With the Current Market Dip, Here Are the 5 Best Cryptocurrencies To Invest in Now

The cryptocurrency market is highly volatile with many cryptos losing their value over time. With the current market dip, some analysts have studied the crypto market trends and have picked top cryptos to buy in the dip. Among the expert's picks to buy now are KangaMoon, Ethereum, Bitcoin Cash, Litecoin, and Solana. These top cryptos have the potential to witness massive rallies in the coming months. 

While Ethereum is on the path of hitting new milestones, Bitcoin Cash price has set a new year record. Litecoin is now the most commonly used crypto for payment on Bitbay. The massive developments in the Solana ecosystem could push the token to set a new ATH record. Meanwhile, the ongoing KangaMoon presale has drawn investors' attention. Having given early investors massive returns, analysts have picked it as one of the best cryptos to buy now. 

Let's see more reasons why these cryptos were picked below.

KangaMoon (KANG)

KangaMoon (KANG) is a platform that is set to integrate Play2Earn and the social-fi model to build a vibrant community where players can compete in fun-filled activities and competitions and earn rewards and prizes. Players will also be able to build their characters and unique abilities, connect with players globally to challenge them in fights and tournaments to test their skills

Every challenge in the platform is a chance to win and every victory counts and translates to real-world values and rewards. Token holders can also get more tokens when they join to promote the project on social media. So far, the KangaMoon project is in the 5th stage of presale with the KANG token sold for just $0.0196. Some analysts have projected 50x returns in the year as the token is set to hit CEX exchanges in Q2. 

 Early buyers who joined in stage 1 have gotten over 290% ROI as the price keeps increasing after every stage. The team has raised over $4.4M while setting eyes on $9M before the end of the presale. With over 20k sign-ups on the platform and 5,800 token holders, KangaMoon is one of the top cryptos to buy now for future profits. 

Ethereum (ETH)

Ethereum is one of the top cryptos that has witnessed massive growth in the past months. With the Ethereum ETF approval underway, the demand for Ethereum tokens could surge in the coming weeks. Also, there has been surging demand for DeFi tokens in recent months and being one of the leading DeFi tokens makes it a viable investment option in 2024. 

Meanwhile, the Ethereum Market cap has hit $400B, the second highest after Bitcoin. The top crypto briefly touched the $4,000 resistance zone a few days ago. Although it was not able to break through, some analysts still believe it is a sign of a positive thing to come and also went ahead to forecast a retest in the coming days. 

While the Ethereum price is struggling to stabilize at the $3350 support zone, some analysts believe that a resurgence could happen at any moment. As such, now is the best time to buy the dip before the bull run begins. 

Bitcoin Cash (BCH)

Bitcoin Cash (BCH) is a peer-to-peer electronic cash system with the goal of becoming sound global money with fast payments, micro fees, privacy and larger block sizes. While Bitcoin processes 3-7 transactions per second, Bitcoin Cash is faster with the capacity to process up to 200 transactions per second due to the larger block size. This helps to reduce transaction costs while increasing transaction speeds. 

With the Bitcoin Cash halving now closer, some experts have projected massive rallies in the coming days. The Bitcoin Cash price has increased by 32% in the past 30 days and 10% in the past week. The coin price hit $699 a few days ago for the first time since 2021. While Bitcoin Cash's attempt at the $700 mark was unsuccessful, some analysts believe that a retest could happen after the halving. As such, BCH is one of the best cryptocurrencies to invest in now. 

Litecoin (LTC)

Litecoin (LTC) has witnessed two huge positive news stories in the past few days. The Commodity Futures Trading Commission (CFTC) recently declared Litecoin as a commodity thereby placing Litecoin outside of the jurisdiction of the Securities and Exchange Commission (SEC) which subjects coin issuers to stricter regulations when it comes to securities. While celebrating the news, Bitpay also named Litecoin as the most commonly used crypto for payment on the platform. 

This news triggered a rally for the token, with Litecoin's price hitting $100 for the first time since May 2023. So far, the Litecoin price has increased by 10% in the past month and 7% in the past week. Although the coin is battling the downtrend as a result of whales taking profits, some analysts are projecting massive rallies in the coming weeks. As one of the top cryptos that provide fast, secure and low-cost payments in the market, Litecoin's price could hit $150 before the end of the month, making it one of the best cryptos to buy now and HODL for future profits. 

Solana (SOL)

Solana (SOL) is one of the top crypto coins that is witnessing bullish momentum ahead of the Bitcoin halving. The Solana network has been witnessing a series of developments and partnerships in recent weeks. Also, tokens built on the Network have been witnessing massive adoption, thereby increasing the blockchain's popularity. 

Solana's blend of Proof of History and delegated Proof of Stakes offers faster transaction speeds than its rival Ethereum Blockchain. There is no doubt that Solana is one of the top cryptos to buy this year. Having hit the $200 mark in the past few days before witnessing a retracement, now is the best time to buy the dip. The Solana token has gained a massive 46% in the past month and a slight 3% in the past week. With the increasing Solana trading volume and market cap, the token price might hit $500 in the year. So, now is the best time to buy the top crypto coin before it is too late. 

Conclusion

There are over 10,000 cryptocurrencies in the market. However, finding profitable cryptos that will return profits in the short and long term could be difficult. Based on experts' analysis, the above cryptos are some of the top cryptocurrencies with bullish potential ahead of the bull run. While still less than a cent, KangaMoon stands out as one of the top cryptos to accumulate without breaking the bank. Also, being in presale makes now the right time to invest in it before the launch. Remember that these are not investment advice. It is important that you do research before investing. 

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