Bitcoin
3 Crypto Trends to Buy When Bitcoin Is Moving Sideways
There is no single solution when it comes to investing in the cryptocurrency market. For many, trial and error is the only way to achieve successful results – those who grow crypto to buy portfolios between 10X and 100X.
Bitcoin Price reached a new all-time high following the approval of the spot ETF in the first quarter. This was an unprecedented milestone, breaking the norm of reaching a new record after every halving cycle.
However, Bitcoin recovered gains to an all-time high of $73.8737, CoinGecko the data shows, dropping to $56,500 in early May. In addition to the obvious profit-taking, the correction was attributed to rising geopolitical tensions, regulatory pressure and other internal and external uncertainties.
Bitcoin regains momentum after Ethereum ETFs
The recent approval of Ethereum ETF it was a positive gesture from the Securities and Exchange Commission. To a large extent, this development, although unexpected, legitimizes the crypto industry, opening up digital assets to potential customers.
Bitcoin’s reaction to the news was notable as it surpassed $70,000 before suddenly stopping at $72,000. Ethereum rose above $3,000 and closed at $4,000 before falling back to $3,760 on Wednesday.
The largest cryptocurrency hovered at $67,423 during US business hours, maintaining a 0.5% drop in 24 hours. Most altcoins are also in the red amid mixed crypto signals to buy coins like XRP, SOL and WIF.
1. Crypto to Buy – Solana (SOL)
Last week, the price of Solana fell by more than 5%, indicating a potential bearish trend in the market. SOL has been trading in the $160 to $168 range, reflecting increased volatility and cautious sentiment among investors.
Solana price chart
With ETH ETF approval advertising campaign and a slight decline in the market, Solana rose 23% last month, demonstrating its resilience in a volatile market. Solana price has been trading higher, breaking resistance levels and maintaining strong support despite slight corrections, indicating investor confidence and robust performance of the underlying network.
If bullish momentum returns, SUN It could rise to the $170 level. With increasing buying pressure, the price could rise above $180, reaching $200 in the next bull run. This potential move highlights the volatility and dynamic nature of Solana’s market performance.
2. Dogwifhat (WIF)
Dogwifhat (WIF), a cryptocurrency on the Solana blockchain, has seen a notable increase in its market value. Since its launch, WIF soared 2,162%, establishing itself as one of Solana’s most successful altcoins this year. This meteoric rise has allowed investors to significantly multiply their investments, with the potential for 100X returns.
dogwifehat price table
WIF’s uptrend has also sparked interest in other meme cryptocurrencies such as PEPE, BONK, FLOKI, DOGE, and SHIB. Despite broader market corrections, these coins benefited from WIF’s positive momentum. WIF is trading at $3.83, up more than 3% in 24 hours. It ranks 28th on CoinMarketCap, with a market value of US$3.7 billion.
3.XRP
XRP price has hovered below all three short-term exponential moving averages (EMAS), including 20-day, 50-day and 200-day on the four-hour chart. The overhead pressure continued to intensify after the token hit the $0.54 barrier last week.
Two main levels can determine whether XRP Price you will see a bullish or bearish result. The first is the ascending channel’s lower support boundary and buyer congestion at $0.52. Breaking these two levels would leave XRP defenseless and increase the chances of a correction to $0.5 or below.
XRP Price Doom Chart | Trading view
A break of resistance at $0.54 would confirm the growing presence of bulls in the market. If XRP breaks free from resistance at $0.7, the path of least resistance will reverse upwards, paving the way for a larger move towards $1.
Final thoughts
Investing in cryptocurrencies may require an element of risk-taking. However, with due diligence, investors can identify projects with the potential to earn massive returns. As Bitcoin finds direction, buyable cryptocurrencies like SOL, WIF, and XRP stand out, promising gains of 10x to 50x.
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