Several crypto assets have already witnessed significant gains in the second week of September. Although market sentiment remains sluggish due to the prolonged crypto winter, several digital assets are poised to deliver impressive gains. These are the assets that investors should keep an eye on. This article will highlight the top crypto to buy this week.
1. Tamadoge (TAMA)
TAMA – the native token for the Tamadoge gaming platform – opens our list of the top crypto to buy this week. Tamadoge touts itself as a “play-to-earn Dogecoin” that combines blockchain gaming functionality with the sporadic gains of meme coins. In this game, players can collect doges: non-fungible tokens (NFTs) that represent digital pets that they can battle and use to gain dominance in the ecosystem.
Tamadoge has already had one of the best crypto presales of the year, raising more than $10 million through the sale of TAMA tokens. This alone is one of the most compelling reasons to buy Tamadoge. The platform’s in-app store and pet NFTs are also set to launch in the fourth quarter, giving investors something to look forward to.
Another significant benefit is TAMA’s 5% burn rate on pet store transactions. This burn tax is expected to help TAMA’s tokenomics by gradually reducing the asset’s circulating supply and making it more deflationary.
TAMA is one asset that investors should keep an eye on in the future, with a buzzing game and a strong tokenomic structure.
2. Lucky Block (LBLOCK)
LBLOCK is the next coin on our list of the top crypto to buy this week. The digital asset, which powers the Lucky Block NFT competition and rewards platform, is one of the market’s most exciting new assets.
Lucky Block was created to provide access to a gaming ecosystem. Investors can buy Lucky Block to participate in these games, but the organisers’ regular prize pools and draws are the true attraction.
LBLOCK is currently trading at $0.000764, representing a 16.59% increase in the last 24 hours. So far, the asset has outperformed the market, and early speculations suggest that this is only the beginning.
LBLOCK’s developers also added a token burn mechanism to the asset last week to make it more deflationary. Every month, the mechanism will ensure that 1% of the total circulating supply of LBLOCK is burned. The move was made to counteract negative market bias, but it also has the added benefit of making the asset scarcer – and thus more valuable in the long run.
The token burn is scheduled to begin on September 30. LBLOCK is undoubtedly one good option for investors looking for high-value coins to hold at the moment.
3. Ethereum (ETH)
Ethereum is a well-known asset. On the CoinMarketCap charts, the asset is second only to Bitcoin, and it is expected to be one of the biggest drivers of gains this week.
ETH is currently trading at $1,750, down 0.93% in the last 24 hours. Despite the decline, the asset is still up on the weekly chart and is now poised for significant growth in the coming days.
The upcoming Merge is the most compelling reason to buy Ethereum. The upgrade will complete Ethereum’s transition to proof-of-stake (PoS), which should improve the blockchain’s scalability and transaction capacity. The Merge is proposed to take place on September 15, and investors are already excited about the prospect of Ethereum finally ditching its proof-of-work (PoW) consensus algorithm.
If analysts are correct, the Merge should serve as a catalyst for a long-term market rally. Investors should add this asset to their watchlist.
4. Bitcoin (BTC)
Bitcoin, already the market leader, serves as the industry’s bellwether in more ways than one. Any sustained market rally will begin with Bitcoin before spreading to other cryptocurrencies, and this week could be a big one for it.
Bitcoin is currently worth $22,362. The asset has gained 3.76% in the last 24 hours, outperforming the broader market.
This week, investors looking to buy Bitcoin will have various reasons. The Ethereum Merge is expected to increase the coin’s price significantly. And, as a fellow large-cap coin, BTC should benefit as well.
Bitcoin is also attracting institutional interest, as evidenced by MicroStrategy’s intention to sell up to $500 million in Class A common stock to fund another BTC shopping spree.
Investors will also look for the Federal Reserve’s inflation data this week. With the dollar already in decline, less-than-ideal numbers could push it even lower, benefiting Bitcoin and many other alternative assets.
5. Cardano (ADA)
Cardano’s ADA token concludes our list of the top crypto to buy this week. For months, the digital asset, one of the market’s oldest, has been attempting to record major gains. However, with the Cardano blockchain finally set to receive a major upgrade, it may see some gains this week.
ADA is up 1.60% in the last 24 hours, with a unit price of $0.51. In the last week, the asset delivered some consistent gains, with investors looking to buy Cardano in preparation for more.
The upcoming Vasil hard fork should give Cardano a significant boost. This blockchain upgrade was supposed to go live in July, but after several delays, it appears to be scheduled for September 22.
VASIL UPGRADE: DATE CONFIRMED 💪
Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we along with @cardanostiftung can today announce 22nd September for the #Vasil upgrade on the #Cardano mainnet. 🧵$ADA
— Input Output (@InputOutputHK) September 2, 2022
The hard fork is expected to reduce transaction fees and increase scalability, putting the Cardano blockchain in a greater position to compete with other established chains such as Ethereum and Solana.
Tamadoge – Play to Earn Meme Coin
Earn TAMA in Battles With Doge Pets
Capped Supply of 2 Bn, Token Burn
NFT-Based Metaverse Game
Presale Live Now – tamadoge.io