Markets
Best Cryptocurrency to Buy Now as Market Crash Hits Bottom
Meme Coins are making a huge comeback after last week’s market crash, taking center stage as the best cryptocurrency to buy right now. With the Bitcoin Price Hanging by a thread above the $56,000 level, trading at $57,248, altcoins are rapidly recovering.
AS Ethereal bounces above $3,000, the altcoin market is heading higher and aims to reclaim pre-crash levels. Amid the resurgent market, top performing meme coins are making waves and posting double-digit gains in the last 24 hours.
This year, smart money’s focus on meme-based cryptocurrencies makes them a retail investment choice. So, here are the top meme coin picks as the best cryptocurrency to buy right now in the resurgent market.
Will PEPE turn this bull cycle into a turning point rally?
With a market cap of nearly $4 billion, this frog-themed meme coin ranks as one of the top-performing and high-ranking coins in the cryptocurrency world. Second only to legendary coins DOGE and SHIB, the PEPPER price has surpassed the big names in the cryptocurrency industry.
In a correction phase, PEPE price reveals a descending channel, which represents a 42% decline in 42 days. However, the meme coin records a YTD growth of 652%, outperforming most major altcoins and Bitcoin.
Currently, the recovery rally for PEPE has started from the support trendline and the 78.60% retracement level. This marks a bullish cycle inside the pullback channel and teases a breakout rally.
A breakout rally could pump PEPPER above the $0.000010 mark or the 50% retracement level. The next potential targets are the $0.00001391 mark or $0.00001669 mark, which represents almost a 50% to 75% rally.
With a 23% jump, is BONK the best cryptocurrency to buy right now?
As a new dog-themed meme coin based on the Solana ecosystem, the BONK Price is witnessing huge moves in 2024. With the daily chart filled with incredibly huge pump and dump moves, the meme coin is gearing up for a fresh rally.
Holding above the crucial support level of $0.000020 or the 23.60% retracement level, BONK price jumps 23% as the market bottoms out. With two bullish candles and an 8% intraday jump, the 23% price jump teases a breakout of the 38.20% level.
With the resurgence of high demand and hype for meme coins, BONK price is likely to surpass the $0.00002679 mark. The breakout rally could pump the Solana-based dog-themed cryptocurrency to the $0.000045 mark and reach a market cap of over $2 billion. Therefore, it is definitely positioned as one of the best cryptocurrencies to buy right now.
Healthy Pullback for BRETT Meme Coin Reveals 55% Upside
Capitalizing on PEPE’s popularity, BRETT is based on his best friend character. The meme coin is based on the BASE ecosystem and has increased by almost 300% in a few months. With a value of $0.11747, BRETT’s market cap survives the crash and stays above the $1 billion mark.
On the daily chart, BRETT token is forming a morning star pattern at the crucial demand level of the 50% retracement level. Improving the bullish dominance at the psychological level of $0.10, the meme coin is poised for a bull run, following the intraday jump of 9%.
With a trend reversal pattern in a key area of interest, the chances of a bullish reversal are significant. Based on Fibonacci levels, the price of BRETT meme coin could peak at $0.18 for a 55% increase. Optimistically, the bullish trend could reach the psychological limit of $0.20.
Read also: Bitcoin Price Today: Will BTC Price Bounce or See Further Decline?