Over the last month, the crypto market has lost more than $400 billion in market cap?. In times like this, newbies are advised to purchase the dip.

Of course, we all know that buying the dip presents a plethora of golden opportunities to profit from previously hot coins.

However, buying the dip, especially knowing which altcoins to buy, is not that simple.

The reason is that the majority of altcoins are shit coins and may continue to crash to their demise.

In this post, I’ve hand-picked the top 13 altcoins you should consider buying during this dip season.

Let’s dive in!

Post Summary

• Top 13 Altcoins To Buy Right Now In This Dip
• Where Can I Buy These Coins?
• Conclusion

Let’s dive in

Top 13 Altcoins To Buy Right Now In This Dip

These are my top picks!

Note that the information in this table is current as of June 3, 2021.

I’ve embedded a link for each of the coins listed.

You can get to the part where it is properly explained by clicking on it.

Have a wonderful read!

1. BNB

The BNB coin is the first on my list!

Changpeng Zhao introduced the BNB coin in 2017.

It is the native coin that powers the Binance Exchange.

BNB was first released as an ERC-20 token on the Ethereum blockchain.

When the Binance Chain was launched, the ERC-20 BNB tokens were exchanged for BEP-2 BNB tokens at a 1:1 ratio.

Afterwards, it also became the native token of Binance Smart Chain, when it launched.

This simply means that BNB is now available in three forms:

• BNB ERC-20 (Ethereum network).
• BNB BEP-2 (Binance Chain).
• BNB BEP-20 (Binance Smart Chain).

This coin has one of the highest rankings on Coinmarketcap. It also has a variety of use cases, such as;

• Paying for trade fees on the Binance ecosystem
• Charity donations on Binance and a lot more

Another important aspect of this coin is that it undergoes coin burn every quarter of the year.

Now, this helps to boost its value and price growth.

Read about the BNB coin here.

2. DOT

The DOT coin is the native token of Polkadot.

Polkadot is a blockchain network that Gavin Wood officially launched in 2020.

Its blockchain aims to facilitate blockchain interoperability.

Polkadot also enables developers to create and manage Dapps on its network.

Most significantly, it enables anyone to create a blockchain using its protocol.

DOT has the following use cases:

• governance
• pay transaction fees
• parachain slot acquisition
• parathread bidding
• staking for consensus

DOT has enormous potential and is regarded as a viable alternative to Ethereum.

Click here to find ➞ How Polkadot Does A Better Job Than Ethereum. 

3. SOL

Let’s take a look at SOL!

SOL is the native token used to interact with and transact on the Solana blockchain.

Anatoly Yakovenko established it in 2017.

Solana is a high-performance cryptocurrency blockchain that supports smart contracts and decentralized applications.

SOL allows hodlers to:

• Pay for transaction fees incurred when using the smart contracts on the Solana blockchain.
• Participate in the blockchain’s consensus mechanism to earn a reward.

The price of this token increased nearly 30 times in the first two quarters of 2021.

As you can see, this makes it an excellent investment.

4. RUNE

Now, let’s discuss RUNE!

RUNE is the protocol’s native token on THORChain.

THORChain is the first decentralized exchange that allows you to swap cross-chain assets in various liquidity pools.

It supports both cryptocurrencies as well as privacy coins.

It was founded in 2018 by a pseudonymous team of cryptocurrency developers.

Within the THORChain ecosystem, the RUNE token serves about 4 core functions, including:

• Security
• Liquidity
• Incentives
• Governance

The number of RUNE staked into THORChain’s protocol is a major determinant of the coin’s price.

5. UNI

UNI is Uniswap’s governance token.

Uniswap is a decentralized exchange built on the Ethereum blockchain.

Impressively, it is one of the highest-ranked DExs on Coinmarketcap.

Did you know that? Uniswap’s team gave away 400 UNIs (worth $1,200) as an airdrop in 2020.

They gave these UNIs to anyone who interacted with the platform before September (same year).

Fortunately, the price of UNI reached an all-time high of $43 on May 3, 2021.

I mean, you can only imagine the fortunes of these lucky participants.

However, as the crypto market crashed, so did the price of UNI, which is now $28.79 (3rd June 2021).

You and I are both aware of the golden opportunity that this has presented.

Read our Uniswap review here.

6. MATIC

Polygon is the “Ethereum Internet of Blockchains”.

It is a blockchain project that resolves Ethereum issues with slow block confirmations and high gas fees.

It achieves scalability through POS side chains and an adapted version of plasma.

Polygon was founded as Matic in 2017 by three experienced software developers.

While the network’s name has been changed to Polygon, the network’s token name remains MATIC.

The MATIC token is used to pay transaction fees and participate in proof-of-stake consensus.

When discussing the potential of this project, most cryptonites will frequently compare it to Polkadot and Cosmos.

7. ADA

ADA is the native coin of the Cardano blockchain.

It is a cryptocurrency that was released in 2017 after a two-year development period by its team.

ADA is a third-generation cryptocurrency that aims to address the issues that coins of the first and second generations encountered.

As such, it was designed to address issues of scalability, sustainability, and interoperability.

ADA has risen to the top of the cryptocurrency charts as it competes with other blockchains alternative for the best Ethereum alternative.

Read Cardano’s full review – Is Ouroborous Praos the Answer?

8. SNX

SNX is one of the DeFi gems you should be stacking right now!

The SNX coin powers the entire Synthetix ecosystem.

Synthetix, founded by Kain Warwick, is a decentralized finance network based on the Ethereum blockchain.

It is a protocol that enables its users to mint and trade synthetic assets.

To mint a synthetic asset on this protocol, users must lock the SNX coin collateral.

Synths determine the value of SNX because when users mint synths, new SNX tokens are generated.

The SNX token has proven to have good potential, as it rallied 100% around Dec. 2020.

Read our Synthetix review here.

9. BAKE

Let’s discuss the BAKE token!

The BEP-20 token, BAKE is the native/governance token of BakerySwap.

BakerySwap is an automated market maker that runs on the Binance Smart Chain.

Being the platform where you can, among other things, swap coins, stake and earn, buy/sell NFTS, and participate in gamification.

The BAKE coin has a great deal to offer.

Learn how to earn money on BakerySwap passively by clicking here.

10. ENJ

Already thinking of minting some NFTs? Here you have the ENJ token!

ENJ is the native token of the Enjin platform.

Enjin is a blockchain ecosystem that is based on the Ethereum blockchain.

It aims to provide all of the tools required by game developers to create their games and NFTs.

It also enables developers to create ERC-155 1155 tokens that can be traded on the Enjin market.

The ENJ coins are used to:

• Buy or pay for gaming items purchased on Enjin.
• Gives real-world value to games
• Incentives for players.

ENJ is valuable because more ENJ is removed from the ecosystem as more tokens are minted, making it scarce.

The coin, on the other hand, can be redeemed by burning the items created.

Impressively, over 44 million Enjin coins have been spent on game development.

11. MANA

MANA is the native token coin that powers the Decentraland ecosystem’s economy.

Decentraland is a decentralized 3D virtual reality platform based on the Ethereum blockchain.

It enables developers to buy, create, own, and monetize virtual territories with which users can interact.

With so much promise surrounding this platform, MANA’s price action has skyrocketed as of 2021.

Its price rose from around $0.7 to an all-time high of around $1.56 on May 6, 2021.

The price is currently around $0.8 as of June 3, 2021.

Not to mention, the GrayScale company has added MANA to their investments, which adds to MANA’s increase in price and adoption.

12. AAVE

The AAVE currency, originally known as LEND, is the Aave protocol’s native token.

Aave is an open-source DeFi protocol built on the ETH network for crypto lending and borrowing.

Stani Kulechov founded it in 2017.

The AAVE coin can be used for a variety of reasons, including:

• Governance
• Staked to earn rewards
• Used as collateral to obtain a fee reduction on the platform.

The price of AAVE has rallied over time since rebranding from LEND.

It has a limited supply of 16 million coins, which makes it even more limited than bitcoin.

AAVE is also deflationary, as a portion of the coin gets burned in each transaction.

Learn how to lend, borrow, and make money with Aave.

These are all the coins I for you!

But hold up, before I put an end to this section, I’d like to make the following disclaimer:

The information that you have seen in this post is not and should not be taken as financial advice.

It is, instead, well-written content that I have provided as a supplement to your own research.

Scroll down, you will find the exchanges where you can buy these coins.

Where Can I Buy These Coins?

You can buy these cryptocurrencies from these 3 reputable exchanges listed here.

1. Binance

Changpeng Zhao founded Binance in 2017.

It is the world’s largest cryptocurrency exchange by trade volume, with over 100 cryptocurrencies regularly trading on the site.

Every day, up to $1 billion USD in bitcoin is traded on Binance.

Visit SiteRead review

2. Huobi

Huobi is a cryptocurrency exchange that was created in 2013.

At the time of writing, it is ranked second on Coinmarketcap’s list of “Top Cryptocurrency Spot Exchanges.”

Furthermore, the exchange offers a variety of services and makes it quite simple to explore its platform.

Visit SiteRead review

3. Gate.io

Gate.io is an advanced crypto exchange that supports the trade of over 1000 crypto pairs.

It was founded by Lin Han in 2013 as Bter.com but rebranded to Gate.io in 2017.

Gate.io is one of the largest crypto exchanges in the world by trade volume.

Visit SiteRead review

Now, let’s move on to the final section of this article!

Conclusion

This section concludes today’s article. I hope you enjoyed your reading.

In this post, I’ve listed the coins on which I’m strongly bullish.

These coins have a lot of potentials, and their price action would come into play in the long term. In other words, they are for long-term HODL.

However, I’m afraid I can’t tell you anything about their price projection for the time being.

The reason is that: There is no cap on how well these coins can perform at any particular time.

That being stated, you can conduct both fundamental and technical analyses to determine how well these cryptos can perform in the future.

So, what are your thoughts?

Which of the coins on this list is your favourite?

Which one are you going to buy right now?

You can leave your thoughts in the comment box below.

Remember to share this post with your friends by hitting the social media icons provided below. Cheers!

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