The cryptocurrency market faces a multi-month low, with the global market cap falling below $2 trillion. The latest correction is likely because of uncertainties around an interest rate cut in the US, leading to a dip in the stock market.
Japan’s stock market has been experiencing its worst dip since 1987. Rising geopolitical tensions in the Middle East may have spooked investors and traders.
The latest market crash could be a good entry point for new investors. It is also an opportunity for older investors to increase their holdings and decrease their average buying cost. Buying the dip is a solid investment strategy that many investors follow.
With that said, let’s look at three crypto assets you could buy during the crash.
Also Read: Top 3 Cryptocurrency Billionaires: Here’s How They Made It Big
Top 3 Cryptocurrencies to Buy During the Crash
1. Bitcoin (BTC) – Digital Gold Crypto
Bitcoin is the market leader, and other assets follow its lead for most of the time. The original cryptocurrency is also among the best-performing assets of the last decade. BTC has been at its lowest level since late February.
With prices down, investors could buy BTC at cheaper rates and reap profits when the price picks up. Many analysts anticipate that BTC’s price will eventually hit the $1 million mark.
Also Read: Cryptocurrency: 3 Coins to Buy Before They Become ETFs
2. Ripple (XRP) – Ripple’s Coin
Source – Crypto Adventure
Ripple’s XRP token is another popular cryptocurrency facing a significant price correction. There is much talk about a settlement in the books regarding the SEC vs. Ripple lawsuit. A positive ruling could lead to a significant price spike for XRP.
The affordable costs can provide novice investors with a great place to start.
3. Shiba Inu (SHIB) – Meme crypto
Source: DailyHodl
SHIB is among the most popular cryptocurrencies in the market. The asset is trading at $0.000011, falling by over 31% in the last week.
Shiba Inu has much room to develop, and the current low costs could make it a worthwhile investment.
Also Read: Shiba Inu Falls To 5-Month Low: Should You Buy The SHIB Dip?
Investors are buying cryptocurrencies at lower prices, seeing the market dip as a chance for future gains.