US Government To Sell $130 Million In Bitcoin from Silk Road - Best Crypto To Buy Now During The Dip

The cryptocurrency market is reacting with uncertainty today after the US government announced plans to liquidate over $130 million in Bitcoin seized from the dark web marketplace Silk Road.

This sizable sell-off raises questions about how much impact this could have on Bitcoin’s price and the broader crypto market in the short term.

This article will discuss which cryptocurrencies may be worth buying on any dips over the next few days if we see increased selling pressure.

1. Bitcoin Minetrix (BTCMTX)

The first entry on our list of the best cryptos to buy during the dip is Bitcoin Minetrix (BTCMTX).

Bitcoin Minetrix is still in its presale phase, yet it has raised an incredible $9.4 million as it gears up for exchange listings later this year.

Early investors are eagerly anticipating these exchange listings, believing they could catalyze enormous price growth for the native BTCMTX token.

BTCMTX can be staked in Bitcoin Minetrix’s “Stake-to-Mine” feature to acquire cloud mining credits, which can be used to mine Bitcoin virtually.

As a result, the traditional barriers to entry for crypto mining are removed – making it more accessible to everyday investors.

With BTCMTX tokens currently on offer for just $0.013, Bitcoin Minetrix could be a project worth considering during any potential market dip.

---

Visit Bitcoin Minetrix Presale

---

2. Sponge V2 (SPONGEV2)

Sponge V2 (SPONGEV2) is a soon-to-be-released meme coin from the creators of the original Sponge (SPONGE) token.

This new iteration features a unique “Stake-to-Bridge” mechanism that allows SPONGE holders to lock up their tokens permanently in exchange for SPONGEV2.

Annual reward rates are currently sitting at 269% - and over $3.9 million worth of SPONGE has been staked since the protocol was announced.

Adding to the appeal of SPONGEV2 is the planned integration with a play-to-earn (P2E) racing game currently in development.

These elements have helped create massive buzz around SPONGEV2’s upcoming launch on Uniswap, which is scheduled for the coming weeks.

Given the incredible success of its predecessor, SPONGEV2 is another token that could be primed for growth in the near term.

---

Visit Sponge V2 Website

---

3. Meme Kombat (MK)

Like Sponge V2, Meme Kombat (MK) is a new meme coin that looks to offer real utility for holders.

The native MK token is used in Meme Kombat’s battle arena, where meme coin characters duke it out in AI-animated battles.

Users can place bets on these battles using MK for the chance to win sizable payouts.

Complementing this betting feature is a high-yield staking protocol for MK – meaning Meme Kombat offers two potential ways for investors to generate tokenized income.

The project is being developed by founder Matt Whiteman, who has years of experience in the blockchain and NFT spaces.

With Meme Kombat’s presale now in its final stage and over $7.4 million raised, MK is another token investors may wish to keep an eye on.

---

Visit Meme Kombat Presale

---

4. eTukTuk (TUK)

eTukTuk (TUK) is an eco-friendly cryptocurrency that offers a blockchain-based transportation system.

Their AI-integrated electric tuk-tuks provide sustainable transport solutions to those in developing countries.

The native TUK token aims to incentivize green transportation infrastructure like EV charging stations powered by crypto rewards.

As a brand-new project, eTukTuk’s unique real-world use case could make it an intriguing option for eco-conscious investors.

The development team is even building an eTukTuk-themed P2E game modeled after the famous Crazy Taxi franchise.

eTukTuk is still in its presale phase and has raised over $560,000 so far, with investors able to buy TUK tokens for just $0.026.

---

Visit eTukTuk Presale

---

5. Altlayer (ALT)

Next up is Altlayer (ALT), which provides easy-to-use infrastructure for launching customized rollups on multiple blockchains.

Rollups are a scaling solution that handles transactions off-chain while securing data on the underlying blockchain.

As such, Altlayer lets developers easily build their own rollups that inherit the security of widely used chains like Ethereum.

This allows dApps to scale while avoiding the high gas fees associated with congested mainnets.

ALT is the native token powering this “rollups-as-a-service protocol” and made its market debut on January 25.

The token is already up 19% from its launch price – hinting that it could be another of the best cryptos to buy on the dip.

6. Honk (HONK)

Honk (HONK) is a new meme coin on the Solana blockchain that pays tribute to the “Untitled Goose Game” meme.

The coin adapts the hilarious goose character into a meme token that aims to become the “Bonk killer.”

With clever marketing and a rapidly growing community, HONK has no taxes and burnt liquidity.

This has helped generate enormous buyer demand for HONK, with the token’s price up 791% in the past week alone.

HONK is now available on several leading CEXs like LBank and Poloniex, and with more likely to be in the pipeline, there could be further bullishness ahead for this Solana-based meme coin.

7. Celestia (TIA)

The final entry on our list of the best cryptos to buy now during the dip is Celestia (TIA).

Celestia is building a modular blockchain network that lets anyone launch customized blockchains or sidechains easily.

It focuses on hugely scalable data availability using a novel method called Data Availability Sampling (DAS).

In simple terms, this means Celestia can provide the data layer that lets developers build and create their own chains, rollups, or other modular blockchain applications.

Importantly, these custom chains inherit security from Celestia’s underlying network.

Thanks to Celestia’s value proposition, the native TIA token has been ranked on CoinMarketCap’s list of trending cryptocurrencies, positioning it as a potential option for investors if the market were to dip.

---