You Asked When is the Time to Enter the Market? It's Now With These 3 Tokens

Buy the Dip: Promising Crypto Tokens to Invest In Now

Someone not living under a rock and actively keeping track of the crypto market is aware of what's going on. Although we are still very far from any carnage or bloodshed in the market, certainly there is no hope of a steep rally anytime soon. The ongoing developments and macroeconomic conditions are keeping the broader crypto market from rising which is sustaining above $2.4 Trillion with difficulty. 

Clearly Bitcoin (BTC) and Ethereum (ETH), trading at $66K and $3K respectively, are unable to give any traction to the market and so are the other altcoins. Every other cryptocurrency across the crypto market is either witnessing a gradual decline or stalking sideways. The greed and fear index is showcasing considerable fear in the market with the needle hovering around 30. These are the levels last seen during the peak of crypto winter 2023 when BTC hit the low of $16K.

Every major indicator shows that the market is going through a tough phase, so why are we showing optimism? The answer lies in following the good old strategy, ‘buy the dip.’ Crypto investment is not always about making insane profits and entering the market when it is continuously going up but also to take advantage of rainy days like these. 

Instead of eyeing short term gains by holding trendy tokens, one should focus on tokens with strong fundamentals and analyze their performance in the longer timeframe. There are enough options to choose from to slide potential tokens in your portfolio. Out of which, we have figured a handful of them are suitable for the majority of investors and should be bought hand over fist since these are trading at their lows. 

Rocket Pool (RPL)

Rocket Pool is a decentralized Ethereum 2.0 staking platform that allows users to earn rewards by staking their ETH without the need for complex infrastructure or large capital. It democratizes staking by enabling users to stake as little as 0.01 ETH, while node operators can join with as little as 16 ETH instead of the usual 32 ETH required by the Ethereum network. 

This flexibility makes Ethereum staking accessible to a broader audience, enhancing network decentralization and security. Rocket Pool's utility lies in simplifying the staking process, making it easier and more profitable for individual investors to participate in Ethereum's transition to a proof-of-stake consensus.

The native token, RPL, is used as collateral by node operators and can be staked to earn additional rewards. Currently, RPL is trading at lower prices, presenting an attractive "buy the dip" opportunity for investors. 

As Ethereum 2.0 gains traction and more users seek staking solutions, the demand for Rocket Pool's services—and consequently RPL—is expected to surge. This anticipated growth positions RPL for significant price appreciation in the coming months.

RPL token price struggled to keep pace with the broader crypto market in the past few weeks. Currently the token is trading at $16 following a 10% drop in the weekly time frame. SEC drew allegations against the protocol recently and it clearly saw the impact as the price started sliding. However, in the past couple of days RPL saw an upside and it is expected to continue the trend. 

Morpheus.Network (MNW)

The cryptocurrency market is growing mature and a grown up market prioritizes assets that provide real life value rather than assets that derive value from speculations and FOMO. A shift has seen in the market with many projects offering utilities where Morpehus.Network (MNW) is also making its name for its unique features. 

Morpheus.Network is a blockchain based supply chain management middleware solution. In addition, the platform enables users to run masternodes, which enhances network security and efficiency with minimal expertise and hardware costs, offering substantial annual returns. To operate a masternode on Morpheus.Network, participants must stake 900 MNW tokens, with a maximum of 10 nodes per user to ensure decentralization. Participants receive an 18% APY in return.

Running masternodes on blockchain networks is gaining traction as a secure and efficient method to protect these systems. Morpheus.Network (MNW) is renowned for its supply chain management solutions.

Morpheus.Network addresses key supply chain issues like logistical bottlenecks and counterfeit products. The platform is not only gaining traction but also leading the industry, endorsed by major clients like Coca-Cola and Sobeys, and selected by the governments of Brazil and Argentina to enhance their agricultural supply chains.

It is also supported by prestigious tech incubators like Google Accelerator Canada and Microsoft’s Startup Founder Hub. The team includes a UN supply chain expert, highlighting its dedication to superior supply chain solutions. Its successful integration with SAP further underscores this commitment.

Despite some price volatility, the robust foundation and global reach of Morpheus.Network make the MNW token a valuable addition to crypto investment portfolios. Currently trading at a lower price, MNW is positioned for substantial growth as the demand for efficient and transparent supply chain solutions continues to rise.

MNW token price has suffered decline in the wake of correction in the broader crypto market. However, it saw an uptick today and rose nearly 5% in a day. It is trading at $0.55 after a 13% decrease. 

Axelar (AXL)

Axelar is a decentralized interoperability network that facilitates secure cross-chain communication between different blockchain ecosystems. By enabling seamless interaction between various blockchains, Axelar provides the infrastructure needed for a truly interconnected web3 environment. This interoperability is crucial for the growth of decentralized applications (dApps) that require access to multiple blockchain networks to operate efficiently and provide enhanced functionalities.

Axelar's native token, AXL, plays a key role in the network by incentivizing validators, securing the network, and facilitating transaction fees. Despite its current lower trading price, AXL presents a strong investment opportunity as cross-chain interoperability becomes increasingly vital. With the continuous expansion of blockchain ecosystems and the rising need for seamless inter-chain communication, Axelar's relevance and utility are poised to grow. This growth potential suggests that AXL could experience significant price increases, making it an opportune moment for investors to buy the dip.

Investing in utility tokens with solid fundamentals and real-world applications can be highly rewarding. RPL, MNW and AXL are three such tokens currently trading at dips but poised for significant price increases. 

As the market matures and shifts focus from speculative investments to utility-driven projects, these tokens present a compelling entry opportunity for investors looking to capitalize on the next wave of growth in the cryptocurrency space. Don't miss the chance to invest in these promising tokens before their prices skyrocket.

AXL token also followed the market downturn but was quick to respond to the call of trend reversal. Even after a bumpy ride in between, the token has maintained a 12% increase in the monthly time frame. AXL is trading at $0.65 after a slight 2% drop today.