As Bitcoin drops to around $99,000, the cryptocurrency market cools down, prompting investors to seek new opportunities in altcoins. Escalating global tensions and economic concerns have shaken the market, leading to significant price drops for altcoins. Despite this lull, some altcoins are quietly gearing up for a strong rebound. Below are the top discounted altcoins worth buying during the market downturn.
XRP (XRP)
Current Price: $2.02
24h Change: -2.3%
Analysis:
- The current trend is bearish, but XRP may rebound in July.
- Expected price range: $1.91–$2.22.
- Despite a 12% monthly decline, analysts predict a potential 10% rise if bullish conditions align.
👉 Discover more about XRP's potential rally
Stellar (XLM)
Key Insights:
- Often overshadowed by XRP but offers faster transactions and lower fees.
- Strong partnerships in cross-border payments.
Why Buy Now?
- Historically undervalued during market corrections.
- Potential breakout if adoption accelerates.
SUI (SUI)
Emerging Contender:
- A newcomer with scalable smart contract capabilities.
- Backed by former Meta developers.
Market Outlook:
- Watch for ecosystem growth and developer activity.
Dogecoin (DOGE)
Community-Driven Momentum:
- Recent dips may offer entry points for long-term holders.
- Influencer endorsements and memes keep it relevant.
Cardano (ADA)
Fundamentals Focus:
- Peer-reviewed blockchain with strong academic backing.
- Upgrades like Hydra could boost scalability.
Buying Opportunity:
- Current prices reflect temporary sentiment, not long-term value.
FAQs
Q: Are these altcoins safe investments during a downturn?
A: While risky, their fundamentals and historical resilience make them compelling for diversified portfolios.
Q: What’s the best strategy for buying discounted altcoins?
A: Dollar-cost averaging (DCA) reduces timing risks.
Q: How long should I hold these altcoins?
A: Monitor market cycles—typically 6–18 months for substantial gains.
👉 Explore altcoin trading strategies
Note: Always conduct independent research before investing.