Breaking News

5 Best Cheap Cryptocurrency to Buy April 2022 Week 1

5 Best Cheap Cryptocurrency to Buy.

The cryptocurrency market continues to rise. At $2.24 trillion, the total cap is up 1.7% in the past 24 hours and about 15% in a week. Most major coins have mirrored these moves, with bitcoin (BTC) and ethereum (ETH) rising 15% and 17% in seven days. Despite falling since November, such major cryptocurrencies remain relatively expensive. That’s why we’ve put together a list of the 5 best cheap cryptocurrency to buy right now. This covers coins with prizes of $100 or less.

5 Best Cheap Cryptocurrencies to Buy

1. Lucky Block (BLLOCK)

LBLOCK is up 37% in the past 24 hours to $0.00326705. However, it has fallen 47% in the past month, but has risen by a significant 650% since its launch in late January.

LBLOCK is the original token of the Lucky Block lottery platform. It runs on Binance Smart Chain and aims to make lotteries fairer and more transparent. It aims to hold its first draw in April, after which the draws become regular.

Users can spend LBLOCK to enter Lucky Block draws. This gives them the chance to win 70% of the jackpot fund from each draw. That said, all LBLOCK holders get an equal 10% share of each fund whether or not they participate.

Lucky Block has just officially launched its app on the Google Play Store. The iOS app is expected in the coming weeks, with both opening the platform to millions of users.

Other signs of Lucky Block’s growth include the fact that it now has 47,000 holders of its LBLOCK tokens. This is despite the fact that it hasn’t even fully launched its lottery platform yet.

Lucky Block has also recently launched 10,000 of its own non-fungible tokens. These NFTs – which were delayed the previous week (causing price losses) – will give holders access to special NFT-based draws. The fund for each of these is about 2% of the main Lucky Block draw.

In addition, Lucky Block will also launch an Ethereum-based version of its token, something that should significantly increase its adoption. This is another reason why we expect LBLOCK to appreciate significantly in the near future, and why we have listed it as one of our 5 best cheap cryptocurrency to buy right now.

2. Cardano (ADA)

At $1.22, the ADA is up 3% in a day and 32% in a week. It is also up 51% in a fortnight.

ADA’s indicators show a steady – and increasingly strong – gain. The relative strength index (in purple above) has moved from 30 in early March to 60 today, after spending much of the past two weeks above 70. This shows that momentum is behind ADA as evidenced by the rising 30-day moving average (in red).

We expect ADA to be one of the fastest growing altcoins in the coming months, especially if recent market-wide gains are part of a new bull market. This is because Cardano has developed rapidly in recent months. The September launch of smart contracts was followed by Cardano’s ecosystem of more than 500 projects.

Parallel to this growth, Cardano is now recording a total value. From less than $1 million at the beginning of January, this figure has now risen to $317 million, an increase of more than 30,000%. The launch of its DEX SundaeSwap, near the end of January, is largely due to this growth.

And with Input Output Hong Kong develops Cardano . furtherand announce new projectsADA will only continue to grow.

3. Raceway (LRC)

LRC is today at $1.32, indicating a 16% increase in the past 24 hours. It is also up 63% in the past week and 90% in the past 14 days.

LRC is making up for lost ground. The price is still a long way (65%) down from the all-time high of $3.75 in November. Still, the indicators are showing renewed momentum. The RSI (on average) has been rising slowly since mid-February. Meanwhile, the 30-day moving average is clearly above the 200-day moving average (in blue).

As the original token of the layer-two-scale solution Loopring, LRC has benefited from the latter’s launch of the beta version of the highly anticipated GameStop NFT marketplace. The full version of the marketplace will be launched shortly afterwards, offering users the chance to purchase non-replaceable tokens representing digital goods and properties.

The good thing about this news for Loopring is that, in launching an NFT marketplace, GameStop chose to bypass layer one entirely. Instead of building directly on Ethereum, it has partnered with Loopring. This represents tremendous validation for Loopring and layer two in general.

It’s also worth pointing out that while Ethereum is moving towards proof-of-stake in the coming months, demand for low-two-scale platforms like Loopring will remain strong. This is because PoS alone will not substantially lower Ethereum costs or increase its transactions per second in the short term. As a result, we expect LRC to continue to rise, which is why it is one of our 5 best cheap cryptocurrency to buy.

4. Ripple (XRP)

At $0.875355, XRP is up 1.6% over the past day. This price also represents a 4.5% increase in the past week and a 16% increase in the past month.

XRP has been steadily rising since early February. This is largely because Ripple’s case with the SEC has taken a more promising turn in recent weeks. Most recently, Judge Torres recently denied the SEC’s motion to suspend Ripple’s fair notice defense. This allows Ripple to fully present its argument that the SEC never sufficiently warned it that XRP could be considered a security.

In short, the ruling makes it increasingly likely that Ripple will win its case. And even since the start of the legal process, crypto-specialized lawyers had always argued that the SEC’s case was weak.

Ripple is now pushing for summary judgment by mid-May. Assuming it secures this, XRP could skyrocket around this time.

5. Shiba Inu (SHIB)

SHIB is up 5% today to $0.00002780. It is also up 20% in the past week and up 26% in the past two weeks.

As a meme token, SHIB is always a risk. However, the market seems to be recovering and SHIB is too late for a rebound. The 30-day moving average has only recently overtaken the 200-day moving average, suggesting it needs to rise further.

More generally, SHIB is one to keep an eye on for its large and strong community of followers. The Reddit page now has about 468,000 subscribers, while his Twitter account also has 2.9 million followers†

It also continues to grow, with Shiba Inu announcing its own metaverse in February. Dubbed the Shibverse, the details remain vague at this point, but it involves the sale of virtual land and real estate. So expect the demand for SHIB to increase after launch.

Also in February, Shiba Inu launched his own DoggyDAO. This is a decentralized autonomous organization that will be responsible for deciding to which projects the money will be distributed on ShibaSwap, Shiba Inu’s own DEX. What this tells us about Shiba Inu is that, despite its reputation, it has good prospects for growth and development. That is why we suspect that SHIB will be able to organize a rally soon.

Capital at risk

Read more:

thenewsupdate

Leave a Reply

Your email address will not be published.

Powered by WordPress | Bootstrap Themes