Bitcoin is facing intense market turmoil as the token recently hit a new crypto price low. BTC is currently trading at $53,000, down from its previous price threshold of $65,000. In turn, the altcoin market has also witnessed a bloodbath in pricing.
Leading cryptocurrencies like Ethereum, Cardano, and Solana are all trading in bearish territory, hinting at a steady price decline that will continue in the short-term.
But for some investors, this market crash could be seen as a blessing, a fortuitous chance to strike it rich. Here are two potential coins that could pay off with some incredible returns in the future.
Also Read: $1 Billion Liquidation: Is It Time to Buy Shiba Inu (SHIB)?
Two Cryptocurrencies to Buy in the Current Market Crash
1. Bitcoin (BTC) – The Original Decentralized Crypto
Bitcoin is considered the most stable cryptocurrency for many reasons. For example, BTC is the largest cryptocurrency by market cap and other altcoins are tied to Bitcoin. The altcoin market is heavily dependent on BTC to set price limits.
Launch of BTC ETFs:
- Introduced Bitcoin to experienced investors
- Millions of dollars injected into the sector
Many nations have adopted BTC globally. Current US political election situation:
- Is Bitcoin and the crypto sector being used to appeal to voters?
- He claims that the government is keeping a close eye on Bitcoin
- This could lead to the introduction of ways to diversify the industry into profitable areas of change.
Current market crash:
- Creates a useful dive for users to explore further
- It made Bitcoin trade at $53,000
According to CoinCodex, Bitcoin is expected to reach $107,790 by the end of 2024. This roughly means that BTC is destined for bigger things in the near future.
“Bitcoin is forecast to trade in a range of $53,419 to $107,790. If it reaches the upper price target, BTC could rise 107.16% to $107,790.”
2. Ripple (XRP) – Fast and Scalable Cryptocurrency
XRP is the second cryptocurrency worth exploring as Ripple continues to form global partnerships to increase its prestige. Ripple designs XRP for institutional investment, which could attract a significant customer base. This could indirectly boost XRP’s prospects and help the token reach new heights.
XRP prepares to launch RLUSD fixed money:
- RLUSD will be launched sometime this year
- XRP price may stabilize after launch
- A compact price threshold can be achieved
Ripple’s legal case with the US SEC:
- It capped the price of XRP for years
- The SEC is expected to announce its decision soon.
If the court rules in favor of XRP, its price could skyrocket to new highs and possibly break the $1 mark.
Current market conditions:
- The current decline could present a lucrative buying opportunity
- Institutional interest in XRP is increasing
- According to CoinCodex, XRP could reach $1 by the end of 2025.
Also Read: Ripple: XRP Predicted to Hit $2.60, $6.32, $32, But When?
“According to our XRP price prediction, XRP is expected to trade between $0.298011 and $1.472203 in the coming year. If XRP achieves the higher value target for 2025, it will increase by 218.92% and reach $1.472203.”
The current market crash presents challenges but also unique opportunities for investors to capitalize on potential gains with Bitcoin and Ripple XRP.