- •Bullish BNB price predictions by analysts make it one of the best crypto assets to buy.
- •Solana ETF approval due this week has retained bullish sentiment among whales and investors.
- •Dogecoin price will see a recovery to $0.23 amid massive buying near the 200-DMA.
The crypto market has started the week with bullish sentiment returning as it recovered more than $200 billion on Monday. The latest crypto market crash erased over $500 billion from the total market cap.
Surprisingly, whales and long-term holders that were exiting the market have now bought the dip. Bitcoin price recovered over $115K after falling to a sub-$104K level.
Ethereum price made a splendid rebound above $4,100 and targets $4,500 again, but faces strong resistance at $4,200.
However, the investors might have turned cautious, as suggested by the recent pullback recorded in the broader market. Here’s we will spotlight the best crypto to buy as this week unfolds.
Best Crypto To Buy: BNB Price Eyes Rally to $2,000
Binance-linked BNB Chain’s native coin BNB sees no signs of stopping as it smoothly recouped all losses from the crypto market crash. The trending coin even hit a new all-time high (ATH) today, making it one of the top contenders in the best crypto to buy list.
The BNB price hit an ATH of $1,375 on October 13 as Binance co-founder Changpeng Zhao, aka CZ, expressed support for the coin, ecosystem, and the community.
He said BNB is staying strong due to projects putting millions into protecting users and continuing to build for ecosystem growth.
The crypto community quoted Binance as trusted because it takes full responsibility, compensates users, and faces crises with full transparency.
Analyst EGRAG Crypto predicted BNB price to hit at least $2,000. He highlighted a surprise correlation with gold on the 3-month and 1-month charts.
This prediction has further boosted the appeal of the crypto, making it among the best crypto to buy this week.
BNB fell below the trendline in May, after dropping from the $691 peak. BNB price finally surpassed the $700 mark in February after trading below the trendline for four years.
Since then, BNB price has recorded massive gains, with its latest all-time high above $1,330. Notably, EGRAG predicted BNB price to continue following gold’s path, potentially hitting $2,000.
Moreover, popular analyst Ali Martinez shared a bold BNB price prediction of $2,400 on Monday. The 3-day timeframe chart indicates a breakout above $1,180 can take the price toward $2,400 target based on upward price momentum.
Many experts predict it could push towards $2,000 by the end of 2025 if market momentum sustains. This makes a $2,400 target not entirely impossible.
Is Solana Among the Best Crypto to Buy List?
Solana is another best crypto to buy now, which many analysts are bullish on. Market experts noted that SOL is among the safest bets amid growing adoption amid the DeFi and TradFi boost.
Moreover, multiple Solana ETFs by issuers 21Shares, VanEck, Canary, and Bitwise are due for approval by the U.S. SEC on October 16.
Bloomberg senior analyst Eric Balchunas raised the odds of Solana ETF approval from 95% to 100%. ETF expert Nate Geraci said ETFs will get approved as soon as the U.S. government shutdown ends.
Moreover, whales have already started buying amid massive Solana price predictions by analysts. They purchased the dip during the market crash, causing SOL price to jump over 7% to over $198 on Monday.
Analyst Skew pointed out that dips into $180 were bought up quickly, which is likely the key level for further upside.
Crypto Tony recommended going long near $175 support zone. He is looking to invest to tap up to $203 move, with bulls need to surpass $190 for a leg up.
Recently, Ali Martinez predicted a massive parabolic run $520 if it holds above $260. According to the weekly chart, SOL price could witness multiple breakouts, with the price still moving in the ascending channel.
Dogecoin Price on an Upside Run
Dogecoin price jumped 5% in the past 24 hours, with the price currently trading at $0.206. The 24-hour low and high are $0.196 and $0.214, respectively.
Furthermore, a 60% rise in trading volume has supported price rebound in the last 24 hours, indicating a rise in interest among traders. This also makes it among the top choice for investors who are looking for the best crypto to buy this week.
This comes as analysts suggested $0.19 looks like a strong buy-the-dip zone for a potential rally. The next targets are $0.23 and $0.29 as per both Ali Martinez and Crypto Tony.
The Relative Strength Index (RSI) supports a price rebound. DOGE will likely rebound as investors will look to buy longs near the 200-DMA level at $0.206 for a rebound to $0.239, making a further 15% rally as recommended by analysts.
Also, the final deadline for the US SEC to approve the Grayscale Dogecoin ETF is on October 18. In other crypto market news, Bitwise and 21Shares are other issuers awaiting approval from the commission for DOGE ETF.