3 Best Altcoins to Buy The Dip As S&P 500 Loses $3.5 Trillion in Two Days
Following the April 4 meltdown of the US stock market, the cryptocurrency market is still facing severe headwinds. The market capitalization of the S&P 500 index, which follows the top 500 US corporations, has dropped by more than $3.5 trillion in the past two days. This post examines the top three altcoins to purchase for substantial gains amid this decline in risky assets.
Due to macro fears, the S&P 500 loses $3.5 trillion.
One of the industries most severely impacted by President Trump’s escalating tariff battle is the US stock market. The market capitalization of the S&P 500 has dropped by around $3.5 trillion in the past two days.
The S&P 500 index hit its lowest level since August 2024 on Thursday, closing at 5,396 points. The Wall Street Journal warned that the Nasdaq index might be on the verge of a bear market as it dropped more than 1,000 points at the same time.
The decline in the US stock market has been reflected in the cryptocurrency market. Ethereum’s price has dropped to $1,700, while Bitcoin’s price ranges between $81,000 to $84,000. However, traders ought to think about purchasing altcoins while the market is down.
Altcoins to Purchase the Dip in Contrary to Macro Concerns
With some solid fundamentals, favorable news, and storylines indicating they can maintain momentum in spite of the slump, three cryptocurrencies stand out. Tron (TRX), Shiba Inu (SHIB), and Ripple (XRP) are the 3 Best Altcoins to Buy during the slump.
price of Ripple
The price of Ripple (XRP) is up 3.4% today, trading at $2.06. Coinbase applied for XRP futures with the CFTC, making XRP one of the altcoins to purchase. At the same time, a definitive statement about the SEC v. Ripple case will be released on April 16, which is a significant day.
Bulls are trying to reenter the market, according to the Ripple 4-hour price chart. Despite still being in the negative area, the ADX histogram bars have turned green. High levels of purchasing activity could result from this.
The key resistance level to keep an eye on is $2.34 if traders build up throughout the decline and a reversal occurs. The volume profile bars indicate that there has been prior buying activity at this level, which could contribute to the upward momentum. Because of this, Ripple is one of the 3 top altcoins to buy
Shiba Inu (SHIB)
One of the best altcoins to purchase is the Shiba Inu meme coin. Strong fundamentals for this meme coin could propel a price increase. Shibarium, SHIB’s layer 2 network, is about to undergo significant network upgrades, according to a recent Coingape story.
The SHIB burn rate has been increasing concurrently. With 48M SHIB tokens being taken out of circulation at the time of writing, this burn rate had increased by more than 1,900%.
According to the hourly chart, Shiba Inu is trying to break out of a descending triangle pattern. SHIB might initiate a powerful advance to $0.0000134 if it flips resistance at the top trendline.The RSI also stands at a neutral zone of 49, and if buyers enter the market, it could aid the uptrend.
Tron (TRX)
A positive Tron price prediction may be seen on the TRX four-hour price chart. TRX is currently trading within an ascending parallel channel with a string of higher highs, in contrast to several other altcoins that have recently been under negative pressure. This demonstrates upward momentum.
The optimistic outlook is also supported by technical indications. The MACD line has produced a buy signal after crossing above the signal line, and the RSI is at 60. Tron is among the 3 best altcoins to purchase because of its technical configuration.
Summary of Top Altcoins to Buy
The S&P 500 has shed more than $3.5 trillion from its market cap in the last two days due to macroeconomic fears. The crypto market has also mirrored this decline as Bitcoin and most altcoins struggle under bearish pressure. Despite these headwinds, the top altcoins to buy during the dip include XRP, SHIB, and TRX.
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