It appears that the cryptocurrency market is in a bloodbath right now, with multiple projects trading in the negative. In just one day, the worldwide market capitalization has dropped by 4.1% to $2.28 trillion, with Bitcoin (BTC) now trading below $59,000.
With prices low, it could be a good time for investors to buy more assets and bring their average costs down. It could also be a good time for new investors to enter the crypto market.
With that said, let’s look at three assets you could buy during the dip
Top 3 cryptocurrencies to buy during the dip
Solana:
Solana (SOL) had an incredible year in 2023. This year, the asset seems to be struggling to gain the same momentum. SOL’s price has fallen by over 9% in 24 hours and 18.4% over the previous month.
Financial giant VanEck recently applied for a SOL ETF. If the authorities approve the application, we may witness a significant price spike for the fifth-largest cryptocurrency. With prices low, it could prove to be a good entry point for new investors.
Toncoin:
Toncoin (TON) has displayed a stellar performance this year. The cryptocurrency hit an all-time high of $8.25 last month and has climbed into the top 10 projects by market cap.
TON is part of the Telegram network which has millions of users worldwide. CoinCodex researchers predict that TON will breach the $20 mark later this month and will hit $25.85 on Aug. 1, 2024.
Shiba Inu:
Shiba Inu (SHIB) is down by 7.5% in the last 24 hours and 7.6% over the previous week.
SHIB is a very popular cryptocurrency with an incredibly loyal fanbase. This makes the asset glow with a lot of potential. The low prices offer new investors an incredible entry point to buy into the 14th largest cryptocurrency.
Link: https://watcher.guru/news/top-3-cryptocurrencies-to-buy-during-the-market-dip?utm_source=pocket_shared
Source: https://watcher.guru/news
