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5 Best Low Price Cryptocurrency to Buy – August 2021 Week 4

08/23/2022
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The cryptocurrency market has risen a little after a difficult few days. Its total cap now stands at $1.07 trillion, representing a movement of 1.5% in 24 hours and of – 10.9% in a week. Numerous major coins are up by bigger percentages in the past day, while a handful of cheaper altcoins have posted double-digit gains. We therefore collect the 5 best low price cryptocurrency to buy right now in this article. We also explain why these coins deserve attention.

5 Best Low Price Cryptocurrency to Buy

1. Battle Infinity (IBAT)

Battle Infinity (IBAT) is the new play-to-earn crypto gaming platform that has been generating plenty of hype since selling out its presale early. Running on Binance Smart Chain, it has just celebrated its first listing, which happens to be on PancakeSwap. It became tradable on August 17th, with reports suggesting that it rose by nearly 700%, from its presale price of $0.0015 to $0.011.

Its early success follows from numerous factors. Its native platform, Battle Infinity, is developing a sports-themed gaming metaverse. The latter will include a variety of games, such as the IBAT Premier League, which enables players to create their own fantasy sports team. Made up of NFTs representing real-life athletes, such teams will compete against each other, potentially earning their owners crypto rewards.

Battle Infinity will also offer other crypto and NFT-based games, as well as a competitive staking feature, its own DEX, and an NFT marketplace. In light of how quickly its presale sold out, we expect it to do well out of its PancakeSwap listing. This is why it’s in our list of 5 cryptocurrency that could see a price boom this weekend.

2. The Graph (GRT)

At $0.111611, GRT is up by 9.5% in 24 hours. It is, however, still down by 17% in a week, as well as by 25% in a fortnight.

The Graph (GRT) price chart - 5 Best Low Price Cryptocurrency to Buy.

GRT appears to be regaining momentum after the recent downturn. Its relative strength index had dropped to around 35, indicating overselling. But now its rising again, while its 30-day moving average (in red) has begun pointing up towards its 200-day average (in blue). Assuming the right market conditions, this signals a recovery.

GRT is the native token of the Graph, a layer-one blockchain for Web3 applications and data. The Graph undertook a migration of Ethereum-based data to its network in previous months, and now its gearing up to integrate with another blockchain. It will reveal the identity of this chain in three days, and anticipation of this reveal is largely responsible for its recent rally.

What this integration means is that blockchain data — from Ethereum and then the next chain — can be read and accessed directly via the Graph. This data can be queried by applications and users without having to rely on a centralised service provider, something which is essential if Web3 is to be decentralised.

Given growing adoption of the Graph, and given increasing hype surrounding Web3, we expect GRT to continue doing well this year. This is why it’s one of our 5 best low price cryptocurrency to buy.

3. Lucky Block (LBLOCK)

LBLOCK is $0.00045253 at the moment, representing a 77% fall in 24 hours. Despite this sudden drop, it happens to be up by 7% in a week, while down by 57% in a month.

Lucky Block (LBLOCK) price chart.

LBLOCK happens to be down by 95% compared to its all-time high of $0.00974554, set in February. Still, it is up by 19% from an all-time low set four days, with the volatility following from new exchange listings.

Despite its recent listing on a couple of centralised exchanges, its gradual accumulation of new listings will stabilise its market. Most significantly, it will go live on Gate.io — the fifth-biggest exchange in the world — on August 25, a date brought forward from September 12. This will pave the way for further listings, which will eventually help its market mature and grow more consistently.

 

There are various reasons to be confident that LBLOCK will steady its ship. Not only did the Lucky Block crypto games platform successfully launch its prize draws at the end of May, but it has recently expanded its ecosystem to include various NFT-related competitions. By purchasing a Lucky Block NFT, users will now be able to enter a range of prize draws. This consists in 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.

In light of how its ecosystem is expanding, it’s likely that LBLOCK will rally again. This is why it’s one of our 5 best low price cryptocurrency to buy.

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4. Polkadot (DOT)

At $7.57, DOT has risen by 6% in 24 hours. On the other hand, it’s down by 14% in a week and by 18% in 14 days. It’s up by 3% in a month.

Polkadot (DOT) price chart - 5 Best Low Price Cryptocurrency to Buy.

DOT is another coin recovering from a bout of overselling. Its RSI is moving up, as is its 30-day moving average. Of course, this is a tentative recovery, and probably depends on wider market and macroeconomic conditions.

Still, DOT is a fundamentally strong altcoin. It remains underappreciated, but it has been steadily building out its network during this year’s downturn. Most notably, the layer-one blockchain has just completed its 24th parachain auction. Such auctions decide which projects will join the overall Polkadot network, with Polkadot itself acting as this network’s central relay chain. By structuring itself in this way, Polkadot aims to be a vastly more scalable network than many of its peers.

And at a time when the energy intensiveness of chains is becomingly an increasingly important issue, Polkadot will also be much greener than most of its peers, given how energy efficient it is.

It’s worth pointing out that, with the growth in its parachains, Polkadot is amassing more total value locked in. This indicates how much activity is actually taking place on its network, with its parachains holding around $200 million, according to DefiLlama. This is good going for a network that didn’t have any value locked in at the end of last year.

5. Tamadoge (TAMA)

TAMA is a deflationary meme coin that kicked off its beta presale earlier this month. Running on Ethereum, it will be the native token of a pet-themed metaverse where users can mint NFT-based pets, nature them and battle them with each other.

Its presale ends in early September, with interested investors able to purchase TAMA tokens via its official website in exchange for either ETH or USDT. Impressively, it has already raised $7 million, eclipsing its target of $2 million.

In contrast to many other new meme coins, TAMA promises strong fundamentals. This will come from its surrounding metaverse, which will offer play-to-earn dynamics. For instance, players will be able to battle their Tamadoge pets and earn rewards for doing so, while they can also sell their NFT-based Tamadoges.

TAMA has also confirmed its first exchange listing, which will be on LBANK once its presale ends. Such listings are usually a good opportunity for presale buyers to make a quick profit, so now may be the time to swoop in, before things get a little volatile.

Encouragingly, Tamadoge has already accumulated over 30,000 followers on Twitter. Given that it opened its account as recently as July, it suggests serious traction, which is why it’s one of our 6 best meme coins to buy.

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Source: https://insidebitcoins.com/news/5-best-low-price-cryptocurrency-to-buy-august-2021-week-4