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3 Coins to Stockpile During the July 2024 Dip
With Bitcoin hitting the $54K mark this morning, analysts and investors are currently echoing strong buy calls across social platforms. The cryptocurrency realm is full of unprecedented interventions as volatility prevails across the sector. However, for some bold investors, the current bearish market sentiment could be a blessing in disguise.
Here are our top three coin recommendations for those looking to accumulate coins and buy precious cryptocurrencies in July.
Read too: Cryptocurrency: 3 Hot Coins to Buy Before Bitcoin Hits $75K
Coins to stock up on in July’s continued market slump
Cryptocurrency #1- Bitcoin
While some investors are projecting a stress stance on Bitcoin hitting $54K, many are seeing it as a chance to buy the precious BTC dip. Santiment has previously reported how calls to buy the current market dips have intensified FUD, which is prompting investors to either sell their bids or buy them in excess. However, as several analysts are taking a view on how Bitcoin could hit a new price cap of $75K soon, bold investors are keen to buy the current BTC dip and make the most of it.
According to Currency codeBitcoin could reach $108,000 by the end of 2024. This makes Bitcoin an ideal currency to hold and store for the long term.
“Bitcoin could trade within a range of $54,885 and $108,861. If it hits the upper price target, BTC could surge by 99.30% and reach $108,861.”
Cryptocurrency #2- Ethereum
Ethereum is also another notable crypto token that is currently trading under a bearish price level of $2,869. The token has dropped by 9% in the last 24 hours. With the Ethereum ETF approval in the mix, the price of Ethereum is expected to claim a new ATH very soon. This development makes Ethereum an ideal coin dip to explore considering the flourishing ecosystem that the token is poised to disseminate and offer to its investors.
According to Currency codeEthereum could surge by almost 81% and trade at the $5,245 price level.
Ethereum could trade within a range of $3,090.28 and $5,245.89. If it hits the upper price target, ETH could surge by 81.79% and reach $5,245.89.
Cryptocurrency #3- Shiba Inu
Shiba Inu is known for its extensive infrastructure development that is poised to help the token claim new price highs. As Bitcoin trades at a low price level of $54K, SHIB is currently at a price level of $0.00001335, down 13% in the last 24 hours. The token, however, is poised to grow stronger with the influx of new elements that its ecosystem will soon be injecting into it.
The Shiba Inu system will soon see new updates from Shibarium, a blockchain version of Shiba Eternity, to name a few significant developments in line to help the token ascend. With such lucrative benefits attached, the current shib dip should be exploited by investors with full strength and courage.
Read too: XRP Mid-July: 20% Surge in Cards for Ripple as Buyer Demand Increases
According to Currency codeShiba Inu is ready to trade at an impressive price level of $0.00002882.
“Shiba Inu could trade within a range of $0.00001104 and $0.00002882. If it hits the upper price target, SHIB could surge by 116.42% and reach $0.00002882.”