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5 Best New Cryptocurrency to Buy Now – August 2021 Week 4

08/26/2022
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The cryptocurrency market has posted a 1% gain in the past 24 hours. Its total cap now stands at $1.07 trillion, representing a 10% drop in a week. Few major coins have posted significant gains in this context, although a number of smaller altcoins have beaten the market. This article highlights some of them, rounding up the 5 best new cryptocurrency to buy now. This covers coins which have been tradable for less than a year.

5 Best New Cryptocurrency to Buy Now

1. Battle Infinity (IBAT)

Based on Binance Smart Chain, Battle Infinity (IBAT) is a play-to-earn crypto gaming platform that has sold out its presale within a couple of weeks. It has also just marked its first listing, on PancakeSwap. Having become tradable on August 17th, it rose by nearly 700%, from its presale price of $0.0015 to $0.011.

It has also announced listing on CEX LBANK Exchange, from August 26th onwards. Again, this speaks to just how quickly it’s growing, and may grow in the future.

There are various reasons why its launch is going so well. Most fundamentally, it’s because its native platform, Battle Infinity, is shaping up to be a sports-themed gaming metaverse. It will comprise a range of games, including the IBAT Premier League, in which users will build their own fantasy sports teams made up of NFTs of real-life athletes. Said teams will compete against each other, with winners receiving crypto-based rewards.

In time, Battle Infinity will also grow to incorporate other crypto and NFT-based games. On top of this, it will also involve competitive staking feature, its own DEX, and an NFT marketplace. These are ambitious designs, and they speak to why Battle Infinity has done so well in a short space of time, without even being fully launched yet.

2. Redlight Chain (REDLC)

At $6.35, REDLC is up by 32% in 24 hours. It launched only three days ago, meaning there’s no data for the past week or for longer timeframes. That said, since launching it has risen by 160%.

Redlight Chain (REDLC) price chart - 5 Best New Cryptocurrency to Buy Now.

Listed only on XT.com, REDLC is the native currency of Redlight Chain. The latter is an Ethereum Virtual Machine-compatible blockchain focused on DeFi. Its major innovation is that it offers a gasless blockchain, meaning no fees for transacting.

Aside from offering a more efficient blockchain, Redlight is also developing its own NFT marketplace and decentralised exchange (DEX). It also has plans to launch its own play-to-earn game (named Dusk) in the more distant future.

There’s not much else to say about REDLC at this early juncture, but it’s successful listing on XT suggests it could grow further. Redlight’s whitepaper can be found here for more technical details.

3. Lucky Block (LBLOCK)

At $0.00193182, LBLOCK is up by a whopping 330% in 24 hours. Its price also represents a 300% gain in a week and an 82% jump in a month.

Lucky Block (LBLOCK) price chart - 5 Best New Cryptocurrency to Buy Now.

This is a big jump, yet even with this momentum, LBLOCK is down by 80% compared to its all-time high of $0.00974554, set in February. In other words, it has plenty of room left to rise if it’s in the process of retracing its steps back up to its former ATH.

A big part of the reason why there’s expectation of an LBLOCK rally sooner or later is that it’s enjoying new exchange listings. Impressively, it will go live on Gate.io — the fifth-biggest exchange in the world — on August 25, a date brought forward from September 12. It has also seen its Ethereum-based V2 version of its coin listed by LBANK Exchange and MEXC Global, adding to its liquidity and accessibility.

 

More fundamentally, the Lucky Block crypto games platform successfully launched its prize draws at the end of May, and has been dishing out prizes ever since. It has also recently expanded its ecosystem to include various NFT-related competitions. For instance, users can purchase Lucky Block NFTs in order to enter draws for Bored Ape Yacht Club NFTs, $1 million in bitcoin, a luxury holiday, a FIFA World Cup package, and also a house worth $1 million.

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Given such developments, it’s likely that a big LBLOCK rally will come soon enough. This is why it’s one of our 5 best new cryptocurrency to buy.

4. ApeCoin (APE)

APE has risen by 2% in the past 24 hours, reaching $5.29. It is, however, down by 15% in a week and by 25% in the last 14 days.

ApeCoin (APE) price chart - 5 Best New Cryptocurrency to Buy Now.

APE’s indicators suggest it’s on an upswing. Its relative strength index (in purple) has moved beyond 60, signalling good momentum. Part of the reason for this momentum is that ApeCoin has just announced that BitPay will be offering APE as a payment option to all of its merchants and customers, something which may increase uptake of the altcoin.

APE is the governance token of the ApeCoin DAO, which oversees the Bored Ape Yacht Club NFT-based ecosystem. Aside from its BitPay adoption, it has also witnessed partnerships with other major names, including Tag Heuer and Gucci.

It almost goes without saying that these are significant endorsements for ApeCoin, and that they point to future expansion and growth.

ApeCoin has also been rallying in recent weeks due to the demoing of its upcoming metaverse, the Otherside. Its launch highlights how the Bored Ape Yacht Club is very likely to evolve well beyond being a trendy NFT collection. And with APE still 80% down from its all-time high of $26.70, set in April, it’s overdue a big recovery. This is why it’s one of our 5 best new cryptocurrency to buy.

5. Tamadoge (TAMA)

Running on Ethereum, TAMA is a deflationary meme coin that’s native to a pet-themed metaverse. It began its presale earlier this month, and has already raised $7 million, easily beating its $2 million target. That said, investors can still purchase TAMA tokens for ETH or USDT via its official website, although the presale ends in early September.

TAMA seeks to distinguish itself from other meme coins by basing itself on strong fundamentals. These come from its metaverse, which will offer play-to-earn dynamics and enable users to battle their Tamagotch-style pets against each other. In the process, they will earn rewards, while they’ll also have the opportunity to make a profit by selling their NFT-based Tamadoges.

TAMA has also confirmed its first exchange listing, which will be on LBANK once its presale ends. Others will soon follow, given how quickly things have moved forward for Tamadoge. Indeed, it has already accumulated over 47,000 followers on Twitter. Given that it opened its account as recently as July, this indicates serious growth. This is why it’s one of our 5 best new cryptocurrency to buy.

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Source: https://insidebitcoins.com/news/5-best-new-cryptocurrency-to-buy-now-august-2021-week-4-2