Top 3 altcoins to buy the dip in as the crypto crash accelerates

The crypto crash accelerated on Friday as Bitcoin and most altcoins plunged. Bitcoin price dropped below $105,000, while the 24-hour liquidations jumped by 257% to $1.16 billion.

Cryptocurrencies plunged as investors reacted to the ongoing crisis in the Middle East, which pushed crude oil prices higher. Higher oil prices mean that the Federal Reserve may decide to leave rates steady for longer as this will help to lower inflation. 

Top altcoins to buy the dip as the crypto crash continues

History shows that such big dips in the crypto market result in major swings. For example, most of them plunged in April following the “Liberation Day” speech and then bounced back. 

This article explores the top altcoins to buy the dip in as the crypto crash gains steam. Some of the most notable ones are Chainlink (LINK), Polkadot (DOT), and Hyperliquid (HYPE).

Chainlink (LINK)

Chainlink is one of the best altcoins to buy as the crypto crash intensifies. It is a major blockchain in some of the fastest-growing areas in the crypto industry like decentralized finance (DeFi) and Real-World Asset (RWA) tokenization.

Chainlink’s network has continued growing in the past few months. Just recently, it revealed that it was facilitating the secure exchange of a Hong Kong CBDC and an Australian dollar stablecoin as part of the e-HKD program. Other participants in the trial are Visa, ANZ Bank, and Fidelity. 

Further, Chainlink is working with JPMorgan and Ondo on a groundbreaking way to use Kinexys Digital Payments to allow institutions to buy Ondo’s tokenized treasuries. 

Chainlink Data Streams was also selected by HyperEVM, a DeFi network with over $480 million in assets. This integration will make it easier for the network enhance lending and borrowing. 

Chainlink price will likely continue rising in the long term as more companies embrace its technology in industries like DeFi and RWA. 

Read more: Chainlink price prediction: here’s why LINK may surge to $50 soon

Polkadot (DOT)

Polkadot is a top layer-1 network established by one of Ethereum’s co-founders. Its initial strategy was to let developers launch their parachains on the network. 

A parachain is a specialized blockchain that runs in parallel to the Polkadot Relay Chain. Developers can then build projects directly on these parachains. 

Polkadot is now implementing Polkadot 2.0, which changes and reimagines the initial goal. It has replaced parachain auctions, which were time-consuming and expensive, meaning that anyone can launch a dApp within days. 

The 2.0 upgrade is now in the final stage known as elastic scaling, which will boost its speeds and add more features. After this, it will implement the Join-Accumulate Machine (JAM) upgrade that will replace the Relay Chain with a better architecture. 

These moves are meant to make it a more efficient network, boosting the DOT token price over time. DOT has also formed a triple-bottom pattern on the weekly chart, pointing to more gains in the long term. 

Hyperliquid (HYPE)

Hyperliquid is another top altcoin to buy as it continues to grow its market share. Its layer-1 network has 36 applications and has accumulated almost $2 billion in total value locked (TVL). This means that it has passed Aptos, Sonic, Polygon, Hedera Hashgraph, and Cardano. 

Hyperliquid’s perpetual futures trading platform has also done well this year as it continues to dominate the industry. Data shows that Hyperliquid’s platform handled $250 billion in transactions in the last 30 days, much higher than other top players in the industry like Aster, Jupiter, and RabbitX Fusion. 

Other top crypto to buy and hold

Some of the top altcoins to buy and hold this year are Solana, Tron, Binance Coin (BNB), Artificial Superintelligence Alliance (FET), and Ethena (ENA).

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