The crypto market is undergoing a sell-off, with the global market cap dipping 2.3% in 24 hours to $2.48 trillion. With prices down, now could be a good time for many new investors to step into the cryptocurrency market. The latest market dip could also present an opportunity to existing investors to buy more coins and reduce the average cost of each token that they hold.
Let us look at three crypto asset worst buying in this dip.
Best cryptocurrencies to buy during the dip
BTC:
BTC is the market leader and other assets usually follow its trajectory. BTC’s price has stopped to around $65,500, falling by nearly 5% in the last 14 days.
Bitcoin (BTC) is a solid cryptocurrency to own and many analysts predict the asset to surge to new highs later this year. BTC is also among the best-performing assets of the last decade-and-a-half, outperforming major tech stocks as well.
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BTC’s performance over the last decade,and positive forecasts for its price make it a worthy asset to add to any investor’s portfolio.
Shiba Inu (SHIB):
SHIB is one of the most popular cryptocurrencies in the market. The asset has turned many early investors into multi-millionaires and, in some cases, even billionaires. The popular dog-themed crypto’s incredible performance during the 2021 bull run has solidified its image as a millionaire-maker.
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SHIB has faced a drastic price drop in the last few days. Its price has fallen below the $0.00002 mark for the first time in nearly two months.
Pepe (PEPE):
Pepe (PEPE) is also among the best-performing cryptocurrencies of the past one year. The memecoin has reached multiple all-time high. The latest peak was achieved in mid-May.
The asset is undergoing a price decline over the last couple of days, but many believe that once the market improves, it will rise again.