Seize the Dip: Top Crypto Buys for 2024
The Five Coins I'm Doubling Down on This Year
"The time to buy is when there's blood in the streets, even if the blood is your own."
This famous quote from Baron Rothschild emphasizes the belief that the best investment opportunities come during times of extreme market pessimism and turmoil.
If you follow crypto closely like myself, you probably have been disappointed with recent price action in the space. Earlier in the year, prior to the Halving, Bitcoin soared to all-time high above $70k, but now finds itself hovering in the $57k range. This draws largely from the current events surrounding Bitcoin which include:
Germany dumping vast amounts of $BTC (valued at nearly $3B) seized from criminal activity over the past weeks
Mt Gox beginning the customer repayment process of $BTC stolen in an illegal exchange hack in 2014
Increased sell pressure from $BTC miners after the latest Halving event in April
The same old story continues to be where Bitcoin goes, the general market follows and when the King of Cryptos suffers, the altcoin market bleeds. However, even with all the current FUD in the market, there are still reasons to be highly bullish about the remainder of 2024. These include:
The upcoming approval of Ethereum ETFs
Expected interest rate cuts from the Fed by September after today’s latest CPI report that showed cooling inflation
A liquidity injection into the market as FTX begins to return frozen funds from the bankruptcy proceedings of up to $16B back to former customers
A surge of pro-Crypto sentiment from Donald Trump who is widely expected to be the next US President and has been announced as a speaker at an upcoming Bitcoin Conference at the end of July
So while there have been choppy waters as of late, it appears there are blue skies and calmer waters ahead in the crypto landscape.
One thing to understand about investing is that no market just goes straight up or down. Even in good markets, there will always be dips and pullbacks. This is when savvy investors take the opportunity to scoop up more of a desired token at a discount. Right now, presents just such a chance. For instance, $TAO was hovering in the $700 range just a few months back and is now in the mid $200s? Has much changed in that time period with the project? No. Turn back the clock and people would have been thrilled to enter such an important project at these levels. So while seeing investments drop in value is often painful, zoom out, look at the bigger picture, and consider this a blessing to get new chances to solidify favored positions.
That being said, these are the coins I continue to grow my positions in during the current dip.
My Top 5 Projects
Wadzpay
Current MC: $15 Million
Coin Price: .034 Cents
Buy On: Uniswap/Bitrue
Website: https://wadzpay.com
Reasons to be Bullish: $WTK remains my highest conviction project. Though it has gone through some recent FUD with whales dumping and rumors of a key executive loss in the past few weeks, the facts remain the same. This project has secured a valuable VARA license, has signed a lucrative RWA contract to tokenize mining assets in Africa, and will be launching on TWO Tier 1 exchanges in July. After that, the rollout of the WPC chain should follow. At such a small market cap, these are the kinds of moves that can take the project to a multi-billion valuation very quickly. I still feel it can do an x1000 from these levels, but my floor is at least an x200. If I had to bet on a single project, this would be the one for the massive opportunity it presents.
TriasLab
Current MC: $55 Million
Coin Price: $5.57
Buy On: Uniswap/MexC/Kucoin
Website: https://trias.one
Reasons to be Bullish: The “Chinese Ethereum” continues to grind towards full momentum. The Mainnet is on target to launch before the end of July and that is when things will start to get fun. Look at some of the key partners already announced which include the Chinese Government who will be running their multi-trillion dollar supply chain through Ethereum and the Japanese Government who has tasked the team with helping to make the Digital Yuan a reality. Wadzpay might be my #1 project, but $TRIAS is essentially right alongside it as my 1A. These are my top 2 long-term convictions.
Bittensor
Current MC: $1.75 Billion
Coin Price: $248
Buy On: MexC/Kucoin
Website: https://bittensor.com/
Reasons to be Bullish: As mentioned with $TAO, nothing has significantly changed from a few months back other than the expansion of more subnets into the network. It remains the top decentralized crypto AI platform and appears to have limitless ability to keep growing. One anticipated change will be addressing the rewards that subnet validators receive to give more weight to the subnets that are being used more, and as a result combat token dumping. The coming months will continue to see the expansion from the current 32 subnets to an eventual 64.
Arbius
Current MC: $7 Million
Coin Price: $47.56
Buy On: Uniswap
Website: https://arbius.ai
Reasons to be Bullish: This one is a bit of a sleeper as a very low MC project right now, but Arbius has real potential. Admittedly it is the risk of this group, but as another decentralized AI play I think it has huge potential to run if the team can deliver on the roadmap they have outlined. A few things to be bullish about include the pausing of mining emissions, which in theory should relieve selling pressure. Also, a feature to collect valuable staking rewards should be active shortly. This is more of a speculative play for me, but the potential payoff makes it enticing.
Alkimi
Current MC: $20 Million
Coin Price: .103 Cents
Buy On: Uniswap/Kucoin/MexC
Website: https://alkimi.org
Reasons to be Bullish: Unlike many crypto projects, $ADS has demonstrated real utility and is generating substantial revenue through their decentralized ad exchange that has big name partners and continues to expand in size. The more transactions they perform results in more revenue and in turn leads to enhanced $ADS buybacks. When you have a great team, constantly building and working in such a transparent manner, it is easy to see this one is going to be a long-term winner.
What About the Rest?
Obviously in general, with the market down across the board, there are going to be many opportunities to score great deals. These remain my favorites, but continue to keep an eye on the charts to identify prime opportunities to pounce. Though I do not really play much in the Solana ecosystem, there are rumors that it may be the next ETF project backed by BlackRock which could make it an intriguing hold.
I will also reiterate that you should always perform your own due diligence and establish your own comfort levels with any crypto project before jumping in. Don’t do it because I, or any random influencer says to. Do it because you see the viability of the opportunity presented.
On another note, I would continue to avoid all Meme Coins. Yes, if you get in early you can make vast amounts of money quickly, but these projects offer zero utility and the likelihood is you will end up as exit liquidity of those who dump the coin at its zenith.
To our continued success in 2024! Good hunting!
We Want Your Feedback!
Which coins are on our radar? What subjects would you like to see us cover in future reports? All of your feedback and support is valuable, so please reach out if you have any questions or suggestions!
Let’s Connect!
Follow me on X for more Crypto insights and wealth building strategies! My best-selling book, No Limits is available on Amazon, as is my latest best seller, The Ultimate Prepper’s Survival Handbook.