The crypto market is currently struggling with bears. While several investors hope for the bulls to return, savvy investors know that this is the best time to identify coins to buy for upturn in the coming months.
This article will explore some of the most promising coins to add to your portfolio.
1. Lucky Block (LBLOCK) – Revolutionary Gaming Token
Lucky Block is our top pick for coins to buy for upturn in this bearish season, and this is for multiple reasons. For one, Lucky Block is a gaming platform redefining the online gaming space. The Binance Smart Chain (BSC) based protocol is out to engender transparency and fairness. To help with this mission, Lucky Block uses the industry-leading service Chainlink Verifiable Randomness (VRF) framework. This ensures that all winning numbers are not influenced in any way, internally or otherwise.
Besides this, Lucky Block has also created a structure for rewarding long term holders of its LBLOCK token. The first is a 12% tax levied on token sales. This fee is redistributed 50-50 between LBLOCK token holders and its liquidity pool. Another is derived from the 30% fee paid by all jackpot winners. 10% is separated and given to all LBLOCK holders with respect to how much of the token they hold. This way, investors can earn interest on LBLOCK and also generate a stream of passive income from their tokens.
Lucky Block recently began its daily draws. Users can participate by buying $5 worth of LBLOCK tokens. To kickstart the event, the gaming platform launched the main draw event. Ticket sales for the event were pegged at 23,000 users, showing that many investors are keen to buy Lucky Block. Two winners won $1 million each in LBLOCK tokens payable daily.
Only 1 day until the first daily draw! ⏰
Monday, 6th of June at 8pm BST
Get your tickets now at https://t.co/ZG3icHqoL0 ️ pic.twitter.com/0qQ4CkvqqF
— Lucky Block (@luckyblockcoin) June 5, 2022
At press time, LBLOCK is trading at $0.0013, up 21% in the past month. Launched in late January, LBLOCK has shown a lot of promise as the digital asset surged 4,000% from a presale price of $0.00015 to $0.096 in a month. This points to the fact that Lucky Block is one of the next cryptocurrency to explode in the coming months.
Cryptoassets are a highly volatile unregulated investment product.
2. Celo (CELO) – Smartphone Blockchain Protocol
Celo ranks second for coins to buy for an upturn.
The Celo blockchain is a top crypto project that is well known for its core mission. According to the development team, Celo aims to make cryptocurrencies accessible to smartphone users — this has driven the development of the platform.
The protocol is easy-to-use. It replaces cryptographic wallet addresses with a user’s mobile number, making it easy for anyone to send and receive digital assets. Celo blockchain is also fully integrated with the Ethereum Virtual Machine (EVM), which means users can tap into the Ethereum network’s vast decentralised finance (DeFi) resources.
Given its strong appeal, multiple platforms are adding support for its native CELO token as well as its fiat-backed stablecoin cUSD. According to a recent tweet, popular Bitcoin exchange, Huobi Global has added trading pairs to the cUSD token. Strong integrations have spurred investors to buy Celo due to its growing relevance.
New listing!https://t.co/IAXgr4ssXd
— Celo (@CeloOrg) June 3, 2022
At press time, CELO is trading at $1.261, down 45.2% in the past month.
Cryptoassets are a highly volatile unregulated investment product.
3. Solana (SOL) – Scalable Blockchain Network
Launched in 2017, Solana is a top layer-1 smart contract network. The blockchain protocol is known for its high-performance architecture which sports a Proof-of-Stake (PoS) and Proof-of-History (PoH) timing mechanism. This allows the Ethereum rival to record over 50,000 transactions per second (TPS), making it the fastest blockchain protocol.
Solana’s advantage has been further increased due to its low-fee structure, which is less than a dollar. Looking to attract more decentralised application (dApp) builders, the foremost decentralised oracle network (DON), Chainlink, recently launched on the Solana mainnet. According to the tweet, developers on the Solana blockchain will now be able to access real-world information to better build scalable and secure dApps.
#Chainlink Price Feeds are now live on @solana mainnet!
With Chainlink oracles natively integrated on #Solana’s high-speed #blockchain, developers now have access to the most proven oracle infrastructure for building secure and scalable #Web3 apps.https://t.co/13LPoLVdFE
— Chainlink (@chainlink) June 3, 2022
Solana’s native token, SOL, has borne the brunt of the crypto crash. It dipped 48.55% in the past month. At press time, SOL is still struggling with the bears and is trading at $38.56.
Cryptoassets are a highly volatile unregulated investment product.
