Which Crypto to Buy on the Dip? These Altcoins Look Seriously Undervalued Right Now!

One good thing about market crashes is that some of your favorite altcoins are trading well below not only their local highs, but their fair price on the market.

Let’s have a look at some undervalued altcoins right now that could bring nice profits from these levels when the market recovers.

Ethereum: The DeFi Backbone

Ethereum is trading at around $1,500 right now. This price might be a good entry point for many investors. Ethereum runs most of the DeFi world. Over 52% of all money locked in DeFi lives on Ethereum. Popular platforms like Uniswap, Aave, and MakerDAO all run on it.

Ethereum now burns some of its transaction fees. This reduces the total supply over time. More network use means more ETH gets burned. This could make each coin more valuable as time goes on.

Ethereum has more developers than any other blockchain. These developers keep building new apps and features. This keeps Ethereum at the front of the crypto world.

Kaspa (KAS)

Kaspa now costs about $0.063 per coin. This is 70% below its highest price in 2024. Kaspa has a large and active community behind it. This community helps drive interest in the project.

Strong communities often lead to more people using the coin. Kaspa uses something called GHOSTDAG protocol. This lets blocks be created in parallel. It makes transactions faster and more secure than older blockchain designs. This tech could attract more users and developers to Kaspa.

Cardano (ADA)

Cardano has loyal supporters who help develop and promote it. Its price sits around $0.57 now. These supporters can help push demand for ADA tokens when the market turns bullish.

Cardano takes a scientific approach to blockchain. They’re working on Hydra, a layer-2 solution to make transactions faster. Better technology makes the platform more useful for developers and users. This could help ADA become more valuable over time.

Market Recovery Potential

Not only these 3 altcoins we mentioned in this article, but many others are currently undervalued after the market is going through one of the biggest downtrends in recent years. In fact, numbers are in line with the Covid 2020 crash.

Major altcoins such as ETH or ADA should lead the market recovery when the bull run returns. They could be good entry points right now, especially ETH if it drops in the $1,200-1,400 range.

Read also: Black Monday for Crypto: Bitcoin Crashes Below $75K as Fear Takes Over – What Just Happened?

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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