Holding altcoins can be an exciting and potentially lucrative opportunity in a bear market. However, the volatile nature of these assets often introduces investors to market dips. According to crypto expert Victor, this could also be an ideal time to enter the market strategically. The expert shares some of the best altcoin projects to buy during market dips.
In the first place is the leading altcoin Ethereum (ETH)
Ethereum is currently the second largest cryptocurrency by market cap. Ethereum has established itself as a robust and versatile Blockchain platform. Its native token, ETH, powers the network. It also plays a crucial role in the decentralized finance (DeFi) ecosystem. With ongoing upgrades like Ethereum 2.0 aimed at increasing scalability and reducing transaction fees, Ethereum remains a strong choice for long-term investment, especially during market downturns. It is important to note that the Ethereum Foundation is constantly launching developer programs. The last of these was ETHGlobal Waterloo.
At the time of this writing, ETH is trading at $1,845. ETH’s 24-hour trading volume is at $4.6 billion. It also has a circulation and total supply of $120.2 million and an infinite maximum supply.
Second place is Binance Coin (BNB)
Binance Coin, the native cryptocurrency of the Binance exchange, has seen remarkable growth. BNB provides users with various benefits, including low transaction fees, participation in token sales, and more. As Binance continues to expand its services and partnerships, the value and demand for BNB is likely to increase. So, buying BNB during market downturns is an opportunity to tap into its long-term potential. It’s important to note that Binance has launched its automated trading scheme. The exchange has a weighted index with a portfolio of 10 coins. Meanwhile, it grew 51% in one year.
At the time of this writing, BNB is priced at $260 with a 24-hour trading volume of $565 million. It also has a circulating and total supply of $155 million and a maximum supply of 200 million coins.
As the leading altcoin competitor, Cardano (ADA) is also on the list
Cardano is an L1 Blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications. Its native token ADA has received a lot of attention due to its strong development team. Cardano’s roadmap includes the introduction of smart contracts that can further increase the value proposition. Therefore, it is possible that investment in ADA will yield positive returns in the future during market downturns. It’s important to note that Cardano has completed its re-delegation phase, Voltaire. Here, ADA holders have the opportunity to vote on many internal decisions to make Cardano work better.
At the time of this writing, ADA is priced at $0.31. The 24-hour trading volume of the token is $289 million. It also has a circulating and total supply of $289 million and a maximum supply of 45 billion tokens.
In fourth place is Polkadot (DOT).
Polkadot is a multi-chain platform that enables any type of data or asset to be transferred between different Blockchains. Its interoperability features aim to solve one of the industry’s key challenges. This makes it an attractive investment option. With its innovative technology and growing ecosystem, Polkadot has attracted great attention from both developers and investors. Buying DOT during market downturns is an opportunity to participate in the long-term success of the project. It is important to note that Polkadot has launched its latest ecosystem event called “Decoded”. They will also hold a hackathon from July 3 to 23.
At the time of this writing, DOT has a price of $5 and a 24-hour trading volume of $97 million. Also, its circulating and total supply is $1.2 billion. However, it has an infinite maximum supply.
Last ranked altcoin Chainlink (LINK)
Chainlink is a decentralized oracle network that connects smart contracts to real-world data. It bridges the gap between blockchain and external systems. Its technology has been widely adopted in various industries. For example finance, gaming and supply chain management. As the demand for reliable and tamper-proof data streams continues to increase, Chainlink’s Oracle solutions are expected to play a crucial role. Thus, buying LINK during market downturns can position investors for potential long-term gains. It is important to note that Chainlink works with SWIFT to provide interconnection between banks and private blockchains.
At the time of this writing, LINK has a price of $6 and a 24-hour trading volume of $90 million. It also has a circulating and total supply of $517 million and 1 billion tokens, respectively. Its maximum supply is 1 billion tokens.
The opinions and recommendations in the article belong to the experts and are definitely not investment advice. Before investing, cryptocoin.com We strongly recommend that you do your own research.
Contact us to be instantly informed about the last minute developments.twitter‘in,Facebookin andInstagramFollow andTelegramAndYouTubejoin our channel!
For the rest of the article Crypto Hunters Attention: Top 5 Altcoins to Buy from the Bottom!