As retail investors gradually disappear from the crypto market, long-term investors are looking for the best cryptocurrency to buy for future high returns. These digital assets are known to post consistent returns in the long term.
Business 2 Community picked 5 cryptocurrency we determine to have the potential to deliver on the promise of blockchain as distributed ledger technology.
The LBLOCK token from Lucky Block is our top pick for the best cryptocurrency to buy for future high returns. The project which was founded in 2021, is an innovative blockchain-based lottery gaming platform. In a nutshell, the Lucky Block lottery ecosystem stands out from conventional operators with respect to gaming networks.
LBLOK/USD Chart
Source: CoinMarketCap
Lucky Block revolutionizes the online gaming industry with its appeal stemming from the user investment structure, goverance model, and the potential for long-term “hodlers” to profit from the jackpot winnings.
Lucky Block allows for many drawings per day, increasing the chances of winning for the players at reduced gaming costs. The network utilises distributed ledger technology (DLT) to deliver faster payouts and thorough documentation and verification. Also, Lucky Block uses Chainlink VRF to provide a reliable source of randomisation.
To compete in the daily jackpot, players are required to lock in their LBLOCK tokens. At the end of each game, the winner of the received 70% of the jackpot, 10% is given to charity, 10% is spent on promotio, and 10% is distributed to all LBLOCK holders based on the number of token they have.
Living up to their word, Lucky Block Crypto, potentially one of the best Web3 and NFT projects to invest in now, gave away LBLOCK tokens with $1 million on Tuesday 31 May in its inaugural jackpot draw.
The winner of the jackpot reached out to Lucky Block to express his joy and gratitute and, from what the company posted on Twitter today, he still can’t quite believe that he is a millionaire.
Winner of the $1,000,000 #NFT draw gave us the testimony, check it out! ⬇️https://t.co/HtKhywDV3j
Check it out #NFTcommunity #NFTs #NFTnews
— Lucky Block (@luckyblockcoin) July 1, 2022
Although the winner requested to remain anonymous, it has been established that he is an Italian nationa who runs a cafe in London.
This is a “chance to change my destiny’ theItalian cafe manager told the gaming firm.
“I don’t have the words to describe what really happened that night. I couldn’t believe it and for the first few hours still couldn’t realise that the number was mine. It is an unbelievable feeling. I never really felt [I could] be so lucky [as] to be able to win. I never ever believe in any lottery as they always seem to be some sort of corruption in them. I always thought the winners were set up, agreed in advance.”
The lucky winner started receiving his daily payments shortly after the draw took place – the $1 million is paid out over 365 day
Following this amazing story, Lucky Block players can now be sure that all gaming outcomes are random and legitimate. Moreover, as Lucky Block operates on top of the Binance Smart Chain, this means that players from all over the world can access its lottery games. This is in stark contrast to how traditional operators run – which limits lottery games to citizens of specific countries.
Lucky Block continues to attract seasoned crypto users and individuals from traditional gaming platforms who are attracted to the project’s free entrance and crypto-specific transparency benefits. Investors can now buy Lucky Block with fiat currencies on the website using crypto-wallets.
At press time, LBLOCK trades at $0.00098, up 2% in the last 24 hours, indicating great potential.
Cryptoassets are a highly volatile unregulated investment product.
Another asset among the best 5 cryptocurrency to buy now for future high returns is DeFi Coin. As the name suggests, DeFi Coin is a cryptocurrency token that is firmly ingrained within the ever-growing decentralized finance (DeFi) sector. It is the native token to the new DeFi Swap decentralized exchange (DEX), which offers valuable swapping, staking, and yield farming services. DeFi Swap also has some of the best DeFi interest rates for those who hold DEFC tokens.
Although DeFi Swap has been in development for months, the team behind the exchange finally gave the go-ahead to launch in early May, which prompted the DeFi Coin (DEFC) price to surge by over 300%.
With such strong performance, more is set to come as DeFi Swap rolls out its feature set, including automatic liquidity pools and 10% tax levied whenever someone buys or sells DeFi Coin. From the collected amount, 50% is distributed back to DEFC holders as a reward, providing a regular passive income stream. The other 50% is placed back into DeFi Swap’s liquidity pools, helping boost liquidity automatically. Investors are also attracted to the crypto due to other exciting use cases, including ‘static rewards’ for holders.
DEFC Price Chart
Source: CoinMarketCap
The creators of DeFi Coin burned all of their tokens at launch, indicating that this is not a ‘get rich quick’ scheme, which has been the case with many other projects. Given these characteristics, DeFi Coin has already garnered significant attention on social media, with the token now available to purchase through the leading cryptocurrency exchange, BitMart.
The DeFi Coin team has many improvements in linedup, such as DeFi Swap V2, which will feature functionalities such as technical analysis, webinars, news, and more. A DeFi Swap app is also set to be launched later this year, which will provide users with educational content. Combine these exciting plans with the growing numbers of followers on the DeFi Coins social media platforms, and it’s clear to see why DEFC is one of the best DeFi coins is one of the best cryptocurrency to buy in 2022.
If you’re looking to buy DeFi Coin today, you can do so by following the followig simple steps:
You can also acquire some DEFC through by downloading the best DeFi app oand follow the instructions.
At press time, DEFC trades at $0.1393, up 4.23% in the last 24 hours. However, the digital asset has seen a drop of 7.72% in the past 7 days, providing a great buying opportunity.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
One of the best cryptocurrency to buy for future high returns in 2022 is the Sandbox (SAND). The play-to-earn (P2E) cryptos in the metaverse are set to become maionstream projects powered blockchain technology. The Sandbox is one of the most intriguing projects in the space.
If you are new to the industry, metaverse largely refers to an immersive 3D virtual environment. Whilst these have existed for a few years now, they are expected to become increasingly more important in the new technological dispensation.
The Sandbox’s virtual reality world allows users to build, interact, create and trade. In a sense, it is similar to mainstream games like Minecraft, but with limiytless possibilities. Within the Sandbox, it is possible for users to build marketplaces, develop their own games and create in-game buildings and venues and, best of all, they don’t need high-level coding knowledge to do so. If the concept of metaverse really takes off, then buying SAND in 2022 could be a smart investment.
SAND/USD Chart
TradingView Chart
At $1.083, SAND has risen by 15% in a day. It’s also up by 7.34% in a week and by 34% in the past 14 days. That said, it is down by 25% in a month and 68% off over the past quarter.
The Sandbox bulls appear to be fighting resistance from the 50-day Simple Moving Average (SMA) positioned at $1.18. If SAND is rejected from thai level, it would drop firts toward the $1 psychological level and then toward the $0.73 support floor. This area provides an opportunity to buy Sandbox at a discount, increasing the chances of ripping great returns.
The recent strength displayed by SAND price action could be attributed to the opening of a bridge between the Sandbox and layer-two platform Polygon. This enables Sandbox users to transfer LAND non-fungible tokens (NFTs) and SAND tokens to (and on) Polygon, at lower costs and with improved efficiency.
We are ready to deploy LAND to @0xPolygon
Each LAND bridged grants a 10 mSAND cashback!
LAND multipliers on both mSAND staking programs are back!
LAND sales and LAND staking features (on Polygon) are coming soon!
BRIDGE NOW ➡️ https://t.co/jlcSKxuBWh pic.twitter.com/1tuAAsqEZP
— The Sandbox (@TheSandboxGame) June 28, 2022
It is also worth noting that the Sandbox racked up around $350 million in sales of virtual land in 2021, the highest among metaverse platforms. This highlights the project’s potential, and also why we’ve included it among our 5 best cryptocurrency to buy for higher returns in the long-term.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
STEPN (GMT) has enjoyed mass adoption and diverse appeal in record time across the world with some people using it as a gateway into the crypto space. The web3 platform brings together key emerging digital trends including the metaverse. And it is said to stand out for how simple the platform has been developed, thus ensuring inclusivity.
STEPN’s GMT was coiling up as it consolidated inside a symmetrical triangle as shown on the daily chart (below). This meant that the price volatility was decreasing with no directional bias from the token. This indecision was validated by the sideways movement of the RSI close to the midline. The price strength at 47 suggested that buying and selling pressure were balancing out.
Therefore, if STEPN favored the buyers, it would rise above the triangle’s descending trendline to tag the optimistic target at $1.92. This would represent a 134% upswing from the current price.
GMT Price Chart
TradingView Chart
Should GMT favor the bears, it would drop below the triangle’s support line at $0.79 to reach the bearish target of the prevailing chart pattern around $0.256. If buyers establish support here, the price would form a local bottom before starting an uptrend.
Much of the hindwinds could come from the latest developments with the move-to-earn (M2E) ecosystem. The project has been working on an NFT project called APE sneakers. The firm announed in a Twitter post on July 1 the APE sneaker drop was et to begging giving rules to be followed.
1/8
As promised, we are set to unveil more details about our Realm 3. This thread is about #STEPN Realm 3 and the new APE Sneaker drop rules: pic.twitter.com/LYE0u1kfq6
— STEPN | Public Beta Phase IV (@Stepnofficial) July 1, 2022
According to the announcement, both STEPN Genesis Sneaker holders and BAYC holders are eligible for an OG APE Shoebox drops on Realm 3 built on the Ethereum blockchain. The post also revelaed that BAYC holders can mint an OG APE Shoebox for FREE on STEPN’s upcoming new website for a limited time, warning users to be wary of scammers.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
ApeCoin is one of the most popular and cheap crypto coins in the market today. This means that it has the potential to make X10 or even X100 gains once the market recovers. This puts it on our list of best cryptocurrency to buy for high returns.
Investors should note that penny cryptocurrencies that draw hype tend to outperform other assets in the market. APE is the governance token for the Ape DAO, which runs the trendy Bored Ape Yacht Club line of NFTs.
ApeCoin is one of the best-performing crypto coins to buy today. It is up 5% in the past 24 hours and 8% over the last week. Its market capitsalisation is also up 5% over the same period to to $1.33 billion.
Although the technical set up is now encouraging at the moment, the price sits on strong support around the $3.11 level. Even though the price could turn down from the current level, it would find support from the aforementioned level.
The ensuing demand pressure is likely to take APE higher toward the 50-day SMA at $5.87. A breach of this level could see the NFT coin rise to retest the $9.63 range high.
APE/USD Chart
TradingView Chart
More hindwinds may come from the rumors that the Bored Ape Yacht Club will be launching a Metaverse, and ApeCoin will be used as the currency of transaction in it.
APE is an ERC-20 token that developers utilize to empower and incentivize decentralized community building at the forefront of Web 3.0. It also solves one of the crucial issues that DAOs face today by enhancing community participation.
Another key factor could bolster ApeCoin bulls in 2022 the DAO’s plans to integrate into p2e games developed by the Ubisoft-backed Animoca Brands. In addition, the crypto would also be integrated into an upcoming game developed by nWay, a subsidiary of Animoca. If these integrations become successful, Bored Ape will create a unique brand name in the market, and APE crypto is set to rise with it.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
Next 10x Crypto – Lucky Block (LBLOCK)
- Listed on LBank, Pancakeswap – Trending in 2022
- Crypto Games Platform – luckyblock.com
- Donations to Charity
- Free Ticket to Jackpot Draws
- Passive Income Rewards
- Worldwide Competitions
- 10,000 NFTs Minted – nftlaunchpad.com
Next 10x Crypto – Lucky Block (LBLOCK)
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This article was written for Business 2 Community by Nancy Lubale.
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Nancy is a successful finance, crypto analyst | Researcher and blockchain writer with many years of writing experience finance and blockchain fields. Nancy has been producing quality content for websites in the cryptocurrency industry including Vauld Insights, Coingape, Forexcrunch, InsideBitcoins and Economywatch. Her interests are in crypto asset research and… View full profile ›
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