This week seems to be off to a strong start. Many coins are rising and the large-cap assets – which usually dictate the performance of the market – are trying to recoup some of their lost profits.
Given how quickly coin prices change, investors will be looking for top coins for 100x profits as they hope to protect their portfolios over the long term. We’ll take a look at some of these coins and the factors that can give them more momentum.
1. Lucky Block (BLLOCK)
At the top of our list of the best coins for 100x wins is LBLOCK. The asset is relatively new to the market, but its performance has attracted massive investor attention over the past two months.
LBLOCK powers Lucky Block – an online crypto lottery platform. Lucky Block uses blockchain technology and offers more transparency and fair transactions than most traditional platforms in the betting space. The Lucky Block project aims to make everyone a winner by allowing multiple draws instead of a low number of draws. In addition, holders of LBLOCK tokens can earn with the 10% levied on all jackpot winnings. Token sales also incur a 12% penalty, which is then redistributed to long-term holders.
After launching in January 2022, LBLOCK saw its value rise from its $0.00020 listing price to a high of $0.0096 in less than a month. The asset is currently trading at $0.0035, indicating investors can buy into the dip.
LBLOCK is also useful outside of the Lucky Block ecosystem. The developers of the game have launched a non-fungible token (NFT) collection called the Platinum Rollers Club. The public beta for the Lucky Block mobile app on Android also has: releasedmeaning the game will be accessible to more people – a huge boost to the LBLOCK prize.
2. Cardano (ADA)
ADA comes next on our list of the best coins for 100x winnings. The asset is the network token for the Cardano blockchain, one of the oldest and most popular crypto protocols on the market.
Despite its position in the blockchain space, the Cardano project has always had a huge flaw: a lack of support for smart contracts. But this changed in September 2021 when the blockchain developers launched the Alonzo hardfork. The hard fork brought smart contracts to Cardano; developers of decentralized applications (dApp) can now comfortably build on the platform.
The price of ADA stands at $0.974, up a healthy 6.17% in 24 hours. The jump of the digital asset appears to be driven by the positive movement of the crypto market and the increase in the influx of funds into the decentralized financial (DeFi) ecosystem.
According to data from DeFi Llama, total volume locked (TVL) in Cardano protocols has increased by as much as 10% in the last 24 hours. Minswap, an automated market maker-based decentralized exchange (DEX), has also become the largest Cardano-based DeFi protocol.
3. Ripple (XRP)
XRP is trading at $0.8354, a jump of 1.98% in the last 24 hours. The asset is currently showing several bullish trends, especially regarding the securities fraud case between the Securities and Exchange Commission (SEC) and its developer, Ripple Labs.
Last week, Southern New York District Court Judge Analisa Torres refused an SEC motion to dismiss Ripple’s defense — the SEC alleged that the agency failed to give it a fair warning about XRP’s legal status before the asset’s 2013 initial coin offering (ICO). While the case is far from over, Ripple CEO, Brad Garlinghouse, says, called the development represents a “huge profit” for the company.
Ripple seems to have a lot of momentum as the blockchain company continues to score one win after another.
Ripple’s mission is to attract more builders to its ecosystem. Last week, the company extended its XRPL Grants program, deciding to spend 1 billion XRP to developers building on its XRP Ledger. The developer grant is expected to be rolled out in phases over the next ten years. Ripple is committed to providing financial, business and technical support to interested builders.
As the DeFi ecosystem continues to grow, Ripple aims to position itself as a strong player in the industry.
4. Polygon (MATIC)
Polygon is arguably the largest Ethereum layer two-shell solution on the market. The platform helps developers avoid the scalability and transaction latency issues of Ethereum, while still using the network resources to power their dApps and projects.
MATIC is up 3.62% in the past 24 hours, reaching $1.52. As the blockchain seeks to transition to a more stable and scalable Ethereum 2.0, many have expressed doubts that Polygon will remain relevant. But the developers of the scaling solution are working on their contingency plan.
llast week, Polygon successful integrated the Simba Chain to help scale and develop new infrastructure for Web3 projects. The integration enables businesses to have a smoother transition to Web3, with better infrastructure and a cloud-based smart contract platform and enterprise-level security for all users.
5. Phantom (FTM)
To round out our list is FTM – the native token for the Fantom ecosystem. Trading at $1.3, FTM is up an impressive 2.41% in the past 24 hours. Fantom, a next-generation blockchain, focuses on enabling the development of DeFi protocols, dApps, and other business functions. The blockchain is built using the Direct Acyclic Graph (DAG) model, which allows for stacking transactions. This allows transactions to be processed in less than 2 seconds, at a fraction of the cost of several other top chains.
Last week, the Fantom Foundation announced various upgrades to the network that should bring different benefits to developers. These benefits include a reduction in the storage space occupied by testnet nodes and faster executions for smart contracts on the blockchain.
Fantom’s developers want to make the blockchain more suitable for builders across the board. With blockchains getting better and optimizing their capacity, analysts believe Fantom could soon become a market leader.