Bitcoin has retreated to below $63k again, while Ethereum could trade under $3k amid the latest dip for risk-on assets. However, as altcoins mirror these losses, investors are seeing new opportunities emerge.
Polygon (MATIC), Hedera (HBAR) and The Graph (GRT) could be some of the best cryptocurrencies to buy amid the declines. New token Bitbot (BITBOT) also stands out for its potential to dominate the crypto trading market.
Polygon (MATIC) down 25% this past week
Polygon (MATIC) is one of the top coins to decline heavily in recent weeks. After the MATIC price rose to near $1.30 in mid-March, it’s been downhill since as the altcoin slid to lows of $0.61. Recent news such as Polygon Labs’ development of an open-source prover, failed to prevent a dump below $1.00 and support at $0.88.
MATIC also reached its all-time high of $2.92 in December 2021, which means its current price is more than 75% down since. The altcoin is down more than 25% this past week.
Polygon is however still one of the most promising crypto projects, and recent peaks around $0.94 suggests there’s potential for a breakout to above $1.
Hedera (HBAR) flirts with key support level
Hedera (HBAR) price is down more than 26% in the past week. Currently, HBAR is flirting with support near $0.07 and could be down more than 50% since touching highs near $0.14 in early March if it drops further.
HBAR broke to its ATH of $0.5692 in September 2021, which means its 86% down since then.
But while downside pressure could persist amid the current geopolitical situation in the Middle East, there’s potential for Hedera to ride its strong fundamental traction to rebound higher. This means it could be one of the top altcoins to invest in, particularly given its current price of just $0.078.
Bitbot to launch pioneering non-custodial Telegram bot
Bitbot, a trailblazing Telegram trading bot, is all the buzz in the crypto market today. The project is looking to launch the first-ever non-custodial trading bot, and an excited crypto community in anticipation of its debut.
With Bitbot’s non-custodial trading, users remain in control of wallet’s private keys. In this case, the non-custodial wallet technology provides the security users want as they trade, which has taken on greater significance for Telegram bot users since the exploits that impacted Unibot and Banana Gun.
Bitbot also offers a trading interface that taps into artificial intelligence (AI) and the latest institutional-grade trading tools to level the playing field for retail traders. These include automated trading, copy trading, Gem Scanner and snipe the trade.
Bitbot shines as presale surpasses $2.4 million
Key to the project is its native token BITBOT. It offers holders a chance to receive a share of the platform revenue as well as other top perks that set it apart from competing tokens.
Currently, early backers can buy BITBOT in an official presale round that has reached stage 10.
BITBOT price at this stage is $0.0155 and will rise to $0.020 in stage 15, before the token lists on exchanges. So far, the presale has surpassed $2.4 million as investors eye the opportunity that Bitbot offers.
Learn more about Bitbot or join the presale here.
