A high profile crypto analyst who continues to have a large following due to his bullish XRP views reveals the names of coins he believes are solid buys amid the violent withdrawal.
In a new tweet, the trader known as Credible Crypto tells its 161,600 followers that it is closely monitoring large-cap coins as the market digests the abrupt correction.
“For the time being, large caps determine the day. Some of my personal favorites that I think are great purchases on this dip right now: BCH (Bitcoin Cash), LTC (Litecoin), XRP, ETH (Ethereum). ”
On Saturday, the broader crypto market collapsed when Bitcoin fell from around $ 60,000 to $ 52,000 in a matter of hours. Bitcoin Cash, Litecoin, XRP and Ethereum were not spared the sudden downturn when large-cap coins fell along with Bitcoin.
According to CoinGecko, Ethereum fell from $ 2,393 to a low of $ 1,970. The move means losses of almost 18% in just a few hours.
The XRP fell from $ 1.60 to just $ 1.19, wiping out over 25% of its valuation.
Litecoin lost nearly 25% of its value when it fell from $ 317 to $ 243.
Bitcoin Cash was down 22% from $ 1,068.73 to $ 833.50.
In the midst of the market-wide retreat, Credible Crypto reveals that it is buying the dip.
“At this dip, BCH, LTC, XRP and HBAR were added. (Sorry, ETH has decided that I’ve had enough of you.)
With Bitcoin, the trader realizes that he no longer has the leading cryptocurrency.
“I lost the key level and went straight to the bottom of an area. Quite a heavy drop here. Brief hedges closed at $ 54,000 and are now watching us settle here. BTC. “
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