Bitcoin is encountering intense market turmoil as the token recently hit a new crypto price low. BTC is currently trading at $53K, down from its earlier price threshold of $65K. In response, the altcoin market has also witnessed a bloodbath regarding pricing.
Leading coins like Ethereum, Cardano, and Solana are all trending in bearish zones, insinuating a consistent price fall that will persist shortly.
However, for some investors, this market crash could be considered a boon, a serendipitous chance to get rich. Here are two potential coins that may distribute stellar gains in the coming future.
Also Read: $1B Liquidated: Is Now the Time to Buy Shiba Inu (SHIB)?
Two Coins to Buy in the Current Market Crash
1. Bitcoin (BTC) – Original De-centralized Crypto
Bitcoin is considered the most robust cryptocurrency for many reasons. For instance, BTC is the largest crypto coin by market cap, and other altcoins are tied to Bitcoin. The altcoin market is heavily dependent on BTC to determine its price caps.
The launch of BTC ETFs has:
- Introduced Bitcoin to seasoned investors
- Injected millions into the sector
Many nations have adopted BTC globally. The current US political electoral situation:
- Is using Bitcoin and the crypto sector to appeal to voters
- Suggests the government is closely watching Bitcoin
- This may lead to the introduction of ways to diversify the industry into profitable areas of change
The current market crash:
- Creates a beneficial dip for users to explore further
- Has compelled Bitcoin to trade at $53K
According to CoinCodex, Bitcoin is poised to hit $107,790 by the end of 2024. This roughly entails that BTC is meant for bigger things ahead soon.
“Bitcoin is forecast to trade within a range of $53,419 and $107,790. If it reaches the upper price target, BTC could increase by 107.16% and reach $107,790.”
2. Ripple (XRP) – Fast & Scalable Cryptocurrency
XRP is the second cryptocurrency worth exploring as Ripple continues to forge global collaborations to boost prestige. Ripple designs XRP for institutional investment, which can attract a hefty clientele. This may indirectly boost XRP’s prospects and help the token ascend to new highs.
XRP is preparing to launch RLUSD stablecoin:
- The RLUSD is will launch sometime this year
- After launch, XRP’s price may stabilize
- Could reach a compact price threshold
Ripple’s legal case with the US SEC:
- Has kept XRP’s price constrained for years
- The SEC expects to announce the verdict soon.
If the court rules in favor of XRP, its price could skyrocket to new highs, possibly breaching the $1 mark.
Current market conditions:
- The current dip may present a lucrative buying opportunity
- Increasing institutional interest in XRP
- According to CoinCodex, XRP can claim $1 by the end of 2025.
Also Read: Ripple: XRP Forecasted To Hit $2.60, $6.32 & $32, Here’s When?
“According to our XRP price prediction, XRP is forecast to trade within a price range of $0.298011 and $1.472203 next year. XRP will increase by 218.92% and reach $1.472203 if it reaches the higher value target for 2025.”
the current market crash presents challenges, it also offers unique opportunities for investors to capitalize on potential gains with Bitcoin and Ripple XRP.