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As Bitcoin hovers around $51,000 amidst ongoing market turbulence, altcoins may drop further until the market stabilizes and cools off. However, this offers a great chance for investors to buy at discounted prices as the crypto market nears its next bull cycle.
In this environment, savvy investors are turning their attention to promising altcoins and meme coins, viewing the current dip as an opportunity to build their portfolios. With prices lower than usual, it’s an ideal time to acquire assets that may see significant appreciation once the market recovers.
As the crypto space braces for the next bull cycle, those who act now could benefit from substantial gains when the market rebounds. This article contains a list of top altcoin picks for the current crypto dip.
Ethereum (ETH)
Ethereum has been highlighted as a key asset to watch during the current market dip. Ethereum has demonstrated resilience, despite recent price fluctuations. Over the past month, $ETH has fluctuated between $2,200 and $3,500. As it approaches the lower end of this range, there may be an opportunity for a rebound.
The recent downturn presents a chance for investors to consider dollar-cost averaging into Ethereum, especially when prices approach the $2,200 mark and become nearly oversold on the Relative Strength Index (RSI). This strategy could be advantageous given the recent substantial drop in Ethereum’s value.
JasmyCoin (JASMY)
JasmyCoin, often referred to as ‘Japan Bitcoin,’ has shown resilience amid recent market corrections. Currently, it boasts a market cap of approximately $790 million, with a trading volume of $296 million.
Despite a significant dip of about 99% from its all-time high, $JASMY remains promising due to its strong presence and adoption in Japan’s growing crypto market.
With nearly 99% of its supply in circulation, JasmyCoin offers substantial room for growth. The coin’s performance suggests potential upside, especially as Japan continues to embrace crypto.
TopG1500 (T1500)
TopG1500 stands out as a unique meme coin with a compelling narrative that has managed to resist the broader market downturn. This coin is tied to an intriguing story of an individual named Jake Guerilla who is traveling from the UK to Romania on foot to meet Andrew and Tristan Tate.
This journey, coupled with the coin’s connection to a high-profile persona, has contributed to its remarkable performance despite overall market corrections.
$T1500 has achieved a notable market cap of $2.2 million, a significant milestone for a new entrant in the meme coin arena. Despite a few sell-offs by larger investors, the coin continues to display strong buying interest and solid price action.
To see the full list of top altcoins to buy during a market dip, check out the video above and follow his YouTube channel. Additionally, join Jacob Bury’s Discord channel for trading tips and updates on upcoming crypto presales.
Even amidst a global financial market selloff, crypto investors are eager to seize opportunities in presales, as these tokens frequently experience significant gains once they list on crypto exchanges.
Pepe Unchained (PEPU)
Among the standout presales of 2024 is Pepe Unchained, which has made waves by surpassing $7 million in its $PEPU token presale. Unlike many of its peers that rely solely on viral marketing, Pepe Unchained offers a significant innovation—a layer-2 solution designed to enhance transaction efficiency.
This solution aims to alleviate congestion on the Ethereum blockchain, resulting in faster and more cost-effective trading options for both speculative and long-term investors. According to Pepe Unchained’s whitepaper, the network will operate 100 times faster than Ethereum.
Additionally, Pepe Unchained will feature a staking protocol for its native $PEPU token, allowing holders to lock up their tokens and earn annual yields exceeding 265%. Rewards will be distributed at a rate of 608.82 $PEPU tokens per $ETH block, with the staking system running for two years.
The tokenomics reveal that 30% of the total 8 billion token supply is allocated for staking rewards, 20% for the presale, another 20% for marketing, 10% each for chain inventory and liquidity, and the remaining 10% for project financing.
Currently, tokens are available at $0.008875 each. Given that the presale will proceed in stages with increasing prices, many meme coin enthusiasts are rushing to participate early to secure the best entry price.
These two crypto presales show considerable potential, drawing significant investment and featuring technological innovations. In the video provided, Jacob has listed these emerging crypto projects as top picks for investors as the market shifts towards a bullish trend.
PlayDoge (PLAY)
PlayDoge is establishing itself as one of the most eagerly awaited meme coin launches of the year. The nostalgic Play-to-Earn (P2E) project has nearly reached the $6 million mark in its presale. Merging internet meme culture with ‘90s video game nostalgia, PlayDoge aims to create an engaging gaming ecosystem.
Players adopt a Doge pet and earn $PLAY tokens by ensuring its well-being and happiness. By nurturing their pet, players gain XP and advance on the project’s leaderboard. Additional XP can be earned by completing minigames, with higher leaderboard rankings translating to more $PLAY tokens.
The concept is compelling, tapping into both nostalgic gaming and tangible rewards. Notably, users must hold $PLAY tokens to earn rewards, which can also be used for in-game purchases and staking. This inherent utility boosts demand potential, which could positively impact the token’s value.
The PlayDoge presale is further enhanced by substantial staking rewards, offering an impressive 78% APY for tokens deposited in the staking contract. With over 239 million $PLAY already staked, the strong community interest is evident.
Out of a total supply of 9.4 billion tokens, 12% is allocated for staking rewards, 50% for the presale, and the remainder will be distributed among community rewards, liquidity, marketing, and project funds.
Interested individuals can follow PlayDoge on X or join its Telegram group for updates. To take part in the $PLAY toke presale visit playdoge.io.
Related
- 6 Best Altcoins to Invest In Now August 3 – Avalanche, XAI, Render, Celestia
- Ethereum Price Prediction: ETH Plunges 20% As Jump Crypto Unstakes $315M Ethereum And Analysts Say Consider This Olympic Games Meme Coin For Huge Gains
- Neiro Ethereum Price Prediction: NEIRO Plunges 17% As Pepe Unchained ICO Rockets Past $7.2 Million Despite Crypto Crash
- TopG1500 Price Prediction – Is $T1500 the Hottest Solana Meme Coin to Buy Right Now?
PlayDoge (PLAY) - Newest ICO On BNB Chain
- 2D Virtual Doge Pet
- Play To Earn Meme Coin Fusion
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- SolidProof Audited - playdoge.io
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