Best Coins to Buy on This Dip 11 October – USTC, TRX, IMPT, LUNC, TAMA
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Heading into October’s second week, the crypto market appears to be consolidating once more. Cryptocurrencies are currently bearish. Still, several coins provide opportunities for profitability. The digital assets reviewed in this guide would be interesting additions for investors in this dip.
USTC is the first asset on our list of the best coins to buy in this dip. The crypto asset used to be the primary stablecoin of the Terra ecosystem, although it depegged from the dollar earlier this year, and its value dipped significantly.
At press time, USTC trades at $0.0545. The digital asset pumped 36% in the past 24 hours, beating the broader market’s performance.
Investors are currently excited about USTC’s possible repeg. A proposal was sent to the community recently; developer Tobias Anderson claimed that USTC could repeg by reducing some of the debt accumulated during the crash in May. Although the community still has to vote on the proposal, excitement about a possible repeg appears to have fielded the current surge.
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TRX is the native token for Tron, a content-sharing and distribution protocol that has also grown into a full-fledged blockchain ecosystem.
At press time, the asset trades at $0.062, a downtrend of 4.40% in the past day.
Despite the drop, the TRON ecosystem has been growing, with more projects joining the platform and building on it. Increased adoption is usually a strong bullish sign, and crypto enthusiasts believe the coin will react positively.
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Next on our list is IMPT. The crypto asset, which is described by many as the
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