Cryptocurrencies continue to turn heads amid the Russia-Ukraine war, as more investors continue to search for the top crypto to buy this week. Cryptocurrencies provide substantial profits and return on investments compared to other investment options. This guide provides details on the top crypto to buy and why investors should consider them.
1. LuckyBlock (LBLOCK)
LuckyBlock is one of the few cryptocurrencies that have superseded investor expectations regarding growth potential and value proposition.
The LuckyBlock token is a lottery-based cryptocurrency that simplifies the lottery process, allowing gamblers to play for jackpots and other lotteries using the blockchain.
The crypto asset ranks as the top crypto to buy this week as news of its soon to be released NFT collection hits the market. The LuckBlock NFT collection, The Platinum Rollers Club, offers its community rewards by owning unique collectables.
The debut of the 10,000 NFT pieces seeks to assign ownership and enhance the coin’s utility.
By owning one or more of the LuckyBlock NFT, investors can generate more money for the blockchain, which will be reinvested into the growth of the LuckyBlock coin. The release of the NFT collection is only a step towards the future as the digital asset is headed into the metaverse.
LuckyBlock is trading at the price of $0.0044 alongside the entire crypto market. This represents a depreciative trend following Russia’s invasion of Ukraine. The downtrend allows investors to buy into the asset to realise substantial profits.
2. Ethereum (ETH)
Ethereum represents growth and innovation, which is why the altcoin is one of the top crypto to buy this week. The digital asset currently trades at $2,517, giving investors a prime opportunity to profit. The Ethereum blockchain is all about improvement, reaching untapped markets globally.
The Ethereum blog has added support for ten more languages, enabling other countries oblivious to the Ethereum blockchain to learn more about its innovations.
The Ethereum blockchain continues to stay at the top of its game as large investors scramble for the digital asset. The artworld is not left out on the crypto spree as a popular United States auction house moves to accept Ethereum as a valid mode of payment.
A series of Jean-Michel Basquiat paintings have been put up for auction with a 16-foot painting, Untitled, 1982 valued at 25,513 ETH. As crypto continues to receive more adoption, the Ethereum asset is sure to appreciate as it still reels in the highest number of NFT holders.
The Ethereum Blockchain aims to establish a new ATH as the ecosystem opens up to other countries. As foreign developers and users get acquainted with the Ethereum blockchain, the price of ETH will skyrocket, providing investors with substantial profits.
3. Avalanche (AVAX)
Avalanche is a proof-of-stake (PoS) smart contract protocol that aims to provide all three requirements for a perfect blockchain. The network protocol utilises three operating chains to handle the different roles. Using this mode of operation, the AVAX blockchain ranks as one of the top crypto to buy this week. AVAX currently trades at $72.16.
Avalanche has been selected by the blockchain-enabled moddable AAA first-person shooter game Shrapnel to serve as the network that will underpin the new gaming experience.
Shrapnel is a BAFTA developed game designed to reward and empower creators and players. The game requires a great deal of customisation.
Using Avalanche’s low cost and eco-friendly network, Shrapnel can run subnets and define its parameters. The Avalanche’s unique features provide the flexibility necessary for an adrenaline-pumping gaming experience.
With the Shrapnel integration, Avalanche will move upward as it rakes in more holders and is applied in more use cases. The gaming community is large and proposes the Avalanche blockchain with the viable means of securing more holders and increasing liquidity.
4. Polkadot (DOT)
Polkadot is one of the cryptocurrencies that provides value for new investors and ranks as one of the top crypto to buy this week. Polkadot is an interoperability-centric network that aims to provide an inclusive ecosystem for blockchains.
The Polkadot blockchain continues to promote auctions for parachain positions, enabling new blockchains that provide scalability to get on the Polkadot ecosystem.
The Polkadot council has passed Motion 158, a complete schedule for the parachain auctions for the rest of the year. This provides worthy auctioneers with time to prepare for each parachain auction, enabling them to secure their positions faster. With prior knowledge of the auction dates, blockchains can upgrade their systems with the right updates to secure a parachain position and bring more scalability to the Polkadot ecosystem.
Polkadot has been on a downtrend along with the entire crypto market’s bearish outlook. The digital asset currently trades at $16.52 and has recorded a 22.55% decrease in one month. The decrease can be leveraged to realise substantial profits as crypto adoption increases.
5. Cosmos (ATOM)
The Cosmos Hub has made substantial improvement in the last few months, placing it on the list of the top crypto to buy this week. The Cosmos blockchain provides an open, scalable, and interconnected ecosystem for other blockchains to access solutions to their protocols’ problems.
The Cosmos Blockchain has made updates to the Gravity Bridge Chain, a vital force for the smooth running of the Cosmos ecosystem. The Gravity Bridge is designed to funnel Ethereum ecosystem liquidity into the Cosmos ecosystem. It does this by using a trustless, interoperable framework.
The Gravity Bridge is working with Cosmos NFT platform Stargaze to send NFTs from Ethereum to Cosmos. Gravity Bridge aims to increase liquidity and interoperability following this integration. The bridge also proposes distributing through governance tokens, GRAV tools, and other beneficial infrastructure to the Cosmos ecosystem.
The Gravity Bridge is built with Cosmos SDK. It uses the validator set to sign transactions instead of using a multi-sig or permissioned set of actors. The essence of this is to promote neutrality, providing the most effective and secure bridge possible. The neutrality increases volume from blockchains, which increases efficiency and reduces costs.