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Top 5 Cryptocurrency to Buy for the Weekend Rally – July 2021 Week 4

07/23/2022
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The cryptocurrency market has consolidated its gains in the pace week, even in the face of Tesla selloff news. Its total cap is up by 2.5% in the past 24 hours, at $1.11 trillion. This represents a 14.5% rise in the last seven days, with many major coins increasing by even greater percentages. However, with the market remaining down across the year to date, there’s still plenty of scope for prices to rise even higher in the coming days and weeks. Accordingly, here’s our list of the top 5 cryptocurrency to buy for the weekend rally. This covers rallying coins, as well as coins that are due a rally.

Top 5 Cryptocurrency to Buy for the Weekend Rally

1. Battle Infinity (IBAT)

Built on Binance Smart Chain, Battle Infinity (IBAT) is a new play-to-earn games platform. Its presale began last week, making IBAT available at a price of $0.0015. With 80 days left to run, it has raised just over 2,700 BNB (about $700,000) within seven days.

Battle Infinity is building a sports-themed metaverse enabling users to participate in an interesting assortment of games. Most notable is the IBAT Premier League, which gives players the chance to build their own fantasy sports team, made up of NFTs representing real-life athletes. They win points — and IBAT tokens — based on how well their selected teams perform.

Battle Infinity also plans to develop additional games in the not-too future, as well as competitive staking, its own DEX and an NFT marketplace. Together, these features will comprise a healthy ecosystem, one which should help IBAT quickly rise up the ranks once it’s listed. This is why it’s one of our 5 top cryptocurrency to buy for the weekend.

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2. Lucky Block (LBLOCK)

At $0.00099026, LBLOCK has jumped by 6% in the past 24 hours. It’s also up by 17% in the past week, but down by 2.5% in the last 30 days.

Lucky Block (LBLOCK) price chart - Top 5 Cryptocurrency to Buy for the Weekend Rally.

LBLOCK remains 90% down from an all-time high of $0.00974554, set in mid-February. However, it’s up by 128% since launching in late January, while the past week or so has seen it regain some lost momentum.

There are various reasons for this. For one, Lucky Block has begun confirming new exchange listings. This includes a spot on MEXC Global, a Singapore-based international exchange that will open LBLOCK trading next month. This will likely boost LBLOCK’s price, if only by making it accessible to more traders.

Part of the reason why Lucky Block is beginning to welcome new listings is that it’s in the process of launching an ERC-20 version of the LBLOCK coin. Indeed, LBANK Exchange has also confirmed that it will be listing this second version of the altcoin. Such listings should provide the coin with renewed interest and demand.

Looking at Lucky Block’s fundamentals, it’s encouraging to note that it has been regularly holding its prize draws ever since the end of May, when it kicked things off by awarding $1 million to two winners. These draws are what Lucky Block is all about, and with plans to make them daily, LBLOCK could steadily rise in the coming months.

3. Ethereum Classic (ETC)

ETC is up by 11% in the last 24 hours, reaching $26.07. Impressively, it’s also up by 77% in a week and by 62% in the last 30 days.

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Ethereum Classic (ETC) price chart - Top 5 Cryptocurrency to Buy for the Weekend Rally.

ETC’s indicators show in no uncertain terms that a rally is well and truly underway. Its relative strength index (in purple) has passed 70 and remains at this level, showing very strong momentum. At the same time, it’s looking very likely that its 30-day moving average (in red) will overtake its 200-day average (in blue). In other words, the rally still has plenty of steam left in it.

The main reason why ETC is rallying is that Ethereum (ETH) has set a date for the long-awaited Merge. Yes, Ethereum will be switching to proof-of-stake, which means that plenty of its former miners will be moving to Ethereum Classic. This will boost the robustness and security of the alt coin’s network, making it more attractive to investors.

4. Bitcoin (BTC)

BTC is $23,278 as of writing. This represents a 1.5% increase in 24 hours, and a 13% rise in a week. It’s also up by 12% in a month.

Bitcoin (BTC) price chart.

BTC’s indicators show a possible turnaround. Its RSI is up to 60 and looking to rise higher, while its 30-day average has begun ascending towards its 200-day. Indeed, a rally has been long overdue for the original cryptocurrency, with only macroeconomic conditions conspiring to keep it down.

However, tentative signs have begun emerging that the macroeconomic picture may be improving. The US has posted positive jobs data, the UK has reported by positive GDP growth, and the price of oil has begun falling. These are all modest, provisional signs, yet they could be consolidated in the coming weeks with further improvements. If so, expect bitcoin — and the rest of the market — to respond positively.

It’s also worth pointing out how BTC has preserved its recent gains in the face of the negative Tesla news. This resilience suggests that the recent recovery isn’t simply a bull trap or dead cat bounce, and that it signals a longer term rebound.

5. Curve DAO (CRV)

CRV is today’s biggest gainer among top-1oo cryptocurrencies. At $1.45, it has risen by 21% in 24 hours, and by 23% in a week. It’s also up by 99% relative to its price from one month ago.

Curve DAO (CRV) price chart.

CRV’s indicators are very bullish right now. Its RSI is nearing 70, while its 30-day average has its 200-day in its sights.

CRV is the native token of Curve DAO, which governs the Curve.fi decentralised exchange. It’s rallying for one simple reason, Curve’s founder and CEO has admitted that it will be launching its own over-collateralised stablecoin.

In an ecosystem that currently has a big stablecoin-shaped gap now that Terra has collapsed, there is likely a real opportunity for a new coin to enter. As such, CRV could rally significantly as and when more details about the Curve stablecoin emerges.

More generally, Curve DEX remains the fourth biggest DeFi app in the ecosystem, with around $6 billion in total value locked in. Along with its stablecoin news, this is why it’s one of our top 5 cryptocurrency to buy for the weekend rally.

Source: https://insidebitcoins.com/news/top-5-cryptocurrency-to-buy-for-the-weekend-rally-july-2021-week-4