The cryptocurrency market has recovered a little after losses over the weekend. Its total cap is up by 4.5% in the past 24 hours, reaching $1.99 trillion. Most major cryptocurrencies have recovered along with it, with some altcoins posting higher-than-average gains. This includes a number of lower priced alts that have lots of potential for outsized rises. This articles compiles them and other promising low-price coins into a list of the 5 best cheap cryptocurrency to buy right now.
5 Best Cheap Cryptocurrency to Buy
1. Lucky Block (LBLOCK)
Lucky Block is down by 2% in the past 24 hours, dropping to $0.00196438. This represents a 22% fall in the past week and a 47% drop in the past month.
While LBLOCK is down by 79% since reaching an all-time high of $0.00974554 on February 17, it’s also up by 350% since launching at the end of January.
LBLOCK is the native token of the Lucky Block lottery platform, which runs on Binance Smart Chain. It’s due to hold its first ever draw later this month, at which point draws will become regular. Users can participate in each draw by buying tickets with LBLOCK, with winners taking home 70% of each draw. Additionally, all holders of LBLOCK will receive an equal share of 10% of each draw’s fund.
While Lucky Block has witnessed a few delays in getting started, it has nonetheless grown quickly. It now counts over 50,000 holders of its LBLOCK token, which reportedly reached a $1 billion market cap faster than any other coin to date.
Quick wrap-up of Lucky Block achievements:
👉Pre-sale sold out
👉Amazing #PancakeSwap launch
👉Fastest-ever growing crypto in the history (hitting $1 billion market cap)
👉50k holders in less than 3 months
Make sure you follow us to stay up to date!🔥https://t.co/BaFMLsga6t
— Lucky Block 🤞 (@luckyblockcoin) April 17, 2022
Lucky Block is now waiting on the full launch of its mobile apps before holding its first draw. These should arrive soon, with its Android app out in beta and with its iOS app undergoing some changes.
13.04 – project updates:
👉 iOS app – We’re currently implementing changes that were requested by Apple
👉 Web app – We’re integrating ‘vote and claim’ functionality as well as a fiat ramp
👉 Android app – 1.3 app beta is available now on Google Play – https://t.co/CUX7WLsDTx
— Lucky Block 🤞 (@luckyblockcoin) April 13, 2022
2. Loopring (LRC)
At $0.936813, LRC is up by 12% today. It’s also up by 10% in the past week, but basically flat in the last 30 days.
LRC has spent much of April subdued. Its relative strength index (in purple above) has been below 50 for most of the month, suggesting that a rally isn’t far away.
Looping is a layer-two scaling solution for Ethereum. The biggest thing to happen to it most recently was that, in late March, it launched beta of the long-awaited GameStop NFT marketplace. The marketplace’s full version will drop later this month, offering users the chance to buy non-fungible tokens representing digital goods and properties.
Loopring L2 x @GameStop
— Loopring💙🏴☠️ (@loopringorg) March 23, 2022
More generally, Loopring is enjoying a steady growth in users. Most notably, users of its smart wallet has exploded since the start of the year, indicating that more people within the Ethereum ecosystem are turning to it.
Loopring Smart Wallet continues to explode in growth🔥
The people want to be their own bank. After all, it’s your money, you might as well own it💙
— byron.loopring.eth (B.👾)💙🏴☠️ (@macro_diary) April 11, 2022
It’s also worth pointing out that, even though Ethereum will be transitioning to proof-of-stake in the next few months, demand for layer-two scaling platforms such as Loopring will remain strong. This is because PoS alone will do little substantially reduce Ethereum fees or increase its transactions per second in the short-term. We therefore expect LRC to continue rising, which is why it’s one of our 5 best cheap cryptocurrency to buy.
3. ApeCoin (APE)
APE is £12.50 right now, up by 10% in the past 24 hours. It’s also up by 15% in the past week, and by 8% in the last 30 days. The altcoin launched just over a month ago, and is up by 100% since then.
APE’s indicators signal a rally. Its 30-day moving average (in red) is just about to form a golden cross with its 200-day average (in blue). This suggests a breakout, as does the coin’s RSI moving above 70.
One of the newest coins on the market, ApeCoin is the native token of of the Bored Ape Yacht Club NFT series. It’s a governance and utility token that grants holders to right to vote on how the Board Ape’s ApeCoinDAO uses its funds. Limited to only 1 billion tokens, it also grants users access to certain parts of the Bored Ape ecosystem.
Given how popular the Bored Ape Yacht Club has become, APE could take off in a big way. Indeed, the trading volume for Bored Ape NFTs has reached $23 billion in the past year. This makes it the biggest NFT collection in crypto, helped along by the fact that various celebrities are among its holders.
4. Ripple (XRP)
XRP is up by 4.7% today, at $0.770118. This represents a 10% rise in the past week, although the coin is down by 6% in the past month.
XRP’s have been up and down recently. That said, it’s currently on an upswing, so hopefully its momentum should continue for a while yet.
Even if it doesn’t rally big in the next few days, XRP is now set up to surge later this year. This is because Ripple’s case with the SEC is going well, and looks like it could result in a positive outcome. Last week, Judge Netburn denied an SEC motion to save the regulator from having to produce emails related to an important speech given by William Hinman in 2018, when the latter set out the SEC’s view that ethereum is not a security. This is good because there’s a chance that the emails and early drafts of the speech also mention XRP, and potentially reveal that the SEC also didn’t regard it as a security.
Judge Netburn sticks to her guns on the DPP issue and re-re-re-Orders the production of the emails related to Hinman’s speech.
— Jeremy Hogan (@attorneyjeremy1) April 11, 2022
Reflecting on such developments, Ripple CEO Brad Garlinghouse told CNBC last week that the case is going “exceedingly well,” and much better than Ripple had hoped. Combined with previous good news (such as Judge Torres upholding Ripple’s right to present its fair notice defence), this suggests that Ripple could win. This would mean that at some point in the summer, XRP could skyrocket.
Live from #PBWS2022, @bgarlinghouse sat down with @cnbc‘s @ryan_browne_ to talk crypto regulation, Ripple’s global traction and use cases that he sees growing across the industry. pic.twitter.com/ouQYhY3B5n
— Ripple (@Ripple) April 14, 2022
5. Dogecoin (DOGE)
At $0.140249, DOGE has increased by 3.6% in the past 24 hours. It has gain by 4% in the past week and by 13.5% in the past month.
DOGE is another coin worth watching because of the possibility of external events giving it a big boost. In DOGE’s case, this is Elon Musk’s attempt to buy 100% of Twitter. The Tesla CEO and SpaceX founder has bid $43 billion to acquire the social media firm at $54.20 per share. Twitter’s board is currently mulling over its options at the moment, with a ‘poison pill’ strategy now looking likely. This involves flooding the market with new stock, making it more expensive for a buyer to acquire a firm.
However, if Musk does succeed in acquiring Twitter, there’s no doubt DOGE will surge. This is because Musk has long been a supporter of the meme token, and has even suggested adding an option to pay in DOGE on Twitter. This is what makes DOGE one of the 5 best cheap cryptocurrency to buy right now.
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