Cathie Wood Snaps Up Coinbase Shares – Here Are 3 Other Top Ways To Buy the Dip

Ark Invest CEO Cathie Wood is buying the dip, purchasing $8.7 million worth of crypto exchange Coinbase (COIN) shares yesterday for the asset manager’s Next Generation Internet fund (ARKW).

The purchase came as Ark offloaded $8.6 million worth of its own spot Bitcoin ETF (exchange-traded fund) amid the recent crypto market rout. 

Coinbase shares fell 6.5% on Feb. 25 and have plummeted 18% in the past five days.

The last time the Cathie Wood-led Ark bought Coinbase stock was on Oct. 8, when it scooped up $2.2 million worth of COIN ahead of the US presidential election that was won by Donald Trump about a month later.

Cathie Wood Leads The Charge To Buy The Dip

Wood is not the only investor who is buying the dip. With the crypto market showing signs of stabilizing today, investors have pushed the overall crypto industry market capitalization up 2.2% in the past 24 hours to $2.94 trillion.

The top gainer among the biggest cryptos is Story (IP) with a 49% pump. Berachain (BERA) comes in second after surging 25% and in third place is Celestia (TIA) after it soared 18%.

Presale cryptos are also pumping. Investors often turn to them during turbulent times because they provide shelter from the storm before they are listed.

Here are three analyst favorites:

Solaxy (SOLX)

Solaxy is the first layer-2 scaling solution for the Solana network and it’s presale has already hit $23.6 million.

In recent months, an investor frenzy has erupted around SOL-meme coins. This has led to high levels of congestion on the Solana blockchain, which has also resulted in frequent transaction failures and inconvenient delays.

Solaxy, with its layer-2 sidechain, aims to address the congestion on Solana and all of the problems it has created for the popular network. 

Solaxy’s side chain achieves this through a scaling technology called rollups that will process SOL transactions off of the Solana layer-1 blockchain. It will then bundle the transactions and submit the batches of transactions to the Solana network for final validation.

This approach to transaction processing has proven to be a successful way to scale a network within the Ethereum ecosystem. 

The project will also scale Solana by bridging the blockchain with the Ethereum network. By combining the strengths of these two popular chains, Solaxy will create a new super Web3 infrastructure capable of meeting the growing demands of decentralized app and meme coin developers.

BTC Bull Token (BTCBULL) 

BTC Bull Token is the first Bitcoin-themed meme coin, and it aims to support the leading crypto on its journey to beyond $1 million per coin. 

Investors are rushing to buy BTCBULL because it will airdrop BTC to token holders when Bitcoin hits certain price milestones for the first time.

The next airdrops will happen when the largest crypto by market cap reaches $150K and $200K for the first time.

There will also be BTCBULL token burns that will increase the scarcity of the crypto. The next BTCBULL token burns will happen when BTC hits $125K, $175K and $225K for the first time.

So far, the project has raised more than $2.86 million through its presale. 

MIND Of Pepe (MIND)

Investors have already pumped more than $6.8 million into MIND of Pepe, a project that positions itself as the first AI derivative of the major Pepe meme coin brand.

It comes equipped with a sophisticated AI agent. The project’s intelligent computer model is able to plug into social platforms such as X, Discord and others.

Once connected, it tries to identify emerging trends that could lead to profitable trade opportunities by performing hive-mind analysis.

After spotting a new trend, the AI agent shares its insights with the MIND of Pepe community members through token-gated groups.

Beyond its ability to identify new trends in the crypto space, the AI agent can also create and deploy its own tokens autonomously.

After launching its own cryptos, the computer model gives MIND holders the chance at first buy-in before hyping the new tokens online. 

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