Bitcoin and most crypto tokens remain in a deep bear market after crashing by double digits from their all-time highs. BTC has crashed from the all-time high of $109,200 in January to the current $79,400. Other tokens like Ethereum, Solana, and Cardano have also plunged hard this year.
Still, history shows that periods of panic in the stock and crypto market is often the best time to buy the dip. For example, investors who bought stocks after the dot-com bubble benefited as equities jumped from early 2000 to 2008. Similarly, crypto investors who bought the dip at the onset of the COVID-19 pandemic benefited as these tokens surged.
Top crypto tokens to buy for big gains
Bitcoin and other cryptocurrency tokens will bounce back eventually. History shows that these asset often do better than the stock market when things are going on well. For example, Bitcoin price has jumped from near $1 in 2009 to $89,000 today. So, some of the top altcoins to buy and turn $500 to $5,000 by May are Shiba Inu (SHIB), Stellar (XLM), and Polkadot (DOT).
Shiba Inu (SHIB)
Shiba Inu is one of the top crypto tokens to buy for substantial gains in the coming months. It is one of the best meme coins in terms of fundamentals. For one, it executes substantial token burn each day, which makes it highly deflationary. Over time, the network has incinerated over 400 trillion SHIB tokena, a trend that will go on for years.
Shiba Inu has a growing ecosystem in Shibarium, a network that has handled over 1 billion transactions. Most importantly, SHIB has formed a double-top pattern at $0.00001080. This pattern is made up of two down-peaks and a neckline, which in this case, stands at $0.0000333.
A double-bottom pattern often results in a strong rebound over time. As such, a rebound to that neckline means that SHIB price will jump by almost 200% from the current level.
SHIB chart by TradingView
Read more: Shiba Inu, Cardano, BNB, LINK, DOGE prices crashed: buy, sell, or hold?
Stellar Lumens (XLM)
Stellar is another good quality crypto token to buy and turn $500 to $1000 by May. Its most important fundamental is that the amount of stablecoins in the ecosystem has jumped in the past few months and now sits at a record high.
XLM price also has strong technicals. It has remained above the 200-day moving average, where it has found substantial support. The token has also retested the crucial support level at $0.1947, the highest swing in July 2023. A break-and-retest pattern is one of the most popular bullish continuation signs in the market.
Most notably, Stellar price has formed a falling wedge pattern on the three-day chart. Therefore, with the wedge nearing its confluence, there is a likelihood that the token will surge, potentially to $0.50, up by 120% from the current level.
XLM price chart | Source: TradingView
Polkadot (DOT)
DOT is another top crypto token to buy and double your money soon. Technically, the Polkadot price has failed to move below the key support at $3.60 in the last two yeas, a sign that shport sellers are afraid of shorting the token at that level. It has formed a quadruple bottom pattern, a popular bullish reversal sign.
DOT price has formed a falling wedge pattern, another bullish sign. Therefore, the token will likely bounce back, and potentially rise to the key resistance point at $12, up by over 210% from the current level.
DOT price chart by TradingView
Read more: Polkadot price prediction: here’s why DOT may surge 500% soon
Other quality blue-chip crypto coins to buy
Fortunately, there are other top crypto coins to buy the dip in. In addition to Stellar, Polkadot, and Shiba Inu, some of the top coins to buy and accumulate are Fartcoin, Hedera Hashgraph, Sei, Pepe, Bonk, and Chainlink.
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