A few weeks ago, the global crypto market witnessed a downtrend. Now is the ideal time to buy the dip in the market. We’ve reviewed digital assets that fit the bill for the best ‘buy the dip’ cryptocurrency to invest in now.
1. Lucky Block (LBLOCK)
LBLOCK, the native cryptocurrency of Lucky Block, is our best ‘buy the dip’ cryptocurrency to invest in now.
Lucky Block held its much-anticipated jackpot and NFT prize draws yesterday. Superstar rapper Swae Lee picked the winning ticket and announced the winner of the NFT draw. Meanwhile, Lucky Block chose the winner of the main jackpot draw using the Chainlink Verifiable Randomness service.
NFT draw with @SwaeLee! 🎉
401 is a winner of NFT! 🚀
873541 is a winner of main jackpot! 🤩
Congrats to the winners and thank you all for participating! https://t.co/Scae1i3Rpx
— Lucky Block (@luckyblockcoin) May 31, 2022
The Lucky Block web app launched on May 30th. Also, investors can now buy Lucky Block on the website using cash via cryptocurrency wallets. Lucky Block commenced ticket sales for the draws on May 30th as well. By 10:00 am on May 31st, the platform had recorded sales of over 23,000 tickets.
Apart from this special event, the main prize draws will start on June 6th. Interested participants can purchase tickets through the Lucky Block web app.
For the regular daily jackpot game, LBLOCK holders can participate by locking in their tokens. A player will get 70% of the jackpot prize at the end of the game, 10% will be donated to charity, 10% will be invested in marketing, and 10% will be divided among all LBLOCK token holders based on the tokens they own.
Lucky Block, a modern game-centric crypto platform, is hosted on the Binance Smart Chain (BSC) network. By inventing a game system that allows all players an exceptional chance to win, Lucky Block works to encourage gaming transparency and fairness.
Furthermore, the platform wants to give back to the community and provide token holders with an appropriate investing strategy.
Lucky Block currently trades at $0.0020. Since last month, the crypto asset has seen an uptrend of 53.9%, indicating great potential. The digital asset is an investor’s dream due to its expanding popularity and long-term potential.
2. Fantom (FTM)
FTM, Fantom’s native token, comes next as the best ‘buy the dip’ cryptocurrency to invest in now.
Fantom is an open-source, decentralised smart contract platform for DApps and digital assets that serves as an alternative to Ethereum. By balancing three criteria, Fantom seeks to overcome the flaws of previous blockchain generations: decentralisation, scalability, and security.
Fantom’s native utility PoS token, FTM, is used for payments, network fees, staking, and governance in the Fantom ecosystem. FTM serves as the transaction’s backbone, facilitating fee collection and staking activities, as well as the associated user incentives.
Fantom has announced a partnership with Pierre Gasly, an exceptional Formula 1TM(F1) driver, to launch a first-of-its-kind NFT collection on the Fantom network.
Following Gasly’s debut 2021 NFT collection on Fantom, the Pierre Gasly helmet collection aims to provide fans and NFT enthusiasts with exceptional value by creating experiences not available to the general public and allowing fans to interact with the popular driver through a new medium.
The Pierre Gasly collection explores the innovative potential to encourage better access between athletes and fans, and further cements the crossover between the NFT community and mainstream sports, in conjunction with Fantom Foundation and premium NFT agency, Infinity NFT.
At press time, Fantom’s price today is $0.40. The digital asset slumped by 53.2% in the last month.
3. Tezos (XTZ)
XTZ, Tezos’s token, comes next on our list of best ‘buy the dip’ cryptocurrency to invest in now.
Tezos is a decentralised technology platform and cryptocurrency with formal verification and proof of stake (PoS) consensus. The formal verification and PoS allow developers to validate their code and stakeholders to vote on protocol improvements.
For dApp development, the computing platform provides a more scalable basis. Tezos’ future-proof architecture enables it to scale without needing a hard fork. Tezos’ high-performance and low-cost transactions also benefit users in the DeFi, NFT, and Metaverse ecosystems.
In Tezos, baking refers to the process of producing and verifying blocks. Staked XTZ tokens can be exchanged for XTZ tokens in compensation for creating and verifying blocks.
The crypto community continues to support the Formula One scene in various ways, from nonfungible tokens (NFTs) to fan tokens to multi-year agreements.
Oracle Red Bull Racing (ORBR) has teamed up with cryptocurrency exchange Bybit to introduce ORBR’s 2022 NFT collection, minted on the Tezos blockchain.
🤯 Something big is on its way …
💫 Find out more about this next level partnership with @redbullracing!
🎥 Catch the full film — out now on the Bybit Race Insider Page: https://t.co/wKhQa6uIqQ #TheSearchForTheNextLevel pic.twitter.com/l5aWurtkbL
— BYBIT 🦍 (@Bybit_Official) May 24, 2022
Bidders can collect digital treasures representing various parts of Red Bull’s past, present, and future as part of the limited-edition NFT collection, which is available through an online auction.
Tezos price is currently trading at $2.09. The digital asset has seen a 19.2% downtrend in the last 30 days, offering investors an opportunity to buy Tezos at a bargain price.
4. Polygon (MATIC)
Polygon’s token, MATIC, is next on our list of best ‘buy the dip’ cryptocurrency to invest in now.
Polygon is a sidechain or layer 2 scaling solution for the Ethereum blockchain, allowing quick transactions at low fees. The core component of the scaling solution, Polygon SDK, is a modular, flexible framework that can be used to create a range of applications.
Polygon is based on Ethereum’s main-chain proof-of-stake checkpoints and uses a customised version of the Plasma framework. The network claims that a single side chain can process up to 65,000 transactions per second (TPS) with a block verification time of under two seconds.
MATIC, Polygon’s native token, is an ERC-20 token that runs on the Ethereum blockchain. The tokens are used as a payment method on Polygon and as a means of settlement between users in the Polygon ecosystem. MATIC tokens are also used to pay transaction fees on Polygon sidechains.
Zoop is poised to debut its digital collectible trading platform powered by Polygon, led by a strong team of Web3 developers and former OnlyFans executives. Users can purchase, sell, collect, and exchange 3D digital playing cards of their favourite celebrities on Zoop’s platform.
Fans can purchase, sell, and trade cards and participate in competitions and challenges to earn points, which can be used to unlock unique prizes such as access to like-minded communities.
At press time, Polygon’s price is $0.64, offering investors an ideal opportunity to buy Polygon at a low entry price. The altcoin has slumped by 44.8% in the last month.
5. Dogecoin (DOGE)
Dogecoin (DOGE) rounds off our list of the best ‘buy the dip’ cryptocurrency to invest in now.
The cryptocurrency was designed to be a lighthearted alternative to other cryptocurrencies. Dogecoin has no limit on the total number of coins purchased. As a result, 10,000 new DOGE coins are minted per minute.
Although each coin is only a few cents, DOGE has surged in popularity to become one of the most valuable cryptos in market capitalisation, exceeding $50 billion in the year 2021.
Users have primarily used Dogecoin as a tipping technique to reward the creation or sharing of high-quality content on Reddit and Twitter. However, Elon Musk, the tech tycoon, said that SpaceX, like Tesla, will soon accept Doge as payment for items. Musk announced that users could use Dogecoin to purchase Tesla merchandise.
Tesla merch can be bought with Doge, soon SpaceX merch too
— Elon Musk (@elonmusk) May 27, 2022
Elon went on to say that SpaceX would follow suit in the not-too-distant future. He also suggested that “maybe one day” Starlink subscribers will be able to pay for their internet service subscriptions with DOGE. These use cases will garner mass adoption for DOGE and provide investors who buy Dogecoin an opportunity to gain.
Dogecoin is currently trading at $0.08. The meme coin has seen a downtrend of 37% in the last month.
Read More:
Lucky Block – Our Recommended Crypto of 2022
- New Crypto Games Platform
- Featured in Forbes, Nasdaq.com, Yahoo Finance
- LBLOCK Token Up 1000%+ From Presale
- Listed on Pancakeswap, LBank
- Free Tickets to Jackpot Prize Draws for Holders
- Passive Income Rewards – Play to Earn Utility
- 10,000 NFTs Minted in 2022 – Now on NFTLaunchpad.com
- $1 Million NFT Jackpot in May 2022
- Worldwide Decentralized Competitions
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
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