3 Altcoins to Buy If Bitcoin Correction Extends to $50,000

Alternative Cryptocurrencies to Consider:

Amidst Bitcoin's recent fluctuations attempting to stabilize above $50,000, investors may consider alternative cryptocurrencies (altcoins) for potential gains.

According to Coinglass, Bitcoin liquidations amounted to $190 million, while Ethereum saw $94 million in liquidations. This, coupled with the German government's substantial Bitcoin sell-off, could increase supply pressure on Bitcoin.

Altcoins to Buy:

Solana (SOL)

• Solana is a high-performance blockchain platform optimized for dApps and cryptocurrencies.
• Its potential for the launch of Exchange-Traded Funds (ETFs) has attracted demand.
• The SOL price trades at $137.5, with a market cap of $63.6 billion.
• A breakout from the triangle resistance trendline could drive a rally to $210 and $326.

Pepe Coin (PEPE)

• Pepe Coin is an Ethereum-based meme coin inspired by the popular internet meme.
• The ongoing price correction follows a flag pattern formation, suggesting a potential breakout.
• A trendline breakout could lead to a rally surpassing the previous high of $0.00001745.

Chainlink (LINK)

• Chainlink is a decentralized blockchain platform providing oracles for smart contracts.
• Its strong partnerships and ecosystem development make it a promising altcoin.
• The LINK price recently reached a resistance level of $9.15, with a market cap of $4.3 billion.
• A breakout above this level could push the price towards $12.43 and $16.33.