The cryptocurrency saw a sharp drop on Tuesday that pushed the total crypto market cap to a 4-month low as liquidations surpassed $1.5 billion. This massive decline has stirred interest among investors looking to buy the dip and capitalize on long-term profits. Below are the top 4 crypto tokens to buy today if you are looking for significant returns.
Top 4 Crypto Tokens to Buy Today for Long-Term Profits
Some altcoins tend to perform well even during bear markets by defying the broader market sentiment. Here are four crypto tokens to buy that can potentially deliver parabolic long-term profits despite the headwinds.
Ripple (XRP)
Ripple (XRP) price trades at $2.23 today after a 10% drop in 24 hours. Despite the drop, XRP has the potential to make a strong rebound due to institutional adoption. Per CoinShares, the altcoin had the $38M inflows last week, which was the highest across the market. Since November 2024, XRP has seen $819M inflows.
Rising inflows suggest rising demand that could bode well for the price. However, in the near term, the altcoin still faces bearish pressure. XRP has breached the lower trendline of its ascending trendline, which increases the likelihood of a drop to $1.76.
XRP/USDT: 1-day Chart
If XRP drops further from this support, a price rally to $1.35 is likely. Conversely, if traders buy the dip, it needs to break past the upper trendline to aim for $3.14.
Solana (SOL)
The other best crypto token to buy today for solid returns is Solana (SOL), which saw $9M inflows last week, and $30M inflows over the past month. Anticipation around the potential approval of a SOL ETF seems to be driving institutional adoption, making it a good choice for traders who want to buy the dip.
Like many altcoins, Solana price forecast shows bearish trends after the altcoin season index fell to its lowest point since November. The Solana ecosystem is also experiencing lagging performance after the number of active users and core developers tanked.
Despite these factors, Solana is still the best crypto to buy as it is still trading above its one-year support level of $119. If traders buy the dip, Solana price may recover to the 61.8% Fibonacci level of $186. This could pave the way for a rally towards $300.
SOL/USDT: 1-Month Chart
Ethereum (ETH)
Despite the bearish pressure that faces the rest of the cryptocurrency market, Ethereum’s price has successfully defended a multi-month support level of $2,300 suggesting that buyers are actively buying the dip and accumulating at lower prices.
At the same time, Ethereum whales holding between 10K and 100K ETH have increased their holdings by 24% over the past year. This suggests they have been buying despite the sluggish price performance.
Ethereum whale addresses
According to CryptoQuant CEO Ki Young Ju, the rising whale activity and other bullish catalysts like inflows from ETH ETFs and network usage bode well for Ethereum price prediction, making it the best crypto to buy during the dip.
SUI (SUI)
SUI price trades at $2.80 today after a 7% drop in 24 hours. The altcoin has year-to-date inflows of $37M per the CoinShares report, suggesting that investors anticipate that the altcoin may perform well in the near term.
SUI’s Relative Strength Index (RSI) on the daily chart has fallen to 36, indicating that selling pressure may weaken. This could precede a potential recovery to resistance at $3.47.
SUI/USDT: 1-day Chart
As Coingape reported, analysts are also bullish that SUI price could rally 35% in the coming days. This further positions it as one of the top crypto tokens to buy during the dip.
Final Thoughts – 4 Top Crypto Tokens to Buy
The crypto market is a highly volatile space that witnesses rapid price swings. Following the recent crash, investors are looking for opportunities to buy the dip as they speculate that the prices may recover.
However, given that crypto is a high-risk asset, investors should remain cautious before choosing the best crypto token to buy for long-term profits.
The post Top 4 Crypto Tokens to ‘Buy the Dip’ for Long-Term Profits After $1.5B Liquidations appeared first on CoinGape.
