The Bitcoin price declined to $115,100 on Monday, marking a 2.7% drawdown in the past 24 hours. This pulled the broader market down as well, with Ethereum dropping 6.7%, and the total crypto market cap decreasing by 3.5%.
However, many analysts believe that this dip could be a lucrative buying opportunity rather than a warning sign. The main reason is that institutional interest remains strong, with Bitcoin ETFs seeing inflows last week and stablecoin inflows into Binance reaching some of the highest levels in recent months.
As a result, many traders are looking for the best altcoins to buy now, aiming to secure discounted positions before the next upward move. It’s also worth noting that the next rally might favor large and mid-cap altcoins, as the last move saw a notable transfer of capital from Bitcoin to Ethereum, indicating growing interest in higher-upside opportunities.
Based on this, we have identified XRP, Snorter, and Cardano as three altcoins likely to see substantial gains during the market recovery. Each offers different strengths, from ecosystem developments to narrative alignment.
Hot PPI Data Causes Bitcoin Dip
Last week’s hotter-than-expected US PPI data reignited inflation fears and dampened optimism about a September interest rate cut, causing the Bitcoin price to dip.
Nonetheless, the FedWatch Now tool indicates traders price in an 84% chance of a 25-basis point cut in September, implying that the current decline is simply a risk reduction strategy as traders await more macroeconomic data, rather than a complete exit from the market.
Meanwhile, stablecoin inflows to Binance reached $1.82 billion on Friday, signaling potential for a “massive price upswing” of crypto assets, according to analyst CryptoQuant.
Massive $1.82B Stablecoin Entry into Binance Signals Possible Price Upswing
“Such inflows often signal an intention to deploy funds into the spot market, either for strategic accumulation or short-term trading opportunities.” – By Amr Taha pic.twitter.com/U9EQ3ghtFJ
— CryptoQuant.com (@cryptoquant_com) August 15, 2025
And despite the dip, prices remain in a long-term upward trend, with Bitcoin up 96% this year and Ethereum up 62%. Given the continued institutional interest and the high likelihood of a September rate cut, this may signify an excellent buying opportunity.
However, historical patterns suggest that strong altcoins will likely lead the rally, well outpacing Bitcoin and Ethereum. Here are our top three picks of projects with the most potential:
XRP
If you’ve paid attention to XRP recently, you’ll know the main catalyst for its strength: the end of its 4-year lawsuit with the SEC. The case concluded with a decisive legal victory for Ripple, removing the regulatory uncertainty that had hindered U.S. institutional adoption.
Since the victory in July, corporate XRP interest has increased, with companies like Nature’s Miracle Holding Inc. and VivoPower International PLC among those advancing their XRP treasuries.
The growing trend suggests more companies will start building XRP treasuries in the months ahead, which will create more buying pressure and push the price higher. At the same time, the regulatory tailwind could also bolster institutional participation in the XRP Ledger, which would help support price growth.
🚨 Nearly $1 billion USD in $XRP is now being held as treasury by public companies — excluding #Ripple! pic.twitter.com/zwnYZn5gbz
— RippleXity (@RippleXity) August 5, 2025
It’s also worth noting that beyond direct demand, rising adoption of XRP boosts community sentiment, creates FOMO, and ultimately encourages more investors to buy.
The bottom line is that Ripple Labs’ legal win marks a turning point for XRP, opening the floodgates to U.S. adoption, and this boosts investor sentiment.
Snorter
Snorter is a new meme coin trading bot built on the Solana blockchain. Several unique features make $SNORT one of the top altcoins to buy now, one being that it remains in its early stages.
The project is currently in a presale and has raised $2.7 million so far. That’s a remarkable achievement for an early-stage token, but it also indicates significant growth potential. There are currently 113 cryptocurrencies with a market cap exceeding $1 billion – 330 times what Snorter has raised so far, leaving massive room for gains.
Snorter’s trading bot boasts innovative features like copy trading, automated token sniping, rug pull detection, and MEV resistance. These features help users identify the best tokens to buy and get in early, while also protecting against scams.
And with low fees of just 0.85%, Snorter is likely to attract a large user base, making the $SNORT presale a promising opportunity.
That’s because $SNORT is the platform’s native utility token, so its demand will rise with the platform’s growing popularity. Visit Snorter.
Cardano
Cardano is a layer 1 blockchain focusing on scalability, decentralization, and security. It distinguishes itself from other L1s through its peer-reviewed development process, which aims to ensure long-term stability and resilience.
Its price has increased by 173% over the past year, significantly outpacing market leaders Bitcoin and Ethereum. Recently, developments such as Grayscale filing for a Cardano Trust ETF in Delaware have added to its relative strength.
There has been a rise in whale activity on Cardano, with analyst Ali_Charts noting that Cardano reached $6,96 billion in 24-hour futures trading volume on Sunday, a six-month high. This suggests that sophisticated traders are paying close attention and could foreshadow strong spot buying pressure as the market recovers.
On-chain activity has also surged, increasing nearly 40% since mid-June to $417 million. Additionally, Cardano’s stablecoin market capitalization has grown 5% this week and has more than doubled since November 2024. This reaffirms Cardano’s strengthening narrative as an alternative to Ethereum.
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