Analyst Reveals Top 6 Crypto Coins to Buy Now As Market Dips
Published by
Debashree Patra
February 24, 2025
The crypto market took a hit after the Bybit hack, dragging its total value down to $3.14 trillion. Bitcoin is holding at $95K, but altcoins aren’t faring as well – Ethereum slipped to $2,715, XRP tumbled further, and Solana took the biggest hit, dropping over 6%. Despite the downturn, trading volume has spiked 13% in a day, crossing $78 billion, showing that investors are still in the game.
But with the Fear & Greed Index sitting at a neutral 40, caution remains.
While the market struggles, some altcoins are flashing strong buy signals – and according to analysts, these could be the best plays before the next rally. Here are six altcoins standing out in the chaos.
Tokens to Buy Now
XRP’s RLUSD Backing
XRP is benefiting from the increasing use of RLUSD, a stablecoin built on the XRP Ledger (XRPL). RLUSD’s total supply has reached $120 million in just two months and continues to grow. According to Ripple CTO David SchwartzDavid Schwartz
David Schwartz is a blockchain architect, and cryptographer, and is the Chief Technology Officer (CTO) and Chief Cryptographer at Ripple and a a board member and consultant at PolySign, which provides infrastructure for digital assets.
Quick Facts
Name
David Schwartz
Birth
1970, United States
Nationality
American
Education
Electrical Engineering from the University of Houston, Texas.
Marital status
married to Tracey Schwartz
Net worth
Estimated at $1 billion (to be verified)
He is one of the key architects behind XRP Ledger (XRPL). XRPL is known for its high-speed transactions and low energy consumption compared to Proof-of-Work (PoW) blockchains. Before joining Ripple, Schwartz worked as a software engineer and cryptography expert, contributing to protected messaging and distributed methods.
David Schwartz - Career Highlights
1991 – Developed secure messaging and cryptographic systems for government and private sectors.
2011 – Co-founded OpenCoin, which later became Ripple, focusing on global payments.
2012 – Helped create the XRP Ledger (XRPL), pioneering a fast, scalable, and energy-efficient blockchain.
2018 – Became CTO of Ripple, overseeing technical innovations and blockchain research.
2021-Present – Continues leading Ripple’s expansion in cross-border payments and CBDCs, advocating for blockchain adoption in finance.
He consults startups with strategic planning, smart contracts, and consensus mechanisms. He often speaks at major blockchain seminars and engages with the XRP community.
Useful Links to Connect With David Schwartz
Platform
Link
X (formerly Twitter)
https://twitter.com/JoelKatz
LinkedIn
https://www.linkedin.com/in/david-schwartz-ripple
Ripple Website
https://ripple.com
Youtube
https://www.youtube.com/c/Ripple
Developer/ProgrammerCrypto and Blockchain Expert, XRPL’s decentralized exchanges (DEXs) use XRP as a bridge asset for auto-bridging transactions, which boosts XRP’s trading volume and adoption.
Ondo Finance: Tokenizing Real-World Assets
Ondo Finance is leading the charge in tokenizing real-world assets (RWAs) like stocks, bonds, and equities on the blockchain. Backed by Founders Fund, Coinbase, and Pantera Capital, the project recently launched Ono Chain, a Layer 1 blockchain built for institutional-grade RWA transactions.
Ethereum: Big Players Are Buying
Ethereum remains the backbone of DeFi and smart contracts, but what stands out now is the strong buying from major players. Bybit recently purchased nearly $100 million worth of ETH to cover losses from its hack, showing confidence in Ethereum’s long-term value. Even more notably, Donald Trump’s Liberty Financial holds over half a billion dollars in ETH, highlighting growing institutional interest.
Solana: A Hidden Gem for the Next Cycle?
Solana is another top pick, with Bitwise Europe predicting a price range of $2,318 (bear case) to $6,600 (bull case) by 2030. The report notes that many investors are overlooking Solana, but its fast-growing developer activity, rising adoption, and strong institutional backing make it a solid bet for the next cycle.
Bitcoin & Cardano: A New DeFi Connection
Bitcoin remains a key asset, but the analyst highlights a Bitcoin-Cardano connection that could reshape Bitcoin DeFi. Cardano founder Charles HoskinsonCharles HoskinsonCharles Hoskinson is an American entrepreneur and blockchain visionary. He co-founded IOHK, and Cardano (ADA), a blockchain project. He also co-founded the Ethereum blockchain platform.
With the help of Cardano’s proof-of-stake (PoS) blockchain, Charles weighs on scalability, security, and interoperability to facilitate enterprise blockchain adoption. He directs research in Web3, cryptocurrency innovation, and decentralized governance through IOHK.
Quick Facts
Full Name
Charles Hoskinson
Birth
05-11-1987 in Hawaii, United States
Nationality
American
Education
University of Colorado Boulder, Metropolitan State University of Denver
Marital Status
Unmarried as of 2025
Net Worth
Estimated around $700 million
Charles Hoskinson's work in cryptography, digital assets, and blockchain promotion has recognized him in the crypto. His efforts in developing blockchain have greatly contributed to the advancement of DeFi and blockchain networks globally.
Charles Hoskinson - Professional Career Timeline
2013 – Co-founded Ethereum (ETH), contributing to smart contracts and decentralized applications.
2014 – Left Ethereum over governance disputes and founded IOHK (Input Output Hong Kong).
2015 – Started developing Cardano (ADA), a third-generation blockchain with a proof-of-stake (PoS) model.
2017 – Launched Cardano mainnet, introducing scalable and secure blockchain solutions.
2019 – Led Cardano’s Shelley upgrade, enhancing network decentralization and staking rewards.
2021 – Rolled out Alonzo hard fork, enabling smart contracts and DeFi on Cardano.
2022 – Expanded Web3, governance, and blockchain adoption via Cardano’s Vasil hard fork.
2023 – Advocated financial inclusion and blockchain education in Africa and developing nations.
2024 – Advanced self-sovereign identity and on-chain governance with Cardano’s latest updates.
Present – Continues shaping blockchain innovation, DeFi, and decentralized ecosystems through IOHK.
He has collaborated with various tech experts and blockchain startups. Charles sees decentralized finance as a tool for financial freedom. He also educates crypto beginners through social media sites, conferences, and tech channels.
Useful Links to Connect With Charles Hoskinson
Platform
Link
X (formerly Twitter)
Charles Hoskinson (@IOHK_Charles) / X
LinkedIn profile
Charles Hoskinson - Self-employed | LinkedIn
Cardano Foundation
Cardano Foundation
YouTube profile
https://www.youtube.com/c/charleshoskinson
Chief Executive Officer recently explained on the Mr. M podcast how Babel Fees will allow users to pay transaction fees in wrapped Bitcoin (BTC) instead of ADA.
This would make Bitcoin more usable in DeFi, removing the need for a secondary token and potentially opening up new opportunities for BTC in the DeFi space.
Low-Cap Picks: Chainlink, BitTensor, VeChain & Supra
For those looking for smaller-cap opportunities, the analyst points to Chainlink, BitTensor, VeChain, and Supra:
Chainlink remains the leading oracle provider, essential for smart contracts needing real-world data.
BitTensor is an emerging AI-powered blockchain network with high potential.
VeChain continues to be a major player in supply chain solutions.
Supra, a newer blockchain infrastructure project, has dropped nearly 15% in the past month. Despite the dip, the analyst sees strong potential for Supra, making it a solid buy-the-dip opportunity.
While the crypto market remains volatile, these six altcoins stand out for their strong fundamentals, increasing adoption, and growing institutional interest. As the market stabilizes, they could be well-positioned for the next bull run.
Debashree Patra
Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundary…connect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.