The SEC Accidentally Gives Out “Buy the Dip” Watchlist for Altcoins

• The SEC’s recent action on the Bitwise ETF has put a spotlight on the nine altcoins in its portfolio
• This list, including ETH, XRP, SOL, and ADA, is seen by many as an institutional-grade crypto watchlist
• Analysts have laid out ambitious price targets for these tokens that traders are watching amid the dip.

The crypto market has slipped into red, and many investors are now looking at altcoins ‘to buy’ amid the ongoing dip. 

Recently, the U.S. SEC brought attention to nine altcoins by first approving and then pausing a proposed ETF from Bitwise. This ETF included Bitcoin along with these nine altcoins. An analyst took a look at these altcoins and why they might see big gains in the coming year.

Ethereum (ETH)

Ethereum leads the list and has the strongest position among other alts. Ethereum is approaching a long-term resistance zone, one that dates back to 2021. 

Price targets could include $4,800 (the previous all-time high), $5,800 (based on Fibonacci levels), and possibly $8,600 during the current market cycle.

XRP

XRP, the second-largest altcoin in the Bitwise portfolio, also looks strong technically. The token recently …

The post The SEC Accidentally Gives Out “Buy the Dip” Watchlist for Altcoins appeared first on Coin Edition.