The crypto market has so far been dominated by a huge bearish trend recently, but investors are still looking for the top altcoins to buy this week as they hope to break from Bitcoin’s woes.
We have reviewed a list of top altcoins to buy this week for a huge bargain.
1. Lucky Block (LBLOCK)
Kicking off our list of top altcoins to buy this week is BLOCK – the native token for the Lucky Block project.
Lucky Block is a gaming platform looking to revolutionise the space entirely. The platform focuses on using blockchain technology to optimise the gaming experience, improving transparency and fairness across the board.
Lucky Block is also available to players worldwide, putting it in a good position to gobble up the multibillion-dollar industry.
Lucky Block launched LBLOCK in January 2022 as a means of allowing players to access its games. The token acts as a ticket, and holding it gives you access to all games available on Lucky Block.
After launching on PancakeSwap at a price of $0.0020, LBLOCK quickly gained massively and hit an all-time high of $0,0096 less than a month after.
The asset might have dropped to $0.0056 at the moment, but there’s no doubt that LBLOCK has a lot going on for it right now.
And there could be even more growth on the way – LBLOCK is gearing up to be listed on FTX and Binance, and the Lucky Block developers are also working on launching a mobile app for the game by March.
So, if you appreciate value crypto projects, LBLOCK is one coin you should be keeping an eye on.
2. XRP (XRP)
Next on our list of top altcoins to buy this week is XRP – the crypto industry’s standard for cross-border payments. XRP has had a pretty interesting time throughout February, with the asset able to primarily weather the storm.
The big news for XRP is the legal case between its developer – Ripple Labs – and the Securities and Exchange Commission (SEC).
The SEC has accused Ripple Labs of securities fraud, but Ripple has been fighting back pretty well. Now, the blockchain firm appears to have all of the momentum.
Speaking on the Thinking Crypto podcast, Anthony Robert Hall, a former director of policy at the SEC, expressed doubt over the agency’s ability to win this suit.
He explained that he’s not so sure about what the SEC is trying to prove, and the case might get dragged for so long that judges just toss it.
XRP investors also got a boost as the company filed an opposition to the SEC’s Motion for Partial Reconsideration and Clarification of the judge’s DPP Ruling.
An attorney claimed that the filing was “the hardest-hitting brief” on the SEC yet. As momentum continues to swing in Ripple’s direction, the asset’s prospects look more appealing.
3. Terra (LUNA)
LUNA is the next hit on our list of top altcoins to buy this week. The asset is backed by the Terra blockchain, making the rounds lately.
The biggest growth driver for Terra appears to have been the increase in activity across its ecosystem. Just last week, the Terra blockchain raised $1 billion through the sale of LUNA tokens, with buyers including major venture capital firms like Three Arrows Capital and Jump Crypto.
Tera also led the injection of $450 million in UST tokens into the Anchor protocol – one of the most popular protocols built within its ecosystem.
A lending protocol, Anchor, had seen its reserves dwindle as lenders swooped in and swallowed up the demand for borrowing.
By propping it up, Terra is ensuring that Anchor remains functional – and that this important part of its ecosystem stays afloat.
Even with the Ukraine conflict still raging, Terra’s LUNA token has managed to stay strong and weather the storm. The asset is up by 42.48% in the past week, and there is still a lot of momentum for it going forward.
4. Tezos (XTZ)
Tezos has always been a relatively popular blockchain – and its asset, XTZ, has also seen some gains over the years. This year, however, investors are especially excited about the prospect of Tezos growing even more.
In February, Tezos made a huge splash as it splurged on a sponsorship deal with Manchester United – one of the most recognisable brands in world football.
The deal – reported to be worth about $27 million annually – will see Tezos become Man. United’s Web3 partner. The company’s logo will also be displayed on the team’s training kits, and Tezos is expected to help launch the club into the metaverse to explore more fan engagement opportunities.
Interestingly, Man. United’s main rivals – Manchester City – are also making a foray into Web3 with a virtual replica of their Etihad Stadium. We’re pretty sure that United will want to do one better, and Tezos will be important in that mission.
Sports partnerships have always been a boon for crypto companies, and there is little to no doubt that Tezos will see a huge benefit from this deal. XTZ investors definitely have a lot to be excited about.
5. The Sandbox (SAND)
Last on our list of the best altcoins to buy is SAND – the native token for The Sandbox. Another metaverse project, The Sandbox has managed to capture the attention of many market participants.
The platform is doing pretty impressive numbers, and a slew of partnerships has also helped keep it relevant.
Recently, The Sandbox inked partnership deals with Warner Music and rapper Snoop Dogg. The former is especially impressive, with The Sandbox helping Warner to create a concert venue and music theme park within its metaverse.
With the music industry especially pivoting hard to Web3 technologies, we see a lot of growth for The Sandbox and SAND in the long run.
The Sandbox is also getting some attention from the fashion space. In February, iconic fashion house Gucci purchased land on the platform as it looks to improve fan engagement and release digital collectibles.
Everyone’s in love with the metaverse right now, and buying SAND is a great way to take advantage of that.
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