5 Best Cryptocurrency to Buy for the Weekend Rally – August 2021 Week 4
With a total cap of $1.077 trillion, the cryptocurrency market is down by 1.5% in the past 24 hours. It’s also down by 5.7% in a week, but up by 5% in a month. In other words, the weather remains unsettled and uncertain, with it hard to predict the market’s next move. However, it remains a fact that a recovery is long overdue, with the market having been near a bottom for a while now. In this vein, we’ve put together a list of the 5 best cryptocurrency to buy for the weekend rally. These are coins with strong fundamentals that the market is currently undervaluing.
5 Best Cryptocurrency to Buy for the Weekend Rally
1. Battle Infinity (IBAT)
Battle Infinity (IBAT) is a play-to-earn crypto gaming platform that has sold out its presale within a couple of weeks. It recently announced its first listing, on PancakeSwap, becoming tradable on August 17th. Following this listing, it rose by nearly 700%, from its presale price of $0.0015 to $0.011.
It has also just listed on CEX LBANK Exchange, with deposits already live. Given that it launched its presale only in August, these two listings highlight just how quickly it’s growing, as does the fact that it now has more than 10,000 holders.
The deposits are now live on @LBank_Exchange
Get ready with your bags there.
Trading will start : 12 pm UTC on 26 August 2022 pic.twitter.com/rxWlO9ZZ6E
— Battle Infinity (@IBATOFFICIAL) August 25, 2022
Running on Binance Smart Chain, Battle Infinity is developing a sports-themed gaming metaverse. It will comprise a range of games, including the IBAT Premier League, in which users will build their own fantasy sports teams made up of NFTs of real-life athletes. Said teams will compete against each other, with winners receiving crypto-based rewards.
In time, Battle Infinity will also grow to incorporate other crypto and NFT-based games. On top of this, it will also involve competitive staking feature, its own DEX, and an NFT marketplace. These are ambitious designs, and they speak to why Battle Infinity has done so well in a short space of time, without even being fully launched yet.
2. Bitcoin (BTC)
At $21,446, BTC is 1% down in the last 24 hours. It has also fallen by 7.5% in the past week and by 10% in the past fortnight, while being 1% up in the last 30 days.
BTC’s indicators reveal that the market is overselling it right now. Its relative strength index (in purple) is sitting at just around 40, showing poor momentum. Likewise, its 30-day moving average (in red) is hanging well below its 200-day average (in blue). What this indicates it’s significantly underappreciated, with its current price offering a steep discount on its ‘true’ value.
Looking at the bigger picture, bitcoin is easily one of the strongest coins in the market in terms of fundamentals. On the one hand, institutions already own some $30.8 billion in BTC, with other coins nowhere near this figure. On the other, almost every week brings news of some bank rolling out bitcoin services for its clients. This includes BlackRock launching its own private bitcoin fund, as well as enabling its clients to invest in BTC by themselves via a partnership with Coinbase.
Blackrock AUM: $10T.
1% BTC allocation would equal a $100B purchase.
At a price of $24K per bitcoin that would equal buying up more than 4.1 million bitcoins!
Seems to me that people are underestimating what’s happening here. Blackrock makes Saylor look like a boyscout.
— Plan Marcus ⚡️☣️ 🇸🇽 (@plan_marcus) August 15, 2022
BlackRock’s entry into the bitcoin market follows a long line of banks offering custody and brokerage services. And given that BTC has historically led bull markets, it remains the likeliest to lead a future one. That’s why it’s one of our 5 best cryptocurrency to buy for the weekend rally.
3. Theta Fuel (TFUEL)
TFUEL has risen by 18% in the past 24 hours, to $0.070709. This represents a 5% jump in the last seven days and 32% rise in the last 30.
TFUEL’s momentum has witnessed a sudden spike. Its RSI has shot up from 40 to 60 in a couple of days, while its 30-day average is climbing steadily towards its 200-day. This suggests a breakout to new longer term levels.
There’s a simple reason for this increase: the Theta Network has announced that the launch of the latest version of its mainnet is on track for a December release. It has also begun open-sourcing the code for the upgraded version of the mainnet.
Theta Metachain development is progressing well, and on track for December release. Today we’re happy to open-source the first part of Metachain code! This repository contain the reference implementation of the Theta subchain:https://t.co/MyzZEcAv2q pic.twitter.com/lwMb0XvBZp
— Theta Network (@Theta_Network) August 26, 2022
Beginning its life as a decentralised video delivery network, the launch of the Metachain will help Theta become a dedicated Web3 blockchain. It has already begun announcing partnerships with third parties who will be using the Theta Metachain, including FUSE TV.
Within the Theta ecosystem, TFUEL operates as a utility token. Holders use it to pay transaction fees, engage smart contracts and deliver videos. As such, growing usage of Theta will create greater demand for TFUEL in the long run.
4. Lucky Block (LBLOCK)
At $0.00040527, LBLOCK is down by 5% in the past day. Its current price also represents a 59.9% drop in the last 30 days.
LBLOCK’s indicators show that the market is overselling it. It’s 95% down from its all-time high of $0.00974554 (set back in February), implying that it has the potential to make some big gains on the road to recovery.
Despite its recent falls, LBLOCK has attracted enough new listings to suggest that it has plenty of market appeal. Yesterday, it went live on Gate.io, while it has also been listed on Uniswap, MEXC Global and LBANK Exchange in recent weeks.
Gm #LuckyBlockArmy! 🌤️
Would you like to enter the Lucky Block spaceship? You can do so now by buying V2 $LBLOCK on Uniswap! 🚀
Go to https://t.co/qG5Oj0Ls0s and don’t miss out! 🌔 pic.twitter.com/YyFRSvEqAw
— Lucky Block (@luckyblockcoin) August 26, 2022
For the uninitiated, Lucky Block is a crypto games platform that enables users to enter prize draws with a minimum guaranteed payout of $50,000. These prize draws launched at the end of May, while Lucky Block has recently expanded its ecosystem to include various NFT-related competitions. For example, users can purchase Lucky Block NFTs in order to enter draws for Bored Ape Yacht Club NFTs, $1 million in bitcoin, a luxury holiday, a FIFA World Cup package, and also a house worth $1 million.
Gm! Start your day by grabbing one of the Platinum Rollers Club #NFTs 🌤️
Lifetime entry to an #NFT draw, weekly competitions and more available exclusively to the #PRC NFT holders! 🚀
Get one now at https://t.co/DppL2Cq1q6 🤞#NFTcompetition #NFTs #NFTcollection pic.twitter.com/nmvgVNvFOA
— Lucky Block (@luckyblockcoin) August 18, 2022
One of Lucky Block’s most appealing features is that holders of LBLOCK can receive rewards for voting for charities that will receive a 10% portion of each prize fund. Combined with the draws themselves, this makes it one of the most interesting new blockchain platforms of 2022.
5. Ripple (XRP)
XRP has increased by 5% in the past 24 hours, and by 3% in the last hour alone. At $0.367424, it’s also up by 9% in the last 30 days, despite being down by 1.5% in the past week.
XRP’s indicators show a big lift in momentum, with its RSI above 50. Its 30-day moving average is also heading towards its 200-day average.
It looks like XRP is benefitting from speculation that the SEC is going to settle with Ripple in its legal case with the latter. That a settlement would be reached was suggested by former US Comptroller of the Currency Brian Brooks, who is quoted as a saying that this settlement will be made so that “existing token holders can continue to trade [XRP tokens] and find value in them in ways that they do.”
Former Comptroller of the Currency Says Ripple and SEC Will Settle to Enable Investors To Continue Trading & Holding XRP https://t.co/yV8ehCnGck #btc #crypto #usa #nft #tradeing #follow #f4f #News #opensea #followforfollow #follow4follow #teamfollowback
— Cross David (@icrossdavid) August 22, 2022
As we’ve written in the past, previous months have seen Ripple win some favourable rulings. This includes a key ruling that the SEC must share documentation related to an important speech former director William Hinman gave in 2018, in which he said that ethereum and bitcoin aren’t securities. Together with other rulings, it suggests that the Ripple has a strong case and may gain a positive outcome. This seems to be what the market thinks, which is why XRP is one of our 5 best cryptocurrency to buy for the weekend rally.
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