SUI, SOL, and DOGE all appeared as our best crypto altcoins to invest in due to their bullish strength in the face of uncertainty.
The cryptocurrency market can be challenging in the wake of a major crash. Many traders and investors hope for a potential bounce to leave the market or close their trades at breakeven due to the extreme volatility associated with it.
Despite the crypto market’s challenging condition and altcoins’ price drop of over 30%, there are some strong cryptocurrency projects or best crypto project whales, and investors are looking to bag them into their portfolios ahead of market recovery for quick price gains.
Here are some of the best crypto projects you could consider as the market attempts its recovery. They could rally high and offer good ROI as the bull run continues.
Source – Crypto Market Condition From Coin360
Following Bitcoin’s crash from a region of $102,000, the price of altcoins has dropped by over 20% in the last 48 hours as altcoins continue to struggle from what looked like a bloodbath.
On-chain data from coin360 shows the current state of the crypto market as altcoins struggle to protect their key support level from falling lower. Of all the altcoins, SUI has demonstrated strong strength in holding Bitcoin dominance as the price could continue to trade above $4.
Let us consider some of the best crypto altcoins, like SUI, that have shown great strength in holding off prices from going lower and dominated by bears.
There are thousands of altcoins in the cryptocurrency market. However, selecting the best crypto altcoin after a major Bitcoin crash is important because these best crypto tokens must have demonstrated strong bullish price action before the crash or have remained strong, holding off bears during the market turbulence.
Let us explore some of them and their potential.
1. Solana (SOL) – Solana has gained much attention from retailers and investors following its price rally from a region of $9 to a high of $265, creating much buzz after the collapse of FTX as many thought Solana was a dead project. With the price of Solana rallying by over 2800% within the period of its crash, many believe memecoins and its community were big influences of such price rally. Crypto analysts speculate the price of Solana could rally to a high of $500 to $1,000 in the coming bull market.
2. SUI – SUI’s growth over the years has been phenomenal as the price has garnered much interest around the crypto space after its rally from a low of $0.35 to a high of $5.3 as its TVL and ecosystem continue to grow in the past couple of weeks as more developer activities contribute to its growth. High SUI price predictions suggest the price has the potential to trade around $30 to $50 before the end of the year as its project remains undervalued.
3. Dogecoin – Dogecoin (DOGE) is one of the best crypto memecoin spoken about as this memecoin has gained much traction in the last couple of weeks despite trading around $0.31 as there have been speculations from crypto experts suggesting the price of DOGE could go to $1 in the current bull cycle considering how DOGE performed in the previous bull market rallying by over 3500%. Such a rally in this bull market could see DOGE trading at a high of $10.
Here are some of the best crypto altcoins speculated to hit $1 after the market crash. DOGE, HBAR, COOKIE, PNUT.
While these tokens can be highly profitable, considering their price performance in the past months, it is important to conduct due diligence on these best crypto altcoins before making key investment decisions.
