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Cryptocurrencies have begun this week trading lower than they did last week. Regardless, downturns are usually a good time to invest. Coins could easily pump in the short and long terms after a market downturn. This article provides some of the top crypto to buy this week and the possible catalysts for price gains over time.
1. Lucky Block (LBLOCK)
Our pick for the top crypto to buy this week is LBLOCK. This crypto-asset powers the Lucky Block gaming ecosystem and has become a favourite of crypto investors in the past few months.
Lucky Block is a global crypto gaming platform that brings the benefits of blockchain technology to traditional online gaming. Users can buy Lucky Block to easily access the gaming ecosystem, with the LBLOCK token as a substitute for traditional tickets.
At press time, LBLOCK trades at $0.00086. The crypto asset has been down by 5.49% in the past week.
Regardless, this seems like a good time to invest in the asset. Lucky Block’s developers conduct regular prize pools and non-fungible token (NFT) giveaways, with tickets for the prize pools available for just $1. LBLOCK holders with tokens of at least $500 will be eligible for free tickets. Also, holders of Platinum Rollers Club, Lucky Block NFTs, will be eligible for the platform’s NFT draws for free.
2. Cardano (ADA)
Cardano, one of the most popular blockchains, has built its profile as a top destination for app developers. Its token, ADA, is one of the top crypto to buy this week.
Currently trading at $0.45, ADA has been down by 2.1% in the past week.
We believe this is a good time to buy Cardano because the blockchain recently made a milestone with the Vasil hard fork. The upgrade was successfully deployed to Cardano’s testnet earlier this month. The blockchain’s developers tout the upgrade as a major step toward improved scalability and reduced transaction costs.
We’re happy to report that today at 20:20 UTC the IOG team has successfully hard forked the #Cardano Testnet. This is an important next step in the journey towards the Vasil upgrade on mainnet. 🧵
1/10 pic.twitter.com/9F9vzec0pK
— Input Output (@InputOutputHK) July 3, 2022
ADA whales have also scooped 79 million tokens in the past few days, showing massive investor demand for the coin. This is one coin investors should look out for.
3. Polygon (MATIC)
MATIC powers Polygon – a top layer-two blockchain platform that offers developers access to the resources on Ethereum while bypassing its scalability problems.
At press time, MATIC trades at $0.56. The crypto asset has been up by 19% in the past week.
We believe that investors can buy Polygon now. Over the weekend, the CEO of Polygon Studios, Ryan Wyatt, reported that the company had been working on several projects built on the now-defunct Terra blockchain.
https://twitter.com/Fwiz/status/1545555539299487745?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1545555539299487745%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fterra-projects-band-together-in-migration-to-polygon-ecosystem
The goal is to help these projects migrate to Polygon, thus increasing Polygon’s user base and providing a good base for MATIC to surge.
4. Binance Coin (BNB)
BNB makes our list of the top crypto to buy this week. The digital asset is the exchange token for Binance – the crypto market’s largest exchange by daily trading volumes.
Riding on Binance’s successes, BNB has become one of the most valuable assets in the market. And its profile continues to grow.
Currently trading at $231.28, BNB has been up by 3.71% in the past week.
Investors looking to gain can buy Binance Coin. The asset is a large-cap coin, meaning it will see gains once the market flips bullish. Also, Binance’s continued expansion puts BNB in a good position. The broker recently secured a Virtual ASSET service Provider (VASP) certification for its Spanish subsidiary, clearing it to conquer another country.
5. Maker (MKR)
Last on our list of the top crypto to buy this week is MKR. The digital asset is the native token for Maker – a lending protocol with the highest total volume locked of any decentralised finance (DeFi) service.
Maker is run by the MakerDAO – a decentralised autonomous organisation (DAO) that also governs the DAI stablecoin.
With a current price of $909, MKR has been trading down by just 0.76% in the past week.
Like many other large-cap coins, we believe investors who buy Maker will enjoy gains. MKR is a DeFi blue-chip coin, so investors can rest assured that it will rise as the market flips bullish. In addition, MakerDAO has continued to take steps to stay afloat amid the market downturn.
Last week, the DAO approved a plan to invest $500 million in DAI tokens in government bonds and other minimal-risk securities.
The Maker Governance votes to determine how to allocate 500 million DAI between different investment strategies.
This allocation poll is a result of the passage of MIP65: Monetalis Clydesdale: Liquid Bond Strategy & Execution.
A recap on how it would work.
🧵
— Maker (@MakerDAO) June 27, 2022
This should strengthen their cash balances and provide enough runway to survive the crypto winter.
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