The crypto market recorded a sharp drop today, falling by over 7% in the past 24 hours. While Bitcoin dropped below $78,000 earlier, there are some digital assets that are worth buying during this current dip.
Top 5 Crypto Assets to Buy Now
1. Ethena (ENA)
Today, ENA is down by over 8%, trading at $0.39 with a market cap of $1.22 billion. This is a good opportunity to buy ENA for various reasons.
Supporting Transparency
Earlier today, Ethena Labs revealed efforts to boost transparency of the Ethena protocol’s backing assets beyond its current collateral and exchange breakdown offered on the dashboards.
In an official announcement, the team revealed its 11th attestation report from all integrated custodians, verifying the assets backing USDe reside off-exchange with institutional custodial solutions.
Attestation reports will reportedly be released on a monthly basis to provide regular updates regarding the amount and location of the assets that are backing the protocol.
This is an important move made by Ethena Labs, supporting transparency for users which comes following the biggest hack in crypto – Bybit’s recent $1.5 billion hack by the Lazarus Group.
On February 27, the team announced that despite the Bybit hack, the weekly distribution for sUSDe has been finalized at around 9% APY.
Mitigating Risks
Also, the team at Ethena shared important notes regarding risk mitigation and resilience, revealing that the project dedicates high attention to diversifying and minimizing external centralization risks.
2. Ondo Finance (ONDO)
Today, ONDO is trading above $0.91 with a market cap of $2.89 billion, down by over 7% today.
A remarkable announcement made by Ondo Finance recently was that Mastercard brings the project into the Multi Token Network (MTN) as the first RWA provider on the network.
Boosting Digital Services Adoption
The MTN enables banks to offer crypto services to integrated businesses, and Ondo’s Short Term US Treasuries Fund (OUSG) will be the first tokenized RWA solution that will offer businesses on-chain with access to daily yield and flexible cash management, supporting the digital financial services adoption.
The move comes right after Avalanche also announced a Visa card allowing real-world crypto payments, and also supporting global crypto adoption.
3. Ethereum (ETH)
Today, amidst the crypto sell-off, ETH is also down by about 10% and it’s trading at $2,100 levels. Before Bybit’s hack, ETH was trading above $2,800 and began a descendant trajectory following Trump tariff threats for the EU.
Also, between February 20 and 27, the US-based ETH ETFs recorded consecutive outflows with the most significant one being on February 26 at $94 million.
Improving Security
However, Ethereum’s team shared the audit results for the Pectra System Contracts today, revealing how the security of the Ethereum protocol is continually being improved, which could lead to increased interest in the project.
One recent effort is the external security review of the Pectra System Contracts.
Pectra is a proposed upgrade to the Ethereum blockchain aimed at:
- Improving scalability
- Boosting security
- Enhancing decentralization
The upgrade will use advanced cryptographic techniques and more efficient consensus mechanisms.
In the team’s official reports, it was revealed that the Pectra System Contracts encompass several EIPs, and reviews were mainly done for the following reasons:
- Evaluating the contracts for potential attack vectors
- Ensuring that the contract logic accurately implements the intended functionality according to the EIP specifications
The security of the Ethereum ecosystem is a collective effort and the team extended gratitude to all auditors and contributors playing an important role in the process.
Receiving External Counsel for Maintaining Core Values
Also, the Ethereum Foundation announced the Silviculture Society – a collection of individuals from outside the Foundation who provide counsel and help maintain the core values of the ecosystem:
- Open source
- Privacy
- Security
- Anti-censorship
4. NEIRO CTO (NEIRO)
NEIRO is also down by 6% today amidst the crypto bloodbath, and the coin has a market cap of close to $164 million.
Binance.US Listed NEIRO
NEIRO, the community variant of the token, has been in the spotlight a lot in the past leading Binance US to list the coin this month.
On February 14, Binance.US shared a post about the NEIRO project via X, revealing key facts about it:
- NEIRO is a memecoin with a community-driven first approach that launched on the Ethereum blockchain in August 2024.
- NEIRO has a total supply cap of over 420,6 billion tokens and features zero transaction fees.
- At the heart of the project is community governance, with the Neiro Foundation facilitating charitable efforts.
The fact that Binance US listed the coin, opens the doors to the American community to trade it.
Official Regulations for Memecoins
It’s also worth noting that the US is working on clearer crypto regulations and the US SEC has just stated that memecoins are not considered securities, while still highlighting the risks of more volatile projects.
5. Aave (AAVE)
AAVE is down by almost 12% today, and the coin is trading above $182, with a market cap of $2.74 billion. Interested traders could buy the AAVE dip considering the project’s latest important moves towards increased transparency.
Achievements and Future Plans
The team shared a post via X, referencing the Bybit hack which involved a security incident on Safe App. The post reveals some important points:
- Aave protocol is totally decentralized.
- It doesn’t involve the usage of multi-sigs for its operations.
- Multi-sigs are involved exclusively for protective measures in case of emergencies.
- During the past years, Aave stepped up important quality requirements for listed Assets.
- Aave will re-evaluate assets and networks, supporting them in having the best setup before listing.
- The team has been working to reduce dependencies on Safe’s off-chain infrastructure.
Also, on February 26, the team at Aave noted that GHO demand is up only and announced a 200 million total supply, a new ATH.
