The recent cryptocurrency market crash has compelled investors to consider all possible trading routes. While some are busy brainstorming ideas to double their returns, others are simply figuring out ways to secure their holdings compactly.
The cryptocurrency crashes are notorious for triggering the panic selling phenomenon, which can again compel investors to withdraw their proceedings at a lower price value.
But what if there’s a way to maneuver the crisis and turn it profitable in the long haul?
While risk is synonymous with cryptocurrency, buying these two cryptocurrencies, especially during market turmoil, can be beneficial for investors in the long run.
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Top 2 Cryptocurrency Coins to Buy, Especially During Market Crash
Bitcoin and Ethereum are the two most sought-after cryptocurrencies.
1. Bitcoin (BTC)
Bitcoin is one of the most popular and leading cryptocurrencies by market cap. During tumultuous market conditions, Bitcoin slips to new low price thresholds, making it accessible for other league investors to explore the coin.
Bitcoin has strong backing, with multiple US political domains promoting it globally
Former US president Donald Trump vowed to make the US a Bitcoin nation if re-elected
Plans for a Bitcoin reserve are being considered, potentially boosting BTC’s value
Cryptocurrency fluctuations are normal; Bitcoin’s influence can lead to quick gains
Bitcoin ETFs offer additional opportunities for investors during market crashes
According to CoinCodex, Bitcoin may spike by 20% in September to trade at an all-time new ATH of $78K.
“According to our current BTC price prediction, the price of Bitcoin is predicted to rise by 41.88% and reach $78,873 by September 5, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 17 (extreme fear). Bitcoin recorded 15/30 (50%) green days with 6.71% price volatility over the last 30 days.”
Similarly, by the end of 2024, BTC may surge to trade at the $110K price level.
“BTC is forecast to trade within a range of $56,146 and $110,873. If it reaches the upper price target, BTC could increase by 100.86% and reach $110,873.”
2. Ethereum (ETH)
Ethereum is another leading crypto, the second-largest token by market cap.
Ethereum has strong community support, hosting various meme coins
Recently launched ETH ETFs offer more sophisticated Ethereum trading options
According to CoinMarketCap, Ethereum’s core value lies in enabling global users to develop products on its platform
This makes Ethereum a potentially lucrative investment for long-term portfolio growth and stability.
“Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime, and fraud.”
According to CoinCodex, Ethereum’s price is expected to spike by 6% to $2,662.25.
“According to our current Ethereum(ETH) price prediction. The price of ETH is predicted to rise by 6.50% and reach $2,662.25 by September 5, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 17 (extreme fear). Ethereum recorded 16/30 (53%) green days with 7.43% price volatility over the last 30 days.”
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ETH may rise by 70% by the end of 2024 to hit the coveted price mark of $4,214.33.
