The cryptocurrency market has been in a free-fall since the beginning of the year. Most cryptocurrencies have lost two-thirds of their value this year, and any chances of recovery have been futile, leading to experts concluding that the crypto winter is officially here.
However, amid the price dips, a few coins have performed well and continue to show promise of making additional gains. New promising projects have also been launched, presenting an opportunity for crypto investors.
Below is a list of some of the best cheap cryptocurrencies to buy in July 2022.
Battle Infinity (IBAT) – Best new crypto with a solid roadmap
The play-to-earn gaming space and the metaverse have not been spared from the crypto market recession. However, it remains one of the most promising sectors because of the potential for gains, as evidenced by past studies such as McKinsey’s that predicted that the metaverse will hit a $5 trillion valuation in the coming years.
Metaverse and crypto games projects with strong fundamentals could scoop a massive share of this valuation. Battle Infinity is a P2E blockchain gaming platform that has attracted the interest of gamers and investors. The Battle Infinity ecosystem enables players to generate rewards redeemed for real money.
The Battle Infinity ecosystem is powered by the IBAT token, which ranks as one of the best cheap cryptocurrencies. The presale for IBAT tokens commenced on July 11 and is scheduled to run for 90 days. The soft cap for this presale is 2000 BNB, while the hard card is set at 16,500 BNB. One can buy IBAT using BNB, and so far, 850 BNB has been raised. This is worth more than $211,000, which is an impressive amount, given the bearish conditions in the market.
The high buying interest for IBAT tokens despite the crypto winter is influenced by multiple factors. The first is the Solid Proof smart contract audit and the KYC verification of this project by CoinSniper.
Battle Infinity plans to be the next big thing in blockchain gaming, replicating the success of projects such as Axie Infinity, Decentraland, and The Sandbox. It will also offer a unique and better experience by offering multiple gameplay experiences to avoid the pitfalls of some P2E platforms.
Lucky Block (LBLOCK) – Best cryptocurrency in crypto gaming
The other best crypto to buy during the crypto winter is Lucky Block (LBLOCK). Lucky Block is one of the best metaverse coins to buy this month because of its potential for growth and rock-solid fundamentals and roadmaps.
Lucky Block is an NFT gaming platform that plans to revolutionize the legacy lottery sector. LBLOCK is bringing this space into the blockchain space to boost decentralization while promoting fairness and transparency.
LBLOCK is bound to make major gains in the coming days due to upcoming listings on centralized exchanges (CEXs). LBank has confirmed that it will support the Lucky Block V2 token towards the end of this month. The token’s second CEX listing will be on MEXC, where it will start trading on August 1, 2022.
LBLOCK investors might witness a bullish streak in the token’s performance this month. Token listings tend to trigger price gains, and as the Lucky Block team continues to explore more listings, an uptrend is highly likely.
Chiliz (CHZ) – Best cryptocurrency for exposure to sports
Over the past year, the sports industry has become quite invested in the cryptocurrency space, and Chiliz has been one of the platforms enabling this. The Chiliz cryptocurrency enables sports fans to gain unique experiences with their favorite teams.
The CHZ token is used to acquire fan tokens. Fan tokens give the holders special voting rights to their favorite teams, such as selecting the jerseys that their teams will wear. These fan tokens are bought through the Socios.com platform.
Chiliz has created a unique way for teams to interact with their preferred teams because before this, fans could only interact by watching games and buying merchandise. The CHZ token is around 50% year-to-date (YTD), but with the rate at which it is securing partnership deals, more gains will be realized. Some of the English Premier League teams that have partnered with Socios include Arsenal, Aston Villa, Everton and Crystal Palace.
The Sandbox (SAND) – Best cryptocurrency for long-term prospects
The other cheap cryptocurrency to buy during the ongoing bear market is The Sandbox (SAND). The Sandbox is an established metaverse and crypto games platform. In addition, its price currently sits at slightly above $1, and it might be one of the most undervalued cryptos to buy.
The Sandbox, alongside other platforms such as Decentraland and Axie Infinity, was among the first players in play-to-earn. The Sandbox land has also seen notable adoption from platforms that want to give their audience access to virtual spaces. The ecosystem has a valuation of $1.6 billion.
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- Roadmap & Whitepaper at battleinfinity.io
Source: https://insidebitcoins.com/news/best-cheap-cryptocurrency-to-buy-in-crypto-winter-july-2022