Markets
The Best Cryptocurrencies to Buy Right Now as the Market Crash Comes to an End
Meme coins are making a comeback after last week’s market crash, taking center stage as the best crypto to buy right now. Bitcoin Price Hanging by a thread above the $56,000 level, trading at $57,248, altcoins are quick to recover.
As Ethereum bounces back above $3,000, the altcoin market is heading higher and aims to reclaim pre-crash levels. Amid the market recovery, the top-performing meme coins are making waves and registering double-digit gains in the last 24 hours.
This year, the interest of savvy investors in meme-based cryptocurrencies is making them a retail investment choice. So here are the top meme coin picks as the best cryptocurrencies to buy right now in the rallying market.
Will PEPE turn this bull cycle into a breakout rally?
With a market cap of nearly $4 billion, this frog-themed meme coin ranks among the best performing and highest ranked in the crypto world. Second only to legendary coins DOGE and SHIB, the PEPE Award has surpassed the big names in the crypto industry.
In the correction phase, PEPE price reveals a descending channel, representing a 42% decline in 42 days. However, the meme coin records a YTD growth of 652%, outperforming most major altcoins and Bitcoin.
Currently, PEPE’s recovery rally has started from the support trendline and the 78.60% retracement level. This marks a bullish cycle within the declining channel and suggests a breakout rally.
A breakout of the rally could propel PEPE beyond the $0.000010 mark or the 50% retracement level. The next potential targets are $0.00001391 or $0.00001669, representing an upside of nearly 50% to 75%.
With a 23% jump, is BONK the best crypto to buy right now?
As a new dog-themed coin based on the Solana ecosystem, the BONK Prize is seeing massive moves in 2024. With the daily chart filled with incredibly huge pump and dump moves, the meme coin is gearing up for another rally.
Holding above the crucial $0.000020 support level 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 hints at a breakout of the 38.20% level.
With the high demand and hype for meme coins, the price of BONK is likely to surpass the $0.00002679 mark. The breakout rally could propel the Solana-based dog-themed cryptocurrency to reach the $0.000045 mark and reach a market size of over $2 billion. Thus, it is definitely positioned as one of the best cryptocurrencies to buy right now.
Healthy Pullback for BRETT Meme Coin Reveals 55% Rise
Taking advantage of PEPE’s popularity, BRETT is based on his best friend’s character. The meme currency is based on the BASE ecosystem and has increased by almost 300% in a few months. Trading at $0.11747, BRETT’s market cap survives the crash and remains above the billion-dollar mark.
On the daily chart, the BRETT token is forming a morning star pattern at the crucial demand level of the 50% retracement level. Improving bullish dominance at the psychological mark of $0.10, the meme coin is ready for a bull run, following the 9% intraday surge.
With a trend reversal pattern in a crucial area of interest, the chances of a bullish reversal are high. According to the Fibonacci levels, the BRETT meme coin price could reach the peak of $0.18 for a 55% increase. Optimistically, the uptrend could reach the psychological mark of $0.20.
Read also: Bitcoin Price Today: Will BTC Price Rebound or Face Further Declines?