Pi Network worth has imploded after the a lot anticipated mainnet launch on February twentieth. It has crashed by over 50% within the final 24 hours, resulting in a $6 billion wipeout as its market cap moved to $4 billion. So, let’s discover a few of the finest crypto cash to purchase for 10x features this yr.
Crypto Coins to Buy After the Pi Network Crash
There’s a vital threat that the Pi coin worth will proceed falling because it mirrors that of different tap-to-earn cryptocurrencies like Hamster Kombat and Notcoin. Different common current airdrops like Wormhole, Grass, and ZkSync have additionally plunged. A number of the high crypto cash to purchase for large features are Litecoin (LTC), Polkadot (DOT), and Algorand (ALGO).
Litecoin (LTC)
Litecoin worth has surged up to now few weeks as the opportunity of a spot LTC ETF approval jumped. That approval will give it entry to extra Wall Avenue analysts. Technicals counsel that the Litecoin worth is about to blow up greater quickly.
LTC has shaped an ascending triangle sample, a preferred continuation signal. It has now moved above the higher resistance stage of the triangle sample and the 23.6% Fibonacci Retracement level.
Due to this fact, Litecoin worth will seemingly proceed hovering, with the subsequent essential stage at $225, the 50% retracement stage that’s about 78% above the present stage. Over time, the value of LTC will surge to a document excessive of $415. The bullish LTC forecast will likely be canceled if the coin drops under the help at $80.
Polkadot (DOT)
Polkadot is one other good crypto to buy even because it sits close to its all-time low. An important basic catalyst is that it’s going by the transition to Polkadot 2.0, which is able to make it a extra vibrant Layer-1 community.
Polkadot worth has additionally shaped a quadruple backside sample at $3.65, a preferred bullish reversal level. There are additionally indicators that it’s in a protracted accumulation part of the Wyckoff Principle.
Which means that the DOT worth could quickly transfer to the extremely bullish markup part that’s characterised by excessive demand. It should seemingly surge from $5.3 to the 50% retracement level at $30, up by 500% from the present stage.
Algorand (ALGO)
Algorand is without doubt one of the high crypto cash to purchase for large features after the Pi Network crash. Like Polkadot, it’s a extremely contrarian cryptocurrency because it has gone by a three-year consolidation part.
Algorand worth has shaped a double-bottom sample at $0.081, and whose neckline was at $0.30. It made a bullish breakout and then retested that neckline. A break and retest is without doubt one of the high indicators of a bullish continuation. Due to this fact, ALGO worth could surge to $1.55, up by 430% from the present stage.
Different Crypto to Buy After the Pi Coin Crash
The opposite notable crypto cash to purchase after the Pi coin crash are Solana, Cardano, Terra Luna Basic, and Mantra.
Continuously Requested Questions (FAQs)
A number of the high crypto cash to purchase after the Pi Networ worth crash are Algorand, BNB coin, Polkadot, and Litecoin.
The Pi coin worth crashed as many pioneers who’ve been mining the token for years bought them to forestall additional losses.
The short-term outlook of the Pi Network worth is bearish as many pioneers will seemingly have panic promoting. It could get better in the long run as buyers purchase the dip.
crispus
Crispus is a seasoned Monetary Analyst at CoinGape with over 12 years of expertise. He focuses on Bitcoin and different altcoins, protecting the intersection of stories and evaluation. His insights have been featured on famend platforms equivalent to BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Disclaimer: The offered content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty for your private monetary loss.
