CoinDesk Report:
Despite today’s cryptocurrency market crash, I believe it’s crucial to identify the top cryptocurrencies for investment rather than panic selling. Certain cryptocurrencies may offer better prospects than others due to their long-term potential.
Solana (SOL):
Solana has seen a 20% decline over the past month, with an additional 10% drop today. Nevertheless, there are compelling reasons to remain optimistic about SOL.
In this context, it wouldn’t be surprising if SOL achieves historic highs in the BlackRock ETF news, akin to Bitcoin and Ethereum.
Similarly, with Donald Trump, a pro-crypto candidate, gaining traction for the November presidential election, the likelihood of a spot SOL ETF approval is increasingly plausible.
Lastly, throughout this cycle, Solana has consistently been the first cryptocurrency to rebound when the crypto market turns bullish, making it a preferred choice despite ongoing crashes.
Dogwifhat (WIF):
Dogwifhat, the top-ranked meme coin on-chain, shows strong correlation with Solana, thus benefiting from the same bullish outlook.
Moreover, WIF not only correlates with Solana but also serves as its litmus test.
Therefore, Dogwifhat could potentially be one of the best large-cap cryptocurrency investments, particularly if a Solana ETF gets approved.
Chainlink (LINK):
Similar to Solana, Chainlink is among the first altcoins to rebound when the crypto market starts to turn bullish. This might be one of the last opportunities to buy LINK at a dip if Bitcoin indeed finds its bottom.
In a crypto market saturated with meme coins, Chainlink’s bullish strength largely stems from its robust fundamentals.
It continues to pave the way for next-generation technologies in other cryptocurrency projects.
PEPE:
Pepe reached a historic high market cap of $7.1 billion, now reduced to $3.9 billion amidst the crypto market crash. This suggests that investors buying Pepe today during the dip could potentially double their returns if this meme token tests its historical peak again.
However, most experts believe PEPE’s bullish trajectory is far from over. Many anticipate a surge for Pepe during the bull market cycle, much like the impact on Shiba Inu Coin and Dogecoin.
After all, Pepe Coin remains Ethereum’s litmus test, akin to the relationship between WIF, Solana, and ETH. Given the upcoming institutional investments with the spot Ethereum ETF set to start trading in mid-July, PEPE is expected to deliver outsized returns.
