Top 5 Cryptos to Watch as Bitcoin Price Surges Following Fed's Decision to Maintain Interest Rates

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The Federal Reserve kept interest rates steady at 4.25%-4.50% on Wednesday, March 19, in the dot plot, and signaled a cautious stance on further tightening amid sticky inflation and a strong labor market. This decision had an immediate impact on the cryptocurrency market, with Bitcoin leading the way in price reactions.

After the interest rate announcement, Bitcoin's price surged from around $82,000 to a high of $87,443 before settling at $85,814, showing a 3.2% daily gain. Market analytics firm Santiment also noted the broader crypto market's positive price reaction.

Most Viewed Cryptos on GeckoTerminal to Watch

Freysa's native token, FAI, has seen a strong rally, surging 17.75% in the past 24 hours to reach $0.02213. It is currently valued at $0.02213 (0.0000112 WETH), with a market cap of $184.85M. The token also boasts a remarkable 24-hour trading volume of $3.65M and liquidity of $6.73M.

It is widely traded on Uniswap V3 (Base) and Aerodrome SlipStream, with the largest liquidity pool at $3.26M on Uniswap. Moreover, it is quickly gaining recognition among crypto investors, with 97.76K holders.

EraLabs is rapidly attracting attention in the crypto sphere. Its token, EraLab, has experienced an impressive 106.45% surge in 24 hours, reaching a price of $0.00233 (0.00001821 SOL). This price surge has pushed its fully diluted valuation (FDV) to $2.32M.

It has accumulated 8.7K holders in a short span of three days. The token boasts a remarkable 24-hour trading volume of $3.65M and liquidity of $188.34K. It is actively traded across various liquidity pools on Meteora. The highest liquidity pool is on Meteora, with $21.33K and generates $64.19K in trading volume.

BR token has seen remarkable growth, surging 83.43% daily to trade at $0.1715. Its price ranges from a low of $0.1484 to a high of $0.1754 within a 24-hour period. The token's fully diluted valuation (FDV) is $168.15M, while its market cap stands at $35.31M. It also boasts a 24-hour trading volume of $20.82M and liquidity of $4.63M.

Most of the trading activity is on PancakeSwap V3 (BSC), where the USDT/BR pool holds $431.73K in liquidity and generates $4.25M in trading volume.

encryptSIM is a no-KYC eSIM service that provides users with private and decentralised global connectivity. It operates in 135 countries and allows payments through Web3 wallets, eliminating the need for personal information.

The service is powered by blockchain technology and aims to offer an alternative to traditional telecom services, focusing on anonymity and security in today's digital age.

The ESIM token has seen extraordinary market activity, with a 21,533% increase in 24 hours. It is valued at $0.001635 and its FDV matches the market cap. The 24-hour trading volume is a brisk $5.37M, with liquidity at $137.4K.

The bulk of the trading occurs on Raydium (CLMM) for the SOL/ESIM pair, which has $189.24K in liquidity and generates $1.48M in trading volume. Additional liquidity pools are available on Meteora and PumpSwap.

After its launch, EncryptSIM rapidly attracted 2.6K holders.

Solaxy is a Layer 2 solution being built on Solana (SOL). The project aims to improve transaction speed, efficiency, and network reliability. These upgrades are particularly relevant given recent issues with Solana's capacity to handle high volumes of transactions without interruption.

Recently, there was an instance where the launch of Donald Trump’s meme coin overwhelmed the decentralized exchange Raydium, and transactions on both platforms were stalled for several hours. This incident also affected transactions on Solana, causing widespread disruption.

Its native token, SOLX, is priced at $0.00167, with an APY of