The cryptocurrency market confronted a considerable dip on Monday, Feb. 3, 2025. Bitcoin (BTC) briefly fell beneath $93,000. The market has since made a slight restoration. BTC has reclaimed the $97,000 value level. Regardless of the rally, the crypto market continues to stagnate.
Additionally Learn: Trump Pulls US from UN Human Rights Council Over Deep Anti-American Bias!
Why Did The Cryptocurrency Market Dip?
Monday’s market correction was doubtless as a result of US imposing heavy tariffs on Canada and Mexico. The tariffs are an try to fight commerce deficits and unlawful border crossings.
The cryptocurrency market recovered a bit on Tuesday after the US paused tariffs for 30 days.
Let’s have a look at three memecoins that you must watch throughout the market dip.
Additionally Learn: Amazon (AMZN) Stock Surges Ahead of Tomorrow’s Q4 Earnings – Analysts Weigh In
Top 3 Meme Cryptocurrencies To Buy During The Dip
1. Dogecoin (DOGE)
DOGE is the unique meme cryptocurrency. The asset might witness a surge this yr because of many bullish developments. President Trump has accredited the Division Of Authorities Effectivity (D.O.G.E.) with Elon Musk at its head. Musk is a vocal DOGE supporter. DOGE might witness a surge as soon as the market is again on monitor. Musk might additionally embrace DOGE in his X social media cost function.
2. Pepe (PEPE)
PEPE is one other meme cryptocurrency that might rise this yr. The Solana-based memecoin is among the many best-performing cryptocurrencies of the final two years. The asset has shortly climbed the charts and will hit a brand new all-time excessive when investor sentiment rises.
3. Dogwifhat (WIF)
Additionally Learn: US Congress Forms Crypto Task Force—Brace for New Regulations!
WIF is one other Solana-based meme cryptocurrency that witnessed unbelievable progress in 2024. The dog-themed crypto has slipped out of the highest 100 initiatives by market cap after the current correction. The asset might reclaim its spot among the many prime 100 initiatives as soon as the market positive factors traction.
