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Undervalued Cryptos to Buy April 30 – Avalanche, Ethena, Ethereum

The cryptocurrency market is in a correction today. However, the underlying fundamentals are getting stronger. Adoption is on the rise, and more than ever, institutional money is getting into crypto. This means a significant rebound could be coming soon, and current prices make for a perfect time to buy into promising cryptocurrencies. 

With this in mind, which are the best cryptocurrencies to buy the dip? This is the question we seek to answer in this article to help investors capitalize on the coming bull market. 

Undervalued Cryptos to Buy April 30

In this section, we look at cryptocurrencies with high potential for a rebound. We analyze Bitcoin and Ethereum potential as institutional money drives demand through ETFs. We also look at Solana and Avalanche, two L1s with an impressive adoption rate, and Ethena, a platform that has gained popularity for its USDe stablecoin. 

Bitcoin (BTC)

Despite this month’s correction, Bitcoin (BTC) remains one of the best cryptocurrencies to buy now.  Going by Bitcoin’s fundamentals, this month’s price drop presents an opportunity to buy the dip and capitalize on potential gains as the price rebounds.

For context, zooming out on the monthly charts reveals that Bitcoin is undergoing a minor correction following a sustained rally that commenced in January 2023. This correction, viewed in the context of Bitcoin’s long-term upward trajectory, appears as a temporary setback rather than a trend reversal signal.

Moreover, the landscape for institutional investment in Bitcoin is evolving rapidly. Today, Hong Kong Bitcoin ETFs launch introduces a new avenue for institutional money to flow into the market. These ETFs boast impressive features, including the ability to redeem in physical BTC, enhancing their attractiveness to institutional investors seeking exposure to the cryptocurrency.

Additionally, the confirmation of Australian Bitcoin ETFs slated for launch later this year further bolsters Bitcoin’s prospects for continued gains. The impending influx of institutional capital from diverse global markets underscores growing mainstream acceptance and adoption of Bitcoin as a legitimate asset class.

Furthermore, recent adjustments to Bitcoin’s mining rewards, reducing them to 3.125 BTC, have significantly curtailed the supply relative to demand. This reduction in the issuance of new Bitcoins reinforces Bitcoin’s scarcity, potentially driving prices higher as demand rises. Despite short-term fluctuations, Bitcoin’s long-term fundamentals remain robust, making it an appealing investment opportunity. 

Avalanche (AVAX)

Avalanche (AVAX) is one of the best cryptocurrencies to invest in now. That’s despite facing downward pressure in today’s cryptocurrency market correction. Several factors position Avalanche as an attractive cryptocurrency with substantial growth potential.

One of them is the growing adoption of Avalanche in the payments space. A good example is the recent integration of Avalanche into Stripe. This integration streamlines the process for investors to enter and exit cryptocurrencies seamlessly, bypassing the need for cryptocurrency exchanges. Such accessibility is expected to fuel long-term demand for AVAX and potentially drive its price.

Additionally, Avalanche stands out as one of the most scalable and stable Layer-1 blockchains in the market today. Its robust infrastructure makes it an ideal platform for launching decentralized applications. This is particularly noteworthy because AVAX serves as the native token of the Avalanche blockchain. It means that as the demand for Avalanche DApps grows, so does the utility and value of AVAX.

Ethena (ENA)

Ethena (ENA) offers a unique use case as a synthetic dollar protocol. It provides a crypto-native solution for financial transactions, untethered from the constraints of traditional banking infrastructure.

One of Ethena’s notable achievements lies in developing the USDe stablecoin, which has seen remarkable growth recently. Notably, Ethena has expanded its reserves to include Bitcoin, further diversifying its asset base and solidifying its position as a robust and versatile financial platform. In an era where regulatory uncertainties loom over the cryptocurrency market, Ethena’s alternative approach to stablecoins could catalyze exponential growth, positioning it as a formidable player in the industry.

Ethena’s native token, ENA, stands to benefit from the platform’s growing prominence and utility. As Ethena continues to innovate and expand its offerings, the demand for ENA will surge, driving its price trajectory upward in the long term.

The recent move by Binance to launch Ethena perpetual futures further represents a significant milestone for the platform’s growth trajectory. This, coming after the recent launch of Ethena perpetual futures on Coinbase, not only enhances Ethena’s visibility but also broadens its investor base, potentially attracting a wave of new participants to the ecosystem. With increased liquidity and accessibility facilitated by the perpetual futures, ENA is poised for sustained growth and appreciation in value over time.

Solana (SOL)

Solana (SOL) emerges as a top contender for investors looking to capitalize on the dip, fueled by a surge in institutional demand. As institutional interest in altcoins grows, Solana has emerged as a significant beneficiary, garnering attention from notable institutional investors.

According to James Butterfill, Head of Research at CoinShares, institutions have expanded their altcoin holdings, with Solana emerging as a standout asset in their portfolios. Remarkably, up to 15% of these institutions now hold positions in Solana, indicating a significant vote of confidence in the blockchain network.

Butterfill highlights Solana’s appeal among institutional investors, citing its advanced technology and increasing presence in the market as key factors driving adoption. Solana’s reputation as a high-performance blockchain capable of handling high throughput and low latency transactions, positions it as a compelling option for institutions seeking innovative blockchain solutions.

Moreover, Solana’s prominence as the go-to network for launching meme coins further underscores its growing influence in the cryptocurrency ecosystem. With meme coins gaining traction and surging in demand, Solana’s role as the preferred platform for their launch could propel its value higher, especially when market sentiment turns bullish once again.

Ethereum (ETH)

Ethereum (ETH) wraps up the list of the most undervalued crypto to buy right now. this leading crypto makes it to the list because it is deflationary, and adoption continues to grow. This creates a scenario where the silver crypto demand will keep outstripping supply over time. 


Ethereum has got a boost from the launch of Ethereum ETFs today, which have opened the way for Asian institutional money to flow into Ether. Such demand will likely push Ethereum higher than its all-time highs of $4800 in the foreseeable future. Ethereum projections could get even bolder if its ETF is approved in the US later this year. Overall, based on Ethereum’s robust network and growing institutional demand, it stands out as an undervalued cryptocurrency to invest in now.