The cryptocurrency market is no stranger to sudden and drastic dips. In fact, it seems like crypto assets are especially volatile and prone to large swings in value. While some investors see this as an opportunity to buy low and sell high, others are more cautious, worried that a further dip could result in a total market crash. So, what’s the best strategy for investing in a market dip? And, more specifically, what are the best altcoins to buy during a market crash? So, if you are interested in trading bitcoin, you may visit Bitsoft 360.
Biconomy
On Tuesday, the Gemini exchange announced that it would list its Web3 cryptocoin bull catalyst, Biconomy, for trading. BICO is up 7.4% this week, while Bitcoin is down 7.1%.
BICO is up 19% against the BICO/BTC pair, one of the top 5 crypto earners on Binance and the largest crypto earner on eToro, up 15% in USD value .
BICO was also hit harder than many altcoins by the 2022 bear market, with him down 88% from $4.55 at the start of the year.
Earlier this month, we reported a trend for “BICO Crypto” in our Google Trends data. UPDATE – BICO is now also the top crypto earner on Binance for USDT.
Lucky Block
The trend earlier this year was the LBLOCK token, which completed its V2 token upgrade. The update saw his new ERC-20 token listed on more cryptocurrency exchanges, including his MEXC, on August 1, raising it to almost $0.005.
The move was half of the previous $0.01 ATH set in February 2022, just weeks after launch. This nine-month-old asset has a low market cap of just $15 million and has held the $0.002 support area for the past three weeks, unaffected by the cryptocurrency crash.
LBLOCK V2, with the cryptocurrency listing on Gate.io scheduled for September 1, could be the reason behind this lack of selling pressure. The LBLOCK V1 token could be an undervalued crypto asset currently, trading at $0.00038. This is almost double the pre-sale price. This BSC token of his has fallen less than Bitcoin during the last 24-hour crash.
Synthetix
Synthetix is a decentralized synthetic assets platform built on Ethereum. It allows users to mint, trade, and exchange synthetic assets that are pegged to real-world assets.
The recent crypto market crash has created a lot of opportunities for investors to buy altcoins at a discount. One of the best altcoins to buy in the dip is Synthetix.
Also, Synthetix, one of the most popular cryptocurrency tokens in the past few months, is currently the second highest on eToro, up 3.6%, beating Bitcoin (against BTC). (up 7.4% in 2018).
This month, CryptoSlate speculated about the possible reasons for the strong performance of his SNX token in the summer of 2022. This includes integration with 1 inch and multiple protocols integrated with Synthetix on Optimism.
The SNX roadmap for the next six months will also help sustain growth, unlike some tokens that surged during the crypto crash, which could be a random short squeeze or a pump-and-dump.
For example, ‘VGX crypto’ is trending as it rose almost 100% yesterday, but Binance is issuing a risk warning as Voyager filed for Chapter 11 bankruptcy.
Tamadoge
When the market crashes, it can be difficult to know where to put your money. However, if you’re looking to invest in altcoins, Tamadoge is a great place to start. They offer a wide variety of altcoins, so you’re sure to find one that suits your needs. Plus, they frequently have sales and discounts, so you can get a great deal on your investment.
The best crypto winter tokens may be the ones currently on presale, as new coin launches in ICOs and IDOs tend to work well regardless of bear market conditions.
One of his featured presales, Battle Infinity (IBAT), was his 700% increase in presale price when it launched on PancakeSwap this month. It has since declined, but is still up about 100%.
Gyokudo’s pre-sale is currently 60% sold out, and at the current pace he could be sold out in September. To read the whitepaper and roadmap, visit buy.tamadoge.io. Tamadoge is an upcoming NFT game where players mint, feed, train, and battle Doge pets tokenized as NFTs to earn crypto rewards paid in TAMAs.
His latest DappRadar crypto market report finds that blockchain gaming has “survived” the 2022 bear market storm better than other cryptocurrency sectors. This would look optimistic for new crypto games.
Ripple
When the crypto markets crash, it can be a great opportunity to buy altcoins at a discount. One altcoin that is often worth considering during a market dip is Ripple (XRP). Ripple is a digital asset that is used by banks and financial institutions for fast and cheap payments. Unlike many other cryptocurrencies, Ripple is not decentralized but instead is managed by a central organization.
This centralized management structure allows for faster transaction times and lower fees than other cryptocurrencies. For these reasons, Ripple can be a great option to consider when buying altcoins during a market dip.