The cryptocurrency market seems to be consolidating after the recent selloff. Bitcoin (BTC) is hovering just below $57,000, rallying 0.9% in the daily charts. The global crypto market cap continues to decline, falling 0.3% in the last 24 hours to $2.08 trillion.
Before looking at the three crypto assets you could buy before the next bull run, let’s understand why the market is slumping.
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Why Did the Crypto Market Fall?
September has usually been a bearish month for the cryptocurrency sector, and 2024 seems to continue this trend.
The current market slump is likely due to macroeconomic factors. Investors are still cautious despite the Federal Reserve’s announcement of an interest rate cut.
Another reason could be the selloff by short-term Bitcoin (BTC) holders. Many people purchased the original cryptocurrency during its March high, and these investors may be on a selling spree.
Top 3 Cryptocurrencies for the Next Bull Run
1. Popcat (POPCAT)
Popcat (POPCAT) has been among the best-performing crypto assets in the last few months. It is currently the 116th largest crypto by market cap. During the next bull run, the asset could climb into the top 100 projects.
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CoinCodex predicts the cryptocurrency will breach the $1 mark this month and eventually hit an all-time high of $1.98 on Oct. 3, 2024.
2. Dogwifhat (WIF)
WIF is another popular cryptocurrency that has performed incredibleally over the last year. The Solana-based meme coin has quickly climbed the charts and is currently the 53rd largest project by market cap.
CoinCodex predicts WIF will surge throughout the next month, hitting a new all-time high of $5.42 on Oct. 3, 2024.
3. Shiba Inu (SHIB)
SHIB is one of the most popular cryptocurrencies in the market. Investors could buy SHIB at lower prices during the current market dip. The asset’s popularity could push the token’s price in the next bull run.
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CoinCodex expects SHIB to continue trading at around current levels by Oct. 3, 2024. Despite the bearish outlook, SHIB could hit a new all-time high in the next bull run.
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