Blockchain

5 Best Low Price Cryptocurrency to Buy April 2022 Week 1

The cryptocurrency market is more or less flat today. At $2.27 trillion, its total cap is up by a modest 0.4% in the past 24 hours, and by 16% in the past two weeks. Most major coins are moving in correlation with the wider market, yet a few smaller altcoins are posting above-average gains. This article collects the most promising of them in a list of the 5 best low price cryptocurrency to buy. These coins are moving strongly right now, while most of them also have the potential for longer term gains.

5 Best Low Price Cryptocurrency to Buy

1. Lucky Block (LBLOCK)

LBLOCK is down a little today, falling by 2.5% in the past 24 hours. However, at $0.00330724, it’s up by 15% in the past two weeks. And despite being down by 27% in the last 30 days, it’s up by more than 600% since launching at the end of January.

As the native token of the Binance Smart Chain-based Lucky Block lottery platform, LBLOCK has strong long-term prospects. Lucky Block will start holding its regular draws later this month, with holders of LBLOCK able to spend the altcoin to enter each draw. Entrants have the chance to win 70% of each draw’s fund, while all holders will equally share 10% of each fund.

Lucky Block has just officially launched its app on the Google Play Store. At the same time, its iOS has just been submitted for review at the Apple App Store. This means its platform will soon be accessible to millions of phone users.

Just as excitingly, Lucky Block is also about to hold its own NFT-based lottery draw. While smaller than its upcoming main draws, it’s still worth $1 million. This is another rollout that will help generate interest in Lucky Block, with LBLOCK now counting nearly 50,000 holders.

On top of this, the platform will also be launching an Ethereum-based version of its token. Again, this will help increase its uptake and adoption, which is why we’ve kept LBLOCK in our list of 5 best low price cryptocurrency to buy.

2. Celo (CELO)

CELO is up by 20% in the past 24 hours, at $4.87. This represents a 49% increase in the past week and a 70% increase in the past month.

Celo (CELO) price chart.

CELO’s indicators reflect its current rallying. Its relative strength index (in purple above) has risen from 40 to 80 in a couple of days. Likewise, its 30-day moving average (in red) is shooting above its 200-day average (blue).

The main reason for CELO’s surge is that Celo has announced a $20 million initiative to increase the development of on- and off-ramps for its platforms. As a layer-one proof-of-stake blockchain, such ramps should increase adoption of its network, which is used primarily for sending cryptocurrency payments via phones.

The announcement comes as part of its Celo Connect event, currently being held in Barcelona. This conference has also witnessed additional Celo-related announcements, including a FiatConnect API that will make it easier for payment providers to integrate crypto transfers.

Together, such reveals show that Celo is growing fast, with the two-year old platform now boasting over $600 million in total value locked in.

3. Dogecoin (DOGE)

DOGE is up by 5% in the past 24 hours, reaching $0.150702. It’s up by this same percentage in the past week, and by 26% in the past fortnight.

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Dogecoin (DOGE) price chart - 5 best low price cryptocurrency to buy.

DOGE’s indicators show a good rally and a possible breakout. This is largely because none other than Elon Musk has been up to his old tricks. The Tesla CEO recently purchased a 9% stake in Twitter, worth around $3 billion. Given his long-running association with Dogecoin, part of the market obviously thinks this is good for DOGE.

If nothing else, Musk’s stake in Twitter commits him to remaining on the platform, where he’ll potentially continue to promote DOGE via tweets. Tesla has enabled the use of DOGE as payment for its merchandise in recent months, so arguably nothing is off the table.

And aside from Musk’s occasional boosting of DOGE, the altcoin itself continues to have a strong community. Its Reddit page has 2.3 million subscribers, while its Twitter has 3.1 million followers. With such numbers primed and ready to jump on a rally at a moment’s notice, you can never discount DOGE.

4. Zilliqa (ZIL)

ZIL is down by 11% in the past 24 hours, at $0.137509. However, it remains up 40% in the past week, and by a whopping 240% in the past month.

Zilliqa (ZIL) price chart.

ZIL may have lost in the short-term, but with longer term momentum still behind it, this dip offers a great chance to buy a rising coin at a discount. Its RSI shows that it’s now being oversold, and that it could be due for a rebound soon.

And looking at the bigger picture, ZIL is set up very nicely. It has been rallying in recent days mostly because of the imminent launch of Zilliqa’s metaverse, Metapolis. This is a metaverse-as-a-service platform, meaning that other companies and projects can use it to build their own virtual worlds and experiences.

Hype surrounding Metapolis has been amplified by a number of recent partnerships. Zilliqa recently teamed up with talent awards app Agora, while it has also partnered with fiat-to-crypto onramp provider Ramp. This is likely only the sign of more things to come.

 

5. Polkadot (DOT)

At $22.94, DOT is up by 2% in the past 24 hours. It’s also up 4.7% in the past week and by 32% in the last 30 days.

Polkadot (DOT) price chart.

DOT’s indicators reveal that it’s in the process of gradually gaining momentum. While its 30-day average has recently overtaken its 200-day, it hasn’t really taken off. However, this could be only a matter of time.

Indeed, it continues to hold auctions for parachain slots on its main network. The 13th such auction has recently been held, with decentralised cloud service Phala Network winning it.

That 13th auctions have now been win suggests that Polkadot will begin gaining critical mass and momentum. It has recently posted a total value locked in for the very first time. And while the amount is small ($4.2 million), it has risen by around 1,000% in just over a week. This speaks to how fast the layer-one blockchain could grow, and it answers why DOT is one of our 5 best low price cryptocurrency to buy right now. It’s due a big rally sooner or later.


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