Investors are cautiously optimistic about the current market’s performance. Large-cap coins made a big jump to start the week and investors are still looking to buy some of the best penny cryptos to offer low-risk regards.
Below, we’ll share some of the best penny cryptos for investors looking to invest this week.
1. Lucky Block (LBLOCK)
First on our list of the best penny cryptos is LBLOCK. The asset was launched as the platform token for Lucky Block, and the markets’ reception for the coin has been impressive.
LBLOCK is the native token for Lucky Block – a blockchain gaming platform. The online game was built to bring innovation to how we interact with games online, with blockchain underpinning its operations. Thanks to blockchain application, Lucky Block offers proper transaction tracking and ensures that everyone has an equal chance of winning.
Everyone on Lucky Block can check the movement of transactions and verify that there’s been no foul play. And, the platform is open to players from around the world.
LBLOCK acts as a ticket for Lucky Block users. Anyone who buys the coin will be able to play any of the games available on Lucy Block. With the asset, the Lucky Block is able to achieve global acceptance.
Since its launch in January, LBLOCK has seen its price jump from a listing peg of $0.00020 to a high of $0.0096. The asset currently trades at $0.0039, which is still a massive jump from its listing price. Trading at $0.0046 right now, the coin is available at an impressive bargain.
It also helps that the Lucky Block developers are working on bringing several updates to the platform that should help improve accessibility. For instance, they recently announced LBLOCK V2, which is expected to enable seamless day trading without any excess taxation. The upgraded coin will also include a price booster mechanism that will open LBLOCK to Ethereum liquidity pools.
2. Dogecoin (DOGE)
Next on our list of the best penny cryptos is DOGE. The digital asset has made a name for being the most valuable meme coin, and its place in the market remains as solid as you’d expect.
DOGE has so far thrived due to its massive community, many of whom simply want to see its price jump. With such a strong fanbase, there’s no counting our DOGE at all.
DOGE is also perfect because meme coins tend to see the biggest percentage jumps. So, when the market flips bullish, we expect to see its price bounce significantly. Buying the coin now could easily put you ahead significantly.
And, it also helps that DOGE is starting to find a use case. Tesla has accepted the asset or payments at its official store, and AMC Theaters is working on launching payment support for DOGE.
3. The Graph (GRT)
The Graph isn’t exactly the most popular among blockchain projects. However, it has been especially impressive in its performance lately, and it appears to be primed for a major push soon.
The digital asset operates as an open-source project that allows users to collect, store, and analyze data from multiple blockchains. Originally built on Ethereum, The Graph looks to improve the ease with which people can harness data and use it to improve the efficiency of their decentralized applications (dApps).
Its GRT token has been on a roll recently, up 26% in the past week as Ethereum subgraphs on the platform are finally moving to its mainnet. Subgraphs are basically APIs that offer The Graph user access to data on the platform. Migrations to the mainnet are up 30% quarter-over-quarter, showing that The Graph’s ecosystem is gradually growing.
4. Harmony (ONE)
Harmony is a layer-two network built on the Ethereum blockchain. As expected, its goal is to enable the creation of dApps without having to deal with Ethereum’s latency and gas fees. The network applies sharding to help split the transaction load and provide a much better environment for developers to work and dApps to operate.
There hasn’t been much news from the Harmony blockchain, although this isn’t to say that the network hasn’t been expanding. In fact, Harmony expanded into the non-fungible token (NFT) space a few weeks back when it launched its Bored Ape Yacht Club Passport.
With ONE up by 5% in the past 24 hours, it is among the best performers in the market right now. We expect to see bigger gains as the Harmony network stabilises and grows.
5. Hedera Hashgraph (HBAR)
Rounding off our list of the best penny cryptos is HBAR – the native token for Hedera Hashgraph. Hedera is another new-generation blockchain platform that aims to present itself as an alternative to many other blockchain platforms. The blockchain touts its use of the popular Directed Acyclic Graph (DAG), which allows it to improve transaction speeds as more transitions are added to its network.
Recently, the HBAR Foundation – Hedera’s developers – announced a major $100 million climate fund. Called the Sustainable Impact Fund (SIF), the investment outlook to enable the creation of sustainable solutions within the Hedera ecosystem.
Blockchains are heavily criticized for being dangerous to the environment, and many of them have been looking to transform the operations to become more sustainable. With such a sizable investment, Hedera could see some impressive results over time in this regard.