Disclaimer: The following is paid partner content. DL News and DL Research have not conducted independent analysis into the content of this article.
After a tough week in which Bitcoin fell below $80,000, crypto prices have stabilized in the last few days, hinting a recovery in sight.
Dips are often seen as a buying opportunity that can present opportunities to buy cheaply before coins rebound.
As such, let’s take a look at four of the best cryptos to buy to take advantage of the current market.
Solaxy ($SOLX)
Building the world’s first Solana Layer-2 scaling solution, Solaxy ($SOLX) has gained immense support from crypto investors, securing $23.4 million in funding.
Layer-2 solutions are designed to work alongside Layer-1 blockchains like Bitcoin or Solana.
They handle transaction processing off-chain before relaying the data back to the primary network for validation and storage. These protocols are created to reduce the network loads on the Layer-1 blockchain in a bid to improve efficiency.
Solaxy aims to alleviate Solana’s recurring network outages and slowdowns, offering a more efficient infrastructure for traders and developers.
At the core of Solaxy’s ecosystem and operations is its native token, $SOLX.
The $SOLX token powers transaction fees, staking rewards, and liquidity pools within the network.
Investors who hold $SOLX can also participate in Solaxy’s staking program to help secure the network in exchange for extra tokens. Stakers who lock up their $SOLX can earn an estimated annual yield of 173%. This rate may fluctuate as more participants join.
Beyond staking, $SOLX will facilitate trades within liquidity pools and cover gas fees for transactions processed through Solaxy’s Layer-2 framework.
With its unique model and huge investor interest, Solaxy looks one of the most promising crypto investments this March.
BTC Bull Token ($BTCBULL)
Interest in Bitcoin Bull Token (BTCBULL) has remained relatively neutral despite raising over $3 million in the first weeks of its presale.
Designed with a long-term vision, $BTCBULL is built around the success of Bitcoin, the leading cryptocurrency and largest by market cap.
The project aims to reward token holders with actual Bitcoin when $BTC surpasses key price milestones, starting at $150,000
.
To enhance its value proposition, Bitcoin Bull Token incorporates an automatic burn mechanism. It reduces its supply whenever Bitcoin crosses $125,000, with burn thresholds increasing in $50,000 increments.
This feature could drive $BTCBULL’s price upward over time.
Beyond airdrops and token burns, $BTCBULL holders can also profit from its in-house staking mechanism, enabling investors to earn passive income.
With the token looking to grow alongside Bitcoin in the next bull run, $BTCBULL token looks to have a bright future.
Visit Bitcoin Bull Token Presale
Solana ($SOL)
Following February liquidations totaling $884 million, Solana ($SOL) has plunged to a four-month low, shedding over 50% of its value in the past 30 days.
The intense sell-off has affected Solana’s market cap. The market capitalization has experienced significant variations between $65 and $85 billion.
Market fears have been further exacerbated by the upcoming Solana token unlock in March, which will release 11.16 million $SOL into the market, valued at over $1.5 billion, as part of the FTX bankruptcy proceedings from 2022.
Token unlocks typically introduce additional selling pressure as increased supply enters the market.
This effect is already unfolding, with whales and exchanges dumping $SOL in large volumes.
On the technical outlook, Solana remains bearish after breaking below the $167-$169 support zone.
With buying pressure consistently low, $SOL could decline below $125. If selling pressure persists, a retest of the $100 level is possible.
Ripple ($XRP)
$XRP has not been spared from the market sell-off in February, recording $150 million in futures liquidations over the past 30 days.
The sharp downturn has led to a 35% decline in $XRP’s value over the past month, causing it to slip below the $2.2 support level, which bulls had defended for a while.
Analysts believe the bulls must hold the $1.95 support level to prevent further downside. A failure to defend this zone could escalate selling pressure, potentially sending $XRP back to August 2024 lows near $1.35.
Conversely, $XRP must reclaim the $2.5 resistance level for a sustained recovery to initiate an uptrend.
However, technical indicators suggest continued bearish momentum. The Relative Strength Index (RSI) on the monthly chart is trending downward, signaling that sellers remain in control.