Crypto prices held steady on Wednesday as demand for Bitcoin and Ethereum ETFs accelerated. They also jumped after media reports hinted that Scott Bessent, the Treasury Secretary, would become the next Federal Reserve Chair in 2026.
Bessent has become a major proponent of Bitcoin at the cabinet level. Unlike Jerome Powell, he has also supported the creation of a Strategic Bitcoin Reserve (SBR). As the Fed Chair, he would likely have the authority to make these purchases.
Best Crypto to Buy if Bessent Becomes Fed Chair
The best cryptocurrencies to buy if Scott Bessent becomes the Fed Chair are those with strong fundamentals. This includes top players in decentralized finance (DeFi) and infrastructure. Some of the most notable ones are Axelar (AXL), Uniswap (UNI), and Bitcoin Pepe (BPEP).
Axelar (AXL)
Axelar is a leading blockchain network that provides a platform for developers to build decentralized applications (dApps) that operate across multiple chains. Its products include the Interchain Token Service, which automates multi-chain deployment.
It also runs the Interchain Amplifier and the Sxelar Virtual Machine. It has a total value locked (TVL) of over $927 million, up from $123 million in March this year.
Technicals point to more upside after Upbit, the biggest South Korean exchange, listed it. The daily chart shows that the AXL token formed a double-bottom pattern at $0.3018 and has moved above the neckline at $0.4545.
Axelar token will likely continue rising as bulls target the 50% Fibonacci Retracement level at $0.7030, up by 35% above the current level.
Uniswap (UNI)
Uniswap is another top crypto to buy for three main reasons. First, it is the biggest decentralized exchange (DEX) in the crypto industry, handling over $1.7 trillion in assets since its inception.
Second, Uniswap launched Unichain earlier this year, a layer-2 network that has become one of the fastest-growing chains in the cryptocurrency space. Unichain handled over $9.5 billion in the last 30 days, significantly more than most layer-1 networks, including Sonic, Cronos, and Avalanche.
Third, Uniswap has strong technicals. UNI price has moved above the key resistance level at $7.5410, the highest swing on May 12. It has also jumped above the 23.6% resistance level, pointing to more gains to $11.97.
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Bitcoin Pepe (BPEP)
Bitcoin Pepe is another crypto to buy for substantial long-term gains. Unlike Uniswap and Axelar, Bitcoin Pepe is not yet listed on any exchanges. It is in a presale that has become highly successful in the past few months, after raising over $14 million.
Bitcoin Pepe’s success stems from the developers’ hope to become the largest player in the meme coin industry. Its goal is to be the meme layer-2 network for Bitcoin.
Bitcoin Pepe will also feature PEP-20, which will enable users to launch meme coins on Bitcoin, the largest cryptocurrency in the industry. It will have ultra-low fees and instant transactions.
The benefit of buying Bitcoin Pepe at this stage is that users are receiving a 30% bonus and access to other giveaways. You can buy the Bitcoin Pepe here ahead of its exchange listing.
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