Best Coins to Buy on This Dip 11 October – USTC, TRX, IMPT, LUNC, TAMA
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Heading into October’s second week, the crypto market appears to be consolidating once more. Cryptocurrencies are currently bearish. Still, several coins provide opportunities for profitability. The digital assets reviewed in this guide would be interesting additions for investors in this dip.
USTC is the first asset on our list of the best coins to buy in this dip. The crypto asset used to be the primary stablecoin of the Terra ecosystem, although it depegged from the dollar earlier this year, and its value dipped significantly.
At press time, USTC trades at $0.0545. The digital asset pumped 36% in the past 24 hours, beating the broader market’s performance.
Investors are currently excited about USTC’s possible repeg. A proposal was sent to the community recently; developer Tobias Anderson claimed that USTC could repeg by reducing some of the debt accumulated during the crash in May. Although the community still has to vote on the proposal, excitement about a possible repeg appears to have fielded the current surge.
TRX is the native token for Tron, a content-sharing and distribution protocol that has also grown into a full-fledged blockchain ecosystem.
At press time, the asset trades at $0.062, a downtrend of 4.40% in the past day.
Despite the drop, the TRON ecosystem has been growing, with more projects joining the platform and building on it. Increased adoption is usually a strong bullish sign, and crypto enthusiasts believe the coin will react positively.
Impact Project (IMPT)
Next on our list is IMPT. The crypto asset, which is described by many as the greenest cryptocurrency in the market, powers the Impact Project.
Impact Project focuses on using blockchain technology to combat climate change. The protocol allows individuals and companies to purchase carbon credits that they can use to offset some of their carbon footprints.
IMPT is currently available on presale. The asset has so far raised over $3 million from its presale, showing an impressive level of investor demand. Interested investors can buy IMPT tokens on presale now.
Luna Classic (LUNC)
At some point, LUNC was one of the most in-demand assets in the market. The crypto asset was the primary token for the Terra stablecoin ecosystem and was the 10th most valuable cryptocurrency in the market at its height.
However, after Terra crashed in May and the USTC stablecoin depegged, LUNC lost 99% of its value. The token currently trades at $0.00028, a downtrend of 6.70% in the past 24 hours.
LUNC would be an additional beneficiary of the USTC repeg proposal. Just as well, the burning of LUNC tokens is progressing fine. Binance has burned 3 billion tokens over the past week.
$3B BURN BY BINANCEhttps://t.co/01JSIzTWEP— 🐂 𝐂𝐨𝐚𝐜𝐡 𝐁𝐫𝐮𝐜𝐞 𝐖𝐫𝐚𝐧𝐠𝐥𝐞𝐫 🚬 (@OX_DAO) October 10, 2022
I still think this is INCREDIBLE that it’s happening. It’s the only time Binance has ever done anything like this. They just sent $1M dollars to the burn wallet
Their burns and social media support helps the $LUNC community massively
TAMA concludes our list of the best coins to buy right now. The digital asset is the native token for Tamadoge, a blockchain gaming platform with one of the market’s best crypto presales this year.
Tamadoge allows users to purchase non-fungible tokens (NFTs) representing digital pets. Users can breed their pets and use them to battle for the chance to win TAMA tokens.
With a current price of $0.03639, TAMA has been on a downtrend of 9.88% in the past 24 hours.
Investors are currently anticipating the release of ultra-rare Tamadoge NFTs.
⏰ Only 3 Days Left Until The End Of The Ultra Rare #Tamadoge NFT Auction On @Opensea ⏰— TAMADOGE (@Tamadogecoin) October 10, 2022
Follow The Link Below And Place Your Bid Now – Remember That Ultra Rare Tamadoge NFTs Feature Boosted Speed, Agility And Awareness 🤩⬇️https://t.co/hUtUDoLqzh pic.twitter.com/Xb5PlfbTiv
The NFTs are expected to be digital pets that will offer advanced functionalities. For players looking to get an advantage in the Tamadoge game, these NFTs could be the real prize. The ultra-rare NFTs will be launched on OpenSea later this week.
Even in a bear market, investors have several opportunities to earn. The coins listed above have some impressive fundamentals at the moment. However, we recommend that investors buy IMPT tokens on presale for massive gains when the market flips bullish.