As the value of cryptocurrencies goes down, the overall market worth has fallen by 7% in just two days to $2.62 trillion. Bitcoin, the biggest cryptocurrency, also went down from $71,300 to $66,000. This has impacted other major cryptocurrencies too, with bearish trends now taking over the market.
During the market downturn, well-known crypto analyst Michaël van de Poppe has curated a list of the top 10 altcoins, highlighting potential buying opportunities amidst the dip.
Chainlink (LINK) – Market Cap: $10.6 Billion
Despite a recent 40% drop, Chainlink offers a compelling buying opportunity as it approaches a cycle low. Currently trading at $18, with a notable 31.6% surge in trading volume to $630 million.
Celestia (TIA) – Market Cap: $2.16 Billion
Experiencing a substantial 61% drop from its peak, Celestia emerges as a potential high-gaining project in the current cycle. Currently priced at $12.34, with a slight drop observed in the last 24 hours.
Arbitrum (ARB) – Market Cap: $3.9 Billion
Arbitrum, a Layer 2 Rollup system, has seen a significant 60% value drop. Despite this, ARB presents a buying opportunity after the recent unlocking of 1.1 billion tokens, causing notable selling pressure. As the market stabilizes, ARB aims for its all-time high.
Polkadot (DOT) – Market Cap: $12.4 Billion
Polkadot's cycle low valuation offers an attractive opportunity post the release of Polkadot 2.0 and progressive ecosystem growth. Currently priced at $8.70, with a slight decrease observed in the last 24 hours.
DYDX (DYDX) – Market Cap: $1.4 Billion
Closely tied to DeFi and Ethereum, DYDX is consolidating at a low value compared to Bitcoin, indicating potential growth in decentralized exchange development. Visit coinpedia.org for more information on these altcoins.
https://coinpedia.org/news/crypto-expert-list-out-top-10-altcoin-with-biggest-return-in-2024/