Jimmy Aki
The crypto market is slowly rebounding after a slow start to the year. The nascent industry is currently posting bullish signs with a 2.26% growth in the past day. Crypto influencers are currently piling on the best projects as the bulls return to pasture. This article considers the best altcoins crypto influencers are currently plugging into and their long term potential.
1. Lucky Block (LBLOCK)
Lucky Block is a crypto platform that has since become a popular feature online and in the crypto space. The platform’s native token LBLOCK is at the top of the list of best altcoins crypto influencers are investing in this year.
Lucky Block is an all-encompassing gaming protocol that aims to promote transparency and fairness in the online gaming industry. Based on the Binance Smart Chain (BSC) network, investors can buy Lucky Block to tap into their favourite games without location and financial barriers.
The platform operates in a decentralised structure while increasing the possibilities of users’ hitting the jackpot, with more draws than in the traditional lottery industry. Lucky Block also offers its native token holders the ability to generate income from their tokens.
The platform charges 30% on jackpot winnings and distributes this 30% equally across charity courses, token holders, and the protocol’s liquidity pool. This way, LBLOCK token holders get to earn additional income relative to how much of the token they hold.
LBLOCK has been a standout star in the crypto space this year. The digital asset has surged more than 4,000% from its presale price of $0.00015 after hitting an all-time high (ATH) of $0.096 in mid-February. Despite a current market consolidation, LBLOCK is still 1,000% above its opening price on the popular decentralised exchange (DEX) network, PancakeSwap. At press time, LBLOCK is trading at $0.0027, up 5% in the last 24 hours.
Webapp launch?
30th of May
Tune in and make sure you’re a part of our Telegram group https://t.co/4MigxHlmDP pic.twitter.com/nb3Un3NkPU
— Lucky Block (@luckyblockcoin) May 22, 2022
To boost its user adoption, Lucky Block is launching its much-awaited draw on 31st May. Also, its webapp launch is scheduled for May 30. Additionally, token purchase support with fiat is currently live.
If you want more information on how to buy Lucky Block, then read out guide.
Cryptoassets are a highly volatile unregulated investment product.
2. ApeCoin (APE)
ApeCoin is the governance token of the Otherside metaverse, associated with the Bored Ape Yacht Club (BAYC), the non-fungible token (NFT) project created by Yuga Labs and the most successful NFT collection of all time.
Based on the Ethereum network, the ERC-20 token aims to incentivize and create a decentralized community.
The project is focused on facilitating a pivot into the Web 3 ecosystem while allowing token holders to determine the trajectory of the crypto project.
ApeCoin token holders get to vote on proposals within the ApeCoin DAO (decentralised autonomous organization).
Launched in March, the ApeCoin (APE) token is one of the hottest altcoins crypto influencers are watching out for. Recently the metaverse crypto asset was also supported on the Polygon ecosystem.
One of the world's largest Web3 ecosystems, @0xPolygon now supports ApeCoin making it available for 19,000+ dApps and games across the board! https://t.co/vUoGTAfqkl
— ApeCoin (@apecoin) May 2, 2022
There are many platforms where investors can buy Apecoin at its current low price point.
APE corrected after issues with high gas fees in the public genesis mint of Otherdeed for Otherside NFTs, and further when Bitcoin lost the $30,000 support level.
As a long term play though crypto influencers are still bullish on the project.
Almost every major crypto exchange has listed ApeCoin. At press time, APE is trading at $8.4, up 3.29% in the last 24 hours.
Cryptoassets are a highly volatile unregulated investment product.
3. EOS (EOS)
The EOS blockchain is an open-source smart contract protocol that seeks to bring a set of fresh tools to the already crowded crypto space.
Operating a stand-alone operating system, the EOSIO offers developers flexibility, security, and reliability, allowing users to tap into its dApp ecosystem without high costs.
Other top-notch crypto services include secure access and authentication, permissioning, data hosting, usage management, and communication between blockchain-based applications and the traditional internet space.
The EOS blockchain has grown to become a mainstay in the crypto space and the blockchain solution recently released a set of blue papers.
Each paper covers core issues around crypto wallet, application programming interface (API), the EOS Core Blue Paper, and the Audit+. These whitepapers are essentially new proposals on upgraded functionalities and use cases for the EOS blockchain.
A lot of crypto influencers trash EOS, but some think it’s undervalued at its current market cap – $1.3 billion. Crypto Yoddha for example shared a trading set up recently to his 17k followers – it did play out, before correcting further – partly due to the May 2022 Bitcoin crash.
Once BTC stabilizes, EOS could finally find a bottom. If you’re looking for where to buy EOS with low fees, see our guide. At press time, its native token, EOS, is trading at $1.4, up 4.28% in the past day.
Cryptoassets are a highly volatile unregulated investment product.
4. DeFi Coin (DEFC)
DeFi Coin’s core mission is to onboard more users by educating them on the intrinsic opportunities available in the DeFi sub-sector.
The protocol is a community-driven fair-launched project that aims to reward users for holding its DEFC token for the long term. Token sales are taxed at 10% with 5% redistributed to DEFC holders.
The DeFi Coin project recently launched its much-awaited DeFi Swap exchange. As a result, users will be able to swap, participate in yield farming, and also deposit their DEFC tokens in liquidity pools.
‼️ If you haven't already seen the news, or still doubting if it is true, well it is! We have successfully launched our #DeFiSwap platform!
Check our website https://t.co/opyPTnmHKs for details on how to get on the platform and maximize all its features!#DeFiCoin pic.twitter.com/AKx2VHxnm0
— DeFi Coins (@DeFiCoins5) May 22, 2022
With this launch, the DEFC token surged more than 300% in two weeks, pushing the digital asset to a high of $0.56. DEFC also presents a unique opportunity for investors to generate as much as 75% annual percentage yield (APY) on their digital assets.
At press time, DEFC trades at $0.30, up 4.76% in the last 24 hours.
Cryptoassets are a highly volatile unregulated investment product.
5. Fantom (FTM)
Fantom is a DeFi-enabling smart contract network that broke into the crypto scene last year. Using a unique Tangle consensus protocol, Fantom offers lower fees for using its platform, faster transaction speed, and low energy density. These attributes have seen many tout the protocol as a possible Etherum alternative.
In terms of fundamental analysis, Fantom recently partnered with data indexing protocol, Unmarshal.
According to the blog post, this partnership will enable Fantom developers to easily access granular and on-chain data on any protocol. Fantom is currently the 50th most valuable digital asset which means several crypto exchanges support the trading of the digital asset.
There are also rumours developer Andre Cronje is returning to the Fantom Foundation. The crypto Twitter chatter is centred around that and the recent Fantom price reversal to the upside.
Crypto influencer @CryptoTony_ for example is looking for a further move up to $0.67. He has 197k Twitter followers.
At press time, FTM, Fantom’s native token, is trading at $0.5, up 16.9% in the past 24 hours.
If you want to know more about how to buy Fantom before jumping in, read our guide.
Cryptoassets are a highly volatile unregulated investment product.
5 Best Altcoins Crypto Influencers Are Plugging 2022 Conclusion
We have enumerated the 5 best altcoins crypto influencers are plugging in 2022. While the market is hyper-competitive, we believe these projects offer investors some of the high-yield potential.
However, our top pick for the best altcoins crypto influencers are investing in remains Lucky Block’s token, LBLOCK.
Related Crypto News
Cryptoassets are a highly volatile unregulated investment product.
This article was written for Business 2 Community by Jimmy Aki.
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