Some investors may be apprehensive of the cryptocurrency market, which has been underperforming for weeks due to the dismal crypto winter. However, the crypto market has demonstrated its ability to recover from lows, opening an opportunity for savvy investors to search for the top crypto to buy this week.
1. Lucky Block (LBLOCK)
Our list of the top crypto to buy this week begins with Lucky Block. The asset is the native token of Lucky Block, one of the world’s most popular game platforms.
Lucky Block optimises gaming and lottery systems with blockchain technology, ensuring that transactions are recorded and traceable.
Lucky Block, on the other hand, is more than just a lottery platform. Holders of the LBLOCK native token can influence the protocol’s direction, have access to investment opportunities, and increase their chances of benefitting from online games that use the Lucky Block protocol.
PancakeSwap is a great place for investors to buy LBLOCK. Following the inclusion of the digital assets on the platform, Lucky Block, the crypto lottery token, has climbed more than 300% from its presale price — and it has now also been listed on renowned crypto data site CoinGecko. Many presale customers have profited by more than 200% due to the new cryptocurrency’s price.
A large number of investors are holding the asset because they believe in the project’s strength and want to benefit from the dividend that will be paid to all token holders when the lottery platform starts in late March.
2. Ethereum (ETH)
Ethereum is another top crypto to buy this week. However, the asset has failed to rebound to former levels after collapsing with the market during the recent meltdown.
The digital asset is trading at $2,561 at press time, with a 2.07% price fall in the last 24 hours. The fall was marked by widespread sell-offs and liquidations, which persisted even as the price dropped further.
This was spurred by investor fear of a bear market as the asset is trading below the 20-day moving average support price point of $3,712. Investors wanted to get out before the price sank further lower. However, not everyone followed the dumping trend.
Whales have always been known to behave differently than smaller investors in the crypto market, and this time was no exception. While investors panicked and liquidated their holdings at low prices, these whales silently ate up the ETH dumped on the market, regaining market domination.
Whales have taken advantage of falling market values to acquire cryptocurrencies at what can be described as a discount. Following the crisis, the price of Ethereum plummeted to as low as $2,100, giving them even more leeway to expand their holdings.
Smaller investors followed, but only after whales had purchased ETH worth hundreds of millions of dollars. This market action is evident in the 24-hour trading volume of the digital asset set at $11.1 billion with an outstanding 7.45% increase in price.
3. Binance Coin (BNB)
The Binance utility token is trading at $374 at press time, down 1.32% in the last day. The digital coin is currently trading with the bears as the current price is below the 20-day Moving average support price of $497.
Recently, Binance launched its first-ever auto-burn programme for the Binance token (BNB), eliminating roughly 1.6 million BNB tokens worth $750 million from circulation.
The number of tokens to be burned under the new programme is calculated using a formula based on the total number of blocks produced on the Binance Smart Chain – a programmable blockchain that powers smart contracts and runs alongside Binance Chain BNB’s average dollar-denominated price over the quarter.
4. Cardano (ADA)
It’s no wonder that Cardano makes the list of top crypto to buy this week. At press time, ADA is trading at $1.073, with a 3.2% decrease in price in the last day. Despite this price slump, the asset’s 24-hour trading volume is up by 2.39% and sits at $847 million in the last day.
ADA is the 6th crypto asset in the global crypto market, making the coin one of the top crypto to buy this week.
Only five months after the Cardano Network’s smart contracts were activated, another decentralised exchange (DEX), ADAX, has been launched. Further investigation indicated that the order-book-based DEX is a “core element of the Cardano ecosystem’s long-term success.”
Cardano allows for total decentralisation via ADAX, a custodial and order-book-based decentralised exchange. To guarantee total decentralisation, it uses Cardano’s Plutus intelligent contracts.
The addition of ADAX to the Cardano platform is a huge step forward for the network, which continues to carve itself a position in the decentralised financial space. The company spent six months perfecting the first Cardano DEX that would benefit the ecosystem in the future.
5. Solana (SOL)
The Solana protocol is intended to make the construction of decentralised apps (DApps) easier. The asset intends to increase scalability by combining a proof-of-history (PoH) consensus with the blockchain’s underlying proof-of-stake (PoS) consensus.
Hubble is now available on Solana, providing users with a more powerful means to increase liquidity. On the platform, your money works for you by increasing the efficiency of your portfolio through ensuring that your crypto earns the highest possible income when staked. USDH may be used all around the Solana ecosystem. The idea for the project came from the Solana Hackathon. Top Solana ecosystem investors are now onboard the system.
USDH may be used all around the Solana ecosystem. The idea for the project came from the Solana Hackathon. Top Solana ecosystem investors are now onboard.
Hubble (HBB) is a Solana Blockchain-based Decentralised Autonomous Organization (DAO) with a community-supported governance style. With a 0.5% minting fee, users can borrow USDH, a 100% decentralised stablecoin at no interest by placing collateral and earning an annual percentage yield (APY) on their deposits.
A supercharged strategy to increase liquidity, Hubble has made its debut on Solana. According to Hubble, your money should work for you. Ensure that your Bitcoin receives the highest potential return while deposited to increase the efficiency of your portfolio.
USDH should be employed across the Solana ecosystem. The project had its beginnings during the Solana Hackathon. Top investors in the Solana ecosystem have now come out to support the initiative.
Hubble (HBB) is a Solana Blockchain-based Decentralised Autonomous Organization (DAO) with a community-supported governance structure.
Users can borrow USDH, a 100% decentralised stablecoin, for a 0.5% minting fee. Users can borrow at 0% interest by placing collateral and earning APY on such deposits.
At press time, the digital asset is trading at $9.50, down by 2.29% in the last day. The asset’s 24-hour trading volume has also taken a hit, with an 11.59% decrease to $1.17 billion in the past 24 hours.