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5 Best Cheap Cryptocurrency to Buy April 2022 Week 3

5 Best Cheap Cryptocurrency to Buy.
5 Best Cheap Cryptocurrency to Buy.

The cryptocurrency market is on the slide, following in the footsteps of global markets. Its total cap is down to $1.95 trillion, representing a drop of 4.5% in the past 24 hours. It’s also down by around 14% in a week, much like many major coins. However, falls usually provide the opportunity to buy assets on the cheap. It’s for this reason we’ve put together a list of the 5 best cheap cryptocurrency to buy right now. These coins provide good scope for short-term gains, with most of them also being good long-term prospects.

5 Best Cheap Cryptocurrency to Buy

1. Lucky Block (LBLOCK)

LBLOCK is down by 6.5% today, at $0.00255423. It’s also down by 21% in a week and by 38% in a month. On the other hand, it remains up by an impressive 480% since the end of January, when it launched.

Lucky Block (LBLOCK) price chart - 5 Best Cheap Cryptocurrency to Buy.

LBLOCK is the native token of the Lucky Block lottery platform. Running on Binance Smart Chain, the latter will hold regular draws, beginning later this month. Users can enter any draw by spending LBLOCK, giving them the chance to win 70% of its fund. Meanwhile, all holders of LBLOCK equally share 10% of each and every draw’s kitty.

This simple premise has resulted in Lucky Block attracting early attention and growth. LBLOCK has just recently reached the milestone of 50,000 holders, while in February it also boasted becoming the fastest ever cryptocurrency to reach a market cap of $1 billion.

While it hasn’t held its first draw yet, it has passed some important milestones as it approaches its inaugural lottery. Firstly, it has launched its Android app in beta, and is awaiting approval for its iOS equivalent.

On top of this, it has also recently launched a smaller side-lottery, giving purchasers of 10,000 NFTs the chance to win $1 million or a Lamborghini.

2. Waves (WAVES)

WAVES is one of a very small handful of coins to have risen in the past 24 hours. At $23.37, it’s up by 3% in the past day, but down by 32% in the past week and by 48% in a fortnight.

Waves (WAVES) price chart - 5 Best Cheap Cryptocurrency to Buy.

WAVES has suffered a decline since reaching an all-time high of $61.30 on March 31, and its indicators reflect this. Its relative strength index (in purple above) has been under 30 for much of this month, indicating that the market is overselling it. Likewise, its 30-day moving (in red) has dropped well below its 200-day average (in blue), suggesting a bottom.

Despite its recent dive, WAVES remains a promising alt coin. Its native platform, Waves, provides open‑source technologies to help developers build scalable and decentralised Web3 apps. It’s undergoing a series of important developments this year, providing one of the main reasons why WAVES had been rallying in late March.. Its biggest upcoming change is that it’s transitioning to Waves 2.0, which will introduce significant scalability enhancements. Waves DAO is also on the horizon, a decentralised autonomous organisation that will open its governance up to its community.

On top of this, Waves’ total value locked in has risen by more than 200% since the start of February to $2.4 billion. With Waves 2.0 approaching, this is likely to continue in the coming weeks. This is why WAVES is one of our 5 best cheap cryptocurrency to buy.

3. Ripple (XRP)

At $0.704692, XRP is down by 5% in the past 24 hours. It’s also down by 15% in the past week and by 10% in the last 30 days.

Ripple (XRP) price chart.

XRP’s technical indicators mean one thing: it’s going cheap right now. Its RSI shows that the market is overselling it, which in turns means that it’s cheaper than it’s really worth.

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In fact, XRP is much lower than its ‘real’ value. That’s largely because Ripple remains embroiled in a legal case with the US Securities and Exchange Commission. However, recent signals have been favourable to Ripple, suggesting that it may secure a favourable outcome.

While the case remains in its discovery period, there’s no doubt that XRP will rocket if Ripple prevails. There’s no telling how high it could reason, although in this respect, it’s interesting to note that it was one of the few coins not to break its 2017-18 high — of $3.40 — in last year’s bull market.

4. Cardano (ADA)

Much like XRP, ADA is an alt coin that has been primed to rise big for a while now. As of writing, it’s down by 6% in the past 24 hours, falling to $0.954116. This represents a 21% drop in the past week, but a 20% rise in the past month.

Cardano (ADA) price chart.

ADA’s indicators also show that it’s going pretty cheap right now. And sooner or later, it will rally strongly, given Cardano’s fundamentals. In particular, it’s witnessing substantial development right now, with its September launch of smart contracts  laying the groundwork for Cardano’s ecosystem to expand to 900 projects.

From standing at only $1 million at the start of January, Cardano’s total value locked in has now risen to $200 million. This is a rise of over 20,000%, with the launch of its DEX SundaeSwap in January largely responsible for this growth.

Input Output Hong Kong continues to develop Cardano’s capabilities, as well as announce new projects. It’s because it will reach a critical mass soon that ADA is one of our 5 best cheap cryptocurrency to buy right now.

5. NEAR Protocol (NEAR)

NEAR has risen by 1% in the past day, to $16.19. And while it’s down by 6% in the past week, it remains up by a healthy 55% in the past month.

NEAR Protocol (NEAR) price chart.

NEAR’s indicators point to an imminent rebound. Given that it still has good medium-term momentum, its slight recovery now could outlast bounces from the rest of the market.

NEAR has been rallying for a variety of fundamental reasons. For one, its native platform, NEAR Protocol (a layer-one blockchain), has witnessed strong growth this month, with a number of new partnerships and app launches.

Such growth has created confidence in the NEAR Protocol’s future. However, with Near Protocol’s total value locked in still at a modest $360 million, there’s plenty of potential for further growth. Not least when it’s not even two years old.

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