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The cryptocurrency market has enjoyed some significant rises in the past day. Its total cap has just breached the $2 trillion level, up by nearly 3% in the last 24 hours. Bitcoin (BTC) is at the forefront of this increase, rising by the same percentage over the same timeframe, while other major coins are also having a good day. However, smaller altcoins are responsible for much of the strongest action, which isn’t surprising when many had fallen harder. This article compiles some of these into a list of the 5 best cheap cryptocurrency to buy right now. Not only are these altcoins relatively cheap, but they arguably have more potential upside.
5 Best Cheap Cryptocurrency to Buy
1. Lucky Block (LBLOCK)
At $0.00348633, LBLOCK is down by 6% in the past 24 hours. It’s also down by 54% in the past month, but up by just over 700% since launching at the end of January.
Based on Binance Smart Chain, LBLOCK is the native token of the Lucky Block lottery platform. It enables holders to enter each Lucky Block lottery draw, which are due to begin from April. However, even without formally entering a draw, all holders of the new altcoin receive an equal share of 10% of each draw’s fund. Meanwhile, entrants have the chance to win 70% of each fund.
LBLOCK has lost some steam since launching at the end of January. That said, a few important releases are approaching or have already arrived, and together they promise to push the coin’s price back up.
Most notably, it launched 10,000 of its own non-fungible tokens over the weekend. These NFTs will grant holders entry to special NFT-based draws, with the fund for each of these being around 2% of the main Lucky Block draw. The first also offers holders the opportunity to win a Lamborghini.
Today is the day! 🤞
Platinum Rollers Club #NFT drop! 🎉
In just 5 hours we’re starting the #NFT minting party live on our Telegram
Join now and be ready – https://t.co/4MigxHlmDP
Don’t miss your chance to win a #lambo and to get a life-time entry to the NFT #lottery! 🚀 pic.twitter.com/5KKf4nHK7K
— Lucky Block Casino (@luckyblockcoin) March 19, 2022
And aside from its first main draw in April, the Lucky Block platform is also in the process of rolling out its official app. And it will also be launching an Ethereum-based version of its token, thereby opening itself up to more investment and adoption. This is why it’s one of our 5 best cheap cryptocurrency to buy right now.
🚨Lucky Block V2 #ETH Token and Bridge to V1 Explained 🚨
Please read to learn more about the upcoming $LBLOCK ERC20 ⬇️
— Lucky Block Casino (@luckyblockcoin) March 14, 2022
2. Ripple (XRP)
XRP is up by 4% in the past 24 hours, reaching $0.844694. It’s also up by 9% in the past week and by 16% in the last 14 days.
XRP’s technicals are very healthy at the moment. Its relative strength index (in purple above) is up to 70, and has been enjoying a long-term upwards trend since the beginning of March. Meanwhile, its 30-day average (in red) is rising clearly above its 200-day average (in blue). This indicates the setting of new longer term levels.
XRP is now rising because of positive developments in Ripple’s ongoing case with the SEC. For instance, Judge Torres recently refused the SEC’s motion to strike Ripple’s fair notice defense. This allows Ripple to fully present its argument that the SEC never provided it with sufficient warning that XRP might be deemed a security.
BOOM! (And I don't use that term lightly)
The SEC's Motion to Strike the Fair Notice Defense is DENIED.
This is the one I've been waiting for.
NOW the SEC has something to lose. https://t.co/LcRpWysixn
— Jeremy Hogan (@attorneyjeremy1) March 11, 2022
Basically, the ruling makes it increasingly likely that Ripple will win its case. And even since the case’s beginning, crypto-focused lawyers had always contended that the SEC’s claims were weak.
In the @SEC 🆚 @Ripple case, the SEC does not seek a preliminary injunction to stop current sales of #XRP by Ripple.
Why?
Because it can’t make a “substantial” showing of a likelihood of success as to a “current” violation.
The mere filing of the Complaint was the weapon!
— John E Deaton (@JohnEDeaton1) April 2, 2021
Of course, it’s still not certain when exactly the case might end. But Ripple, for its part, is pushing for a summary judgment by the middle of May. Assuming it secures this, XRP could jump bigly as a result around that time.
The SEC is requesting an extension (of course), but look at Footnote #2. 👀👀👀
Ripple is suggesting that initial Summary Judgment briefs be filed by May. The SEC is of course saying that's too soon.
BUT, the end game is in sight. https://t.co/m9egKoJcyC pic.twitter.com/IB8dK9NzuD
— Jeremy Hogan (@attorneyjeremy1) March 21, 2022
3. Ethereum Classic (ETC)
ETC is $43.31 right now, representing a rise of 12%. This also represents a rise of 67% in the past week, and of 50% in the last 30 days.
ETC’s indicators reveal a very pronounced spike. Its RSI has gone through the roof, and so has its 30-day average. Clearly, it has broken out to a new level, and there’s telling where it might stop.
And why is ETC performing so strongly at the moment? Well, with Ethereum (ETH) moving closer to its transition to a proof-of-stake consensus mechanism, the general opinion within the community is that miners are beginning their own transition to Ethereum Classic.
https://twitter.com/EtcSage/status/1505581863737376770
Whether users will follow miners is another question entirely. But with ETC’s price now rising, there’s a good chance they will. And this, in turn, means more price rises in the near future. This is why ETC is one of our 5 best cheap cryptocurrency to buy right now.
4. Cardano (ADA)
At $0.942986, ADA is up by 5% in the past day. It’s also up by 17% in the past week, but down by 5% in the last 30 days.
ADA’s indicators are also looking very good. Its RSI is showing a strong upwards trend, which began at the beginning of this month. Its 30-day moving is also rising nicely above its 200-day average.
ADA is enjoying above-average rises right now because Cardano has been developing rapidly over the past few months. The launch of smart contracts in September has been followed by Cardano’s ecosystem accumulating over 500 projects.
🔥517+ projects are now building on #Cardano as the #ADA ecosystem continues to grow#BuildingOnCardano#NFT 34.7%#DeFi 2.9%#NFTMarketplace 4.7%#Metaverse #DEX 6.2%#Gaming 4.7%#Wallets 4.7%#GoingForNumber1 pic.twitter.com/aflU3V5lSn
— Dr. Shweta 🦅 (@Dr_shwetaPHD) March 14, 2022
In parallel with this growth, Cardano actually recorded a total value locked in for the first time ever at the beginning of this year. From under $1 million at the start of January, this figure has now risen to $302 million. The launch of its DEX SundaeSwap, towards the end of January, is largely to thank for this growth.
And with Input Output Hong Kong continuing to develop the network, Cardano will continue growing from strength to strength. We expect ADA to grow with it.
5. Polkadot (DOT)
Much like ADA, DOT is another altcoin that the market had neglected for too long. It’s currently $19.90, representing a 4.5% rise in the past 24 hours. It’s also up by 12.5% in the past week, as well as by 21% in the last 14 days.
DOT’s RSI has just touched 70, indicating some strong momentum. Its 30-day average also recently overtook its 200-day, signalling a potential move to a new level.
Polkadot’s fundamentals have also pointed towards a likely breakout for quite a while now. The layer-one blockchain began its long-awaited parachain auctions back in November, and has just celebrated the end of the 12th such auction. These will determine which platforms join the main Polkadot chain, helping the latter to build out its ecosystem.
Congratulations to @EquilibriumDeFi on winning Polkadot's 12th auction!
Equilibrium was immediately onboarded over the weekend during lease 7. Over 900 network stakeholders locked up DOT in favor! pic.twitter.com/m4vlMeQYXi
— Polkadot (@Polkadot) March 21, 2022
In other words, once the auctions are finished and the winning platforms are onboarded, we expect Polkadot’s traffic to grow considerably. This will increase the use of DOT (which is used for fees), and by extension should boost its price. This is why it’s one of our 5 best cheap cryptocurrency to buy right now.
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