solaxy's SOLX token could be your answer, currently priced at just $0.001668 in its viral crypto presale. It’s also planned to launch in just a few weeks.

Solaxy functions as a layer-2 solution for Solana. For comparison, Ethereum's layer-2 project 'Pepe Unchained' experienced an 8x price increase post-launch following its successful presale that raised over $60 million.

Why Is Solaxy The Best Altcoin to Buy Now?

Solaxy is built as a Layer-2 scaling solution that addresses Solana's network congestion and scalability limitations while improving interoperability with Ethereum. The platform processes transactions off-chain through a rollup-based system before settling them on Solana's mainnet, which helps reduce congestion, lower fees, and improve transaction finality. Don't forget also that layer-2 tokens tend to pump during bull runs as layer-1 become too congested.

Solaxy's platform comes with several important features. It includes a multi-chain bridge that allows users to move assets smoothly between Solana and Ethereum, bringing together Ethereum's deep liquidity and Solana's fast transaction speeds.

The system also uses predictive analytics to watch network activity, helping it spot potential bottlenecks before they happen and keep things running smoothly during busy periods. For security, Solaxy maintains Solana's built-in Layer-1 protections while also getting additional security checks from audit firms like Coinsult.

The way Solaxy works is pretty straightforward. First, users lock up their assets on the original chain, such as Ethereum. Then, equivalent synthetic assets are created on the destination chain, like Solana. To ensure everything is legitimate, zero-knowledge proofs are used to verify all transactions across the different chains. Finally, transactions are grouped together and settled on Solana's mainnet about every two minutes. This process makes cross-chain interactions both secure and efficient.

One of Solaxy's standout advantages is its fee structure. Cross-chain swaps cost about 80% less than native bridge alternatives, with transaction fees as low as $0.0001 compared to Solana's average of $0.005. The platform also features smart contract mirroring, which deploys compatible contracts on both chains to enable cross-chain decentralized application functionality.

With these substantial utility features behind it, this penny cryptocurrency has everything it needs at this point to be the next big altcoin in 2025. Currently, it’s only available through the official presale website at its discounted price.