Why Did Crypto Crash? Market Prediction & Best Altcoins to Buy Before Next Pump

Bitcoin’s recent 16% rally from September 26 to October 6 ushered in a new wave of enthusiasm across the crypto space as the token hit a new all-time high of $126,230.

Even the total crypto market cap, which more or less follows Bitcoin, reached a new all-time high of $4.27T.

This then begs the question: has crypto reached a market top, or is this just a small bump in what’s otherwise shaping up to be a glorious Q4 for the market?

Read on as we unpack crypto’s recent market drop. We’ll discuss whether it’s justified to call it a crash and how you can make the most of it.

We’ll also delve into why this could actually be the perfect time to load up on the best altcoins to buy right now – including the likes of Bitcoin Hyper ($HYPER) and Maxi Doge ($MAXI) – before the next run-up begins.

Why Crypto’s Latest Dip Is a Healthy Correction, Not a Crash

Calling yesterday’s drop a crash is a gross exaggeration, given that we saw a huge one-sided rally in the 11 days prior to yesterday – the total crypto market cap rose from $3.68T to a high of $4.27T without stopping for a breather.

So, it was almost expected – and actually quite ideal – that we’re now seeing a correction/pause after such a strong rally.

🤔 Think of it this way… Markets, whether it’s stocks or crypto, are like sprint runners. After one massive push, it’s almost impossible to continue without taking a break. And this is exactly what we’re seeing right now.

It’s not just Bitcoin or Ethereum either; tokens like Solana and XRP are all following the same story, merely taking a break before likely continuing their long-term bullish rallies.

Speaking of what’s to come next, we can use Bitcoin’s technical analysis to draw a market-wide picture. Bitcoin’s recent rally came after the breakout of a descending triangle pattern, which it broke on October 1 when it gained nearly 4% in a single day.

And technically speaking, Bitcoin hasn’t yet fully realized the target of this pattern – the width of the triangle gives a price target of around $137K.

So, while Bitcoin is still a bit away from that level, it’s actually healthy that it reached the high of the pattern (which also happened to be a new ATH), and is now pulling back to gather more momentum before continuing.

Right now, even after yesterday’s so-called ‘crash,’ Bitcoin is still trading above a 10 Exponential Moving Average (EMA) on the daily chart, meaning it remains incredibly bullish.

In fact, it would be even more ideal if Bitcoin pulled back slightly more, perhaps to the 10 or 20 EMA, or even to its previous resistance of around $118K.

That would make for the most ideal retest scenario, giving more confirmation that the token is indeed gearing up for another rally.

With that in mind, this small correction actually gives investors the perfect opportunity to buy low-cap coins that could explode alongside the broader crypto market in the coming months. Here are our top three suggestions.

1. Bitcoin Hyper ($HYPER) – New Layer-2 Solution for Fast Transactions and Web3 Support

With crypto taking a breather before continuing its rally, this could be the perfect time to load up on high-potential presale gems like Bitcoin Hyper ($HYPER).

$HYPER stands out for its never-before-seen mission to turbocharge the Bitcoin blockchain with lightning-fast executions, low fees, and support for Web3 and DeFi apps.

Thus far, Bitcoin has largely been considered an investment vehicle – a direct reflection of the crypto market in general.

While that status is almost impossible to replicate, the fact remains that as crypto evolves and more blockchains become central to the ecosystem, Bitcoin could lose its sheen if it doesn’t ramp up its technical capabilities.

$HYPER, therefore, could be key to maintaining Bitcoin’s dominance in the coming years.

It’s building a new Layer-2 solution for the network, one that will integrate the Solana Virtual Machine (SVM) to finally allow the blockchain to execute thousands of transactions simultaneously while still preserving its native security.

On top of that, Bitcoin Hyper will also enable developers to build smart contracts and decentralized applications on Bitcoin, finally addressing the age-old complaint that Bitcoin isn’t compatible with the Web3 segment.

Currently in presale, $HYPER has already accumulated an eye-popping $22.5M from early investors. The best part? Each token is currently available for just $0.013085 – one of its lowest-ever prices. Plus, you can stake your tokens for 52% APY.

Hop in now – Bitcoin Hyper is taking Bitcoin to Web3.

2. Maxi Doge ($MAXI) – Dogecoin-Themed Meme Coin Prepping for 1000x Gains

If you want to unlock the full potential of the upcoming altcoin boom, consider including a hype-fueled meme coin like Maxi Doge ($MAXI) in your crypto portfolio.

$MAXI stands out for its absurd yet engaging mission to overtake Dogecoin as the number one meme coin on the planet. Sure, the idea itself is a tall order, but the reasoning behind it explains why $MAXI has already gathered over $2.8M in its ongoing presale.

You see, Maxi Doge and Dogecoin are distant cousins. Growing up, Dogecoin’s pomp, popularity, and wholesome vibe made him the star of every family gathering, while Maxi was ignored, even by his own mother.

That neglect filled Maxi with an insatiable rage, which he then channeled into his gym sessions and chart studies, crafting the perfect plan to take his ultimate revenge on Dogecoin.

The plan? Go insanely viral both inside and outside the crypto landscape. $MAXI aims to achieve this by going all-in on marketing.

The developers have reserved a whopping 40% of the total token supply for promotional efforts, including PR campaigns, influencer collaborations, and social media blitzes.

Even better, if you become a $MAXI holder, you’ll gain access to exclusive community tokens and holder-only events such as weekly trading competitions and leaderboard prizes.

Furthermore, Maxi also aims to become the perfect medium for meme coin degens chasing whale-like returns. It plans to do this by securing listings on futures trading platforms – in addition to just the usual CEX and DEX listings.

Grab your tokens for $0.000261 before prices soar because, as a presale, the price goes up in stages. Right now you can also stake your $MAXI for 120% APY.

In the mood for potentially massive gains? Join the $MAXI movement today

3. Tutorial ($TUT) – BNB-Related Low-Cap Altcoin Ready to Skyrocket

While almost every blue-chip crypto has been trading sideways for the past couple of weeks, one clear exception has been $BNB, which has gained over 75% since the beginning of August.

With experts now predicting that $BNB could potentially double from here and reach $2.5K by year-end, Tutorial ($TUT) becomes one of the best cryptos to buy right now.

Speaking of returns, Tutorial is already up nearly 200% since June. Most notably, it’s now retesting its previous resistance after a major breakout on September 19, when the token surged 76% in a single day.

Given that the current price level of $0.08 is acting as a solid support, we could soon see another strong move upward, possibly toward its all-time high of $0.186, which would mark a chunky 120% gain from current levels.

That makes $TUT one of the best altcoins to buy right now. Buy yours via leading exchanges.

Author

Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.

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