It has been a mixed adventure for many cryptocurrencies since the turn of the year. Bitcoin’s unprecedented surge to a new all-time high record of $73k sent shockwaves across the market with top cryptos following the Bitcoin trend. However, the surge didn’t last long before a severe bearish pullback took the Bitcoin price below $65k a few days later.
Even the highly anticipated Bitcoin halving fails to produce enough spark as many cryptos begin to slip significantly. Despite these turbulent times, there is perhaps light at the end of the tunnel.
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Generally, crypto time of dip is a serious concern for holders. However, it also gives opportunities for more investors to jump in at low prices. To provide investors with clear guidance on the path to take in this dip, we will go through some of the best cryptos to buy now. We will analyze their fundamentals, features, and growth potentials banking on the observation, criticism, and praises of YouTube crypto analysts.
Best Crypto To Purchase In The Dip Before the Market Picks Up
KangaMoon – A combination of GameFI and SocialFi platform, rewarding players for their gaming prowess
Bitcoin Cash – A hard fork of the original Bitcoin powering a variety of projects
Arweave – A decentralized blockchain providing permanent data storage and hosting
Litecoin – A decentralized Protocol enabling seamless transactions across the world
Polygon – An Ethereum Layer 2 Blockchain Solving Issues of Scalability, high gas fees, and Slow Transactions amongst others
KangaMoon (KANG)
Our first recommendation of the best crypto to invest in while the market is grappling with bear pressure is KangaMoon (KANG). Apart from distinguishing itself as a meme coin with actual utility, the project’s incorporation of GameFI and SocialFi models is a fascinating attraction to crypto traders. The project encompasses different shades of gameplay, aimed at creating a lively gaming environment for meme enthusiasts.
Apart from gaming, the KangaMoon ecosystem comprises DeFi, NFTs, Battle Arena, and lots of giveaways. It is from them that stakeholders such as gamers, spectators, and investors earn generously. Its native token, KANG, is used for transactions across the ecosystem, which makes it a valuable asset that should be purchased. Investors can begin their journey on KangaMoon by purchasing KANG at $0.0196 and enjoy a big ROI when the token is listed on exchanges.
The token is moving fast with about 75% of the allocated stage 5 tokens already sold out. Altogether, the platform has raised $6M, registered over 20k subscribers, and has more than 6k holders. The total supply of KANG is 1B of which 600M is allocated for presale. With more than half of the presale token already sold, there is still time for interested investors to jump in before the price increases. With a potential growth in the NFT market exceeding $200B in 2024, KANG may trade at $0.5 after listing in Tier 1 exchanges.
Bitcoin Cash (BCH)
Bitcoin Cash is in the dip on the monthly and weekly chart but YouTube analysts such as Ryan Griffin believe the best time to acquire the token is now. Ryan cited that Bitcoin Cash was created to be a makeshift of the original Bitcoin, proffering investors who may not be able to access Bitcoin with an alternative. As such, it tends to follow the Bitcoin flow.
Ryan boasts that Bitcoin Cash scalability is an advantage that could see more adoption in the crypto market. He also stated that the rising cost of transactions on the Bitcoin network allows users to explore the beauty of Bitcoin Cash which comes with lower gas fees. With the bull market set to start in the next few weeks, Bitcoin Cash is one of the best cryptos investors should be accumulating to earn massively in 2024.
Arweave (AR)
Arweave is one of the top crypto coins that has maintained resilience during this dip. Although it plummeted by 14% in the monthly price chart, it has regained about 7% in the past week. Launched in 2018, Arweave offers non-stop data storage with many projects becoming part of the mega data revolution. The network has a rapidly evolving community, helping to run the network and contributing to its progress.
The key reason why traders should pick Arweave as one of the best cryptocurrencies to invest in is its profit-sharing communities (PSC). These communities encompass developers, founders, node runners, contributors, and users who play a significant role in shaping the platform and earning substantial incentives in the process. Not only are contributors allowed to have a big say in the direction of the network, but they also earn tokens that make them eligible for governance rights.
Litecoin (LTC)
Although Litecoin has failed to spark in the last two months due to the fluctuating crypto market, its key metrics indicate that the token may be warming up for a huge rise soon. From the data available on Santiment, it could be seen that Litecoin’s number of traders keeping their tokens far outweighs those that are selling. This may indicate that traders believe Litecoin is close to experiencing a turnaround.
In the same vein, Litecoin’s net position change by holders reveals a substantial increase. The increase in the net position indicates that there has been more accumulation than cash out from Litecoin holders. Juggling between these two indicators may give a hint as to what the future holds for Litecoin. While it may not be possible to state exactly how the bull run will be, these early signs of a positive recovery revolve around Litecoin.
Polygon (MATIC)
Polygon also enters our pick as one of the good crypto to buy in this dip. As a layer 2 Ethereum scaling solution, Polygon banks on Ethereum’s popularity and large capital base. However, it provides lower gas fees and processes transactions faster than the main network. Although Polygon has significantly declined in recent months, sliding from 10th to 18th in the pool of best cryptos in CoinMarketCap, the holders are still keeping the token.
With over 30% slip in one month, a lot of active addresses are still holding on to the token. This could perhaps be a result of Polygon’s collaboration with big Projects such as Robinhood. The platform announced on April 26, 2024, that the new partnership with Robinhood Wallet will enable access to more than 23 million on-chain users. With the positive outlook the network is generating, MATIC may trade at $2 before the end of the year.
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