The worldwide cryptocurrency market declined by 0.56% over the previous 24 hours, extending its 1.8% weekly loss. The downtrend was pushed by numerous components, together with merchants’ profit-taking following final week’s 29% features, delays within the potential approval of crypto ETFs, and liquidations throughout the derivatives market.
A number of cryptocurrencies managed to ship returns, particularly memecoins, as risk-taking sentiment has sustained regardless of the general drop. In accordance with our evaluation, the very best cryptos to purchase now are: Child Shark (BSU), Polygon (POL), and Memecoin (MEME).
Crypto Market Dips as SEC Delays Determination on Altcoin ETFs and Merchants Scale back Lengthy Exposures Forward of Fed’s Jackson Gap Occasion
Derivatives open curiosity (OI) throughout the market rose 12.75% in 24 hours to $895 billion, which got here amid Bitcoin’s (BTC) worth drop, signalling over-leveraged lengthy positions. This was resulting from perpetual funding charges turning impartial, lowering incentives to carry positions. Most merchants diminished their publicity after BTC failed to carry $118,000, triggering $54 million in liquidations. Ethereum (ETH) additionally confronted comparable stress, dipping 3.8% to $4,322.
In the meantime, the U.S. Securities and Trade Fee (SEC) has delayed its choice on 9 crypto exchange-traded fund (ETF) purposes, together with these for BTC, ETH, XRP, Dogecoin (DOGE), Litecoin (LTC), and Solana (SOL), pushing the evaluation deadlines to October.
Whereas the deferral harm altcoins probably the most, ETH spot ETF inflows hit a weekly report of $2.87 billion, suggesting that institutional traders favor the second-largest crypto by market capitalization. This can be a enhance for the Altcoin Season narrative.
The correlation between crypto and the Nasdaq-100 fell to 0.55, whereas the crypto-to-gold correlation is right down to 0.77. Merchants have shifted to gold-backed tokens like Paxos Gold (PAXG) and Tether Gold (XAUt) forward of Federal Reserve Chairman Jerome Powell’s Jackson Gap speech on August 21. Hawkish price reduce expectations by the Fed and U.S. tariff-related fears have triggered defensive strikes throughout the market, sapping crypto liquidity.
Greatest Cryptos to Purchase Now (08/19): $POL, $BSU, $MEME
| Token | Present Worth | Brief-Time period Danger | Key Assist / Resistance | Aug 2025 Worth Forecast (Min–Max) |
|---|---|---|---|---|
| Polygon (POL) | $0.2533 | RSI 62.15 (Bullish, Not Overbought But) | Assist: $0.2456, Resistance: $0.26 | $0.1783 – $0.2628 |
| Child Shark Universe (BSU) | $0.1831 | RSI 96.37 (Extraordinarily Overbought, Excessive Correction Danger) | Assist: $0.15, Resistance: $0.20 (Psychological) | $0.1162 – $0.1591 |
| Memecoin (MEME) | $0.002036 | RSI 62.4 (Bullish, Some Room Earlier than Overbought) | Assist: $0.00187, Resistance: $0.00217–$0.00235 | $0.001407 – $0.002046 |
1. Polygon (POL)
Supply: TradingView
The worth of POL (previously MATIC) rose 4.2% up to now 24 hours, outpacing the broader crypto market’s 0.83% decline. The rally for the native asset of Ethereum L2 Polygon was pushed by progress within the blockchain’s DeFi ecosystem, the altcoin rotation development, and optimistic technical momentum.
The full worth locked (TVL) on Polygon-based DeFi platforms has surged 43% this 12 months, hitting $1.23 billion, and drawing $123 million in internet inflows over the previous month. QuickSwap and Polymarket drove the adoption of POL throughout this time. Rising TVL alerts rising community utility, attracting builders and customers. POL’s 6.6% DeFi sector features over the last 30 days outpaced friends like SOL (4.5%), reflecting rising demand for scalable Layer-2 scaling options.
The Altcoin Season Index (ASI) rose 29.41% weekly, with ETH’s market dominance dipping 13.17%. The 24-hour buying and selling quantity for POL spiked 77% to $446 million, signaling speculative curiosity within the token. Merchants are more and more rotating capital from BTC and ETH to alts like POL for greater beta performs. Nevertheless, leverage threat persists as Polygon’s derivatives OI is up 13.5%.
POL has damaged out of its 7-day SMA at $0.2456 and 200-day EMA at $0.2577. Its MACD histogram has turned optimistic at +0.00167, whereas the 14-day RSI at 62.15 has prevented overbought territory in the meanwhile. Merchants anticipate a bullish affirmation for POL however face resistance close to the 23.6% Fibonacci at $0.26, with an in depth above that stage concentrating on the 127.2% Fib extension at $0.2636.
On the time of writing, Polygon (POL) is buying and selling at $0.2533, up 3.66% within the final 24 hours. In accordance with our technical evaluation primarily based on its present market worth, in 2025, POL is predicted to alter fingers in a buying and selling channel between $0.1783 (Low) and $0.2628 (Excessive), with a median annualized worth of $0.1987. This might end in a possible ROI of +3.61% over its present price.
Additionally Learn: Greatest Altcoins to Purchase Now Earlier than Subsequent Crypto Market Breakout
2. Child Shark Universe (BSU)
Supply: TradingView
Child Shark Universe (BSU) was among the many best-performing cryptocurrencies, rising 37.58% during the last 24 hours. The memecoin has outperformed its 7-day and 30-day features by over 90%. This surge coincides with the crypto market’s general dip and is pushed by speculative demand ignited by BSU’s migration to the Binance Good Chain (BSC), latest airdrop itemizing on Binance Alpha, and optimistic technical breakout.
BSU started migrating from Polygon to Binance Good Chain on August 13, requiring holders to maneuver their tokens to their self-custody wallets for a 1:1 swap. Child Shark Universe began distributing BSC-native BSU tokens on August 18, which aligned with the value surge. The community migration has diminished fast promote stress as tokens are locked through the swap, and has managed to draw BSC-centric merchants.
Community-related points, like BSU’s incompatibility with the Immutable Passport protocol, compelled guide withdrawals, which briefly tightened the memecoin’s provide. Merchants must regulate the completion of the second section of the BSU swap and post-distribution promote stress.
Forward of the community migration, BSU debuted on Binance Alpha on August 9 with an airdrop that required customers to spend Alpha Factors. Over 510 BSU was provided to every Binance Alpha consumer, driving demand for the memecoin. The 172.89% spike in BSU’s buying and selling quantity means that airdrop recipients could also be buying and selling tokens post-claim. Nevertheless, there are issues relating to the rally’s sustainability as a result of occasion’s short-term focus.
BSU is buying and selling 62% above its 7-day SMA at $0.1127, however its 7-day RSI hit extraordinarily overbought circumstances at 96.37. Whereas the continuing momentum is robust for Child Shark Universe, such overheated market circumstances have traditionally preceded worth corrections, and merchants may take earnings close to the $0.20 psychological resistance. Holding above $0.15 can be key for BSU’s worth if RSI cools beneath 70.
On the time of writing, Child Shark Universe (BSU) is buying and selling at $0.1831, up 31.57% within the final 24 hours. In accordance with our technical evaluation primarily based on its present market worth, in 2025, BSU is predicted to alter fingers in a buying and selling channel between $0.1162 (Low) and $0.1591 (Excessive), with a median annualized worth of $0.1265. This might end in a possible ROI of -11.29% over its present price.
3. Memecoin (MEME)
Supply: TradingView
The worth of MEME rose 4.98% over the previous 24 hours, with the rally pushed by buzz surrounding potential memecoin ETFs, optimistic technical breakout for its worth, and sector-wide capital rotation into alts, particularly memecoins.
Bloomberg ETF analyst Eric Balchunas reiterated that there’s a “actually good probability” of ETFs tied to memecoins launching within the U.S. by 2026, with a number of altcoin ETFs anticipated to be permitted by the SEC by the year-end. MEME’s place as a top-10 memecoin by market cap makes it a possible candidate for an ETF. Whereas the asset has no specific utility, the hypothesis surrounding an ETF acts as a story catalyst for its worth, and retail merchants typically front-run such information, driving short-term demand.
🐶📈 Are Memecoins the Subsequent Massive ETF Play?
Bloomberg’s prime ETF analyst Eric Balchunas simply dropped a spicy take:
A U.S.-listed Memecoin ETF may launch by 2026.Sure, a whole ETF of canine cash, Pepe’s, American Presidents and degen goals!
Why?
👉 Lively crypto ETFs are… pic.twitter.com/GmCSiOaAX0— Seedify (@SeedifyFund) June 9, 2025
Every day memecoin launches have hit yearly lows, with liquidity concentrating in established tokens like MEME, as mirrored by the 412% spike in its 24-hour buying and selling quantity, which hit $153 million. This displays speculative buying and selling, and never natural demand, with the memecoin sector liable to sudden sentiment shifts. Moreover, MEME’s 80% drop in annual return highlights its fragility to broader market rotations.
MEME broke above its 7-day SMA at $0.00194 and 30-day SMA at $0.00187, with the MACD histogram exhibiting bullish divergence. The token’s 14-day RSI at 62.4 suggests room for additional upward motion earlier than hitting overbought circumstances. Which means that merchants could interpret the breakout as a sign to enter the MEME market, particularly contemplating that the token remains to be buying and selling 15% beneath its 200-day SMA at $0.00239.
Nevertheless, weak help at its present worth has elevated volatility threat. A detailed above the 23.6% Fibonacci of $0.00217 may goal July’s swing excessive of $0.00235. Merchants want to watch Bitcoin’s worth motion, as additional drops may set off profit-taking in high-beta belongings like MEME.
On the time of writing, Memecoin (MEME) is buying and selling at $0.002036, up 5.17% within the final 24 hours. In accordance with our technical evaluation primarily based on its present market worth, in 2025, MEME is predicted to alter fingers in a buying and selling channel between $0.001407 (Low) and $0.002046 (Excessive), with a median annualized worth of $0.001561. This might end in a possible ROI of +0.92% over its present price.
Remaining Ideas on the Greatest Cryptos to Purchase Now
At the moment’s almost 2% dip throughout the crypto market has resulted in Bitcoin’s dominance dipping 0.41 factors to 59.04%, whereas the Altcoin Season Index fell to 44/100 – remaining properly in “Bitcoin Season” territory. The general decline has reversed final week’s +29% surge in ASI, suggesting that merchants are profit-taking on alts.
A optimistic observe for altcoins was that ETH spot ETFs noticed $2.85 billion inflows this week, far outpacing the $1.65 billion influxes for his or her BTC counterparts. BlackRock’s iShares Ethereum Belief ETF (ETHA) now holds 3.6 million ETH, price $12 billion, with day by day inflows up 46% since August 10.
POL surged 4.2% on the again of Polygon’s rising DeFi momentum, with TVL throughout native purposes crossing $1.23 billion this 12 months, and bringing in $123 million over the previous 30 days as builders and customers rushed in. BSU noticed its worth surge almost 90% weekly following the Child Shark Universe community’s ongoing migration to the BSC ecosystem, lowering fast promote stress for the token whereas attracting BNB merchants. MEME’s 5% rally was pushed by the optimistic narrative surrounding potential memecoin ETF approvals that might be anticipated in 2026.
Regardless of the market potential of those belongings, readers ought to observe that cryptocurrencies are speculative and extremely risky belongings. Investing in them requires correct analysis and understanding of market dynamics, that are topic to macroeconomic and geopolitical headwinds. The contents of this text are purely for academic functions and shouldn’t be construed as funding recommendation. At all times keep in mind, solely put cash which you can afford to lose in crypto.
