The cryptocurrency market is up 1% in the past 24 hours. At $1.113 billion, its total cap rose 9.3% in the past week and 23% in the past 30 days. It is still well below the records set in November last year, however, meaning there is still plenty of room for it to recover. This is especially true in the case of new altcoins. Many of these were launched as part of the current bear market and therefore never benefited from an uptrend. As such, many could make bigger gains than much of the market in the coming weeks. Accordingly, this article presents the 5 best new cryptocurrencies to buy now, covering coins launched in the last 12 months or so.
5 Best New Cryptocurrencies to Buy Now
1. Infinity Battle (IBAT)
Running on Binance Smart Chain, Infinity Battle (IBAT) is a play-to-earn crypto gaming platform that launched its presale a few weeks ago. Making IBAT available at $0.0015 has 68 days left to run, but it has already raised over 8,000 BNB (about $2.3 million). BSC Scan also reveals that it now has around 3,500 holders, a number that has more than doubled in a week.
🎉Time to party!
🙌🏼We raised 50% of our hardcap in just a few weeks! Thank you for all the support and trust in our project. You make our dream come true!
— Infinity Battle (@IBATOFFICIAL) August 3, 2022
With most of its team based in India, Battle Infinity is developing a sports-themed gaming metaverse. This will consist of various games, such as the IBAT Premier League. The latter allows players to create their own fantasy sports teams, made up of NFTs representing real sports people. They earn points – and IBAT tokens – based on the performance of their teams.
💥INTERACT. PERFORM. EXPLORE.💥
CREATE YOUR OWN STRATEGIC TEAM AND BATTLE IN THE NEWEST NFT-BASED FANTASY SPORTS GAME – BATTLE INFINITY!
10,000,000,000 TOKENS AND UNLIMITED OPPORTUNITIES‼️
— Infinity Battle (@IBATOFFICIAL) July 15, 2022
In addition to the IBAT Premier League, Battle Infinity will also add crypto and NFT-based games, as well as a competitive wagering feature, its own DEX and an NFT marketplace. These plans have helped it garner a lot of interest, with the project already trending on Twitter in various regions. That’s why it might be important and why it’s one of our top 5 new cryptocurrencies to buy right now.
We are trending again in India! What a beautiful view🔥 pic.twitter.com/IYs4I6LJj7
— Infinity Battle (@IBATOFFICIAL) July 25, 2022
2. ApeCoin (APE)
APE jumped 16% in one day, hitting $7.36. This represents an increase of 28% in one week and 61% in one month.
APE indicators have jumped since the beginning of the month. From 30 just a few days ago to nearly 70 at the time of writing, its Relative Strength Index (in purple) highlights considerable momentum.
APE is the governance token of the ApeCoin DAO, which oversees the Bored Ape Yacht Club NFT-based ecosystem. It increases for several reasons, the first being that it compensates for previous losses. Second, ApeCoin announced that none other than Gucci will accept altcoin as payment for merchandise at select US-based stores.
– ApeCoin (@apecoin) August 2, 2022
It almost goes without saying that this is a massive endorsement for ApeCoin. Gucci’s membership of the EPA demonstrates that it will have a wider utility than simply being a guarantee of governance.
ApeCoin has also rallied in recent weeks due to the demonstration of its upcoming metaverse, dubbed the Other Side. Again, the impending Otherside launch highlights how the Bored Ape Yacht Club is very likely to evolve far beyond being a fashionable NFT collection. And with APE still down 72% from its all-time high of $26.70, set in April, it could soon rally sharply. That’s why it’s one of our top 5 new cryptocurrencies to buy.
The Otherside is shaping up to be one of the most exciting things to happen in Web3.
Recently, the team published a detailed light article that gives us a glimpse into the future of this metaverse.
Here is a breakdown in 10 tweets 🧵: pic.twitter.com/ylHVYfhoTn
— 𝖕 𝖚 𝖋 𝖋 ❤️ nft (@PuffYatty) July 18, 2022
3. Lucky Block (LBLOCK)
LBLOCK is down 29% in the past 24 hours, falling to $0.00155435. However, it is up 53% in one week and 71% over the last 30 days.
Thanks to its recent rally, LBLOCK has now appreciated just over 260% since its launch in January. It is also down 83% since its January ATH of $0.00974554, which means it still has a lot of ground to recover.
There was one main reason for its recent rise: the launch of the second version of its Ethereum-based coin.
Become a holder of the V2 token, which gained 250% in the first two days and should continue to soar!🚀
– Lucky Block (@luckyblockcoin) August 1, 2022
Already live on LBANK Exchange and MEXC Global, the V2 version of LBLOCK has already opened the coin to greater demand. This will increase in the coming months as more exchanges add to their platforms.
There are also other fundamental reasons why LBLOCK should continue to rally. First, Lucky Block has expanded its ecosystem to include various NFT-related competitions. By purchasing a Lucky Block NFT, users will be able to participate in different draws. This includes draws for Bored Ape Yacht Club NFTs, $1 million in bitcoins, a luxury vacation, a FIFA World Cup package, and also a home worth $1 million.
With our amazing new #NFT competitions and rewards platform, you will have a chance to win amazing prizes!
The competitions will include:
✅ A house worth $1,000,000
✅ Luxury watches
✅ And more!
– Lucky Block (@luckyblockcoin) August 1, 2022
It is also worth mentioning that Lucky Block’s NFT platform will also allow NFT holders to earn rewards in LBLOCK. Additionally, all LBLOCK holders will be able to claim their 10% share of each daily prize fund, simply by going to the Lucky Block web app and voting for a charity (which will receive an additional 10% of each fund ) .
4. Lovely Inu Finance (LOVELY)
Launched last October, LOVELY is the native token of the Lovely Inu Finance DeFi platform. It is up 10% in the last 24 hours to $0.000000802136. It has also increased by 220% in the past week and by 1,700% in the past 30 days.
LOVELY hit its all-time high – $00000111 – just two days ago. It rallies largely because it celebrates a series of new exchange listings, including on Huobi, Bibox, Babyswap, and ZT.
Have a nice beautiful day Inu 🥳
July 30 – Bibox
August 1 – Baby Swap
August 3 – ZT
5 August – https://t.co/7OKtCmGauM
— Lovely Inu Finance (@Lovely_finance) July 30, 2022
While LOVELY comes in the mold of a meme coin, it operates in a DeFi ecosystem. This includes the Lovely Swap DEX, which runs on Binance Smart Chain.
LOVELY has a maximum total supply of 60 trillion, with several hot events having already taken place to lower its supply. This contrasts with many other meme tokens, which have unlimited reserves. Combined with her growing community of 244,000 Twitter followers, these tokenomics suggest she has a bright future. It is therefore one of our 5 best new cryptocurrencies to buy.
5. Coin Challenge (DEFC)
The DEFC has increased by 5% in the last 24 hours, reaching $0.116109. It has also increased by 25% over the past week, while remaining virtually flat over the past month.
The DEFC is up 564% since hitting an all-time low in February this year. Its main selling point is that it is the native token of the new DeFi Swap DEX, which in addition to trading also offers staking and yield farming services. Based on Binance Smart Chain, DeFi Swap went live in May, which was the main factor allowing DEFC to recover from its all-time high in February.
Besides being the native token of DeFi Swap, DEFC has other functions. Most notably, it offers holders rewards, which come from a 10% fee charged each time someone buys or sells the token. Such a tax imposes constraints on the sale, which supports the price of DEFC.
DeFi Swap is currently ranked the 58th largest DEX in the crypto ecosystem, according to CoinGecko. For an exchange launched as recently as May, this is very promising.
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