With the crypto market declining after its humongous surge in the past few weeks, this time of decline could be the best avenue to get into some projects with strong fundamentals. Analysts opined that the present dip which has seen Bitcoin fall off its all-time high could be the perfect opportunity for investors. As such, we highlight the 5 top cryptos to buy during the market correction to earn greater profit in the bull run.
Crypto Market Up and Down With Bitcoin ETF
Before the approval of the Bitcoin ETF, the crypto market was buzzing with the expectation that the approval would be the catalyst for the market surge. However, the reverse was the case as many tokens refused to trend on the bullish path even after the approval. Soon after, the market began to reap the reward of the Bitcoin ETF, with many tokens experiencing bullish sentiment.
During that time, Bitcoin set a new all-time high record of $73k with Ethereum also crossing the $4k threshold. Now, the market is back in the dip again with top cryptos slipping significantly.
Is There A Possibility of a Major Market Downturn?
The recent market downturn has put investors into panic. While it may be catastrophic to ignore the potentiality of a major market crash, it can be argued that the bull market will regain control after the latest happenings. With the Ethereum ETF approval also coming soon, these present market conditions may be the catalyst for exponential market growth in the year.
5 Best Cryptos To Buy in the Dip
Since the inception of cryptocurrency, the market has always revolved between the bearish and the bullish sentiments. With the market downturn likely to result in potential bullish momentum soon, the recent market dip presents a golden opportunity for investors. This article presents the list of the 5 top cryptos to buy “during the dip” as being experienced now.
KangaMoon ($KANG)
The number one on the list of best cryptos to buy during this market decline is KangaMoon. Although the project is still new in the market, the token has earned investors’ trust. With many tokens falling significantly in recent times, KangaMoon is growing in leaps and bounds, going from $0.0050 to $0.014. KangaMoon is a user-centric community where players can earn rewards for their engagement in the community.
With the token still at an early stage of presale, this could be an opportunity for investors to purchase at a low price point. Crypto analysts are bullish on the long-term prospects of the token and believe it can offer Investors a 100x return as the bull market takes center stage.
XRP ($XRP)
Another top crypto that buyers should be looking at in this time of dip is XRP. While many tokens are failing heavily, XRP has maintained resilience, gaining more than 8% in the past month. XRP’s market cap is at an impressive value of $33B, which makes it one of the trending cryptos in the market. Only 54% of the XRP total supply is in circulation, which means that as more tokens are unlocked, investors can expect to reap significant profits.
XRP is a popular token among investors and currently has a day-to-day trading volume of $4B. Although the token experienced a bearish pullback of 11% in the weekly price chart, analysts are optimistic that the token would soon bounce back to lead the market rally. With the token still trading below $1, it could be a wise investment to buy at a low price and anticipate a surge to $1.5 when the bull cycle reaches full swing.
Chainlink ($LINK)
High on the wishlist of crypto analysts’ pick of top cryptos to buy in this dip is Chainlink. The platform boasts a robust ecosystem with a series of collaborations with top crypto platforms. Before the present market downturn, Chainlink was one of the top-performing coins, growing by 143% on the year-to-date price chart. With its strong fundamentals fueled by cutting-edge technologies and robust global outlook, Chainlink has carved out a niche for itself in the crypto market.
Having gone on an unprecedented bullish run in 2021, Chainlink is expected to experience massive bullish momentum in the bull market. As the token is currently down, it allows investors to get in at a low price and make bigger gains. With TradFi leading services such as SWIFT using Chainlink products, the future of Chainlink is assured, and significant price improvement is expected in 2024.
Binance Coin ($BNB)
Powered by the largest crypto exchange, Binance coin is a household name in the crypto market. Although investors may not see a low entry point with Binance coin, the token trajectory from the last few years offers it as a viable option to buy in the dip. Having traded at $200 in early 2023, Binance has grown to an outstanding $600 before the latest bearish decline.
For investors with liquidity, Binance coin remains a viable investment option with the potential to reach $1000 this year. With the price declining to $530, this could be an opportunity for investors to accumulate the dip and watch Binance coin surge significantly in a few months. With strong backers such as the Binance exchange, this could be the perfect time to invest in Binance coin before its inevitable surge.
Dogecoin ($DOGE)
Dogecoin is one of the oldest meme coins in the market and is a good option for investors who want to buy the dip. Although not one that can be traded for the long term, Dogecoin could present a huge opportunity for investors for short-term gains. Even with the proliferation of Solana-based meme coins, Dogecoin is still one of the top cryptos in investors’ wishlists.
With the rumor that Dogecoin could become a payment option on X refusing to go away, this bearish season is an opportunity to acquire Dogecoin while the price is low. With the token currently trading at $0.13, an investment of $500 could bring a substantial ROI if the token price peaked, as projected by analysts before the end of the year.
Conclusion
While this article highlights the best cryptos to buy in the dip for maximum gains, it is important not to underestimate the power of research. Investors are encouraged to DYOR, which includes checking cryptocurrencies’ features, backers, and market conditions. One of the listed cryptos that has impeccable growth potential is KangaMoon. At a low market cap, entering into the KANG presale can earn investors a significant return by the end of the year.
Explore the thrilling opportunities available in the KangaMoon (KANG) presale today!
Website: https://KangaMoon.com/
