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Thursday, November 21, 2024

What Cryptocurrency To Buy During A Market Crash?

Digital assets remain in an unstable position after September 7, the price of bitcoin fell by $ 8.5 thousand in 1.5 hours. However, the current situation may be an opportunity for a profitable purchase of tokens.

Yesterday, cryptocurrency fell sharply against the background of the collapse of the bitcoin rate, which at the moment fell below $ 43 thousand.

The total capitalization of the digital asset market per day decreased by $ 300 billion, to $ 2.1 trillion, Bitcoin costs $ 46.5 thousand, Ethereum – $ 3.4 thousand.

In the current environment, it is worth paying attention to the leaders of capitalization, who have already proven their effectiveness, says Roman Nekrasov, co-founder of the ENCRY Foundation.

According to Roman , Bitcoin probably has not yet realized the growth potential inherent in it. At the same time, many investors are optimistic about the prospects of Ethereum on the eve of the renewal of the altcoin network, the expert noted.

The most promising projects for a short-term strategy may be coins that have a sufficient social resource and continue to be in the “deeper” correction stage than others, added Nikita Zuborev, senior analyst at Bestchange.ru. He spun off Binance Coin, Polkadot and Uniswap and Solana.

“For the long term, our priorities remain the same: Bitcoin and Ethereum,” the analyst said.

The fact that Bitcoin and Ethereum now have the best potential was also stated by Anton Kravchenko, CEO of Xena Financial Systems.

According to Anton , the rest of the coins are very overbought. The fact that they have plummeted in price suggests that there is no real support in them, the specialist says.

“In the event of a general market decline, they will lose tens of percent per day, so it is worth going into protective assets in the form of Bitcoin and Ethereum,” Kravchenko warned.

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