In the past few weeks, the crypto market has been undergoing price correction with cryptos slipping considerably. However, this time of dip is a great chance to accumulate tokens with growth potential at a low price. To profit from the next crypto boom, this article will analyze 4 best cryptos to buy in this dip. Some of the top cryptos that made the list are KangaMoon, Ethena, Arbitrum, and Bitcoin Cash.
KangaMoon (KANG) Price Rises by 400%
While Ethena, Arbitrum, and Bitcoin have chances of catching up in the bull market, KangaMoon is the crypto to buy with the potential to rise by 10x. KANG has already produced a significant jump in profit for early buyers, having surged by 400%. However, analysts opined this could just be the beginning as the token can rise by 1000% before listing.
What prompts this bold prediction is the KangaMoon solid utility of GameFI and SocialFi all incorporated into one. Participants in KangaMoon games earn valuable assets as rewards, while active participants on the platforms Twitter and Telegram earn free tokens. A strong reason why KangaMoon is a top crypto to invest in is the staking option which was launched recently.
The staking app allows users to stage their KANG tokens for more profit. Meanwhile, KangaMoon is at the bonus stage and buyers can purchase KANG for $0.025. With KangaMoon boasting a robust ecosystem of more than 25k members and nearly 10k holders, it’s presale funding which is currently at $6.7 million could hit $10 million by the end of the presale.
Ethena Price Projected To Hit $1 Soon
While Ethena may have lost considerably to the bearish sentiments of the past months, analysts believe the token is a good crypto to buy at the dip. With a 32% loss in the past month leading to a drop below $1, Ethena token is facing perhaps its most challenging time in the crypto market.
With a quest to unite DeFi, CeFi, and TradFi, Ethena may see more adoption that would push up the price. As evident from the Ethena trading volume which has risen significantly in the past week, the Ethena coin may hit $1 in the coming weeks.
Arbitrum Trading Volume Experience a Spark
In this turbulent time that has seen Arbitrum slip in the past month, the Arbitrum trading volume is providing a course for optimism. Unlike the Arbitrum market cap which has dropped slightly, the trading volume has surged past $300 million.
However, Arbitrum is on course to climb the $1 resistance trendline which could signify the return of the bulls. If this happens, the Arbitrum token may see huge rises before the end of the year, making it one of the best crypto investments at the dip.
Bitcoin Cash Price Set to Rise In Coming Weeks
For those who may want Bitcoin-compatible tokens, Bitcoin Cash is a low-cost option. Now that Bitcoin Cash price has slipped due to market correction, the best time to accumulate BCH is now. According to market forecasts, Bitcoin Cash is closing into a trendline that may shoot it up to $500.
Although the Bitcoin Cash market cap is slowing down, the token has found solace in the trading volume, which is growing significantly. With the bull market set to take over soon, analysts’ Bitcoin Cash price prediction is in the range of $500 for Q3.
Conclusion
The time of the crypto dip is a good opportunity to buy solid tokens at a low price. The aforementioned tokens are backed with strong utility that can see them head to the moon in 2024. Particularly, KangaMoon could be a great crypto for beginners who want quick profit.
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Disclaimer: The information provided in this article is intended for informational purposes only and should not be construed as financial advice. Any decisions made based on the content of this article are solely the responsibility of the reader. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
