Ethereum and Solana Are Getting Hit Hard. Are These Top Cryptocurrencies Buys on the Dip?

2026-02-07 07:16:00 ET

For the year, every major cryptocurrency is getting hit hard. But some cryptocurrencies are getting hit harder than others. Ethereum (CRYPTO: ETH) , for example, is down 35%, while Solana (CRYPTO: SOL) is down 34%.

So is it worth buying the dip on these beaten-down cryptocurrencies? Or has something fundamentally changed in the way investors view these cryptocurrencies?

Generally speaking, a strategy of buying the dip only works if a cryptocurrency is in the midst of a long-term uptrend. There will be pullbacks of 10% or more along the way, and this is when it can make sense to buy at a lower price. Think of each dip as an opportunity to buy your favorite cryptocurrency at a temporary 10% discount before it goes back to its regular price.

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