5 ‘Buy the Dip Crypto’ for May 2024

The best cryptocurrency buy-the-dip options for May include Dogecoin, Bitcoin, and a few other cryptocurrencies.

 

May officially began today, and the bullish year’s first five months are already complete. But the bullish trend was short-lived, as it reversed course in a matter of weeks. The cryptocurrency market has been steadily declining for some days now, impacting nearly all cryptocurrencies. The neutral zone has also been reached by the fear and greed index. And because there is no indication of a bullish run anytime soon, investors are searching for cryptos to buy on the dip in current chaos.

 

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Best Buy The Dip For May 2024

 

A huge decline since last month has left the global market capitalization at 2.13 trillion. In addition, the market’s overall trading volume has been declining since the end of March, although it has been rising as of late. The value has increased to $103.38 billion, with a 51% rise in trading volume in the last 24 hours.

 

For May, Bitcoin, Ethereum, Solana, Dogecoin, and Litecoin are the top buy-the-dip cryptocurrency options in this sluggish market. Let’s go over each of them separately.

 

 

 

1.Bitcoin (BTC) 

 

Following a 13% decline this week, the price of Bitcoin has fallen to a low of $57,111.61. The crypto king’s price has dropped to a level not seen in over two months, making it an ideal buy-the-dip candidate. Two and a half months ago, the token reached a new all-time high of $73,750.07 and is expected to reach $100,000 by the year’s end.

 

 

 

 

 

2.Ethereum (ETH)

 

After falling 12% in a week, Ethereum has also hit a two-and-a-half-month low of $2,863.74. Ethereum’s price has been falling steadily since March, when it failed to soar to the $4500 objective and lost over 19% of its value in April. The token’s goal, in light of the market rebound, is to quickly surpass $4000 before aiming for the ATH.

 

 

 

 

 

3.Dogecoin (DOGE)

 

Even though it’s the king of memes, Dogecoin missed out on last month’s boom as its price fell more than 40%. Dogecoin saw a 10% drop in just one day, and it is currently trading at $0.1243. At its current low, Dogecoin is a great “buy the dip” cryptocurrency that will likely see a rebound in value.

 

 

 

 

 

 

4.Litecoin (LTC)

 

Litecoin, an alternative cryptocurrency to Bitcoin that is both cheaper and faster, is May’s penultimate buy-the-dip cryptocurrency. Like Bitcoin, Litecoin has had a 26% decline in value in the past month, bringing its price down to $76.57. Even though the market is moving slowly, Litecoin is still a viable investment option due to its three-fold potential for price appreciation.

 

 

 

 

5. Solana (SOL)

 

The price of Solana has dropped 23% this week and 38% for the month, bringing it close to its three-month low of $120.76. Even with this small setback, the Solana network will be able to rebound quickly thanks to the rising demand for its services and the success of its meme currencies.

 

 

 

 

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Conclusion

 

Since the market is moving slowly, it is a great moment to buy popular cryptocurrencies because their value is low. Solana, Toncoin, Dogecoin, and MATIC are among of the other buy-the-dip cryptocurrency possibilities available, in addition to Ethereum and Bitcoin.

 

 

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How to Trade Crypto Futures on BTCC?

 

 

Now you can trade BTC on  BTCC. BTCC supports a diverse selection of cryptocurrencies for trading. This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and others. BTCC also offers products such as crypto, gold, and tokenized stocks to help investors rationally allocate their assets.

 

1. Register an Account

 

Join BTCC now and get up to 10,055 USDT when you deposit and trade. Click the button below to sign up now.

 

 

2. Deposit Funds

 

Once your account is set up, you’ll need to deposit funds into your BTCC account. BTCC may offer various deposit methods such as bank transfers, cryptocurrency deposits, or other payment options. Choose the method that works best for you and follow the instructions provided to deposit funds into your account. BTCC mainly offers USDT margin and future trading. Therefore, you need to buy USDT  before trading.

 

 

How to Buy Tether USDT Guide

 

 

 

 

3.How to trade BTC?

 

Here are the steps to trade BTC on BTCC

 

1) First, tap “Futures” on the website homepage

 

 

2) Select a product you would like to trade from the list here. BTCC currently offers daily and perpetual futures

 

 

 

3) Check time to settlement.  The settlement time of these futures type is different, you can check the time for settlement for each product here.

 

 

 

 

4) After choosing product, you can decide whther you would like to buy or sell it.  You only need to own USDT to trade USDT-margined futures.  That is to say you can sell BTCUSDT futures without owing any BTC Coin.

 

 

 

5) Then select your order type, and choose your leverage.

 

 

 

 

If you choose Limit or SL/TP order, you will need to enter your order price here.

 

 

 

Enter the quantity or choose the percentage under the quantity field.

 

 

 

 

You can also set up stop loss or take profit targets to limit losses or maximise earnings.

 

 

 

 

6)After everything is set up, Buy or  Sell to play your order. A confirmation window will show up,  check if all info is correct and click [Confirm] to open the position.