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3 Coins to Buy While Bitcoin is Falling
It is well known that the cryptocurrency sector is highly dependent on Bitcoin and its potential movement and pace. When Bitcoin reaches new highs, the altcoin market mimics its pace, providing results based on BTC’s bullish or bearish momentum. As of this writing, BTC is hovering at $61,000, down sharply from the previous price mark of $70,000. This development also signals potentially low altcoin market interest, making it a good time for investors to buy and take advantage of potential coin dips.
Bitcoin is expected to accelerate its pace soon, meaning that the “dips” that investors buy and hold now will eventually bring them better profits soon. With this in mind, here are our top 3 cryptocurrency dip tips for you to explore while BTC is down.
Read also: Ripple: Weekend Price Prediction XRP: How Close Is The Token To $1?
3 Coin Dips to Explore for Maximum Profits
Cryptocurrency no. 1: Shiba Inu
Shiba Inu is nicknamed the OG meme coin for a reason. The token is currently working on launching a blockchain-based version of its Shiba Eternity Game, which is expected to bolster the momentum of the SHIB token. Secondly, the token’s layer two solution, Shibarium, saw a 388% spike in its online activity metrics, indicating increased interest and a surge. While Bitcoin is trending lower, SHIB is also hovering around lower price levels, making it an attractive meme coin to pick up and hold for the long term.
Second CoinCodexShiba Inu is expected to increase by $0.00003389 by July 1.
“This week, SHIB could trade in a price range between $0.00001743 and $0.00003389. Shiba Inu will increase by 94.44% and reach $0.00003389 by July 1, 2024, if it reaches the highest value.
Cryptocurrency no. 2: Ethereum
Ethereum is another promising cryptocurrency that is hovering at a lower high price of $3,383 as of this writing. Dubbed the second largest cryptocurrency by market cap, Ethereum is working on launching its ETFs very soon, a development that should strengthen the token’s price in the long run. Such infrastructure developments make Ethereum a profitable choice for investors to explore and hold for the long term.
Second CoinCodexEthereum could rise 2% by the end of June, to trade at a price level of $3,400.
“Ethereum price could increase by 2.86% and reach $3,483.15 by July 25, 2024. According to our technical indicators, the current sentiment is bearish while Fear & Greed Index shows 30 (Fear). Ethereum has recorded 12/30 (40%) green days with a price volatility of 3.64% over the last 30 days.
Cryptocurrency no. 3- Solana
Solana is another promising cryptocurrency making it a profitable purchase for anyone willing to explore possible cryptocurrency dips. Solana has dominated the 2024 bull market by creating compelling meme coins and tokens for investors to explore and interact with. With stellar on-chain metrics, Solana is poised to play a crucial role in setting the pace of the cryptocurrency market as a whole.
Read also: Petrodollar Expiration: BTC and Gold Gain Strength as Alternatives to the USD Emerge
Second CoinCodexSolana could see a significant increase of 16% by the end of June.
“Solana price could increase by 16.14% and reach $157.99 by July 25, 2024. According to our technical indicators, the current sentiment is bearish while the Fear & Greed index is showing 30 (Fear). Solana has recorded 30/11 (37%) green days with price volatility of 9.09% over the last 30 days.”