Buy the Dip Coin List – Metaverse Cryptos Bounce Hardest

By May 13, 2022The Sandbox
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Buy the Dip Coins

Decentraland (MANA), ApeCoin (APE), The Sandbox (SAND), Enjin (ENJ) and GALA – metaverse coins are today’s best gainers after the May 12th Bitcoin crash to $26,000.

All are available at crypto platform eToro.com – their exchange has a list of daily movers, top trending coins, the highest gainers and their percentage moves, similar to Coinmarketcap.

Buy the Dip Coins

For those wondering what is the best coin dip to buy, usually betting on strength is the best play – rather than trying to buy coins still in the red, lagging behind the rest of the crypto market.

These five coins bounced hardest – making them the best coins to buy in the dip today, after this week’s market crash – MANA, GALA, APE, SAND and ENJ.

Cryptoassets are a highly volatile unregulated investment product.

Best Coin to Buy in the Dip

The current market leader among metaverse coins is MANA, which powers the Decentraland metaverse.

At one point we also saw ApeCoin up 40%, about the same percentage gains. The exact figures fluctuate by the minute.

The metaverse and NFTs are a separate emerging asset class to the rest of cryptocurrency and are not going anywhere even if BTC is volatile and correcting in the short term.

Another strong mover not related to the metaverse is Fantom (FTM), also listed on eToro. That may have found a bottom after its correction.

BTFD Crypto Meaning

BTD is an acronym you might have guessed for ‘buy the dip’, and in the internet crypto scene BTFD means ‘buy the f***ing dip’.

Nothing goes down in a straight line, and every large crypto crash like this week in early May ends in a sea of green, as many of the best altcoins bounce by double digit percentages, giving a high ROI if you can buy near the bottom. Buy when there’s blood on the streets, as Baron Rothschild said.

How to Buy the Dip

Wait for confirmation first, i.e. some HTF (high-timeframe) candles to close green. You may miss the first 10% or so of the bounce and resulting pump but it’s also a simple low risk way to avoid what happened to some who tried to ‘catch a falling knife’ on Terra (LUNA) just because it was down 99%.

It continued to drop another 99%, then again, and again, due to a black swan event and hyper inflation of the circulating supply – what happened to LUNA was not a normal crypto crash.

MANA price bounces back above $1 – via eToro

The way the Terra crash dragged down the rest of the crypto markets was bound to result in the best coins bouncing back strongly, as panic sell offs in those crypto assets just because of LUNA, or Bitcoin retesting $26,000, or FUD over Tether (USDT), changed nothing about their intrinsic value – especially metaverse coins.

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