Three best altcoins to buy the dip as bitcoin price crashes to $60k However, strategic investors view this dip as a buying opportunity. Presale tokens like Pepe Unchained, Crypto All-Stars, and The Meme Games are being highlighted for their potential to capitalize on market recovery
The crypto market is under the spell of yet another downturn. Millions of dollars were wiped out, as top cryptocurrencies including Bitcoin, Ethereum, and Solana plummeted. The brutal crash sent BTC below $50K at one point, however, at the time of writing, it managed to recover to around $60k. Although the price is recovering, investors are thrown off.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} Strategic investors, however, choose to see the current dip as an excellent opportunity to buy the dip before the next bull cycle. Here’s a list of hot cryptos to buy right now.
Preparing for the market recovery
Unlike the drawn-out winters of late 2021 and 2022, the current crypto crash has its roots outside the market. Notably, the poor performance of the stock market urged investors to let go of risky assets like cryptocurrencies, leading to their dramatic fall.Broader market dynamics are lacklustre with skyrocketing unemployment, waning manufacturing, and high interest rates.
While BTC is bearing the brunt of the downswing, altcoins are not better off. Ethereum and BNB have plunged 30 percent, while Solana and Dogecoin crashed 40 percent. Most of the market has been tossed into a sea of red, with the global crypto market cap dropping to $1.8T before recovering to over $2.1T again.
Spotlight WireBTC one-year price performance, source: CoinMarketCapDoes the prediction that Bitcoin will rise to $100K hold under the current circumstances?Given that the cause of the downturn is external, it is unlikely that the crash will bear a long-term impact. A positive price correction is due, as investors regain their confidence.
Meanwhile, top cryptocurrencies are selling for low prices, opening up affordable entry points. However, strategic investors are not limiting their portfolios to high-cap assets like BTC, ETH, and SOL.
They are buying low-cap assets to offset the losses made in the current downturn with high gains. Presale tokens, being immune to the ongoing crash, have their attention.
Here are the top three altcoins selling for heavily discounted and fixed prices now. Due to their clever focus on virality and utility, they are positioned for a wild bull run on their release.
1. Pepe Unchained (PEPU) – The best altcoin to buy the dip
Pepe Unchained is the most obvious choice for the list. Not just because it is hosting the hottest presale of this year, which just soared past $9.5 million, but also because of its high market relevance.Pepe Unchained may give the impression of another bold meme coin here to test the luck. But it has bigger ambitions. It is building what could potentially become the next big meme coin hub. It makes this possible through its layer-two blockchain, which boasts better speed and efficiency.
Spotlight WireThe solution is designed to address the long-standing issues of high transaction fees and network delays in peak markets. Due to their high volatility, meme coins demand an efficient network that can execute timely actions. That’s what Pepe Unchained aims to become. While the layer-two blockchain underpins the long-term trajectory of the token, the Pepe branding allows it to get widespread attention. Market analysis platforms like Crypto Gains are bullish about $PEPU.
On its debut listing that will follow the presale, the meme coin has the potential to ignite a FOMO-charged pump. A series of price surges are expected in the weeks post-presale due to the attractive staking reward system in place. Despite price corrections, the growing adoption of the Pepe Unchained layer suggests a steady growth trajectory over time.
To buy Pepe Unchained in the ongoing presale, investors should have a compatible crypto wallet like Metamask, Best Wallet, Coinbase Wallet or Wallet Connect ready. Bank cards and cryptocurrencies like ETH, USDT, and BNB are accepted in the presale.
Buy $PEPU tokens in the presale
2. Crypto All-Stars – The best altcoin for attractive staking rewards
Crypto All-Stars ($STARS) brings a revolutionary product to the meme coin market. It is not another popular DOGE or SHIB clone. It is not another pet breed. And it is definitely not another play-to-earn video game.The product is MemeVault—a platform where you can stake top meme coins in one place and earn attractive returns. If you are an avid meme coin investor, you don’t have to juggle multiple staking platforms any more. MemeVault simplifies everything.
The staking rewards are paid out in $STARS tokens, empowering meme coin investors to maximise their potential returns. Investors are scrambling to hoard $STARS in the ongoing presale, drawn by its irresistible discounts and sky-high staking APYs (annual percentage yields).
Spotlight WireWith over $350K raised within days, the presale has quickly become a roaring success. It reflects the growing FOMO surrounding the project.The meme coin market is bracing for another period of buying frenzy. The refreshing narrative and utility show that Crypto All-Stars is all set to capitalise on it. The multi-token, multichain staking protocol strengthens the market, while unlocking its growth.
https://x.com/all_stars_coin/status/1822245802363830716
For more details about the project, presale, and latest timelines, join the Crypto All-Stars community on Telegram.
Buy $STARS tokens in the presale
3. The Meme Games (MGMES) – Olympic fever grips the crypto market
The Meme Games is another brilliant meme coin that brings a unique new flavour. It can be best described as the manifestation of the Olympic spirit in the meme coin market.“Light your torch for the inaugural Meme Games, where crypto meme coin fanaticism meets the spirit of the 2024 Olympics! Pick your favourite meme competitor and watch them go for gold to multiply your holdings,” notes the website in its introduction.
Spotlight WireFive meme athletes are gearing up for the 169-metre sprints. They are Doge, Pepe, Dogwihat, Brett, and Turbo. Although many meme coins have attempted to ride popular trends, this is the first time the thrills of crypto and sports brilliantly come together. Deservingly, the meme coin is dubbed the Olympic meme coin of 2024 due to the gamified competition. Here, investors can back any of the competing meme coins. The winners are selected at random by the blockchain and if luck favours, investors win a 25% token multiplier.
For example, a $1000 MGMES token purchase gets the winner additional tokens worth $250 as a reward for their correct prediction. There are no minimum purchase or maximum participation limits. In other words, investors can strategically curate their purchases to multiply their holdings. The presale will end on September 8, 2024.
MBuy $MGMES tokens in the presale
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This story originally appeared on: India Times - Author:Faqs of Insurances
