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12 Best Crypto to Buy on the Dip

Kane Pepi
Last updated: | 21 min read
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Crypto prices have dipped recently across the industry. While nobody wishes to experience a bearish cycle again, it does offer the opportunity to scope up some top-rated crypto assets at a huge discount. This guide reviews and ranks the best crypto to buy during the dip, so readers can maximize their investment returns.

The 12 Best Crypto to Buy on the Dip

The list below offers a quick overview of the best crypto to buy during a market crash:

  1. Dogeverse – Overall best crypto to buy on the dip, raised over $13 million in a presale.
  2. WienerAI – Dog-themed meme coin with AI trading bot features and high dynamic APY.
  3. Sealana – Latest Solana presale to buy on the dip with a fresh new meme character.
  4. Mega Dice Token – Earn daily profit share from this popular crypto casino by holding the token.
  5. 99Bitcoins – Learn-to-earn crypto project offers generous staking APY and airdrop rewards.
  6. 5th Scape – New crypto project that merges VR and blockchain technologies, raised over $5 million.
  7. Sponge V2 – Upgraded meme token offers P2E gaming options. 100x in 2023. 
  8. Smog – Popular meme coin aiming for the greatest airdrop on Solana.
  9. eTukTuk – Green crypto project building EV charging stations and tuk-tuks.
  10. Bitcoin – Buy the world’s most popular crypto asset at a 70% discount.
  11. Ethereum – Large-cap smart contract blockchain that remains undervalued.
  12. BNB – Proprietary cryptocurrency backed by the Binance exchange.

Analyzing the Best Cryptos to Buy During the Crash

In this section, we analyze the best crypto to invest in during the crash so that traders can make an informed decision.

1. Dogeverse – Best Crypto to Buy on the Dip, Available on Six Blockchains

Dogeverse is the best crypto to buy on the dip because this is a unique meme coin available on six blockchains: Ethereum, Polygon, Avalanche, Binance, Base and Solana. This availability for two of the largest meme coin communities on Solana and Base are one of the reason why it has already raised $13 million in its presale.

dogeverse presale

Early investors who buy the presale get to earn a dynamic APY of 68%. This could be an excellent way to get more $DOGEVERSE tokens in your bag without actually buying them while you wait for the presale to end. Claim your tokens after the presale ends.

Dogeverse has a total token supply of 200 billion. The presale gets 30 billion tokens and the staking rewards get 20 billion tokens. The team has also allocated 50 billion tokens for marketing purposes, which can be a great boost for the token price once it launches on exchanges.

For the latest updates, follow Dogeverse on X and join the Dogeverse Telegram channel.

Visit Dogeverse

2. WienerAI – Dog-Themed Meme Coin With AI Trading Bot Capabilities

WienerAI ($WAI) is an exciting new meme coin presale that combines meme potential with AI. The WienerAI mascot is part dog, part sausage and part AI trading bot, and you can buy it for $0.000705 during the presale. Note, the price will go up every few days. Keep that in mind if you’re planning to buy the presale. 

wienerai token presale

Consider staking your tokens when you buy them to earn a dynamic APY of over 600%. Expect the APY to drop during the presale as more investors buy and stake, however. Once the presale ends, claim your tokens. This could be one of the best crypto to buy on the dip after it launches on exchanges.

WienerAI will offer an AI trading bot on top of its meme potential, which will offer user-friendly interface, seamless swaps, zero fees and MEV bot protection. You are likely to need $WAI tokens to access the bot, which makes it potentially prudent to buy the token while it has a low price in the presale.

Follow WienerAI on X and join the WienerAI Telegram channel for the latest project updates.

Visit WienerAI

3. Sealana – New Solana Meme Coin Presale With Massive Potential

One of the most popular Solana presales currently is Sealana ($SEAL). This meme coin introduces a new character in the world of dogs, cats and sloths, with the aim to become one of the leading meme coins on Solana. The presale route follows the success of Slerf, which is a popular Solana meme coin that reached $2.7 billion in trading volume in a day after it launched.

sealana token presale

To buy the presale, you can either visit the presale site and use SOL to buy $SEAL, or send SOL to DJ15ZYXqUNMYJ3hL7z4ciSaSFAw5cbos3YjGpdvwmF6c from a decentralized Solana wallet like Solflare.

Each SOL gets you 6,900 $SEAL. You can send any SOL amount you want and you’ll get the appropriate number of $SEAL tokens when the presale ends. Once it launches on exchanges, the exchange rate will fluctuate depending on supply and demand dynamics.

Over $300,000 have been raised so far within days after the presale launched, showing strong investor demand.

Follow Sealana on X and join the Sealana Telegram channel to get the latest information about the presale.

Visit Sealana

4. Mega Dice – Popular Crypto Casino Shares Revenue With Token Holders

Mega Dice ($DICE) is a popular crypto casino that offers its own token in a presale. The idea behind it is that you get to earn a share of the Mega Dice daily profits just by being a holder. Keep in mind, Mega Dice is not new; it already boasts over $50 million in wagering volume and more than 50,000 active players. With the rise in crypto betting, this number is likely to rise.

mega dice token presale

Additional benefits you can get as an early presale investor is the chance to earn limited edition NFTs. These NFTs can be traded on the marketplace or you can keep them to get exclusive benefits and rewards at Mega Dice.

Interested investors can buy $DICE with SOL, which is the preferred option as the token is based on Solana – or they can buy it with ETH or BNB.

Make sure to read the Mega Dice whitepaper for more information. Stay up to date by joining Mega Dice on Telegram and following Mega Dice on X.

Visit Mega Dice Token

5. 99Bitcoin – Learn-to-Earn Crypto Platform With High Staking APY

99Bitcoins ($99BTC) is a leading crypto education platform that boasts over 2 million users for its crypto courses in over a decade. By introducing its own crypto token, 99Bitcoins aims to step up the game and revolutionize crypto learning. The way it will work is users will earn rewards via quizzes and gamified learning mechanics.

99bitcoins presale

Currently in a presale, you can buy the token for $0.00104. Note, the price will go up every few days in the presale. Because of that, $99BTC could be the best crypto to buy during a dip. Once you buy the tokens, consider staking them to earn a 1,400% dynamic staking APY.

The $99BTC token is now on the Ethereum blockchain, but later this year the team will bridge it to Bitcoin’s blockchain using the BRC-20 token standard. Also, there will be a crypto trading signal service launched this year and holding $99BTC tokens would probably be useful to gain access.

For those who participate in the presale, there is a $99,999 worth of Bitcoin (BTC) airdrop that will go to 99 lucky community members. Simply follow 99Bitcoins on X and join the 99Bitcoins Telegram channel among the tasks to become eligible.

Visit 99Bitcoins Token

6. 5thScape – New Crypto Project Merging Virtual Realty and Blockchain

5thScape ($5SCAPE) is the next crypto to buy on a dip because this innovative new project aims to use blockchain for virtual reality games and applications. The team has already raised more than $5 million during the presale, showing strong investor interest.

5th scape crypto project

Buy $5SCAPE with ETH, MATIC, BNB, USDT or a card once you connect your Ethereum-based wallet. For now, there’s no staking rewards but you get to buy the token at a low price before it launches on exchanges.

The token is designed to be the main utility token in the 5thScape ecosystem that will unlock access to premium VR content, give voting rights in the DAO and potentially earn staking rewards in the future.

The project is building several VR games including Cage Conquest, Thrust Hunter and Immersive Kickoff on top of building its own VR headset and a VR-compatible chair. Learn more in the 5thScape whitepaper. Also, follow 5thScape on X and join the 5thScape Telegram channel for updates.

Visit 5th Scape

7. SpongeV2 – Low-Cap Gem Building a Decentralized Fantasy Sports Game

Sponge V2 ($SPONGEV2) is the second iteration of the Sponge V1 token that surged 100x from its presale prices and reached a market cap of $100 million at its peak in 2023. The latest version aims to do better by introducing a play-to-earn racing game with popular meme characters.

spongev2 token

To buy $SPONGEV2, you need $SPONGE tokens, which you can buy at the Sponge V2 presale site, and then stake them. That way your V1 tokens will be converted to V2 at the end of the bridging process. You can buy the token with ETH, USDT or a card, and you can stake your tokens to earn an APY of over 160%.

The Sponge V2 roadmap lists three stages where stage one is the token bridge from V1 to V2. Stage two starts when the bridging process ends and the token is listed on exchanges. The play-to-earn game starts development at this stage. The final stage will see the game launch and listing on tier 1 exchanges.

Check out the Sponge V2 Telegram channel or follow Sponge V2 on X to stay updated.

Visit Sponge V2

8. Smog – Popular Meme Coin Aiming to Make the Greatest Solana Airdrop

Smog ($SMOG) is a hot meme coin on Solana that boasts $77 million market cap after peaking at over $400 million at one point after it launched. Its main appeal is the airdrop that happens in seasons. To become eligible for the airdrop you need to have $SMOG tokens in your wallet and hold them.

smog token

Buy $SMOG on Solana by using the Jupiter aggregator or use ETH, USDT or a card to buy it on the Smog website. If you buy $SMOG this way, you can stake to earn 42% APY.

Another way to earn airdrop points is to participate in the project’s Zealy campaign where you complete quests. If you combine it with holding $SMOG in your wallet, you could see a hefty airdrop in your wallet sometime in the future.

Make sure to join the official Smog Telegram channel and follow Smog on X for the latest developments.

Visit Smog

9. eTukTuk – Green Crypto Project Aiming To Solve Climate Change

eTukTuk ($TUK) is a new crypto project with a noble goal to fight climate change by swapping fuel-powered tuk-tuks with electric ones. On top of that, the team plans to build an electric charging network and AI-powered route optimizer for minimal consumption. So far, the project has raised over $3 million, showing investors are supporting this project.

etuktuk token presale

Buy the $TUK token with BNB, USDT, ETH or a card. Consider staking your $TUK tokens to earn 85% annual percentage yield. Once the project is complete, you’ll be able to use it across the project’s charging network.

The team has also built a mobile game for Android devices where you can earn rewards while driving your virtual eTukTuk on the streets of Sri Lanka.

To get the latest updates, join the eTukTuk Telegram channel or follow eTukTuk on X.

Visit eTukTuk

10. Bitcoin – The World’s Most Popular Cryptocurrency

The five projects discussed above are all low-cap crypto gems with an attractive upside. However, lower-cap assets do come with additional risk and higher levels of volatility.

Investors should also consider a large-cap market leaders like Bitcoin when searching for the best crypto to buy during the crash. Holding Bitcoin in a portfolio offers long-term stability since BTC is typically not as volatile as altcoins.

Bitcoin has cemented itself as a store of value that could one day overtake gold. In the meantime, the current bear market offers an unparalleled opportunity to buy the world’s de-facto crypto asset at a discount.

As of May 29, 2024, the price of Bitcoin is $67,871.81, trading well below its all-time high (ATH) of $73,628.40. Investors can now buy the dip to secure this crypto asset at a discount.

Moreover, Bitcoin should eventually return, or even surpass, its ATH, meaning investors can make a profit. While there are no guarantees in this speculative market, Bitcoin could be one of the best long-term cryptocurrency investments to consider right now, especially at current prices.

11. Ethereum – Large-Cap Smart Contract Blockchain, Remains Undervalued

Ethereum is no stranger to generating significant gains for investors, reaching an all-time high of $4,867.17. However, it is now trading below that value, meaning investors can buy ETH at a sizable discount. As of May 29, 2024, the price of Ethereum is $3,803.22.

Ethereum is also one of the best proof-of-stake coins on the market. Since moving to a proof-of-stake consensus mechanism, Ethereum became considerably more scalable. While it could only handle 15-16 transactions per second (TPS) before, it can now process up to 100,000 TPS.

The importance of this network upgrade should not be understated. Ethereum is the base layer for thousands of other crypto projects (ERC-20 tokens), which must pay transaction fees in ETH. Due to the importance of this network for Web3 as a whole, many argue it is hugely undervalued and still has the potential for substantial gains.

12. BNB – Proprietary Utility Crypto of the Binance Ecosystem

BNB launched in 2017 as the native digital token of the Binance Smart Chain. During its first few years, the primary use case of BNB was to offer discounted trading fees on the Binance exchange. While it still serves this purpose, BNB offers a lot more these days, which is why it’s known as one of the best utility tokens.

Transactions executed on the Binance Smart Chain attract fees, payable in BNB. This means that BNB remains in demand by thousands of projects. BNB is also utilized to buy and sell tokens on the Binance Smart Chain.

Considering that Binance is the most liquid and utilized exchange in the world, with the platform generating billions of dollars in quarterly revenues, the future of BNB could be bright. This is especially the case considering the current price of BNB ($599.72), which is trading below its ATH of $689.33.

What Causes Crypto to Dip?

Crypto dips are often triggered by a combination of factors. Negative market sentiment and major events can instill fear, leading to mass sell-offs. Let’s take a closer look at the four main causes of crypto market crashes.

Negative Market Sentiment

Negative market sentiment plays a role in causing crypto prices to dip due to its high volatility and the emotional trading behaviors of investors.

Sentiment typically sours due to adverse news, such as regulatory crackdowns or high-profile hacks, leading investors to panic sell. This fear-driven selling can quickly escalate, causing prices to plummet as more traders rush to exit positions.

Investors can gauge market sentiment by monitoring crypto-specific social media, news outlets, such as CryptoNews, and analytical tools that track social media sentiment and trading volumes.

To mitigate risks associated with negative sentiment, investors can diversify their portfolios, set stop-loss orders to manage potential losses, and avoid trading based on emotions. Staying informed and maintaining a disciplined crypto trading strategy are crucial during volatile periods.

Regulatory News

Regulatory news often triggers market volatility in the crypto space. When governments announce potential bans, stricter regulations, or harsh tax implications, uncertainty fuels fear among investors. This uncertainty can lead to rapid sell-offs, plummeting prices as market participants try to avoid potential losses.

Investors can monitor regulatory developments through crypto news platforms, financial news websites, and official government releases. Staying updated enables proactive decision-making.

To shield against regulatory shocks, investors can diversify their investments geographically and across different asset types. They might also consider hedging strategies using options or futures to manage potential downside risks. Engaging with legal advice to understand the regulatory landscape can further help in navigating these complex waters effectively.

Profit-Taking

Profit-taking is when investors sell cryptocurrency to realize gains after significant price increases. This selling can saturate the market, leading to sudden price drops as supply outstrips demand. Investors can detect profit-taking by monitoring sudden, large volume increases alongside price peaks, which often indicate selling pressure. 

To mitigate potential losses from these market shifts, investors can use stop-loss orders to automatically sell at a predetermined price. Additionally, setting regular portfolio reviews helps adjust holdings before market sentiment turns negative. 

Keeping informed about market news and trends, such as sudden regulatory changes or crypto influencers‘ opinions, can also provide early signs of widespread profit-taking.

Market Manipulation

Market manipulation in crypto involves actions like wash trading, pump-and-dump schemes, or spreading false information to influence prices. These practices can cause abrupt market dips when manipulators dump their holdings after inflating prices.

Investors can spot potential manipulation by watching for unnatural price movements or trading volumes that don’t align with current market news.

To protect themselves, investors should diversify their portfolios to minimize risk from any single asset. Using technical analysis and crypto tools can also help identify unusual patterns indicative of manipulation. Staying informed through reputable news sources and community discussions can further aid in recognizing and avoiding manipulated markets.

Advantages of Buying Crypto After a Dip

Buying crypto after a dip presents several strategic advantages for investors. Lower entry points during market corrections offer the potential for significant gains as prices rebound. Understanding these benefits can help investors make informed decisions and optimize their crypto investment strategies.

Lower Entry Point

Buying crypto after a dip offers a lower entry point, making it financially advantageous for investors. This means purchasing at a reduced price, potentially increasing the profit margin when the market recovers.

For instance, if Bitcoin drops from $60,000 to $30,000 and rebounds to $60,000, buying during the dip could double an investment’s value as the market recovers.

Investors can capitalize on this by setting buy orders for prices that are historically low or by using dollar-cost averaging to reduce exposure to volatility.

Monitoring market trends and understanding the factors driving the dip are crucial for timing purchases effectively and maximizing potential gains.

Chance to Time the Market

Buying crypto after a dip presents an opportunity to time the market, potentially leading to significant returns. During dips, investors can buy at lower prices before a recovery, increasing their investment’s growth potential.

As the Bitcoin (BTC) price consolidates just to the north of $63,000, investors are weighing up whether it could be the best crypto to buy now.

For example, if Ethereum falls by 30% due to market correction and then rebounds, early dip purchasers benefit most.

Investors can optimize this strategy by analyzing historical data to identify patterns of dips and recoveries. Tools like price alert sites and technical analysis can help investors enter the market at opportune moments, giving them a strategic advantage.

Capitalize on Market Corrections

Capitalizing on market corrections offers a strategic advantage in buying crypto at reduced prices. Corrections often occur when market prices adjust after rapid gains, presenting a temporary dip.

For instance, if Bitcoin’s price drops suddenly due to a minor sell-off but the long-term outlook remains bullish, buying during this dip could lead to substantial gains as the market recovers.

Investors can take advantage of these moments by setting buy orders at predefined lower price levels. This proactive strategy ensures they purchase during dips without constantly monitoring prices. Utilizing automated crypto trading tools can also help execute purchases at the optimal time, leveraging corrections for potential profit.

Drawbacks of Buying Crypto After a Dip

Buying crypto after a dip comes with inherent drawbacks. These challenges range from emotional decision-making to the real costs of missed alternative investments. Understanding these risks is crucial for investors aiming to make informed and effective choices.

Catching a Falling Knife

Buying crypto during a dip risks “catching a falling knife,” where prices continue to drop after purchase. This can result in significant losses if the market hasn’t bottomed out yet.

The XRP price was last around $0.5320, with the bears eyeing a potential drop back towards recent lows $0.4250.

Investors can avoid this by using stop-loss orders to limit potential losses or waiting for signs of market stabilization before buying, ensuring they’re not entering during a temporary rebound or further declines.

Emotional Decision Making

Emotional decision-making can lead to impulsive purchases during market dips, driven by fear of missing out (FOMO) or panic. This often results in poor timing and regrettable investments, exacerbated by the sunk cost fallacy where more funds are invested to ‘save’ losing positions.

To counteract this, investors should adhere to a disciplined investment strategy, setting predetermined conditions for entry and exit. Consulting historical data and trends rather than reacting to sudden market movements also helps maintain objectivity and reduce emotionally-driven decisions.

Opportunity Cost

Opportunity cost is a significant drawback when buying crypto after a dip. Investing in a depreciating asset might lock funds that could yield higher returns elsewhere. In other words, while funds are tied up in recovering cryptos, other financial instruments or cryptocurrencies might be appreciating faster.

Investors can mitigate this by diversifying their crypto portfolio allocation. This strategy allows them to capture potential gains across different assets, minimizing the risk of missed opportunities.

How to Find Cryptos to Buy on the Dip

The best approach dealing with market downturns is to buy the dip across multiple projects. This ensures that the portfolio is well-diversified and not overexposed to a small number of tokens. Below, we go over ways to find and choose cryptos to buy during the dip.

Purchase Newly Launched Cryptocurrencies

Newly launched cryptocurrencies often represent fresh investment opportunities, especially during market dips. These new crypto coins may experience initial volatility, offering lower prices that savvy investors can capitalize on.

For example, Smog launched on February 7, 2024 on the Jupiter DEX, after a highly successful presale. Upon listing, its value climbed by 4,700% in the first 36 hours. One month later, it reached a $264 million market cap and a 600% rise in token value. While those gains weren’t sustained, early investors enjoyed explosive profits.

Smog all time price chart

To invest, track ICO performance and market entry points, focusing on projects with strong fundamentals and innovative technology. This strategy can allow investors to enter at a lower cost before potential growth.

Invest in Presales to Avoid Volatility

Investing in presales can be a strategic move to avoid market volatility, as tokens are not yet publicly traded and therefore not subject to price fluctuations. This can protect investments from the dips that affect already circulating cryptocurrencies.

In addition, finding the best crypto presales at a lower initial price can be beneficial for investors, particularly during market dips. Traders can identify presales worth investing in by researching projects with high potential and securing tokens before public trading begins.

For instance, Dogeverse is currently a compelling presale investment due to its multichain capabilities, generous staking APY, substantial allocation for marketing, and solid roadmap. All this promises robust post-launch value growth.

Dogeverse roadmap, from presale to DEX and CEX listings.

This approach allows for early entry at favorable prices, maximizing potential returns as the market recovers. Ensure thorough due diligence to choose projects with strategic roadmaps and credible teams.

Buy and Hold Top-10 Crypto Assets

Buying and holding top-10 cryptocurrencies is a prudent strategy during market dips. These coins, like Bitcoin and Ethereum, have strong fundamentals and higher recovery probabilities post-dip.

Investors typically select these well-established assets because they offer more stability and long-term growth potential compared to newer, less tested cryptocurrencies.

To implement this strategy, investors should monitor the market for significant dips in these top-tier assets, purchase them at reduced prices, and hold for recovery. This approach helps mitigate risk while aiming for robust returns as the market stabilizes.

Conclusion: What Is the Best Crypto to Buy on the Dip?

For many, the current crypto bear market has resulted in a huge drop in portfolio valuation. Even the largest cryptocurrencies by market capitalization, namely Bitcoin, have witnessed sizable declines since hitting all-time highs in March 2024. This does, however, offer the opportunity to buy crypto assets at a discount.

One of the top options to look at right now is Dogeverse. This exciting new meme coin is multichain, being available on Ethereum, Solana, Base, Avalanche, Polygon, and Binance. It has raised over $13 million in its presale so far.

Visit Dogeverse

 

FAQs

What is the best crypto to buy during the dip?

Dogeverse is the best crypto to buy during the current dip due to its unique multichain presence, solid roadmap, and dynamic APY benefits for early investors, promising significant post-launch growth potential and resilience in various market conditions.

Should you buy crypto when it dips?

Buying crypto during a dip can be advantageous as it allows for purchasing at lower prices, potentially maximizing returns if the market recovers. However, it’s essential to assess the risk and perform due diligence before investing.

Will the crypto market recover?

Over the prior decade, the crypto market has witnessed plenty of bear and bull cycles. While history suggests that the current market dip is temporary, there is no surefire way of knowing. As such, investors should proceed with caution when buying cryptocurrencies during a market crash.

References