Cryptocurrency prices have imploded, with Bitcoin falling from over $108,000 to below $97,000 within a few days. Most meme coins have done much worse, while the crypto fear and greed index has moved from almost 90 to the current 69. This article looks at some of the best altcoins to buy in the dip as the crypto crash continues.
Why the crypto crash is happening
Bitcoin and most cryptocurrencies have tumbled this week. The biggest reason is that the Federal Reserve delivered a highly hawkish decision, which pointed to two interest rate cuts in 2025, down from four. That decision led to a sharp increase in the US dollar index (DXY) and bond yields, pushing people to dump risky assets like crypto.
Cryptocurrencies also plunged as investors booked profits since most of them were up by double or triple digits in the past few weeks. For example, Stellar and Ripple prices jumped by almost 500% in November. Crypto investors often dump tokens after they stage a strong rally.
Still, there are signs that cryptocurrencies will bounce back soon when the ongoing shakeout ends. If this happens, here are some of the top altcoins to buy.
Solana (SOL)
The Solana price has crashed hard in the past few weeks. It has moved from the year-to-date high of $264 to a low of $188. Still, the coin has room to bounce back for a few reasons. First, Solana has a long history of going through deep corrections and then bouncing back. The most notable one was in 2022 after the FTX crash, when it plunged to $7.35. It then bounced back and reached a high of $264 this year.
Further, Solana has strong fundamentals because it has become the most active layer-2 network in the crypto industry. It is the biggest player in the DePIN and meme coin industry, while its DEX networks like Orca, Jupiter, and Raydium are the biggest players in the sector. There are also rising signs that the SEC, under Trump, will approve a SOL ETF.
Solana price has also formed a cup and handle pattern on the weekly chart, pointing to further gains ahead. If this happens, it will rise to over $500 in the long term.
Pepe (PEPE)
Meme coins are some of the best altcoins to buy, especially when Bitcoin is recovering. Historically, these tokens do better because of their low prices. Pepe has one of the best track records in the meme coin industry, as it soared by over 2,000% this year. Unlike other newer coins like Peanut the Squirrel (PNUT) and Mother Iggy (MOTHER), Pepe has existed for almost 2 years.
The coin will likely have some volatility in the next few days since it recently formed a double-top pattern. It will then bounce back and possibly retest the year-to-date high of $0.00002833, which is about 68% above the current level.
Chainlink (LINK)
Chainlink is another good altcoin to buy the dip because of its strong fundamentals. It has become the biggest player in the Oracle industry, helping developers move off-chain data on-chain. It serves some of the biggest players in the DeFi industry, such as AAVE and Compound.
Chainlink (LINK) has also become a big player in a key industry like Real World Asset (RWA) tokenization, which helps convert illiquid assets into liquid ones.
In this case, it has partnered with companies like Coinbase, Emirates NBD, UBS, and Swift. Therefore, there is a likelihood that Chainlink will bounce back and retest the year-to-date high of $31.
Other top crypto to buy
The other good crypto to buy are coins like Hedera Hashgraph, Stellar Lumens, JasmyCoin, and Binance Coin (BNB). These coins have strong fundamentals, are highly popular among traders, and have a high chance of bouncing back.
