This week appears to be starting on a strong note. Many coins are trending up, and the large-cap assets—which usually dictate the market’s performance—are looking to reclaim some of their lost gains.
Given how quickly coin prices change, investors will be looking to find top coins for 100x gains as they hope to protect their portfolios in the long run. We’ll look into some of these coins and the factors that could give them more momentum.
1. Lucky Block (LBLOCK)
At the top of our list of the top coins for 100x gains is LBLOCK. The asset is relatively new to the market, but its performance has drawn massive attention from investors over the past two months.
LBLOCK powers Lucky Block—an online crypto lottery platform. Lucky Block incorporates blockchain technology, offering increased transparency and transaction fairness than most traditional platforms in the gambling space. The Lucky Block project aims to make everyone a winner by enabling several draws instead of low draw counts. In addition, LBLOCK token holders get to earn from the 10% fee levied on all jackpot winnings. Token sales also attract a 12% penalty, which is then redistributed to long term holders.
After its launch in January 2022, LBLOCK saw its value surge from the listing price of $0.00020 to a high of $0.0096 in less than a month. The asset is trading at $0.0035 right now, indicating investors can buy in the dip.
LBLOCK is also useful outside of the Lucky Block ecosystem. The game’s developers have launched a non-fungible token (NFT) collection called the Platinum Rollers Club. The public beta for the Lucky Block mobile app on Android has also been released, meaning that the game will be open to more people—a massive boost for the LBLOCK price.
2. Cardano (ADA)
ADA comes next on our list of the top coins for 100x gains. The asset is the network token for the Cardano blockchain, one of the oldest and most popular crypto protocols in the market.
Despite its standing in the blockchain space, the Cardano project always had a massive flaw—a lack of smart contract support. But this changed in September 2021 when the blockchain’s developers launched the Alonzo hard fork. The hard fork brought smart contracts to Cardano; decentralised application (dApp) developers can now build comfortably on the platform.
ADA’s price stands at $0.974—up by a healthy 6.17% in 24 hours. The digital asset’s jump appears to be driven by the crypto market’s positive movement and increases in fund inflow to its decentralised finance (DeFi) ecosystem.
According to data from DeFi Llama, total volume locked (TVL) in Cardano protocols has been up by an impressive 10% in the past 24 hours. Minswap, an automated market maker-based decentralised exchange (DEX), has also become the largest Cardano-based DeFi protocol.
3. Ripple (XRP)
XRP trades at $0.8354, a jump of 1.98% in the past 24 hours. The asset has several bullish trends ongoing right now, especially concerning the securities fraud case between the Securities and Exchange Commission (SEC) and its developer, Ripple Labs.
Last week, Southern New York District Court Judge Analisa Torres denied a motion from the SEC to dismiss Ripple’s defence—the SEC claimed the agency hadn’t given it a fair warning about XRP’s legal status before the asset’s 2013 initial coin offering (ICO). Although the case remains far from over, Ripple CEO, Brad Garlinghouse, called the development a “huge win” for the company.
Ripple appears to have a lot of momentum going for it, as the blockchain company continues to score one win after another.
Ripple’s mission is to attract more builders to its ecosystem. Last week, the company extended its XRPL Grants program, deciding to give out 1 billion XRP to developers who build on its XRP Ledger. The developer grant is expected to roll out in phases over the next decade. Ripple is committing to offer financial, business, and technical assistance to interested builders.
As the DeFi ecosystem continues to grow, Ripple is looking to position itself as a strong player in the industry.
4. Polygon (MATIC)
Polygon is arguably the biggest Ethereum layer-two scaling solution in the market. The platform assists developers in avoiding Ethereum’s scalability and transaction latency issues while still utilizing the network’s resources to power their dApps and projects.
MATIC is up 3.62% in the past 24 hours, hitting $1.52. With the blockchain looking to transition into a more stable and scalable Ethereum 2.0, many have cast doubts that Polygon will remain relevant. But the scaling solution’s developers are building their contingency plan.
Last week, Polygon successfully integrated the Simba Chain to help scale and develop new infrastructure for Web3 projects. The integration will allow companies to have a smoother transition into Web3, offering better infrastructure and a cloud-based smart contract platform and enterprise-level security for all users.
5. Fantom (FTM)
To round off our list is FTM—the native token for the Fantom ecosystem. Trading at $1.3, FTM is up by an impressive 2.41% in the past 24 hours. Fantom, a new-generation blockchain, focuses on enabling the development of DeFi protocols, dApps, and other enterprise functions. The blockchain was built using the Direct Acyclic Graph (DAG) model, which allows transactions to be stacked on top of each other. This allows transactions to be processed in less than 2 seconds—at a fraction of the cost incurred on several other top chains.
Last week, the Fantom Foundation announced several upgrades to the network that should bring different benefits to developers. These benefits include a reduction in the storage space taken by testnet nodes and faster executions for smart contracts on the blockchain.
Fantom’s developers want to make the blockchain more accommodating to builders across the board. With blockchains getting better and optimising their capacity, analysts believe that Fantom could be a market leader soon.