The crypto market continues in its crusade to avoid a second consecutive month of losses. Coin prices continue to stabilise, fighting off selling pressure that seems to originate primarily from the traditional stock market. With this struggle expected to continue in the interim, investors need to find cheap cryptos to buy that offer the best chances of growth this month.
In this article, we’ll examine the digital assets with low price entry points and the best prospects and the factors that could propel them further.
1. Lucky Block (LBLOCK)
Our pick for the best cheap cryptos to buy is LBLOCK. The token is the native token for Lucky Block – a blockchain gaming platform that has been the toast of many players and investors for months now.
Lucky Block offers access to an ecosystem of games. The platform focuses on providing worldwide access to all players while promoting transparency and fairness in transactions. Using LBLOCK, players will be able to access all games in the ecosystem without using tickets or raffles.
Since launching in January 2022, LBLOCK has seen impressive demand. The asset already has over 50,000 users. LBLOCK currently trades at $0.0013, down by 18% in the past 24 hours.
The high demand for LBLOCK is primarily due to the current promos that Lucky Block is running. Currently, the gaming platform is running a prize pool, giving away $1 million to players who buy Lucky Block tokens worth at least $500. Already, several users have won, and the daily draws are still on. Winning gives users a great opportunity to earn interest on LBLOCK, allowing them to enjoy more gains.
Gm! 🤞
Congrats to the winner and a quick reminder – another draw is coming today at 8pm BST! 🎟️
— Lucky Block (@luckyblockcoin) June 7, 2022
Lucky Block is also running a non-fungible token (NFT) giveaway, with another $1 million going to buyers of the platform’s Platinum Rollers Club NFTs. There’s a lot to be won with this platform this week, and we expect to see gains in the LBLOCK price as well.
2. Cardano (ADA)
Cardano is one of the widely accepted blockchains in the market presently. Its native token, ADA, acts as a channel for incentivising validators on the network and a means of earning passive income for investors.
Trading at $0.598, ADA is down by 23.37% in the past month.
Currently, investors are following developments in the Cardano ecosystem closely. The blockchain is in the midst of launching its Vasil hard fork, which is expected to reduce transaction costs and optimise scalability.
Reference scripts reduce your transaction costs.
Currently, new scripts need to be included in each transaction.
With reference scripts, you can interact with the script through a reference, pushing it onto the chain.
➡️Interaction with a smart contract becomes minimal. pic.twitter.com/g8qVukL75W
— Input Output (@InputOutputHK) May 2, 2022
If Vasil works like the developers claim, this could be another incentive for investors to buy Cardano.
3. Ripple (XRP)
XRP is one of the best cheap cryptos to buy on the market. Ripple Labs developed the digital asset, and it is the standard for cross-border payments in the crypto industry.
Already one of the biggest names in crypto, XRP currently trades at $0.389. This price peg represents a drop of 3.19% in the past 24 hours, in line with the broader market’s moves.
Despite the drop, analysts believe that XRP might be in for a rush of institutional investment in the near term.
The recent CoinShares’ Digital Asset Bi-Monthly Fund Manager Survey revealed that institutions are rotating out of assets like Ether (ETH) and favouring XRP, Polkadot (DOT), and Cardano (ADA). With institutional investment being one of the biggest catalysts for growth in crypto prices, there seems to be enough incentive to buy Ripple now.
4. Dogecoin (DOGE)
Dogecoin (DOGE), the meme king, is one of the most recognisable names in the crypto market. The digital asset has become one of the most valuable in the industry. DOGE continues to rise in value, thanks to its massive community and propensity for sporadic price gains.
Presently, DOGE trades at $0.08. This price indicates a drop of 33% in the past month, with most of those drops coming primarily from the broader market and its slump.
Despite this, many analysts believe that this might be a good time to buy Dogecoin. For one, the Dogecoin Foundation recently released a plan for the Dogecoin Core. According to the information released, the developers are hoping to improve the overall security of the Dogecoin ecosystem and make it more functional for investors.
Generally, the Dogecoin Foundation has been working on ways to bolster the asset’s functionality. With the coin also looking more like a viable payment method, its prospects definitely look more attractive.
5. Polygon (MATIC)
Polygon is one of the most popular layer-two solutions available for the Ethereum blockchain. The platform offers developers easy access to Ethereum and resources, allowing them to bypass Ethereum’s high transaction fees and latency.
MATIC, Polygon’s native token, currently trades at $0.597. The asset has been down by 43% in the past month.
Investors looking to buy Polygon will be happy to find that the platform’s developers are working to bring more dApp builders into their ecosystem. Polygon Studios recently launched an “uncapped” fund to help developers in the recently-crashed Terra ecosystem to settle on its network. The organisation has also been making public approaches towards these developers for them to migrate. Analysts expect an influx of developers to Polygon, which would only bolster MATIC’s price going forward.
Read More:
Lucky Block – Our Recommended Crypto of 2022
- New Crypto Games Platform
- Featured in Forbes, Nasdaq.com, Yahoo Finance
- LBLOCK Token Up 1000%+ From Presale
- Listed on Pancakeswap, LBank
- Free Tickets to Jackpot Prize Draws for Holders
- Passive Income Rewards – Play to Earn Utility
- 10,000 NFTs Minted in 2022 – Now on NFTLaunchpad.com
- $1 Million NFT Jackpot in May 2022
- Worldwide Decentralized Competitions
