The second week of April started on a rather bearish note. Most large-cap coins have erased the gains made over the past few weeks, and investor sentiment currently stands at Extreme Fear on the Crypto Fear & Greed Index. Despite the drops, experienced investors know that market downturns are the perfect opportunity to find some of the top coins for 100x gains.
If you’re looking to capitalise on the market’s recent dip, below is a list of some of the best coins to buy right now:
Lucky Block (LBLOCK)
Kicking off our list of the top coins for 100x gains is LBLOCK. The digital asset is the native token for Lucky Block – an innovative blockchain-based online crypto lottery game that has taken the industry by storm.
Lucky Block launched its native token in January to serve as entry tickets for players looking to access all the games on its platform. The asset has since been on an impressive run, kicking off from its starting price of $0.00020 to an all-time high (ATH) of $0.0096.
Today, LBLOCK trades at $0.0025. It has been trading down 4.44% in the past 24 hours, in line with the broader market and its downturn.
Despite the market downturn, LBLOCK has shown massive potential that should excite investors going forward. The asset recently crossed 50,000 holders, marking an impressive milestone for a barely three-month-old coin.
The Lucky Block ecosystem is also expanding. The platform’s developers have launched the Android app’s beta, and a recent company announcement confirmed that the iOS app is in its final stages of approval on the App Store.
We expect to see increased adoption once the apps launch fully.
Next on our list of top coins for 100x gains is Ethereum. The asset needs no introduction to crypto enthusiasts. It is the second-largest cryptocurrency in the market, falling behind only Bitcoin.
Trading at $3,028, ETH has been up by 1.68% in the past 24 hours. The asset is already leading what many investors hope to be a rebound, although it’s too early to say.
The biggest prospect for Ethereum comes in the form of ETH 2.0. The upgrade is expected to solve several of the network’s scalability issues, and the blockchain’s developers have been making good progress with it.
Last month, the blockchain successfully implemented the Kiln testnet – one of the critical stages that must be crossed for ETH 2.0 to come to life.
This week, Ethereum’s developers implemented a shadow fork on which they are expected to begin final tests for ETH 2.0. If successful, analysts expect ETH 2.0 to be a catalyst for massive growth in the ETH price.
Kava is one of the emerging decentralised finance (DeFi) protocols in the market. The platform focuses on making it easy for users to borrow and lend assets without going through any intermediaries.
The platform’s KAVA token has been drawing much investor attention recently. Trading at $4.16, the token is down by 0.38% in the past 24 hours, although it is still riding a sustained rally that started over a month ago.
KAVA’s price prospects are looking especially great with the Kava protocol. Last week, the protocol announced the launch of Ethereum co-chains, which will enable support for Ethereum Virtual Machine (EVM) smart contracts. The co-chains are available in beta right now, but they’re expected to launch on May 10.
Kava also launched a massive $750 million developer incentive program last month. The program will offer grants to developers building DeFi protocols, games, and non-fungible token (NFT) tools on the network.
Kyber Network (KNC)
Kyber Network’s KNC token has built its profile among decentralised finance (DeFi) enthusiasts.
The asset powers the Kyber Network – a decentralised exchange (DEX) built on the Ethereum blockchain. Trading at $4.05, KNC is up by 0.81% in the past 24 hours.
One of the leading DEXs, Kyber, has shown impressive recent growth. KyberSwap, the network’s main DEX interface, is now compatible with ten different blockchains. These include Ethereum, Polygon, Avalanche, and the BNB Smart Chain. With interoperability becoming a major factor for growth in DeFi, KyberSwap is putting itself in a position for gains in the future.
The Kyber Network has also recently partnered with the Avalanche Rush Phase 2 liquidity mining program. The program kicked off in late March, and it offers up to $1 million in rewards for liquidity providers. The market will be eagerly waiting to see how this spurs activity on the network.
Axie Infinity (AXS)
Axie Infinity’s AXS rounds out our list of the top coins for 100x gains. Axis Infinity’s ecosystem remains one of the most popular blockchain games.With a current price of $47.40, AXS has been up 4.94% in the past 24 hours.
Weeks ago, the Axie Infinity ecosystem was hacked to the tune of $612 million. In one of the biggest crypto hacks, Axie’s Ronin Bridge was compromised as hackers got access to users’ private keys.
Despite being hack, Sky Mavis – Axie’s developers – have been working on getting the ecosystem back on track. The platform raised $150 million last week, led by Binance, to compensate the hack victims and work on relaunching the Ronin Bridge.
The same week, Sky Mavis also launched Axie Infinity: Origin – a free-to-play game that should be available on Android and iOS soon. The game’s launch shows that Sky Mavis is serious about rebooting the Axie ecosystem. Analysts hope this could be a catalyst for an AXS recovery.