Leading cryptocurrencies have continued making large gains this week, thus maintaining the market’s overall positive price movement from last week.
As of today, Bitcoin‘s market value has increased by 24.26 per cent, and Ethereum supporters saw an even better surge, as their coin soared by 62.79 per cent to 1,703 USD in the last 30 days, according to Binance. But a new addition to this list of top cryptos this week is Lucky Block.
Lucky Block guarantees transparency and equity in transactions. The platform is expected to explode after their Twitter handle announced their CEX listing confirmed in the MEXC Global exchange platform.
We will explore the top trending cryptos for this week ahead.
5 Best Cryptos to Trade This Week
Choosing the ideal crypto to trade and the perfect timing is crucial to reaching a trade success. Here we take you through the top trending cryptos you should consider trading this week that show promising profit returns.
Top Cryptos To Trade This week are:
- Lucky Block
- Bitcoin
- Ethereum Classic
- Solana
- Monero
1. Lucky Block
Lucky Block, after its launch, has already proved that it can provide enormous returns for investors with one of the strongest starts to 2022. Early LBLOCK investors experienced a 12,000 per cent return on investment just a few weeks after the tokens were issued.
Lucky Block is a platform for NFT competitions where Lucky Block NFT holders can participate in giveaways and earn rewards just for holding the tokens. On the platform, numerous tournaments are going on, but in order to enter, you must have an NFT.
Twenty-four hours prior to the jackpot drawing, you can acquire free tickets if you possess LBLOCK and have a holding value of 500 USD. There are two promos at Lucky Block. Both the weekly main draw and the weekly NFT draw take place every Friday. In the main prize draw, users have a chance to win LBLOCK tokens valued at 50,000 USD.
Lucky Block has also released a new cryptocurrency called V2 that doesn’t impose transaction taxes. As a result, Lucky Block will eventually be included in important centralized exchanges, which will have a significant long-term impact on its value.
Where To Buy Lucky Block
A rising number of centralized and decentralized exchanges (DEX), such as Pancakeswap and LBank, provide LBLOCK purchase. Updates on future CEX listings are available on the official Lucky Block Telegram.
The revised ECR20 token version of the Lucky Block token is also available on LBank.
Current Statistics
The current Lucky Block price is 0.001550 USD with a 688,878 twenty-four-hour trading volume. In 24 hours, Lucky Block is up by 17.92 per cent, according to CoinMarketCap. Lblock has a maximum supply of 10 billion coins
Due to the token’s upcoming CEX listing on the MEXC market on August 1st, the coin’s value is anticipated to increase in the next few days.
Your capital is at risk.
2. Bitcoin
There has never been any question about Bitcoin‘s status as the most valued cryptocurrency. The top digital asset is among the greatest possibilities for day trading cryptocurrencies due to its widespread appeal and high liquidity.
Bitcoin surpassed its previous close on Saturday, raising $798.93 or 3.36 per cent to $24,584.24. The largest and best-known cryptocurrency in the world, Bitcoin, has grown from its low of $17,592.7 in early June by 39.7%.
Where to Buy Bitcoin-
Coinbase and eToro are a few of the top cryptocurrency trading platforms investors prefer for trading Bitcoin.
Current Statistics-
The Bitcoin price today is 23,710.44 USD, with a twenty-four-hour trading volume of 27,277,640,386 USD. Bitcoin is low by 0.64 per cent in the last 24 hours. The current CoinMarketCap ranking of Bitcoin is 1, with a live market cap of 453,065,525,052 USD. It has a circulating supply of 19,108,275 BTC coins and a maximum supply of 21,000,000 BTC coins.
Your capital is at risk.
3. Ethereum Classic
One of the few cryptocurrencies that have shown growth over the past few weeks is Ethereum Classic (ETC). ETC has increased by almost 28 per cent in the last four days.
A hard-forked version of Ethereum is known as Ethereum Classic. The DAO, a decentralized venture fund running on the Ethereum blockchain, was hacked, which is how it came to be. The platform allowed investors to cast votes and make investments in possible projects through smart contracts and codes.
With the Ethereum 2.0 upgrade, Ethereum’s consensus algorithm will change from proof-of-work (PoW) to proof-of-stake (PoS). Ethereum miners will become obsolete as a result of the change, though.
Consequently, after the update, a number of miners plan to switch to blockchains where PoW is still in use. One of these networks is Ethereum Classic. This can be one of the factors analysts and investors consider Ethereum Classic to be a promising future investment.
Where to Buy Ethereum Classic-
You can buy Ethereum Classic on exchanges including eToro, Binance, Huobi Global and others.
Current Statistics-
The current price of Ethereum Classic is 39.85 USD with a 2,198,797,226 USD twenty-four-hour trading volume. In the last twenty-four, Ethereum Classic has decreased by 0.66 per cent.
With a market cap of 5,423,023,007 USD, CoinMarketCap now ranks Ethereum Classic 19th. The crypto has a maximum supply of 210,700,000 ETC coins and a circulating supply of 136,087,591 ETC coins.
Your capital is at risk.
4. Solana
The second-largest blockchain project by market capitalization, Solana provides a platform for creating decentralized applications, which are similar to common apps like Twitter and Robinhood but do without middlemen, thanks to blockchain technology.
Solana is undoubtedly the crypto industry’s fastest-growing ecosystem. Its decentralized open-source blockchain network was created to make it easier to create user-friendly, scalable applications for everyone around the globe.
The blockchain is incredibly quick, with around 65,000 transactions per second (TPS) and a relatively low transaction cost. Additionally, it is working on initiatives related to DeFi, Web 3.0, and NFTs.
Where To Buy Solana Block-
On most exchanges, Solana tokens (SOL) are available for purchase. eToro, Binance, Huobi Global can be viable options for trading Solana. As with any other investment option, it is crucial to remember that investing in cryptocurrencies carries some risk.
Current Statistics-
With a twenty-four-hour trading volume of 1,904,845,167 USD, the current price of Solana(SOL) is 43.41 USD. In 24 hours, SOL has increased by approx 1.82 per cent. Having a live market cap of 15,026,525,847 USD, there are 346,159,623 SOL coins in circulation currently.
Your capital is at risk.
5. Monero
A privacy-focused, safe, untraceable, open-source cryptocurrency is called Monero.
Its blockchain has been purposefully set up to be opaque. The platform uses unique cryptography to guarantee that every transaction is completely unlinkable and untraceable. Here, participants’ addresses are disguised to protect their identities, the identities of senders, recipients, and the transaction amount.
The top priorities for Monero are efficiency and usability, next privacy and security. This cryptocurrency uses CryptoNight, a consensus process based on the proof-of-work mechanism, to prevent large mining farms from gaining a dominant position.
The RandomX protocol powers its blockchain environment, and the native token of Monero is XMR. For anonymous transactions, the crypto uses a one-time ring signature algorithm. Additionally, stealth addresses are created for each transaction to guarantee that they are used just once and do not become linked to one another.
Where To Buy Monero-
As a privacy currency, XMR is not listed on all significant exchanges. But XMR may be purchased on Binance.
Current Statistics-
With a twenty-four-hour trading volume of 144,258,670 USD, the current price of Monero (XMR) is 157.09 USD. In 24- hr time, Monero decreased by approximately 0.73 per cent. With a live market cap of 2,851,902,87 USD, CoinMarketCap now ranks Solana 28th. There are currently 18,154,752 XMR coins in circulation.
Your capital is at risk.
Summing up
With the high volatility in the crypto market, according to our statistics, the above-mentioned are the top cryptos you might want to consider investing in. It has also been anticipated that the LBLOCK price will test resistance at $0.002300. Note that predictions of prices can happen anytime due to any unpredicted event. So invest safely and always do your own research before investing your hard earned money.
Read more-
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