3 reasons to buy this dip

May 02, 2024

∙ Paid

Hey Investor 👋🏻

I’m Luca and welcome to a new edition of Altcoin Investing Picks.

Every Thursday, I send exclusive tips & opportunities to help you make (more) money with altcoins.

Today I will share 3 reasons why you should buy this dip and one micro altcoin investment I did this week.

Let’s dive in!

Altcoin prices have dropped in the 30 days:

And if you’re new to crypto, these drops can be intimidating.

But you should know that these pullbacks are completely normal in this extremely volatile market.

Indeed, with knowledge and a well-thought strategy, they can turn into juicy opportunities.

With this post, I don't want to tell you to buy during this dip, but I will explain 3 reasons why I am doing so.

A lot is going on in the world right now. Lots of uncertainty.

And nobody has flawless knowledge.

These lead to a negative chain reaction from big whales and institutional investors which are withdrawing huge amounts of money (Spot bitcoin ETFs saw $344 million net withdrawals in April).

But the good news is that small investors like you and me can benefit from all this macro uncertainty if we are willing to bear the volatility.

We’re in the altseason when 75% of altcoins outperform Bitcoin over at least 90 days.

And in the last 90 days, only 37% of altcoins outperformed Bitcoin.

According to the altseason thesis and post-halving cycle, this should be a great period to buy altcoins.

Historically, VC funding reaches ATH near the top of every market cycle.

According to this data, we are still far from the end of a bull market.

In the last issue, I shared a few trends and insights on the recent crypto VC’s activity.

Check it out here.

BONUS: Pick of The Week

Every Saturday, I share Micro Altcoins with 10x+ potential.

In this issue, I share with you an extra pick in which I have personally invested.

This next pick:

Now let’s tell you which project we are talking about and share the full investment case with you: