5 Best Low Price Cryptocurrency to Buy March 2022 Week 2

Time Stamp: March 8, 2022 5:52 AM
Source Node: 1204639


The cryptocurrency market has recovered a little after suffering a dip yesterday. Affected by the ongoing fallout from the Ukraine-Russia conflict, its total cap slid down to $1.75 trillion. However, this figure is now up to $1.82 trillion, representing a 2% increase in the last 24 hours. Most major coins have recovered along with the market, although a number of smaller cap coins have outperformed. Accordingly, here’s our pick of the 5 best low price cryptocurrency to buy right now. This covers coins with good potential for above-average rises.

5 Best Low Price Cryptocurrency to Buy

1. Lucky Block (LBLOCK)

At $0.00535109, LBLOCK is up by 16% in the past 24 hours. And while it’s down by 12% in the past week, it remains 260% up in the last 30 days.

Lucky Block (LBLOCK) price chart - 5 best low price cryptocurrency to buy.

LBLOCK is also up by over 1,000% since becoming tradable at the end of January. Its rise is largely due to excitement over its native Lucky Block platform. Based on Binance Smart Chain, it’s a lottery platform guided by the philosophy of making lotteries more transparent and fairer.

The platform’s first draw will be held on March 25th, with regular draws following on from this date. Users can participate in each draw by spending LBLOCK to purchase tickets. Entrants have the chance to win 70% of each lottery’s jackpot fund, while all holders of LBLOCK will equally share 10% of each fund.

LBLOCK now counts around 42,900 holders. Lucky Block also recently celebrated it becoming the “fastest-growing cryptocurrency in history,” having reached a market cap of $1 billion in around three weeks.

LBLOCK is currently listed on PancakeSwap and LBANK Exchange. With more listings likely to soon follow, it could continue rising steeply. This is why it’s one of our 5 best low price cryptocurrency to buy right now.

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2. Waves (WAVES)

WAVES continues to rise in what is essentially a bear market. Its current price is $23.51, a 27% rise in the past 24 hours. The altcoin has also risen by 45% in the past week and by 172% in the past fortnight.

Waves (WAVES) price chart - 5 best low price cryptocurrency to buy.

WAVES’ indicators show some very strong momentum. Its relative strength index (in purple above) has risen to 70. Similarly, its 30-day moving average (in red) has jumped well above its 200-day average (in blue). This signals that it’s breaking out to a new level.

WAVES’ native platform, Waves, provides open‑source technologies to help developers build scalable Web3 apps. It’s undergoing a series of important developments this year, which accounts for why WAVES is rallying. Its biggest upcoming change is that it’s transitioning to Waves 2.0, which will introduce significant scalability enhancements. Waves DAO is also on the horizon, a decentralised autonomous organisation that will open its governance up to its community.

What’s interesting about WAVES is that, despite its recent strong surges, it’s still 45% down on its all-time high of $43.01. This was set back in May, but it may not be long before it’s broken.

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3. The Graph (GRT)

GRT is up by 8.5% in the past 24 hours, reaching $0.352159. It is, however, down by 6.5% in the past week and by 21% in the past month.

The Graph (GRT) price chart.

GRT’s indicators also suggest increasing momentum at the moment, with its RSI surging up to 70. Its 30-day average is also very close to forming a golden cross with its 200-day average. Doing this could indicate a breakout.

GRT is the native token of the Graph, an open-sourced protocol enabling users to collect, process and store data from various blockchain applications. GRT is staked by users of the protocol in order to retrieve and store information, and it has been rising recently in parallel with the growth of Web3 platforms.

The Graph continues to attract new adoptions and partnerships. Last month, it saw NFT-based game Nifty League migrate its data to the platform, while it also has witnessed significant usage with relation to AssangeDAO, which is raising funds in support of Julian Assnage’s legal defence.

It’s because of this growing usage that GRT has begun recovering from an 87% drop since reaching an ATH of $2.84 in February 2021. And because we expect it to continue rising, it’s one of our 5 best low price cryptocurrency to buy.

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4. Cardano (ADA)

At $0.806036, ADA is down by 1% in the past 24 hours. It’s also down by 16% in the past week and by 28% in the past month.

Cardano (ADA) price chart.

ADA’s chart shows that it has been slumping ever since September. However, with its RSI showing that it has been oversold for some time now, it could be a good time to buy.

There’s little doubt that ADA has some great fundamentals, even if it’s not being appreciated right now. Last month, ETP provider Valour announced that it’s launching ADA-based exchange-traded product on the Frankfurt Stock Exchange. This could open ip the ADA market to more liquidity and institutional interest, particularly when conditions become more favourable.

Looking to the future, Cardano could witness a huge explosion in use in the coming months. This is largely because the platform continues to see a rise in the number of apps and projects launching on its platform, with its total value locked in — which was non-existent a few months ago — reaching $165 million.

Buy Cardano Now

5. Loopring (LRC)

LRC is up by 5% in the past 24 hours, reaching $0.731081. That said, it’s down by 11% in the past week and by 24% in the past month. It’s also down by a whopping 80% since reaching an all-time high of $3.75 in November.

Loopring (LRC) price chart.

LRC’s indicators are beginning to reflect that it has risen by 5% in the past day. Its RSI has risen from a low of 30 to 60, indicating increasing momentum. Its 30-day average may be about to overtake its 200-day.

Regardless of whether a big rally is coming soon or not, LRC is a promising altcoin for anyone interested in a bargain. It has basically crashed since overheating in November, but the fact that its market became too hot doesn’t change the fact that it’s still attractive. And the fact that it has fallen so much could suggest it will rebound with corresponding strength.

Loopring is a layer-two protocol for Ethereum. It uses zero-knowledge rollups, and boasts of very low fees in relation to the competition.

According to Dune Analytics, Loopring has processed over 4.6 million transactions to date. This number is likely to only rise, with the platform recently rolling out the ability mint NFTs without having to pay for gas.

 

Buy Loopring Now

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