The cryptocurrency market is struggling to gain momentum. Bitcoin (BTC) continues to trade at the $95,000 level. The global crypto market cap has dipped 1.2% in the last 24 hours to $3.27 trillion. The low prices could be an excellent entry point for many investors.
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Cryptocurrencies Continue To Stumble
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The crypto market has faced significant hurdles this year. The lackluster performance is especially perplexing as we have a pro-crypto administration in the US. The latest market dip came after accusations of insider trading related to the Libra memecoin. Argentine President Javier Milei is facing a controversy for his connection with the project. President Melie has denied promoting the token.
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The cryptocurrency market may pick up steam over the coming weeks. Let’s look at three assets you could buy during the current market dip.
Top 3 Cryptocurrencies To Buy During The Dip
1. Solana (SOL)
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SOL is among the most popular cryptocurrencies. The asset has faced a significant price correction over the last few weeks. SOL is currently down by 42.5% from its all-time high. The asset could reclaim its peak later this year.
2. Cardano (ADA)
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ADA is another popular cryptocurrency that has lost substantial value. The asset could pick up steam over the coming months. ADA is also among the most developmentally active crypto projects. The prices could be a good entry point for many investors.
3. Shiba Inu (SHIB)
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SHIB is another popular cryptocurrency that has struggled to gain momentum over the last few months. The project has a loyal fan base and may quickly gain traction. The SHIB team is also working on a new burn mechanism that could propel the asset’s price. SHIB could rise to new highs over this year.