The crypto market is experiencing a slight recovery after a dismal second week. Currently, the nascent industry is up 2.69% with a $1.3 trillion valuation. With the bulls slowly recovering lost grounds, investors are currently on the lookout for the best crypto to buy in the final week of May.
Are you on the lookout for the best digital assets? This article identifies potentially high-value crypto assets you can buy at a discount now.
1. Lucky Block (LBLOCK)
Our best crypto to buy is LBLOCK – the native token of the Lucky Block ecosystem.
Based on the Binance Smart Chain (BSC) network, Lucky Block aims to drive a new gaming ecosystem where players can participate in their favorite games without demographic or financial barriers.
Lucky Block features more draws than the traditional gaming space and offers instant payouts of winnings. LBLOCK fuels the ecosystem and is designed to replace the traditional ticketing system by providing a cryptographically-secure means for players to purchase gaming raffles with little interference from a centralised authority.
The platform charges a 10% levy for both buy and sell transactions. A portion is redistributed to all LBLOCK token holders.
LBLOCK has remained one of the top performers in an ultra-competitive crypto market. The digital token surged more than 4000% from its presale price of $0.00015 to hit a record high of $0.096 in mid-February. At press time, LBLOCK is trading at $0.0027, up 5% in the last 24 hours.
Yesterday, we were on top of Top Gainers list on @CoinMarketCap worldwide!
And you know what?
We’re still on the list, check it out and let us know if you can find us! https://t.co/ERDWWHrwJz
— Lucky Block (@luckyblockcoin) May 20, 2022
LBLOCK still offers a lot of potential and the current price peg of $0.0027 indicates that investors can buy the digital asset at a discount before a massive bull run.
Investors can swap their Binance Coin token for LBLOCK on PancakeSwap. Here’s a detailed tutorial on how and where to buy Lucky Block. The platform recently launched a fiat support for its token purchase. Also, the Lucky Block protocol is set to commence its much-awaited draw on the 31st of May, while the web app launch will commence on May 30.
2. Ethereum (ETH)
Ethereum is an extension of the decentralised financial solutions proposed by Bitcoin founder, Satoshi Nakamoto. The protocol offers smart contract functionality which allows developers to build decentralised applications (dApps) that powers numerous sub-sectors including the decentralised finance (DeFi) and the NFTs ecosystem. Today, there are numerous exchanges that allow you to buy Ethereum. Furthermore, many platforms now provide opportunities for risk-averse investors to earn interest on Ethereum.
At press time, Ethereum (ETH) controls more than 50% of these blockchain-based FinTech solutions, making it one of the best crypto to buy for the long haul.
However, Ethereum’s growth has been impacted by its reliance on the outdated proof-of-work (PoW) consensus mechanism. This has led to high gas fees and network congestion. The core development team have stepped up their efforts to transition to the much-awaited proof-of-stake (PoS) algorithm and recently earmarked August for the full switch to the PoS Beacon Chain.
Ethereum core Dev @preston_vanloon just said the eth merge is ready,they are now only testing, and expects the merge to happen in August. Packed room @Permissionless are excited about it. Great question @TrustlessState. Also on panel @drakefjustin pic.twitter.com/vX4beNatJ5
— Benjamin Cohen (benjicohen.eth) (@benjicohen421) May 19, 2022
At press time, ETH is gradually catching some much-needed tailwinds and is trading at $2,066, up 2.8% in the last 24 hours.
3. Binance Coin (BNB)
Binance Coin powers the world’s largest crypto exchange and has remained one of the top five most valuable crypto assets. Known by the BNB tag, the digital asset is employed as a discount token for trading on the Binance exchange.
However, BNB plays a far more critical role in the expansive fleet of Binance-generated crypto solutions. Today, there are many reasons why investors buy Binance Coin. BNB is useful in executing trades in the BSC network as well as the BNB Chain. The BSC network is fast becoming a hot zone for new crypto protocols to launch their projects.
Additionally, Binance recently announced the addition of Ethereum layer-2 scaling solution Optimism for ETH deposits and withdrawals. This would further open the exchange to top dApps in the crypto space while giving more utility to the BNB token.
— Binance (@binance) May 20, 2022
At press time, BNB is trading at $329, up 2.02% in the last day. This is following a growing bullish takeover of the crypto market.
4. Solana (SOL)
Solana is a strong alternative to the Ethereum network. Sporting a hybrid consensus mechanism comprising the PoS and proof-of-history (PoH) timing mechanism, Solana is currently the world’s fastest smart contract network with a base speed of 50,000 TPS.
The Solana network can currently handle 50,000 tps with 400 ms block times. This is enough to handle the global capacity of Visa. The ‘Break’ game was created to demonstrate just how fast #Solana is – play now and experience it for yourself https://t.co/VxyUk6RsYq
— Solana (@solana) August 27, 2020
This has served as the protocol’s launchpad to stardom and it currently offers one of the best crypto to buy for the long haul.
Also, Solana serves as a layer-1 smart contract protocol offering lower transaction fees as well as a highly efficient energy consumption framework. Solana has stolen the hearts of several crypto investors and its ecosystem has continued to attract several users.
— Matty Taylor (@mattytay) May 13, 2022
According to a tweet, the Solana DeFi ecosystem is showing impressive growth metrics. So far, the popular Ethereum killer has recorded 380% growth in its ecosystem.
At press time, the SOL token is making a comeback after hitting a week-long bottom of $43. The digital asset is currently trading at $53.7, up 5.13% in the last 24 hours.
5. DeFi Coin (DEFC)
DeFi Coin is a fully-focused DeFi-facing project and the native token of DeFi Coin.
DeFi Coin’s core mission is to onboard more users through education on the intrinsic opportunities available in the nascent sub-sector
The protocol is a community-driven fair-launched project and aims to reward users for holding its DEFC token for the long term. Token sales are taxed 10% with 5% redistributed to DEFC holders, while the other half goes to the liquidity pool. Want to learn more about DEFC? Read our in-depth guide on how and where to buy DeFi Coin.
So far, the DeFi Coin project has been focused on meeting its deadlines following the launch of its much-awaited DeFi Swap exchange.
‼️ If you haven’t already seen the news, or still doubting if it is true, well it is! We have successfully launched our #DeFiSwap platform!
— DeFi Coins (@DeFiCoins5) May 22, 2022
With this first iteration, users will be able to swap, participate in yield farming, and also deposit their DEFC tokens in liquidity pools. This month alone, DEFC has jumped more than 300% in two weeks pushing the digital asset to its previous high of $0.56. DeFi Swap’s token also presents a unique opportunity for investors to generate as much as 75% annual percent yield (APY) on their digital assets, making it one of the best defi staking platforms out there.
At press time, DEFC is trading at $0.30, up 4.76% in the last 24 hours.
6. Cardano (ADA)
The Cardano network has become a mainstay in the crypto space following a remarkable performance in the last leg of 2021. The ADA token powers the Cardano network which calls itself the third generation of blockchain protocols. According to principal founder, Charles Hoskinson, Cardano is meant to address the challenges older networks like Bitcoin and Ethereum are facing.
Its peer-reviewed approach to building a next-generation protocol is targeted at resolving the blockchain trilemma of decentralization, security, and scalability. With such lofty goals, Cardano is becoming a huge magnet to dApps. In a recent announcement, Unstoppable Domains recently added the ADA token to its list of supported digital assets. Investors are not left out. There are several opportunities for investors to earn interest on Cardano. With firms like Nexo and Binance promising as much as 8% per year.
At press time, the ADA token is seeing some bullish activities and is currently trading at $0.54, up 1.32% in the last 24 hours.
6 Best Crypto to Buy This Week Conclusion
This article has explored 6 best crypto to buy this week as the crypto market shifts into high gear. We have itemised a number of promising projects. This watchlist should help you lock in gains in the final week of May.
Our top choice for the best crypto to buy for more upside growth is LBLOCK. Trading at $0.0027, the digital asset presents a unique opportunity to buy at a discount and make profit once the bulls return.
Related Crypto News
Cryptoassets are a highly volatile unregulated investment product.