Bitcoin Dips: Best Time to Buy Crypto? Top 3 Recommendations
At press time, Bitcoin is at $61k, a significant drop from its earlier price of $70k. When Bitcoin (BTC) prices move, the whole cryptocurrency market reacts. Right now, with Bitcoin down, it might be a good time to buy other cryptocurrencies too.
When Bitcoin goes up (called a bullish trend), other smaller coins often follow. And when it goes down (bearish trend), it can be a chance to buy these coins at lower prices before they go up again. Here are three cryptocurrencies to watch now:
Cryptocurrency #1 – Shiba Inu
Shiba Inu is a popular meme coin similar to Dogecoin. They are working on a new game and technology update called Shibarium. This has increased interest in the coin.
- Current Price: Low, just like Bitcoin.
- Expected Growth: It could reach $0.00003389 by July 2024, which is a 94.44% increase.
Cryptocurrency #2 – Ethereum
Ethereum is the second-largest cryptocurrency after Bitcoin. They are launching some new financial products called ETFs, which might increase its price.
- Current Price: Around $3,383.
- Expected Growth: It might go up to $3,483.15 by July 2024, a 2.86% increase.
Cryptocurrency #3 – Solana
Solana is another promising cryptocurrency. It was popular during the 2024 market wave.
- Current Price: Lower due to Bitcoin's drop.
- Expected Growth: It could rise by 16.14% to reach $157.99 by July 2024.
Conclusion
With Bitcoin down at the moment, it might be the perfect time to invest in other cryptocurrencies. Keep an eye on Shiba Inu, Ethereum, and Solana, as they show promising growth potential in the near future.
