The crypto market has endured another punishing sell-off, with prices across the board plummeting.
While the downturn has spooked investors, these periods of market turbulence often present opportunities to buy promising projects at a discount.
For those taking a long-term perspective, here are five coins worth buying as the crypto market retreats.
1. Dogeverse (DOGEVERSE)
Dogeverse (DOGEVERSE) could be an enticing prospect for dip buyers seeking to exploit the market downturn.
This multichain meme project has generated huge buzz by positioning itself as a “chain-traveling Doge” that can operate on different networks, such as Ethereum, Solana, and Base.
Despite having no built-in utility, Dogeverse has already received tremendous community support.
Its presale has now raised over $10.8 million from retail investors buying into the promise of “Cosmo the Doge.”
Once the presale ends, Dogeverse’s team has outlined plans to list the token on several DEXs, although specific names are being kept under wraps.
If these listings are successful and the team can effectively implement the multichain architecture, Dogeverse could be a potentially lucrative investment opportunity.
2. Hedera (HBAR)
Hedera (HBAR) is another intriguing prospect for investors after its token went on a 107% upswing on Tuesday and Wednesday.
While the rally was fueled by misinterpreted news around BlackRock tokenizing shares on Hedera’s network, it did shine a light on the project’s enterprise blockchain capabilities.
So, for investors seeking a quality pick during the market turmoil, HBAR could still be worth considering.
This is because Hedera’s governing council recently allocated over $400 million for further development, showing a commitment to growth after a lackluster 2023.
While HBAR is still 79% below its all-time high, Hedera’s focus on developing institutional blockchain tools could bear fruit as mainstream adoption ramps up.
3. Slothana (SLOTH)
Slothana (SLOTH) could be an exciting dip buy for those seeking to embrace the slower side of life.
This Solana-based project has captured investors’ attention by leaning into sloth culture and laidback vibes.
Despite having no use case, SLOTH’s presale has raised over $15 million after the team launched marketing campaigns on social media.
With a DEX listing set to occur in just three days, the hype around this joke token could be about to kick into high gear.
Of course, SLOTH is essentially a pure gamble, given that it’s detached from traditional fundamentals.
But in the meme coin space, sometimes having viral memes is all that matters when it comes to producing explosive upside.
4. Panda Swap (PANDA)
Panda Swap (PANDA) is also gaining traction as a potential dip buy for crypto investors.
Going live on MEXC yesterday, it is now trending on the DEXTools platform amidst a flurry of speculative activity.
For those unaware, Panda Swap is a new DEX on Solana that aims to leverage the network’s quick transaction throughput for fast token swaps.
It also features liquidity pools where users can earn rewards, as well as a launchpad for new Solana projects.
However, what’s really caught investors’ attention is that Panda Swap charges no transaction tax on PANDA trades and has a fixed supply.
For risk-tolerant investors bullish on Solana’s DeFi space, buying PANDA on the dip could be a good way to participate in the hype surrounding the Panda Swap DEX.
5. 5th Scape (5SCAPE)
The final entry on our list of the best coins to buy on the dip is 5th Scape (5SCAPE).
This project aims to create a virtual reality (VR) ecosystem with ultra-realistic games, premium hardware, and an interactive entertainment hub.
While still in its presale phase, 5th Scape has raised over $5.6 million from investors keen to get in early on this new virtual ecosystem.
The native 5SCAPE token is available for $0.00327 – although this price will jump by 14% in the next stage of the presale.
Investors worldwide have been clamoring to buy 5SCAPE because of the colossal potential of VR gaming in general.
And with there yet to be a clear “breakout star” in the VR crypto space, 5th Scape could have tremendous upside if the team can deliver on their vision for an immersive gaming ecosystem.
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