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5 Best Low Price Cryptocurrencies to Buy – August 2022 Week 1

08/02/2022
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The cryptocurrency market has fallen back down after a strong weekend. At $1.1 trillion, its total cap has dropped by 3% in 24 hours, but remains 9% up in a week. Most major coins have also recorded falls in the past day, yet some smaller altcoins have posted gains. At the same time, many promising alts remain drastically underpriced, meaning they have good potential for a strong rally. Accordingly, this article collects the 5 best low price cryptocurrencies to buy right now.

5 Best Low Price Cryptocurrencies to Buy

1. Battle Infinity (IBAT)

Battle Infinity (IBAT) is a new play-to-earn crypto gaming platform that has been enjoying a successful presale. Based on Binance Smart Chain, this sale began a few weeks ago and made the new alt available at $0.0015. It currently has 69 days left to run, yet it has already raised just over $1,000,000, with buyers spending over 4,000 BNB. Due to the success of the sale, BSC Scan reveals it now has around 3,200 holders, a number which has more than doubled in a week.

Battle Infinity is developing a sports-themed gaming metaverse. This will consist in various games, such as the IBAT Premier League. This will enable players to build their own fantasy sports teams, made up of NFTs representing real-life sportspeople. They win points — and IBAT tokens — based on the performance of their teams.

On top of the IBAT Premier League, Battle Infinity will also be adding crypto and NFT-based games, as well as a competitive staking feature, its own DEX and an NFT marketplace. These plans have helped it generate lots of hype, with the platform already trending on Twitter in numerous geographical areas. This is why it’s one of our 5 best low price cryptocurrencies to buy at the moment.

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2. Lucky Block (LBLOCK)

LBLOCK has dropped by 25% in the past 24 hours, falling to $0.00215340. However, this correction follows a massive rally for the altcoin, which is up by 115% in a week and by 138% in a month.

Lucky Block (LBLOCK) price chart - 5 Best Low Price Cryptocurrencies to Buy.

Thanks to its surge of the past couple of days, LBLOCK has now appreciated by just over 400% since launching in January. And there’s one primary reason for its sudden growth: the launch of the Ethereum-based, second version of its coin.

Already live on LBANK Exchange and MEXC Global, the V2 version of LBLOCK has already opened the coin up to more demand. This will increase in the coming months, as more exchanges list it.

If that weren’t enough, there are other fundamental reasons why LBLOCK should continue rallying. For one, Lucky Block expanded its ecosystem to include various NFT-related competitions. By purchasing a Lucky Block NFT, users will be able to enter different draws. This includes 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.

It’s also worth mentioning that Lucky Block’s NFT platform will also enable NFT holders to earn rewards in LBLOCK. On top of this, all holders of LBLOCK will be able to claim their share of 10% of each daily prize fund, simply by heading over to the Lucky Block web app and voting for a charity (which will receive an additional 10% of each fund).

3. Theta Network (THETA)

At $1.43, THETA has risen by 5% in 24 hours. It has also jumped by 22% in a week and by 20% in a month.

Theta Network (THETA) price chart - 5 Best Low Price Cryptocurrencies to Buy.

THETA’s indicators reveal plenty of momentum. Its relative strength index (in purple) has risen from 25 in mid-May to just over 60 today. Its 30-day moving average (in red) is still below its 200-day average (in blue), suggesting that there’s still plenty of space to rebound.

A decentralised video delivery network, Theta Network is rallying because of a combination of factors. On the one hand, it’s compensating for previous falls during the bear market. On the other, the market is beginning to price in the launch of the fourth version of its mainnet.

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Dubbed the Theta Metachain, it’s due to go live in the final quarter of the year. It has been designed to serve use cases related to Web3 and the metaverse, providing greater scalability than Theta’s previous versions and other chains. This is why it’s one of our 5 best low price cryptocurrencies.

4. Tamadoge (TAMA)

TAMA  is a new deflationary meme coin that has just begun its beta presale. It will serve as the native token of pet-themed metaverse when users can mint NFT-based pets and look after them. Running on Ethereum, its general presale ends in the final quarter of the year, with interested investors able to purchase TAMA tokens via its official website in exchange for either ETH or USDT.

TAMA promises stronger fundamentals and utility than previous meme tokens. This will come from its surrounding metaverse, which offers users some interesting play-to-earn dynamics. For example, players can battle their Tamadoge pets and earn rewards for doing so, while they can also ultimately sell their NFT-based Tamadoges.

Promisingly, Tamadoge has already amassed over 19,000 followers on Twitter. Given that it joined Twitter only in July, this is very good going, and suggests TAMA will attract plenty of buyers once it goes live.

Tamadoge – Play to Earn Meme Coin

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • NFT-Based Metaverse Game
  • Presale Live Now – tamadoge.io

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5. Polygon (MATIC)

MATIC is $0.860866 at the moment, representing a fall of 5% in 24 hours. On the other hand, the coin is up by 10% in a week and by 70% in a month.

Polygon (MATIC) price chart.

MATIC’s indicators suggest some very strong momentum. Its 30-day average is rising towards its 200-day, signalling that momentum will continue to push it upwards in the near future.

MATIC has benefitted in the past few weeks and days from upgrades to Polygon. In particular, the Polygon team announced the launch of Polygon zkEVM on July 20th. This is a layer-two scaling solution that uses zero-knowledge proofs and is fully Ethereum Virtual Machine-equivalent. In other words, it will be faster and more secure than many other scaling solutions, while it will also be compatible with a wider range of Ethereum-based applications.

By reducing fees and transaction times, the launch of Polygon zkEVM will increase usage of the layer-two network considerably. It’s already the sixth-biggest platform in crypto in terms of total value locked, but with the Merge likely to increase interest in Ethereum later in the year, it could grow even bigger. This is why it’s one of our 5 best low price cryptocurrencies to buy right now.

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Source: https://insidebitcoins.com/news/5-best-low-price-cryptocurrencies-to-buy-august-2022-week-1