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Cryptocurrencies dipped sharply as April started on a red note for the markets, with stocks falling amid a slip in risk appetite.

However, as Bitcoin and Ethereum look to hold key areas, a popular crypto analyst is optimistic about other altcoins, including Polkadot (DOT). Also in the limelight is Ethena (ENA) and Bitbot (BITBOT).

Here’s why these three altcoins are among those attracting a lot of interest from crypto investors.

Polkadot (DOT) traded at highs near $12 in mid-March, reaching the recent peak as Bitcoin marched to its all-time high above $73k.

Currently, the altcoin changes hands around $8.73. This is about 11% down in the past 30 days and 24-hour trading volume has shrunk to around $300 million.

Despite the declines seen in recent weeks, there’s optimism around Polkadot price. Popular crypto analyst Michael van de Poppe has identified DOT as one of the coins that could be a tremendous buying opportunity.

The analyst says most altcoins as “heavily undervalued in their BTC valuations” as Bitcoin dominance peaks. This outlook and with Polkadot 2.0 and new gaming push, DOT could be a key buy today.

DOT price reached a high of $54.98 in November 2021, which suggests a lot of upside room should alts begin to run.

Ethena (ENA), a decentralised finance (DeFi) protocol that recently announced a 750 million token airdrop to its community, has started trading on top exchanges.

The Ethena Labs project brings is live on Binance and other exchanges and is currently trading more than 41% higher. ENA price is at $0.8386, slightly down from its all-time high of $0.8896 reached on April 2, 2024.

As the community claims their tokens after participating in the shards campaign for the $1.38 billion yield-earning stablecoin USDe, its likely prices could dip as some traders take profits.

However, a new airdrop campaign for the synthetic dollar could aid a resurgence for ENA. Interest in the project may also benefit from overall bullish flip for altcoins.

Bitbot is getting massive traction as one of the top Telegram trading bots set to hit the market.

The interest has increased as early investors look to seize the opportunity this project presents. Largely it’s down to Bitbot’s potential to dominate the crypto trading landscape by delivering the first-ever non-custodial Telegram trading bot.

It means that other than just accessing institutional-grade trading tools, traders who tap into Bitbot will have one big advantage over those using alternative options: security.

The Bitbot team has released demos for the project’s non-custodial architecture, demonstrating how it works in two major product updates. Excitement is also high as this bot comes with anti-MEV and anti-rug pull features built-in to provide an additional layer of security.

Powering the Bitbot ecosystem is the native token BITBOT. The presale, which offers heavily discounted prices, has accelerated to stage 8 as total amount raised surpasses $1.88 million.

Bitbot’s launch, trading debut and overall market predictions suggest BITBOT could be poised for dominance.

Polkadot is likely to bounce higher as altcoins begin to outperform, while Ethena could benefit from trading and airdrop incentivization.

Meanwhile, BITBOT presale price is at $0.0141 and will jump to $0.0148 in the next stage. The presale value will increase throughout the remaining stages, potentially a big win for early birds that can lock in paper gains as price rises to $0.02 in the final stage 15.

Learn more about Bitbot here.

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