There has been only marginal relief after a huge market downturn over the past seven days, with Bitcoin remaining down 7% and Ethereum 7.5%. This is due to the mass liquidations that occurred last Friday and the continuation of the catalysts that triggered the event, as trade tensions between China and the US remain heated.
But while the market leaders struggle with sell-offs, there has been a surge of interest surrounding low cap coins and new presale cryptos. Two projects currently gaining notable traction are Bitcoin Hyper and Maxi Doge.
Since these projects are in presale, investors can purchase at fixed and discounted rates, which helps protect them from the volatility that most cryptocurrencies are currently experiencing.
Additionally, both projects are praised for their promising use cases, with Bitcoin Hyper building a Bitcoin Layer 2, and Maxi Doge offering a Dogecoin-themed meme coin with futures trading utility. So, the question is, are these the best cryptos to buy during the dip?
BTC and ETH Lead Market at an Inflection Point
The total cryptocurrency market capitalization dropped by about 24% on Friday due to a liquidation event triggered by Trump’s announcement of 100% trade tariffs on Chinese imports. It was believed to be the largest single-day liquidation in crypto history, with over $19 billion wiped out from futures positions.
The market showed some relief on Sunday and Monday after a social media post by Trump saying “Don’t worry about China,” hinting at a softer approach. However, new developments signal that this episode of the trade war isn’t over, as China threatened retaliation and stated it will “fight to the end,” and then both nations’ port fees took effect on Tuesday.
Both nations have also targeted each other’s food industries, with China saying it will stop buying US soybeans, and the US threatening to halt Chinese cooking oil purchases in retaliation.
Understandably, the market remains unsettled. Both Bitcoin and Ethereum have experienced slight declines over the past 24 hours, and the total cryptocurrency market cap is approaching a critical level. As the chart below indicates, this could be a key point to establish support if the market is to resume its bullish momentum, while a drop back to the lower support level could signal weakness among buyers.
But what’s interesting is that many traders are rotating funds into Bitcoin Hyper and Maxi Doge as uncertainty builds. Both of which have seen notable capital inflows over the past week. Let’s explore what they offer and why they could continue to perform well in the weeks ahead.
Bitcoin Hyper
Bitcoin Hyper is developing a Bitcoin Layer 2 blockchain to address the network’s speed and scalability issues, aiming to unlock new opportunities, including DeFi, high-frequency payments, and meme coins.
Bitcoin has experienced a decline in on-chain activity, with daily active addresses decreasing from a peak of 1.3 million in 2023 to 945,000 as of today. A new Layer 2 with smart contract capabilities and lightning-fast speeds could be just what it needs to rekindle user interest.
Another feature that sets Bitcoin Hyper apart is its use of ZK-rollups to cryptographically verify transactions, bundle them together, and then report them back to Bitcoin’s Layer 1. This ensures the same level of immutability and neutrality for Bitcoin Hyper transactions as users get directly from Bitcoin, which is something other L2s can’t guarantee.
The HYPER presale has already raised an impressive $23.6 million, clearly demonstrating that whales are betting big. This combination of whale support and a compelling use case seems only to be strengthening HYPER’s momentum right now.
Visit Bitcoin Hyper Presale
Maxi Doge
One of the biggest trends in recent weeks has been the rise of perpetual futures DEX tokens. From Aster exploding over 2,000% in a month, to Synthetix surging on October 12 while everything else was cascading, it appears that all eyes are on this sector right now.
And with that in mind, Maxi Doge is looking to capitalize. It’s creating a Dogecoin-themed meme coin focused on futures trading. The project plans to integrate MAXI into futures platforms and will also host weekly trading competitions with MAXI and USDT rewards up for grabs.
It was the announcement of a trading competition that fueled Synthetix’s most recent surge, which might also indicate huge demand for MAXI once its competition launches.
However, Maxi Doge’s Dogecoin appeal presents a unique and distinctive outlook, potentially helping it attract meme coin enthusiasts as well as futures traders. This is helping fuel presale momentum, with a whopping $3.6 million raised so far. However, given the success of other futures tokens, this might just be the very beginning of MAXI’s success.
Visit Maxi Doge Presale
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