Bitcoin Drops Over 5% – Best Altcoins to Buy the Dip

With Bitcoin (BTC) and Ethereum (ETH) dropping by 5.34% and 16.45% over the week, respectively, the broader crypto market is experiencing a sharp decline. This is best reflected by the state of the crypto market cap, which was valued at $3.51 trillion on February 1st, and currently stands at $3.11 trillion.

The Fear and Greed Index also shows many investors are panic-selling as it currently stands at 39, signaling fear. However, as the market experiences a dip and the Fear and Greed Index decreases, investors are shifting to projects and tokens that could offer the greatest potential returns when the market rebounds.

Among established coins, Uniswap (UNI) and Solana (SOL) could significantly jump over the coming weeks, while projects yet to realize their potential may offer even better opportunities for massive growth, with Mind of Pepe (MIND) and Meme Index (MEMEX) turning heads.

Mind of Pepe (MIND)

Mind of Pepe is preparing to enter the meme coin market with a bang, as it is developing an AI agent that will autonomously post on social media platforms to attract an audience and promote the token.

Additionally, the AI agent will release its own tokens, but not before announcing them to MIND’s holders, giving the token utility.

MIND is just $52,000 short of surpassing the $5 million funds raised milestone just three weeks into the presale. Investors can currently purchase the token for $0.0032532 each, but its price will increase in just two days, or if it raises another $700,000 before then.

Meme coin expert ClayBro believes its unique position at the crossroads of the $67 billion meme coin and $5 billion AI agent markets will make MIND stand out and advises his followers to start accumulating the token while its price is low.

ClayBro has also highlighted its massive staking APY, which currently stands at 456%, allowing investors to more than 4x their token holdings long-term. Plus, he believes the token’s AI agent will provide useful insights into the market, visible only to Mind of Pepe holders.

Meme Index (MEMEX)

Meme Index reinvents meme coin investing with its upcoming meme coin indexes, which will pool low-to-high volatility tokens and allow investors to make gains based on their collective performance.

Holding MEMEX will also provide investors with governance rights, enabling them to vote on removing and adding tokens in all four “baskets.”

MEMEX currently costs $0.00158443 each, and investors can purchase it using BNB, ETH, USDT, or a traditional bank card. No minimum investment is required.

Marketing and security are often called the two pillars of a meme coin’s success, and with 20% of its total token supply allocated to boosting visibility, it’s no surprise MEMEX already has over 23,000 followers across its X (Twitter) and Telegram pages.

As the token approaches $3.5 million raised, crypto analyst Crypto Boy urges his audience to enter the presale, as he expects MEMEX to soar by 50x on launch.

He highlights the token’s position in the Best Wallet’s “Upcoming Token” section, Pepe-inspired memetic appeal, and upcoming decentralized investment platform as reasons why Meme Index could soar.

Shiba Bitcoin (SHIBTC)

Inspired by the Shiba Inu (SHIB) meme token that turned into a cultural phenomenon, ShibaBitcoin emerged as a project that transcends speculative value and focuses on utility.

Integrated with Binance Smart Chain, SHIBTC provides low-cost transactions in NFTs, gaming, and the metaverse, which helps it stand out in the meme coin market. Its blend of memetic appeal and utility appears to be a hit, as it is one of the few tokens that escaped the red trend plaguing the market, with a 20.09% soar over the past seven days.

As SHIBTC prepares to release its JadeNex app, which will facilitate local and cross-border instant crypto payments, the future looks bright for the token, with its technical indicators driving the bullish sentiment.

SHIBTC’s 50-day Simple Moving Average (SMA) of $5.78 has surpassed its 200-day SMA of $2.33, forming a Golden Cross. With its current price of $11.24 well above these, SHIBTC seems prepared for another breakout, which would help it go past the $1 billion market cap mark.

Act I: The AI Prophecy (ACT)

ACT is an ambitious project that seeks to push the boundaries of AI chatbots by bringing them together and allowing them to learn from each other, developing their algorithms and technologies further.

Powered by ACT, these AI systems would interact with humans and allow for more in-depth interactions with fewer boundaries than the existing systems developed by Open AI and Microsoft offer.

Although a far cry from its ATH of $0.942 that it recorded in November 2024, ACT is one of the few tokens that made gains this week. On January 28th, it was priced at $0.2101, and although the market-wide dip brought it to $0.1736 this morning, it’s now priced at $0.2307, representing a 9.79% surge over the week.

Crypto analyst Rananjay Singh believes the token is poised for further gains once the market stabilizes, advising his followers to add it to their portfolios during the dip, as ACT is down 25.95% compared to early January.

The bullish sentiment surrounding the coin helped it secure a listing on Kraken, and if it keeps its momentum, other Tier 1 exchanges may follow suit, potentially driving its price up.

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