five altcoins crypto

The crypto market is undergoing another crypto winter season. As a result, several top cryptocurrencies have seen their values dip. While massive selloffs are ongoing, the dip in prices is an opportunity for value investors to pile up on the best projects at a discount. This roundup reviews the top five altcoins to invest in for a rebound.

1. Lucky Block (LBLOCK) – Low Cap Crypto Project with Huge Upside

Our list of altcoins to invest in for rebound starts with LBLOCK, Lucky BBlock’snative token. The crypto platform focuses on bringing transparency and fairness to the $230 billion online gaming space. Lucky Block is set to make everyone a winner, as it features multiple draws per day.

Raffle draws are randomly generated to ensure transparency. Also, all activities on the platform are publicly viewable.

price chart

Lucky Block is powered by the LBLOCK token, which serves as a ticketing system for players to register their games. The digital asset also functions as an investment strategy for its holders. All jackpot winnings are taxed 30%, with 10% of this fee redistributed to LBLOCK token holders. Additionally, LBLOCK token sales are taxed at 10% and redistributed to long term LBLOCK users. Through these means, LBLOCK holders can generate passive income from their digital assets.

The Lucky Block token has been a standout star as it surged a whopping 4,000% increase following its meteoric rise from $0.00015 to a record high of $0.096. This impressive price rally has compelled several investors to buy Lucky Block in the last few months.

LBLOCK maintains this strong price action as it trades at $0.0021, down 9.5%. Despite the downtrend, LBLOCK is one of the best crypto under $1. The digital asset is still 500%+ higher than its presale value of $0.00015.

In addition, Lucky Block is gearing up for its first official raffle draw on May 31st. This draw will be the first-ever crypto lottery game. In anticipation of this milestone, the Lucky Block Webapp will be launching on May 30.

Cryptoassets are a highly volatile unregulated investment product.

2. Fantom (FTM) – Top DeFi Protocol Largely Undervalued

Second on our list of the top altcoins to invest in for rebound is none other than the popular Ethereum rival, Fantom. The smart contract project operates as a layer-1 protocol. As a result, Fantom can be used in developing decentralised financial solutions.

fantom price chart

Using a proof-of-stake (PoS) consensus algorithm called Tangle, Fantom offers high scalability, lower energy requirements, and lower fees. The project has caught on among top altcoin investors and currently occupies the eighth spot on the top decentralised finance (DeFi) chains, according to DeFiLlama.

Fantom has been slowly building its crypto influence. This is made obvious by its recent launch of its native stablecoin project USD. This launch could finally spur more investors to buy Fantom in the second half of the year. Focused on the DeFi space, fUSD is expected to be accessible along with several stablecoin giants like Circle’sCircle’sAI, and its own fUSDT.

Institutional investors are already recognising the potential of the Fantom blockchain. Recently, popular crypto-focused investment firm a16z (better known as Andressen Horowitz) said in a new report that it considered FTM as one of the Big Six Chains in the crypto market.

At press time, FTM is trading at $0.37, down 4.4% in the past day.

Cryptoassets are a highly volatile unregulated investment product.

3. Ripple (XRP) – International Payments Blockchain Protocol

Tapping from the ideals of Satoshi Nakamoto, Ripple seeks to further the ideals of a decentralised payment network. However, it does not aim to replace the current financial systems but to better optimise them for cross-border payments.

XRP price chart - altcoins to invest

Launched in 2012, Ripple enables seamless and cost-effective international payments for financial institutions. The protocol aims to address the bottlenecks inherent in cross-border remittances while cutting down on expensive international transfer fees and resolving transactions in real time. Ripple features a native token called XRP, used in network fees settlement.

The protocol has seen its growth largely impeded by the ongoing legal battle with the US Securities and Exchange Commission (SEC). However, according to legal correspondent Jeremy Hogan, this 15 month-long legal tussle is ending. In a recent YouTube video, Hogan noted that a recent filing by Jeremy Deaton, an attorney for 67,000 XRP holders, puts a unique spin on the whole case and may bring about the much-needed resolution.

This positive piece of news has Ripple CEO Brad Garlinghouse upbeat as he recently announced that the company would be filing for an initial public offering (IPO) once the case is resolved.

XRP is facing the same positive resistance from the bears and is trading at $0.39, down 2.3% in the past day. The digital asset is one of the best altcoins to invest in for a rebound.

Cryptoassets are a highly volatile unregulated investment product.

4. Polygon (MATIC) – Top Layer 2 Project

Polygon serves as the layer-2 scaling solution for the Ethereum network. The protocol essentially bundles transactions in batches and validates them off-chain before adding them to the parent network. Polygon has been able to create a strong following for itself.

MATIC price chart - altcoins to invest

This following is apparent by the number of integrations the scaling solution boasts of. In a recent announcement, the modular network has partnered with the data-privacy project, Partisia Blockchain. The partnership is expected to boost Polygon’Polygon’salisation, multi-party, and zero-knowledge computational capabilities.

At press time, its utility token MATIC is trading at $0.624, down 3.51% in the past day. You can buy MATIC on several cryptocurrency exchanges, including eToro. If you already own the digital asset, you can also earn interest on MATIC by staking your coins.

Cryptoassets are a highly volatile unregulated investment product.

5. UniSwap (UNI) – Top DEX Platform for DeFi

As a result of the sudden growth of DeFi in 2020, several investors sought for a corresponding trading platform. UniSwap filled that void and became the premier decentralised exchange (DEX) platform in the crypto space. The project allows users to interact with the DeFi ecosystem while swapping tokens and providing liquidity in return for profits.

Uniswap price chart - altcoins to invest

UniSwap has continued to grow and recently crossed the $1 trillion landmark in trading volume. This trading volume is following continued growth in the DeFi space. More investors want to buy UNI, the platformplatform’stoken with such phenomenal success.

At press time, UNI is trading at $5.15, down 6.8% in the past day. This low price peg makes UNI one of the best altcoins to invest in for rebound in the coming weeks.

Cryptoassets are a highly volatile unregulated investment product.

Crypto Winter – 5 Altcoins to Invest in For Rebound 2022 Conclusion

In conclusion, we have explored five altcoins to invest in for a rebound this month.

While several have posted impressive growth, our top pick for this category is Lucky Block.

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Next 10x Crypto - Lucky Block (LBLOCK)

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Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.