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5 Best Cryptocurrency to Buy for the Recovery – June 2022 Week 4

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5 Crypto Insider Tips to Follow During the Dip
5 Crypto Insider Tips to Follow During the Dip

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The crypto market is still facing a bearish strait. Popular coins have shed a significant part of their value. While several investors have panic sold, a number of savvy enthusiasts are piling up on promising assets in anticipation of a bullish comeback.

For savvy investors, we offer a list of the best cryptocurrency to buy for the recovery once the market flips bullish.

1. Lucky Block (LBLOCK)

Kickstarting our list of the best cryptocurrency to buy for the recovery is Lucky Block’s token. Lucky Block is a gaming platform based on the Binance Smart Chain (BSC) network. The platform seeks to redefine the gaming landscape by making it more inclusive and fairer. It operates using Chainlink’s Verifiable Randomness (VRF) service, ensuring that all winning tickets are randomly selected.

LBLOCK Price ChartLucky Block is one of the most talked-about cryptocurrency trading platforms. This is due to the daily draws it offers. For a start, new users can buy Lucky Block worth $5 to participate in the draw. This makes them eligible to win as much as $1 million in token giveaways. Also, ownership of LBLOCK tokens worth $500 automatically qualifies a user for a free ticket.

Lucky Block also offers digital collectibles called Platinum Rollers Club. These 10,000 unique non-fungible tokens (NFTs) go for $1,170 each, and holders can participate in the Lucky Block NFT giveaway of $1 million.

Lucky Block’s Platinum Rollers Club NFT collection has continued to generate buzz among enthusiasts. The digital collectible was recently marked as the hottest NFT project by NFT Trends.

At press time, LBLOCK is trading at $0.001025, up 10% in the past week.

2. Polygon (MATIC)

Polygon’s token ranks second on our list of best cryptocurrency to buy for the recovery. Operating as a scaling solution for the Ethereum network, Polygon bundles transactions off-chain and validates them before returning them to the parent blockchain.

MATIC Price ChartInvestors are keen to buy Polygon due to its low fee structure and high transaction throughput. Polygon has been working toward carbon neutrality. The multi-chain smart contract network recently burned a significant chunk of its carbon emission to the tune of 90,000 metric tonnes. Polygon’s commitment to becoming a green blockchain has attracted a number of platforms.

The protocol was recently tapped by energy-focused blockchain protocol Reneum to launch its $RENW tokens.

This growing fundamental reliance would continue to see investors keen to invest in the scaling solution. At press time, Polygon’s MATIC token is seeing modest bullish activity as it is trading at $0.56, up 42.3% in the last seven days.

3. Avalanche (AVAX)

Avalanche has continued to build up its foundational offering for crypto users. The platform’s superpowers lie in its block-to-time finality. Avalanche is currently the fastest protocol in this regard. Coupled with its blazing speed, Avalanche is also energy-efficient and cost-effective.

AVAX Price ChartThe protocol’s strong appeal has led investors to buy Avalanche as interest ramps up outside the traditional crypto giants, Bitcoin and Ethereum. Avalanche has become a mainstay and is enjoying its own waves of fundamental growth. The protocol recently announced the launch of its in-house Web3 browser wallet extension. This hot wallet is expected to make interaction with Avalanche-based decentralised applications (dApps) quicker and more seamless.

At press time, AVAX is trading at $20.5, up 19.77% in the past week.

4. Tron (TRX)

Next on our best cryptocurrency to buy for the recovery is TRX, the Tron network’s token. The platform’s driving vision is to decentralise the internet. Operating on a delegated proof-of-stake (DPoS), Tron started out as a decentralised content distribution network. The platform has since navigated into the decentralised finance (DeFi) ecosystem, allowing users to access peer-to-peer (P2P) decentralised financial tools.

TRX Price ChartThe platform’s low fee and significant transaction throughput have encouraged investors to buy Tron. In a bid to penetrate the crypto market, Tron launched its own version of algorithmic fiat-backed digital assets or stablecoins, called USDD. The programmatic stablecoin has continued to enjoy widespread adoption since launching in the second quarter of this year.

According to a recent tweet, the popular centralised exchange Kucoin has enabled trading support for the USDD stablecoin and the TRX token. This points to the growing popularity of the digital asset.

Despite a lull in crypto trading activities in the past weeks, Tron has continued to post record figures. According to another tweet, the smart contract network recently crossed the $9 billion mark in total value locked (TVL). It has also increased its wallet address counts to 99.6 million users.

At press time, the TRX token is catching some tailwinds and trading at $0.067, up 10.29% in the past week.

5. Cardano (ADA)

Last on our list of best cryptocurrency to buy for the recovery is ADA, Cardano’s token. Cardano is famous for its peer-reviewed structure which requires all updates to be vetted by a team of experts. The blockchain is seen as a more advanced alternative to Bitcoin and Ethereum due to its focus on decentralisation, security, and scalability.

ADA Price ChartThe project has continued to generate interest as investors want to buy Cardano due to its structured approach toward building the next generation of solutions.

Cardano was recently incorporated as a gold member of the Linux Foundation. The partnership is expected to boost mass innovation in the blockchain space.

At press time, ADA is trading at $0.49, down 0.12% in the past week.

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