In this article, we’ll explore the factors behind the current market cooldown and highlight five cryptocurrencies that may be worth scooping up at a discount.

Geopolitical Tensions & Halving Jitters Prompt Crypto Downturn

The recent crypto downturn can be attributed to a couple of key factors that have spooked investors and prompted a risk-off sentiment.

Firstly, there are escalating geopolitical tensions after Iran retaliated against Israel with drone strikes. The development drove traders away from riskier assets like cryptocurrencies.

The attack has sparked a wave of de-leveraging. Nearly $250 million in crypto positions were liquidated in the past 24 hours alone.

Most of these liquidations were long traders getting caught off guard.

But it’s not just geopolitical jitters weighing on crypto prices.

With the Bitcoin halving less than two days away, some investors are taking profits and de-risking ahead of the event.

This “sell the news” mentality, combined with four consecutive days of outflows from spot Bitcoin ETFs, has led to further downward pressure across the entire crypto market.

Which are the best coins to buy on the dip?

While no one can predict with certainty which coins will rebound strongest, some investors are already looking for projects with long-term potential.

Here are five cryptos that traders believe could be worth acquiring during the current market cooldown:

1. Dogeverse (DOGEVERSE)

The first coin investors may wish to buy on the dip is Dogeverse (DOGEVERSE).

As its name implies, Dogeverse is a meme coin that pays homage to the OG meme coin, Dogecoin.

However, Dogeverse is more than just a copy.

It will feature a multi-chain architecture allowing holders to seamlessly move their crypto tokens across different networks, including Solana, Ethereum, Base, and more.

Not only that, but DOGEVERSE holders will also be able to stakk táknum sínum and earn yields as high as 159% per year.

Although it’s not yet available on the open market, early investors can buy DOGEVERSE through the ongoing presale for just $0.000297.

And with over $6.7 million in funding raised already, this could be a coin worth considering ahead of its open market debut soon.

2. Slothana (SLOTH)

Næst er það Slothana (SLOTH), another crypto meme coin gearing up to launch soon.

Like Dogeverse, Slothana has been a massive hit during its presale – raising over $10 million from early investors.

There are now just ten days remaining before SLOTH debuts on the open market, which many believe could trigger a price surge.

Over 20,000 people now follow Slothana’s Twitter page despite the token’s lack of a use case or roadmap.

However, this hasn’t stopped similar coins, like SLERF, from exploding after their first exchange listing.

So, with the hype around Solana-based meme coins showing no signs of going away, SLOTH could be another hidden gem to consider on the dip.

3. Mega Dice (DICE)

Mega Dice has just launched the presale phase for its new DICE token – and raised more than $340,000 in under two days.

For those unaware, Mega Dice is one of the fastest-growing crypto casinos in the world and now boasts over 1,000 active monthly players.

The casino also has over 4,000 games from top providers like Evolution and Pragmatic Play.

However, the developers are taking things to the next level with the launch of the DICE token, which will provide holders with daily rewards and early-bird bonuses.

There will even be a $2.25 million airdrop for casino players and DICE investors.

At the time of writing, DICE can be bought through the presale for just $0.069 – the lowest price that tokens will ever be available.

4.Bitcoin (BTC)

No discussion of the best crypto coins to buy on the dip would be complete without mentioning Bitcoin (BTC).

BTC has dropped to $61,450 at the time of writing, representing a 13% dip in the past week.

However, with the halving on the horizon, many believe now could be the ideal time to buy Bitcoin at a discounted rate.

This is because previous halvings have preceded significant rallies, such as in 2016 and 2020.

Although there’s no guarantee that history will repeat itself, many believe the upcoming supply squeeze could lead to another bull run for the original crypto.

5. Ondo (ONDO)

Rounding off our list is Ondo (ONDO), a DeFi protocol aiming to bring real-world assets (RWAs) into the mainstream.

Ondo allows for the creation of tokenized representations of “traditional” assets, like stocks and bonds.

These tokenized versions can then be traded, loaned, and borrowed easily.

ONDO is the native token that governs the Ondo platform and is mainly used to vote on governance proposals.

Since RWAs were one of the top-performing crypto narratives in Q1, investing in ONDO during the market dip could be a wise move.

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• Heimild: https://www.fintechnews.org/heres-why-crypto-prices-are-sliding-5-best-coins-to-buy-in-the-dip/