Investing in cryptocurrencies is a high-profit endeavour that can yield a high return on investment. There are thousands of crypto assets to choose from, which can be overwhelming, but this review will focus on the 5 top crypto to buy this week.
1. Lucky Block (LBLOCK)
Lucky Block comes first on our list of the top crypto to buy this week. At press time, LBLOCK is trading at $0.002377, surging up by 29.57% in the last 24 hours.
Lucky Block aims to promote gaming transparency and fairness by creating a lottery in which every participant has a better chance of winning while simultaneously offering token holders a smart investment strategy and contributing to the community.
In addition, Lucky Block recently debuted its first NFT collection, the Platinum Rollers Club.
Non-fungible tokens (NFTs) are gaining popularity because they allow communities to be rewarded for having one-of-a-kind assets.
The objective of Lucky Block’s initial collection of 10,000 NFT pieces is to harness the full potential of the technology that drives NFTs by providing more utility to the blockchain than simply transferring ownership.
The proceeds from the NFT sales will be utilized to fund Lucky Block’s future expansion. In addition, a 10% royalty payment is returned to the Lucky Block wallet address on the sale and resale of each NFT on the blockchain. As a result, all token holders will gain from the trade of these sought-after NFTs.
2. Cardano (ADA)
Next on our list of top crypto to buy this week is Cardano. At press time, Cardano is currently trading at $1.18, with a 24-hour volume of $1 billion. Cardano’s price has increased by 3.89% in the past 24 hours, with a market cap of about $39 billion.
Cardano (ADA) is a blockchain platform that uses the Ouroboros proof-of-stake (PoS) consensus mechanism to execute transactions rapidly.
The main goal is to build a scalable decentralized network that efficiently validates transactions while remaining as energy-efficient as possible.
Furthermore, to permanently fix DeFi’s shortcomings, AdaLend, the Cardano-based Lending Protocol, has designed a user-friendly, scalable, and fully decentralised Layer-1 platform enabling quick loan approval, automatic collateral, trustless custody, and increased lending liquidity.
AdaLend plans to usher in the next generation of seamless, fast, and secure crypto lending by utilizing the leading proof-of-stake (POS) Cardano network. In addition, the AdaLend protocol enhances capital flow efficiency by managing multiple lending pools with the native ADAL token.
The protocol allows users to tokenize their assets and efficiently transfer ownership of lending positions between them.
3. Avalanche (AVAX)
Described as an open, programmable smart contracts platform for decentralized applications, Avalanche is the next on our list of top crypto to buy this week.
At press time, Avalanche is trading at $91.29 with a 24-hour trading volume of $1 billion. Avalanche is up 5.45% in the last 24 hours with a live market cap of $24 billion.
Avalanche is a layer-1 blockchain that acts as a foundation for decentralized apps and custom blockchain networks.
The Platform Chain (P-Chain), which coordinates validators and the formation of subnets, the C-Chain, which creates smart contracts, and the X-Chain, which manages and exchanges assets, make up Avalanche’s network.
Avalanche is a competitor to Ethereum and plans to dethrone Ethereum as the most popular blockchain for smart contracts. It plans to attain this by providing a larger transaction output of up to 4,500 transactions per second (TPS) while maintaining scalability.
Furthermore, the Avalanche Foundation announced hundreds of millions of dollars in incentives to stimulate new forms of development on its layer-1 protocol.
The Avalanche Multiverse program, supported with four million AVAX tokens (about $290 million at today’s exchange rates), aims to encourage the network’s subnet expansion.
4. Solana (SOL)
Solana is one of our top crypto to buy this week, as the blockchain addresses some of the most pressing issues that many blockchains face. This digital asset is described as one of the fastest crypto networks, processing and completing transactions at a rate of over 50,000 transactions per second (TPS)
At press time, Solana trades at $110.08 with a 24-hour trading volume of $2 billion at press time. Solana is up 7.77% in the last 24 hours with a live market cap of $35 billion.
Launched in 2017, Solana is a public, open-source blockchain that supports smart contracts, non-fungible tokens (NFTs), and decentralized apps (dApps). The protocol’s goal is to keep transaction costs low while providing maximum scalability and processing speed.
In addition, Krafton, a video game developer, has announced a collaboration with Solana Labs that could see non-fungible tokens (NFTs) added to PlayerUnknown’s Battlegrounds (PUBG), a popular battle royale game.
Solana embodies the best of the Web 3.0 ecosystem and technology, according to HyungChul Park, the head of Krafton’s Web 3 department. Krafton will obtain the expertise it needs to accelerate its investment in and development of blockchain-based experiences due to this relationship.
5. Terra (LUNA)
The last on the list of top crypto to buy is Terra. At press time, Terra is currently trading at $94.51 with a 24-hour volume of $1.5 billion. Terra’s has increased by 4.77% in the previous 24 hours with a market value of $33 billion.
Terra is a relatively new project, yet it has already made waves in the crypto industry. The platform works as a blockchain that allows the development of stablecoins and has a diverse collection of assets in its network.
Terra is a blockchain that allows users to generate fiat-pegged stablecoins using the Cosmos software development kit. These coins use the network’s mechanism, and Terra also provides smart contract functionality for asset production.
Terra claims that its usage of fiat-pegged stablecoins distinguishes it from the competition by combining the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currency. Furthermore, it maintains its one-to-one peg thanks to an algorithm that adjusts stablecoin supply in response to demand.
In addition, C2X, a blockchain gaming platform, raised $25 million from FTX Ventures, Jump Crypto, and Animoca Brands in a private token sale.
The platform, which will include “token economics, NFT marketplaces, and a wallet,” will be built on the Terra blockchain. Hashed, a veteran investor in the Web 3 gaming business and a prominent player in the Terra ecosystem, will be advising the platform on the investment.