Top Altcoins to Buy Now Amid the Crypto Market Dip

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The post Top Altcoins to Buy Now Amid the Crypto Market Dip appeared first on Coinpedia Fintech News

The crypto market took a slight hit after the Bybit hack, bringing the total value down to $3.14 trillion. Bitcoin is holding around $95K, while altcoins are struggling—Ethereum dropped to $2,715, XRP fell even more, and Solana took the biggest hit, losing over 6%. Despite this, trading is picking up, surging 13% in a day to $78 billion. Investors are staying cautious, with sentiment still neutral at 40 on the Fear & Greed Index.

While most cryptocurrencies are in the red, Altcoin Daily’s host has highlighted six altcoins worth buying during this dip.

Tokens to Buy Now

XRP’s RLUSD Backing

The first coin on the list is XRP, which is benefiting from the rising adoption of RLUSD, a stablecoin launched on the XRP Ledger (XRPL). RLUSD has reached a total supply of $120 million within two months and continues to grow. According to Ripple CTO david schwartz information david schwartz David Schwartz, known as JoelKatz, serves as the Chief Technology Officer at Ripple, which provides global financial institutions, businesses, governments, and developers the ability to manage, move, and tokenize value through blockchain technology. David is an expert in cryptography, software development, and computer security, especially for startups as well as rapidly growing and tiny companies, and is a native of San Francisco, California.David is among the original architects, including Arthur Britto and Jed McCaleb, who were inspired by Bitcoin to create the XRP Ledger, a decentralized open blockchain founded in 2013. Before joining Ripple, he was Chief Technical Officer at WebMaster Incorporated, a Santa Clara software developer. In addition, David has developed enterprise messaging systems and encrypted cloud storage for companies such as CNN and the National Security Agency. Details: Organization: Ripple and XRP Location: United States Education: Electrical Engineering from the University of Houston Skills: Network Security and Network Design Experience: CTO at Ripple from Jul 2018 - Present Chief Cryptographer from Jul 2018-Present Chief Technical Officer at WebMaster Incorporated from Jan 2001 - Jan 2011 Director of Software Development at WebMaster Incorporated from Jan 1998 - Jan 2001 Senior Network Engineer at Worldwide Internet Solutions from Jan 1996 - Jan 1998 Director of Network Services at Internet Gateway Connections from Jan 1995 - Jan 1996 Partner at Cardiophonics from Jan 1992 - Jan 1995 FAQ's 1. What are the current projects handled by David? David has been associated with RippleProjects from Nov 2011 - to the Present 2. Why is David Schwartz known as Joel Katz? "JoelKatz" is Schwartz's online persona within the cryptocurrency community. Developer/ProgrammerCrypto and Blockchain Expert XRP benefits from this as the XRPL decentralized exchanges (DEX) uses XRP as a bridge asset for auto-bridging transactions. This results in increased trading volume and adoption, building XRP’s use case.

ONDO – The Institutional Gateway to RWAs

Next is Ondo Finance, a project tokenizing real-world assets (RWAs) like stocks, bonds, and equities on the blockchain. The project is backed by Founders Fund, Coinbase, and Pantera Capital. Recently, Ondo Finance announced Ono Chain, its Layer 1 blockchain, specifically built for institutional-grade RWAs.

Ethereum (ETH) – Big Firms Are Stockpiling

Ethereum remains the backbone of DeFi and smart contracts, but what’s making waves now is the amount of ETH being scooped up by big players. Bybit, one of the top crypto exchanges, just bought nearly $100 million worth of ETH to cover a hack, showcasing its confidence in Ethereum’s long-term value. Even more surprising is Donald Trump’s Liberty Financial, which holds over half a billion dollars in ETH.

Solana (SOL) – Could be a Game Changer

Solana is another top pick, Bitwise Europe’s latest report predicts Solana could hit between $2,318 (bear case) and $6,600 (bull case) by 2030. The analyst notes that many investors are sleeping on Solana, but the network’s rapid adoption, developer activity, and institutional interest make it a top bet for the next cycle.

Bitcoin (BTC) + Cardano (ADA) DeFi Connection

Bitcoin remains a key pick, but the analyst highlights a growing Bitcoin-Cardano connection that could significantly impact Bitcoin DeFi. Cardano founder Charles Hoskinson information Charles Hoskinson Charles Hoskinson is a visionary entrepreneur and technology pioneer renowned as the CEO and Founder of IOG (Input Output Global). With a profound commitment to advancing blockchain technology and decentralized systems, he has played a pivotal role in shaping the cryptocurrency industry's landscape. Charles co-founded Ethereum, one of the most prominent blockchain platforms, and later established IOG, a blockchain research and development company. Details: Organization: Ethereum Location: United States Education: Master's degree and PhD program University of Colorado Boulder Experience: Founded first company at 18. Joined the Bitcoin Foundation and served as founding chairman of the educational committee. Co-founded Ethereum in 2014. Founded IOHK in 2017. Led the development of the Cardano blockchain platform. FAQ 1. What is the net worth of Charles Hoskins? Charles Hoskins's net worth is $600-700M. 2. What are Charles Hoskinson’s crypto ventures? During his decade-long crypto career, Hoskinson participated in several of the most prominent crypto projects in the industry. Chief Executive Officer explained on the Mr. M podcast how Babel Fees will allow users to pay transaction fees in wrapped Bitcoin (BTC) instead of ADA. This would make Bitcoin DeFi more seamless, as users wouldn’t need to interact with a secondary token, potentially unlocking a new era for BTC in DeFi.

Chainlink, BitTensor, VeChain & Supra: The Blue-Chip Altcoin Mix

Rounding out the picks, the analyst highlights Chainlink, BitTensor, VeChain, and Supra as top choices for those looking for low-cap assets with high conviction. Chainlink remains the leading oracle provider, crucial for smart contracts needing real-world data. Whereas BitTensor is considered a top-notch in AI-powered blockchain networks, on the top, VeChain continues to dominate supply chain solutions. However, Supra, a newer blockchain infrastructure project, has dropped nearly 15% during last month’s crash. Despite the market’s decline, SUPRA’s potential makes it a solid option for buying the dip.