The cryptocurrency market is anticipated to close down for the sixth week in a row. The business is still reeling from the global fall that occurred two weeks ago, and investor mood is skewed. Despite the price decline, the current market provides a chance for investors to purchase the dip. Finding the best cryptocurrencies to purchase on the drop right now will set you up for future rewards when the market eventually turns bullish. Here are our top recommendations.
1. The Lucky Block (LBLOCK)
LBLOCK is now the best cryptocurrency to buy the dip. The Lucky Block ecosystem created the asset, and it is one of the market’s newest currencies with the greatest potential.
Lucky Block is a blockchain-based gaming platform. It contains an ecosystem of games, which gamers can access by buying its LBLOCK token. Lucky Block encourages openness and accountability via its blockchain-based organisation.
Lucky Block is a gaming platform that offers play-to-earn prizes. Its use of blockchain technology eliminates entry barriers, allowing anybody with the LBLOCK token to get access to its ecosystem.
LBLOCK noticed a surge in investor interest after its January debut. Many people hurried to purchase Lucky Block, driving the asset’s value to an all-time high of $0.0096. LBLOCK is currently trading at $0.0021. To understand more about the asset’s price estimate, see our Lucky Block price prediction.
The cryptocurrency has continued to smash records, becoming the quickest to reach a billion-dollar market valuation and drawing over 50,000 investors in its first 90 days.
Given the recent advances in the Lucky Block ecosystem, it’s simple to understand why LBLOCK is so appealing. The impending Lucky Block reward pool, which enables ecosystem members to win up to $2.3 million in prizes, is the most visible. The first draw for the pool will take place on May 31st.
On May 30th, Lucky Block is also set to release its online app. The web app will allow anybody, no matter where they are in the globe, to access the Lucky Block ecosystem. Improved access is projected to expand the use cases for LBLOCK, driving up its price even more.
2. Polkadots (DOT)
Polkadot’s DOT token is next on our list of the top cryptocurrencies for buying the dip. Polkadot is a well-known blockchain platform that has emerged as a key member of the “Ethereum killers” club — blockchains projected to be the next significant development chain.
Polkadot aims to maximise performance and functionality for developers by focusing on interoperability.
During the market slump, the DOT token has been one of the better performers. It is now trading at $9.03, down 1.02 percent in the last 24 hours.
However, continuing growth in the Polkadot ecosystem should cause DOT’s price to rise in the future. Acala, a decentralised exchange based on the Polkadot network, has just begun distributing a portion of its $250 million ecosystem fund to companies wishing to develop on the Polkadot network. Analysts anticipate that this will stimulate blockchain adoption and activity over time.
3. Binance Coin (BNB)
By daily trading volume, Binance is the world’s biggest cryptocurrency exchange. The broker has created a reputation for itself by spreading to over 100 countries and providing a diverse range of goods. All of this is linked to the BNB exchange.
BNB, the market’s fifth-most valued asset, is now trading at $299.90, down 1.60 percent in the last 24 hours.
There are numerous compelling reasons to purchase Binance Coin right now. Binance’s position in the cryptocurrency market remains strong, and the firm recently declared that it will offer its BNB Chain to projects impacted by the Terra ecosystem catastrophe. This fresh flood of initiatives should improve the blockchain’s status – and, in the long run, the prospects for BNB.
4. polygon (MATIC)
Polygon is another well-known crypto project that requires no introduction. The layer-two network gives developers access to the Ethereum blockchain, enabling them to build using its resources while avoiding its high gas prices and transaction latency.
MATIC, Polygon’s network token, is one of the market’s most popular currencies. The asset is now trading at $0.57, down 3.18 percent in the last 24 hours.
Polygon’s engineers, like many others in the crypto world, have been busy in recent weeks. This month, the blockchain collaborated with layer-3 startup Orbs to develop a decentralised finance (DeFi) accelerator programme.
Simultaneously, additional projects have been introduced on Polygon. This week, Tether Limited introduced a Pesos-based stablecoin on the blockchain, while Aave, a leading lending company, adopted Polygon as the backdrop layer for its decentralised social media platform Lens Protocol.
Investors may earn income on MATIC and develop their portfolios with little risk by using extra features such as staking.
5. The FTX Token (FTT)
The last token on our list of the top cryptocurrencies to purchase the dip is FTT. The asset serves as an exchange token for FTX, the third biggest exchange in terms of trading volume.
FTT is now trading at $27.907, down 1.71 percent in the last 24 hours. Unsurprisingly, the asset’s prospects are linked to those of FTX, and the exchange’s rapid success makes FTT one of the most intriguing cryptocurrencies to acquire right now.
West Realm Shires Services, the owner and operator of FTX US, announced this week the formation of a new subsidiary named FTX Stocks. As the name implies, this is a stock trading service that will be accessible through the FTX US trading app.
FTX Equities is anticipated to provide exposure to hundreds of conventional stocks and ETFs (ETFs). Users will be able to fill their accounts with fiat-backed stablecoins and immediately trade these assets, positioning FTX to compete with retail investing behemoths like Robinhood. You can stay up to date on the newest news.
Conclusion – Crypto Crash – Best Altcoins for Buy the Dip Strategy
The market is still in a slump, which has undermined investor confidence. Several assets, though, remain fundamentally solid. LBLOCK is at the top of our list, with the asset enabling an ever-expanding ecosystem and discovering new use cases.