Join Our Telegram channel to stay up to date on breaking news coverage
Cryptocurrencies are a reliable long-term means of storing value. With their limited supply, their value can’t be diluted through inflation.
Are you looking for the top crypto to buy? This article explores some of the most promising coins on the market so that investors can choose the best coins for their portfolios.
1. Lucky Block (LBLOCK)
Our top pick for the top cryptos to buy this week is LBLOCK – the native token for Lucky Block.
The online gaming service, Lucky Block, is one of the most exciting crypto lottery protocols to launch in the market. The service looks to optimise fairness and transparency by incorporating blockchain into online gaming.
It is accessible to players around the world. Users can buy LBLOCK to gain access to its games ecosystem instead of looking for tickets.
Besides gaming, Lucky Block is also heavily invested in non-fungible tokens (NFT). The platform’s first collection – the Platinum Rollers’ Club – launched in March and enjoyed massive fan appreciation.
Today, LBLOCK trades at $0.0033, up an impressive 27.45% in the past 24 hours. Compared with the broader market’s 0.23% decrease in the same period, the asset is impressive.
This week is also expected to be a massive one for LBLOCK. The Lucky Block mobile app has been released on the Google Play Store, and the game’s developers expect a massive influx of users. The game is now approved for over 150 countries, and it has received over 300 positive reviews on Play Store already.
With the iOS app expected to hit the Apple Store soon enough, the asset’s price is likely to rise even more.
2. Solana (SOL)
Solana’s SOL token is next on our list of the top cryptos to buy this week. The asset had an impressive run last week, with its price rising by 37%. SOL is now trading at the highest price level since January. It looks like a viable option as it looks to recapture the gains lost over the past few months.
Today, SOL trades at $131.69. This is a drop of 3.87% in the past 24 hours. Price drops are typical right now, and many analysts believe that SOL is simply consolidating as it looks to make bigger jumps soon.
The native token for Solana, SOL, powers most of the functions on the blockchain. The consistently high performance of the blockchain has led to a mass exodus of developers from Ethereum.
Solana’s functionality is expected to grow even more as the blockchain has been integrated with the Opera browser. The popular browser integrated the blockchain along with several others last week. This integration offers the platform’s 380 million users easy access to decentralised applications (dApps) on the blockchain.
As more integrations come into play, Solana’s popularity among investors is expected to rise.
3. Bitcoin (BTC)
The world’s leading digital asset, Bitcoin is also a viable option if you’re looking for the top cryptos to buy this week. The asset has led the market rally over the past week. While its gains don’t compare to those of several top altcoins, Bitcoin’s dominance over the market makes it a signal for things to come.
Bitcoin’s price currently stands at $46,115. This is a drop of 0.63% in the past 24 hours. The major decentralised asset appears to be consolidating for a possibly bigger push in the near term.
The biggest attraction for Bitcoin currently appears to be the influx of institutional investors. Last week, MicroStrategy – one of the market’s biggest institutional investors – announced that one of its subsidiaries had raised a $205 million loan to buy Bitcoin.
The Luna Foundation Guard also committed to a $10 billion BTC purchase, showing that institutional appetite for the leading cryptocurrency is on the rise again. Institutional entry is always a boon for Bitcoin, considering the volumes of purchases that this should bring.
4. Binance Coin (BNB)
Next on our list of top cryptos to buy this week is Binance Coin. BNB is another asset that needs no introduction for market participants. The asset powers the Binance ecosystem, allowing the exchange’s users to enjoy discounts on trading fees and other transactions.
Today, BNB trades at $445.56 – a drop of 0.57% over the past 24 hours. However, BNB has been up by 1.58% in the past 7 days.
Affiliation with Binance is the primary attraction for BNB. As the world’s largest crypto exchange, Binance is always in the news. The exchange has managed to remain involved in mostly positive developments this year.
Last week, Binance scored another massive legal win, eventually finalising a two-year-long case over alleged securities law violations concerning some coins listed on its platform. The exchange’s win clears its way to continue pursuing expansionary moves – something Binance has been very intentional about this year.
Binance is also coming off a successful outing at the just-concluded Grammy Awards. The exchange signed on to be the award’s official cryptocurrency partner. It is expected to collaborate with the Recording Academy to release non-fungible tokens (NFTs) and other collectables in the future to bolster fan engagement.
5. Zilliqa (ZIL)
Possibly the least famous on our list, ZIL is an interesting asset with a lot of potential heading into the second week of April. The asset powers Zilliqa – a blockchain platform looking to optimise user scalability through sharding.
Thanks to its model, Zilliqa operates a network of independent, interconnected blockchains, which helps it reduce transaction load and optimise throughput.
Trading at $0.13, ZIL is up by 30.87% in the past 24 hours. It is one of the few large-cap coins to beat the broader market’s performance at press time.
However, the crypto asset is up by over 200% in the past week, thanks in no small part to the launch of Metapolis – a metaverse platform built on the Nvidia Omniverse. The launch appeared to excite investors, who trooped to buy ZIL in their droves.
Read More:
Join Our Telegram channel to stay up to date on breaking news coverage
