Jimmy Aki
The crypto market is expected to end its fifth straight week trading down. The industry has yet to recover from the widespread crash that began two weeks ago, and investor sentiment remains mixed. Despite the slump in prices, the current space presents an opportunity for investors to buy the dip. Finding the best altcoins for buy the dip right now will set you up for more gains in the future when the market inevitably flips bullish. Here are our best picks.
1. Lucky Block (LBLOCK)
Right now, the best altcoins for buy the dip has to be LBLOCK. The asset was developed by the Lucky Block ecosystem, and it is among the newest coins in the market with the most potential.
Lucky Block operates as a blockchain gaming platform. It houses an ecosystem of games, allowing players to enjoy access to them by purchasing its LBLOCK token. With its blockchain-based operation, Lucky Block promotes transparency and accountability.
Lucky Block operates as a games platform with play-to-earn rewards. Its use of blockchain technology removes barriers to entry, ensuring that everyone can gain access to its ecosystem as long as they have the LBLOCK token.
After launching in January, LBLOCK saw massive investor interest. Many rushed in to buy Lucky Block, pushing the asset’s value to an all-time high of $0.0096. Today, LBLOCK trades at $0.0021. You can read our Lucky Block price prediction to learn more about the asset’s price forecast.
The asset has continued to break bounds, becoming the fastest cryptocurrency to hit a billion-dollar market cap and attracting over 50,000 investors in its first 90 days.
Considering the developments in the Lucky Block ecosystem, it’s easy to see why LBLOCK is so attractive. Most prominent is the upcoming Lucky Block prize pool, which allows ecosystem members to win up to $2.3 million in prizes. The gaming platform’s first draw will be held on May 31st.
Lucky Block is also expected to launch its web app on May 30th. The web app will make it possible for anyone to access the Lucky Block ecosystem, regardless of where they are in the world. Improved access is expected to boost the use cases for LBLOCK, thus bolstering its price even more.
Cryptoassets are a highly volatile unregulated investment product.
2. Polkadot (DOT)
Next on our list of the best altcoins for buy the dip is Polkadot’s DOT token. Polkadot is a popular blockchain platform that has become a prominent member of the “Ethereum killers” club – blockchains tipped to become the next big development chain.
With its focus on interoperability, Polkadot looks to optimize speed and functionality for developers.
The DOT token has been one of the best performers amid the market downturn. It currently trades at $9.03 – down by 1.02% in the past 24 hours.
Going forward, however, continued development in the Polkadot ecosystem should see DOT’s price jump higher. Acala, a decentralized exchange built on the Polkadot network, recently began distributing part of its $250 million ecosystem fund for projects looking to build on Polkadot. Analysts expect this to incentivize adoption and activity on the blockchain over time.
Cryptoassets are a highly volatile unregulated investment product.
3. Binance Coin (BNB)
Binance is the world’s largest cryptocurrency exchange by daily trading volumes. The broker has made a name for itself, expanding to over 100 countries and offering different products in its catalogue. All of these are tied to its exchange taken, BNB.
The fifth-most valuable asset in the market, BNB trades at $299.90 – down by 1.60% in the past 24 hours.
There are several reasons to buy Binance Coin right now. Binance’s standing in the crypto market remains strong, and the company recently announced that it would open its BNB Chain to projects that got affected in the Terra ecosystem crash. This new influx of projects should bolster the blockchain standing – and the prospects for BNB in the long term.
Cryptoassets are a highly volatile unregulated investment product.
3. Polygon (MATIC)
Polygon is another popular crypto project that needs no introduction. The layer-two network provides access to the Ethereum blockchain, allowing developers to build with the latter’s resources while also bypassing its high gas fees and transaction latency.
Polygon’s network token, MATIC, is one of the most popular coins in the market. The asset trades at $0.57, down by 3.18% in the past 24 hours.
Like many builders in the crypto space, Polygon’s developers have been doing quite a lot in the past few weeks. This month alone, the blockchain partnered with layer-3 project Orbs to launch an accelerator program for the decentralized finance (DeFi) market.
At the same time, more projects have been launched on Polygon. Tether Limited launched a Pesos-based stablecoin on the blockchain this week, and top lending platform Aave used Polygon as the background layer for its decentralized social media platform Lens Protocol.
With additional functionalities like staking, investors can also earn interest on MATIC and grow their portfolios with low risks.
Cryptoassets are a highly volatile unregulated investment product.
4. FTX Token (FTT)
FTT is the final token in our list of the best altcoins to buy the dip. The asset operates as the exchange token for FTX – the third largest exchange by trading volumes.
Trading at $27.907, FTT is down by 1.71% in the past 24 hours. The asset’s prospects are unsurprisingly tied to those of FTX, and the exchange’s recent growth makes FTT one of the most exciting coins to buy right now.
Last week, West Realm Shires Services, the owner and operator of FTX US, announced that it would launch a new subsidiary called FTX Stocks. As its name suggests, this would be a stock trading service that will be available through the FTX US trading app.
FTX Stocks is expected to offer exposure to hundreds of traditional stocks and exchange-traded funds (ETFs). Users will be able to fund their accounts with fiat-backed stablecoins and directly trade these assets, putting FTX in a good position to challenge retail investment giants like Robinhood. You can keep up with the latest news from B2C by joining our Telegram group.
Cryptoassets are a highly volatile unregulated investment product.
Conclusion – Crypto Crash – Best Altcoins for Buy the Dip Strategy
The market is still facing a downturn that has shaken investor confidence. However, several assets remain fundamentally strong. LBLOCK tops our list, with the asset supporting an ever-expanding ecosystem and finding more use cases.
Related:
- Why Lucky Block Is The Future of Play 2 Earn
- FTX US Set To Roll Out Stock Trading Service
- Crypto Protocols Migrate to Polygon After Terra’s Collapse
- Best Altcoins to Buy
- Best Crypto Winter Tokens
Lucky Block - Undervalued Crypto
- Listed on Gate.io, LBank, MEXC, PancakeSwap
- NFT Competitions, Jackpot Draws
- Powers Casino & Sportsbook Platform - luckyblock.com
- 10,000 NFTs Minted
- $2M+ in Prizes Awarded
This article was written for Business 2 Community by Jimmy Aki.
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