Markets
Best Cryptocurrency to Buy Right Now While the Market Crashes
Meme coins are making a huge comeback after last week’s market crash, taking center stage as the best cryptocurrency to buy right now. With the Bitcoin Price Hanging by a thread above the $56,000 level, trading at $57,248, altcoins are recovering rapidly.
As Ethereum jumps above $3,000, the altcoin market is on the rise and aims to reclaim pre-crash levels. Amid the recovering market, top-performing meme coins are making waves and posting double-digit gains in the last 24 hours.
This year, smart money’s focus on meme-based cryptocurrencies has made it a popular retail investment option. So, here are the top picks for meme coins as the best crypto to buy right now in the recovering market.
Will PEPE turn this bull cycle into a breakout rally?
With a market cap of nearly $4 billion, this frog-themed meme coin is ranked as one of the best-performing and highest-rated in the crypto world. Second only to legendary coins DOGE and SHIB, PEPE Price surpassed big names in the cryptocurrency industry.
In a correction phase, PEPE price reveals a falling channel, accounting for a 42% drop in 42 days. However, the meme coin records a YTD growth of 652%, outperforming most major altcoins and Bitcoin.
Currently, the recovery rally for PEPE has started from the support trendline and the 78.60% retracement level. This marks a bullish cycle within the pullback channel and triggers a breakout rally.
A breakout rally could propel PEPE past the $0.000010 mark or the 50% retracement level. The next potential targets are the $0.00001391 or $0.00001669 mark, accounting for almost 50% to 75% of the rally.
With a 23% jump, is BONK the best cryptocurrency to buy right now?
As a new dog-themed meme coin based on the Solana ecosystem, the BONK Price is witnessing massive moves in 2024. With the daily chart filled with incredibly large pump and dump moves, the meme coin is gearing up for a new rally.
Holding above the crucial support level of $0.000020 or the 23.60% retracement level, BONK price jumps 23% as the market bottoms out. With two bullish candles and an 8% intraday bounce, the 23% price jump triggers a breakout of the 38.20% level.
With the resurgence of high demand and hype for meme coins, BONK price is likely to break above the $0.00002679 mark. The breakout rally could propel the Solana-based dog-themed cryptocurrency to reach the $0.000045 mark and reach a market cap of over $2 billion. Thus, it definitely positions itself as one of the best cryptocurrencies to buy right now.
Healthy pullback for meme coin BRETT reveals 55% gain
Taking advantage of PEPE’s popularity, BRETT is based on his best friend character. The meme coin is based on the BASE ecosystem and has surged nearly 300% in just a few months. Trading at $0.11747, BRETT’s market cap has survived the dip and remains above the $1 billion mark.
On the daily chart, the BRETT token is making a morning star pattern at the crucial 50% retracement demand level. Improving bullish dominance at the psychological $0.10 mark, the meme coin is poised for a bullish run following the 9% intraday jump.
With a trend reversal pattern in a crucial area of interest, the chances of a bullish reversal are significant. According to Fibonacci levels, the price of the BRETT meme coin could peak at $0.18 for a 55% increase. Optimistically, the uptrend could reach the psychological $0.20 mark.
Read too: Bitcoin Price Today: Will BTC Price Recover or Face Further Declines?