Financial markets have seen big outflows this week, and the crypto market has been no exception.
However, times like these are often when the best opportunities present themselves, and that certainly appears to be the case right now. This article provides the three best crypto to buy on the dip.
Story
In a world where AI continues to play a more central role, and we’re still learning how to properly manage it – a major problem exists. That problem is intellectual property (IP) rights.
IP rights give people exclusive profits from things they have created, but AI often infringes on these rights, drawing on resources from around the web and then passing them off as its own.
Story ($IP) is a new cryptocurrency that solves this problem through an IP-focused blockchain for AI developers.
The project has partnered with public figures, such as multiple K-pop bands, allowing people to purchase AI training and remixing licenses from them.
It’s a real-world application of blockchain in the AI industry, and the $IP token is exploding. It’s currently priced at $5.55, up 16% today and 168% this week. Given that it’s pumping while most other cryptos flatline, it appears that Story could be in for massive gains as the next leg of the bull run begins.
Best Wallet Token
Since ByBit was hacked last week, much attention has turned to non-custodial wallets and decentralized exchanges. Among exchanges, Hyperliquid is benefiting the most. Yesterday, it recorded an all-time high trading volume, which was 18% of Binance’s volume.
This shows that traders are beginning to take security and self-custody more seriously after the biggest crypto hack of all time on ByBit.
But alongside HyperLiquid, Best Wallet is seeing a huge uptick in adoption. The project is currently running a presale for Best Wallet Token, and it has just passed the $10.5 million total raised mark.
Best Wallet is a no kyc crypto exchange with innovative features, including a cross-chain decentralized exchange, a staking aggregator, a presale aggregator, derivatives trading, a crypto debit card, and more.
For perspective, Hyperliquid is worth $6.8 billion, and its main use case is derivatives trading. Best Wallet will have that plus a plethora of other use cases, and the $BEST presale has currently raised less than 0.5% of Hyperliquid’s market cap.
Ethereum
Ethereum tapped lows of $2.3K yesterday, but the day was saved when Ethereum’s founding company, Ethereum Foundation, announced a new president, Aya Miyagotchi.
Miyagotchi will lead the Ethereum Foundation after multiple qualms about leadership and mismanagement of the community treasury. It remains to be seen if Miyagotchi will fix these issues, but the market has reacted positively to the news, indicating that it was a good decision.
Ethereum has shown significantly more strength than Bitcoin today. While Bitcoin is down 3.6%, Ethereum is down 0.7%. Currently, it’s trading at $2.5K with a $300 billion market cap and a $36 billion 24-hour trading volume.
Looking ahead, another catalyst that could bolster the Ethereum price is staking ETFs. This will allow ETF issuers to stake their ETH and generate recurring revenue, making ETH even more attractive to Wall Street players and potentially driving a lot of buying pressure.
