Concerns about the stability of the global financial system have been rekindled in the wake of the recent failure of the First Republic Bank in the United States.

The market’s confidence has taken a major hit as a result of this major development, especially over the possibility of a dovish attitude by the US Federal Reserve to cut interest rates.

As a result, investors’ nerves have been on edge, and economic analysts are keeping a careful eye on the situation to determine its potential impact.

Investors widely expected the Fed to boost interest rates to 5.25% after the collapse of Silicon Valley Bank, Signature Bank, and First Republic Bank. Investors and traders alike reacted to this news by taking a more cautious stance in the market.

Since yesterday, the cryptocurrency market has been down 1%, as reported by CoinGecko. Although Bitcoin and Ethereum both fell in value by a small amount, the impact on the altcoin market was much greater. Even if this is only a short setback, these top 5 cryptos are still highly recommended for investor portfolios.

PEPE

Much like DOGE and SHIB, PEPE is based on a meme that first appeared in 2005. Despite being the new kid on the block, the token is firmly bullish, with PEPE up 24% in the past 24 hours. 

The token is still experiencing a strong surge in investor interest which will be beneficial in the short to medium term. With its low price of $0.00000134, investors and traders can cash in some gains before the price stabilizes. 

RNDR 

Despite taking a beating in this week’s market environment, RNDR is still among the top cryptos in the market. The latest market data shows that the token is up 19% since last week. With recent on-chain developments siding with the bulls, the token’s position in investor portfolios is safe. 

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