7 Best Crypto To Buy Now During The Price Crash

Bitcoin Price Faces Correction, Altcoins Decline

The Bitcoin price has continued its steep correction, dropping another 5% today. The largest cryptocurrency has now fallen below $56,000 and is at risk of further declines to the $52,000 mark.

Altcoins have suffered even worse, with tokens like Dogwifhat, Chainlink, and Brett experiencing double-digit losses. CoinMarketCap's Crypto Fear and Greed Index now indicates "Fear," reflecting the market's bearish sentiment.

Is the Bottom In for Bitcoin?

However, despite the market crash, analysts believe investors should consider buying crypto rather than panic selling. Many suggest that Bitcoin may have reached a bottom after its decline to $57,000.

Popular crypto trader 941, with over 57,000 followers on Twitter, claims that the Bitcoin price has hit its local bottom. He states, "The bottom is in. 57.5k I stake my reputation on it."

Other experts, who were previously bearish at $60,000, are now turning bullish at $57,000. There are several reasons for this optimism.

Firstly, Bitcoin is currently at the confluence of the 3-day 200 Moving Average and the 1-week 200 Moving Average, which have historically facilitated major bounces in the BTC price.

Secondly, the altcoins market capitalization chart is showing signs of a potential reversal as it nears a strong support zone. Analyst Michael van de Poppe of MN Trading believes that the altcoin capitulation is nearly over.

Additionally, some economists speculate that the Federal Reserve may cut interest rates in July, which could be bullish for the crypto market.

7 Best Cryptocurrencies to Buy Now

Analysts recommend investing in specific cryptocurrencies with long-term potential. They also highlight the potential of presale tokens, which may not be as impacted by short-term price action.

Here is a list of the seven best cryptocurrencies to buy now, according to experts:

• Solana (SOL): Despite recent declines, SOL remains bullish due to its strong fundamentals, including the potential approval of spot Solana ETFs and the possibility of new all-time highs.
• Dogwifhat (WIF): As a top meme coin on the Solana blockchain, WIF is highly correlated with SOL and could benefit from the same bullish factors.
• Base Dawgz (DAWGZ): This new meme coin has raised significant funds in its ongoing presale and is expected to be a strong performer in the next bull market.
• Pepe (PEPE): Pepe has the potential to gain 2x returns if it retests its all-time high. It is also expected to benefit from institutional investment in Ethereum.
• Pepe Unchained (PEPU): This new project offers a Layer-2 blockchain with low trading costs and high staking rewards, making it a compelling alternative to PEPE.
• Chainlink (LINK): Link is one of the first altcoins to rally in bull markets and has the potential to be a top performer in the coming months due to its strong fundamentals and Cross-Chain Interoperability Protocol.
• 99Bitcoins (99BTC): This new BRC-20 token has a large community backing and offers perks such as staking rewards and airdrops, making it a potential top-performing cryptocurrency.

Disclaimer: This article includes placeholder information, such as crypto market prices and specific token valuations, which may change over time and should not be considered financial advice or an endorsement of any particular cryptocurrency.