Today marks the start of May and the completion of the first five months of the bullish year. However, the bullish trend lasted barely a few weeks before turning the other way around. For days now,  the crypto market has continuously declined, affecting almost all cryptocurrencies. The fear and greed index has also shifted to the neutral zone. And in this chaos, the investors are hunting the buy the dip cryptos as there is no sign of a bullish run anytime soon.

Top Buy The Dip For May 2024

The Global market cap is currently at 2.13 trillion after facing a major drop from last month.  Along with that, the total trading volume of the market has been suffering since March end, but compared to recent days, the volume has increased.  In the last 24 hours, the trading volume has surged 51%,  pushing the value to $103.38 Billion.

In this slow market, the best buy the dip crypto options for May are Bitcoin, Ethereum, Solana, Dogecoin, and Litecoin. Let’s discuss them one by one.

1.Bitcoin (BTC)

Bitcoin price has dropped to a low of $57,111.61 after a 13% dip this week. The crypto king has now declined to a two and half month low, and that’s why, it is the perfect buy the dip crypto.  The token has created a new all-time high of $73,750.07 two and half months ago and will target $100K by the end of the year.

2.Ethereum (ETH)

Ethereum has also dropped to a two-and-a-half-month low of $2,863.74 after a 12% drop in a week. ETH’s price is continuously declining and has lost more than 19% of its value in April after failing to surge to the target of $4500. With the market recovery, the token will aim to rush past $4K before targeting the ATH.

3.Solana (SOL)

Solana price is approaching the three-month low and is currently trading at $120.76 after a 23% dip this week and 38% in the entire month. It is just a minor setback to the Solana network, and the recovery will be easier because of its increasing demand and the performance of Solana meme coins.

4.Dogecoin (DOGE)

Despite being the meme king, Dogecoin has been left out of the meme surge this previous month as the price dropped above 40%. At the time of writing, Dogecoin is trading at $0.1243 after witnessing a 10% fall in just a day. It is the lowest point Dogecoin has been in the last month, so it is at the perfect buy the dip crypto and can make profits once the market recovers.

5.Litecoin (LTC)

The last buy the dip crypto for May is Litecoin, the cheaper and faster version of Bitcoin. Following Bitcoin’s footsteps, Litecoin has also dropped to $76.57 after 26% in a month. Litecoin has the potential to surge three times its current value, which makes it a good option worth considering buying in this slow market.

Final Thoughts

With the slow market, it is the perfect time to invest in some of the most popular cryptocurrencies, as their value is low. Other than Bitcoin and Ethereum, there are options like Solana, Toncoin, Dogecoin, and MATIC for buy the dip cryptos.

Read More What is Sell in May and Go Away?

The post ‘Buy The Dip’ Cryptos Revealed for May 2024 appeared first on CoinGape.

---

Filed under: News - @ January 1, 1970 12:00 am