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Crypto to Buy Now: After a notable upside rally, the overall cryptocurrency market appears to be correcting. Today, November 26, 2024, the top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and several others have reported significant price declines.
Whales’ and Institutions’ Recent Activity
Despite the recent price decline, the sentiment across the cryptocurrency landscape remains bullish, with whales and institutions rapidly adopting cryptocurrency, especially Bitcoin.
Furthermore, Gary Gensler’s (SEC) upcoming departure, recent political shifts, and several ETF speculations suggest that the market is poised for a significant bullish trend. This might be the perfect time to build a strong portfolio to capitalize on the bull run.
Top Crypto to Buy
Amid this price decline, whales and investors are significantly accumulating tokens, indicating a potential buying opportunity. However, you might be wondering where to invest and which cryptocurrencies to buy to take advantage of this dip.
Based on price action, market capitalization, and strong investor participation, there are a few blue-chip cryptocurrencies and top-tier meme coins you can buy during this price correction.
Ripple (XRP)
XRP, the native token of Ripple, has recently experienced a significant rally following the victory of pro-crypto candidate Donald Trump. Moreover, the upcoming resignation of the SEC Chair and speculation surrounding an XRP ETF could further drive exponential growth for XRP in the coming days.
These developments position XRP as a compelling buying opportunity.
Currently, the altcoin is 40% below its all-time high (ATH), with a strong possibility of surging 40% to reach the $2 level soon. If the bullish sentiment remains intact, the rally could rise further. Notably, XRP’s open interest (OI) has reached a historic high, indicating strong trader participation in the token.
Cardano (ADA)
ADA, the native token of Cardano, has recorded a remarkable 250% rally in recent days. Following this significant upward momentum, the price has reached a strong resistance level at $1 and is currently facing rejection.
This price rejection is caused by geopolitical tensions as the conflict between Ukraine and Russia escalates. Based on historical price trends, if ADA breaches this resistance level, it could experience substantial gains in the coming days. The current market conditions and price action suggest that this may be an ideal time to build positions.
Dogecoin (DOGE)
Dogecoin (DOGE), the world’s largest and most popular meme coin, has surged by an impressive 340% following Donald Trump’s presidential election victory in the United States. Amid this rally, DOGE broke through a strong resistance level at $0.35 but is currently consolidating within a tight range between $0.35 and $0.44.
This ongoing consolidation presents a potential buying opportunity, as a breakout from this zone could propel DOGE by 65%, enabling it to reach its all-time high (ATH) of $0.732 in the coming days.
Dogwifhat (WIF)
Dogwifhat (WIF), a top-class Solana-based meme coin, recently broke out from a bullish inverted head and shoulder price action pattern and has registered a significant gain of nearly 70%. However, following this massive rally, the WIF price underwent a 37% correction.
Despite support from major cryptocurrency exchanges like Robinhood and Coinbase, the ongoing price correction has stalled further upward momentum. If market sentiment shifts positively, WIF has the potential to soar by 65%, reaching the $4.8 level.