"Crypto Market Plunges $500B Amid Trump Tariffs; Solaxy & Best Wallet Tokens Emerge as Opportunities"

Generated by AI AgentCoin World
Tuesday, Feb 4, 2025 3:32 am ET1min read

The crypto market has witnessed a significant sell-off following Donald Trump's plan to impose large tariffs on goods from Mexico, Canada, and China. The total crypto market cap dropped by half a trillion dollars, with over $2.27B in liquidations reported. However, Bybit's CEO suggests that the actual liquidation figure could be in the $8B-10B range, as crypto exchanges typically limit liquidation data. Most of these liquidations came from long positions, indicating that traders were expecting a bullish market due to Trump's nomination as US president. Despite the correction, the crypto economy presents an opportunity to buy the best meme coins at a discount.

In light of the recent market correction, it's crucial to select fundamentally strong tokens that also enjoy market hype. Here are some of the best cryptocurrencies to consider buying now:

Solaxy ($SOLX) – Best Crypto to Buy Now for First-Time Investors

Solaxy ($SOLX) is an altcoin set to explode, offering a lot of utility and analysts are saying it's the perfect token to weather the correction in crypto and 100x your investment. The presale has been an out-and-out success, raising over $17M at the time of writing. Two major reasons for its success are:

  • Solana's continuous rise through the ranks, giving the best cryptos a serious run for their money. It recently beat Ethereum in monthly revenue and the Solana ecosystem's market cap surged 110% in just the last 30 days.
  • By removing Solana's pain points (network congestion, failed transactions, and limited scalability), Solaxy will breathe new life into the network.

Invest in one of the best crypto presales by visiting the Solaxy website and connecting a crypto wallet like Best Wallet. You can get 1 $SOLX for just $0.001624 if you get in now.

Best Wallet Token ($BEST) – Native Token of the Best Wallet App

One of the most prevalent market phenomena is buying the dip – exactly what's happening now. A surefire way to get behind this phenomenon is investing in a crypto wallet, with Best Wallet simply being the best there is