The cryptocurrency market witnessed recovery over the weekend. Even though most assets started July 2024 on a bad note, they might be trying to end it on a rather good one. Bitcoin [BTC] was seen trying to hike above the $60,000 level. At press time, the king coin was trading at $59,880 with a 3% surge over the day. Amidst this volatility, a prominent cryptocurrency analyst Sheldon The Sniper urged the market to purchase three specific cryptocurrencies before it is too late.
On his YouTube channel, the analyst listed a few assets that he thought would be a good idea to buy. He even said that given his belief that the bottom is almost in, now may be a good moment to start purchasing these tokens.
Cryptocurrencies To Buy This Altcoin Season
Dogecoin [DOGE] – Elon Musk’s favorite cryptocurrency recorded a major dip throughout the month. But the meme coin was turning things around with a 5% daily surge. At press time, DOGE was trading at $0.1137. Sheldon noted that the goal of DOGE is to retest previous highs, having recently broken out.
Ripple [XRP] – Sheldon said that XRP is displaying excellent strength, indicating that the altcoin’s price may rise sharply from where it is now. Following a roughly 3% daily rise, XRP was trading at $0.527 at the time of writing.
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Solana [SOL] – Last but not least, the analyst talked about Solana’s potential and how, after Bitcoin’s July 10 rally, it broke a notable resistance. He talked about how Solana fell from as high as $154 to about $120, but it rebounded strongly and is now back in the $140 region. Currently, SOL trades at $144.92 with a 4% increase in the last 24 hours. He thinks the cryptocurrency may soon make a comeback to the $150 region, wiping off all of the losses from the most recent market decline. On Solana’s chart, he also noted a bullish pattern that suggested a long-term hold.
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