Despite gains in the past week, the crypto market has begun the week trading downwards. Most top coins are in the red presently, with investor sentiment mixed between optimism and pessimism. However, the market has continued to see growing activity.
Several coins are expected to be the major focus of investors this week. This article will explore the top cryptocurrency trending this week.
1. Lucky Block (LBLOCK): Green Light For Centralised Exchange Listings
The top cryptocurrency trending this week is LBLOCK. The crypto asset is the native token for the Lucky Block gaming ecosystem, and recent developments from Lucky Block itself have made it a very attractive coin for many investors.
Lucky Block is a global crypto games platform that launched in 2021. The platform provides an ecosystem of games, allowing players easy access to them using its native LBLOCK token. This means that players can buy Lucky Block to enjoy access to games, regardless of where they are from.
LBLOCK currently trades at $0.00087. This is a slight drop of 4.355 in the past week.
We believe that this is a good time to buy LBLOCK. After the audit and approval of LBLOCK V2 a month ago, Lucky Block’s developers have announced that the first centralised exchange to list LBLOCK will be LBank.
Attention #LuckyBlockArmy!! The news you’ve all been waiting for is coming…
The first of the #CEXs that will list our V2 token is LBank!
Can you guess which one will be next? ⬇️ You’ll get the answer next week! #CountdownToCEXs is on!! ⏰#cryptocurrency #listing pic.twitter.com/AyrFxtIahH
— Lucky Block (@luckyblockcoin) July 8, 2022
Lucky block’s developers also conduct regular prize pools and non-fungible token (NFT) draws. Tickets for the prize pools cost $1. However, the minimum amount of tickets investors can purchase is five tickets. However, LBLOCK holders with tokens valued at over $500 will be eligible for free tickets.
As for the NFT draw, the entry will be based on ownership of Lucky Block NFTs, Platinum Rollers Club, launched in February 2022.
Cryptoassets are a highly volatile unregulated investment product.
2. Ethereum (ETH): One Step Closer to the Merge
Our next top cryptocurrency trending this week is Ethereum.
The digital asset powers the Ethereum blockchain, which continues to be the most popular blockchain protocol. Like Lucky Block, Ethereum is currently amidst a massive upgrade that should see its functionality and the value of its native ETH token surge.
With a current trading price of $1,145, ETH is trading at a gain of 5.92% in the past week.
There are several reasons to buy Ethereum now. A prominent reason is the recent implementation of the blockchain’s Sepolia testnet. This successful implementation takes the blockchain closer to Ethereum 2.0 – the upgrade that should see Ethereum switch to proof-of-stake (PoS) consensus.
Thanks to everyone who watched the Sepolia merge livestream!!
The Sepolia merge transition went through successfully (and the chain finalized!) so now it’s time for monitoring over the next few days.
Then we merge Goerli…
…then mainnet
The Merge is coming
— sassal.eth (@sassal0x) July 6, 2022
The Ethereum 2.0 migration is expected to boost Ethereum’s functionality significantly, and it is a major bullish point for ETH.
Cryptoassets are a highly volatile unregulated investment product.
3. Cardano (ADA): A Major Boost from Vasil
Cardano is one of the oldest and most popular blockchains in the market. As a solid platform for developers to build on, several investors have chosen to buy Cardano.
At press time, ADA – Cardano’s native token – trades at $0.454. This is a drop of 2.17% in the past week.
Nevertheless, Cardano has been doing a lot of background development work. Last week, the blockchain’s Vasil hard fork launched on its testnet, completing work that started a few months ago.
We’re happy to report that today at 20:20 UTC the IOG team has successfully hard forked the #Cardano Testnet. This is an important next step in the journey towards the Vasil upgrade on mainnet.
1/10 pic.twitter.com/9F9vzec0pK
— Input Output (@InputOutputHK) July 3, 2022
Vasil is expected to boost Cardano’s scalability and drastically reduce transaction costs. It will be the biggest upgrade to the blockchain since last September’s Alonzo hard fork, which brought smart contracts to Cardano. Data from Santiment reveals that ADA whales scooped up about 79 million tokens over the past few days in anticipation of the hard fork, indicating massive demand for the coin and possible future price gains.
Cryptoassets are a highly volatile unregulated investment product.
4. Polygon (MATIC): Scoping up Terra’s Remains
Polygon is a layer-two blockchain protocol significantly growing as a standalone blockchain. The protocol provides easy access to the Ethereum blockchain, allowing developers to enjoy the blockchain’s resources while bypassing its transaction latency issues.
MATIC, the Polygon’s native token, currently trades at $0.552. This is a jump of 17.02% in the past week.
