Best Coins to Purchase Right Now in the Market Crash
Top Cryptocurrency to Purchase in Today’s Market Crash originally published on Coinpedia Fintech News.
Best Crypto to Purchase: Due to recent substantial moves in Bitcoin (BTC) by Mt Gox and the US government, the entire cryptocurrency market is under intense selling pressure. Top cryptocurrencies that could soar in value over the next few days are already retailing at deeply discounted prices due to the market collapse.
These leading cryptocurrencies are Dogecoin (DOGE), Solana (SOL), Dogwifhat (WIF), and Ripple’s native token, XRP.
XRP (XRP)
One of the best altcoins that has shown that is not a security is Ripple’s XRP, which has also prevailed in a court case against the US Securities and Exchange Commission (SEC). Furthermore, XRP is similar to digital gold, according to Ripple’s previous announcement that it will tokenise gold on the XRP Ledger.
It is currently trading at about $0.566, but in the upcoming days—the Altcoin season—it could soar in value.
Solana (SOL)
Investors and institutions think Solana may be the next cryptocurrency to be sold as an exchange-traded fund (ETF) in the near future, following the approval of the spot Ethereum ETF in the US.
Experts have already predicted that SOL may reach $250 in the next few days, but the ETF speculation may cause it to rise even further.
SOL is currently trading close to $140 and is gaining a lot of support from the cryptocurrency world as its open interest and trading volume both rise.
Dogwifhat (WIF)
One of the top meme coins in the cryptocurrency meme market is WIF, which frequently mirrors the popularity of SOL. Nevertheless, it reached its highest point of $4.733 in March 2024 and could rise sharply when the cryptocurrency season starts.
Nevertheless, BitMEX co-founder Arthur Hayes enjoys watching WIF, and during in the early going, he thought WIF may reach $10 in the near future. WIF is currently trading close to $1.40.
Dogecoin (DOGE)
In the cryptocurrency meme market, DOGE is the largest meme coin in the world and is now trading for a steep discount. It witnessed a price spike of almost 120% in February 2024 following a year of consolidation, but it has since fallen by 52%.
Tradingview, a source
It might, nevertheless, soar once more in 2024. Technical analysis and the present price movement both point to a buy signal.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
X : cryptomantr