The cryptocurrency market consolidated its gains in pace for the week, even in the face of Tesla Sale News. Its total cap rose 2.5% in the past 24 hours to $1.11 trillion. This represents an increase of 14.5% over the past seven days, with many major coins rising by even larger percentages. However, with the market remaining down throughout the year, there is still plenty of scope for prices to rise even further in the days and weeks ahead. Accordingly, here is our list of the top 5 cryptocurrencies to buy for the weekend rally. This covers rallying pieces, as well as pieces that need to be rallied.
Top 5 Cryptocurrencies to Buy for the Weekend Rally
1. Infinity Battle (IBAT)
Built on the Binance Smart Chain, Infinity Battle (IBAT) is a new play-to-earn gaming platform. Its presale started last week, making IBAT available at a price of $0.0015. With 80 days left to run, he raised just over 2,700 BNB (about $700,000) within seven days.
Wohoo, what an accomplishment! 🎉
🎙We are very proud to announce that we have reached our first goal and have now sold over 2300 BNB tokens.
❤️It shows investors believe in us and the mission of Battle Infinity. We would like to express our gratitude to every user.
Congratulations! pic.twitter.com/9eRbpI3Cd4
— IBAT – Battle Infinity (@IBATOFFICIAL) July 20, 2022
Battle Infinity builds a sports-themed metaverse allowing users to participate in an interesting assortment of games. Most notable is the IBAT Premier League, which gives players the chance to create their own fantasy sports team, made up of NFTs representing real-life athletes. They earn points – and IBAT tokens – based on the performance of their selected teams.
💥INTERACT. PERFORM. EXPLORE.💥
CREATE YOUR OWN STRATEGIC TEAM AND BATTLE IN THE NEWEST NFT-BASED FANTASY SPORTS GAME – BATTLE INFINITY!
10,000,000,000 TOKENS AND UNLIMITED OPPORTUNITIES‼️
REGISTER NOW 👉https://t.co/6STv8jClXT #presale #Cryptocurrency #Blockchain
— IBAT – Battle Infinity (@IBATOFFICIAL) July 15, 2022
Battle Infinity also plans to develop additional games in the near future, as well as competitive betting, its own DEX, and an NFT marketplace. Together, these features will form a healthy ecosystem, which should help IBAT climb the ranks quickly once it gets listed. That’s why it’s one of our top 5 cryptocurrencies to buy for the weekend.
🙌🏼Battle Stake is our staking platform where you can battle against stakers to get higher APYs. There are 3 types of staking that we are introducing: • SOLO staking • DUO staking • Box staking#staking #battleinfinity #presale #StakingRewards pic.twitter.com/bYzIobl8Bh
— IBAT – Battle Infinity (@IBATOFFICIAL) July 18, 2022
2. Lucky Block (LBLOCK)
At $0.00099026, LBLOCK has jumped 6% in the past 24 hours. It was also up 17% over the past week, but down 2.5% over the past 30 days.
LBLOCK remains 90% down from an all-time high of $0.00974554, set in mid-February. However, it is up 128% since its launch in late January, while last week or so it regained some lost momentum.
There are several reasons for this. For one, Lucky Block has started confirming new exchange listings. This includes a place on MEXC Global, a Singapore-based international exchange that will open LBLOCK trading next month. This will likely increase the price of LBLOCK, if only by making it accessible to more traders.
Official announcement – #CEX announcement confirmed! 📣
Swap: @MEXC_Global ✅
When? August 1st 🗓️With 24-hour trading volumes of over $700 million, MEXC is a significant player among centralized exchanges.
More announcements will follow soon – stay tuned! 📣#crypto pic.twitter.com/DNpj4A8sSu
– Lucky Block (@luckyblockcoin) July 11, 2022
Part of the reason Lucky Block is starting to welcome new listings is that it is releasing an ERC-20 version of the LBLOCK coin. Indeed, LBANK Exchange has also confirmed that it will list this second version of the altcoin. Such listings should provide the coin with renewed interest and demand.
GM #LuckyBlockArmy! ☀️
Do you have tickets for today #jackpot to draw? 🤔#crypto #cryptocurrency #cryptogames
– Lucky Block (@luckyblockcoin) July 22, 2022
Looking at Lucky Block’s fundamentals, it’s encouraging to note that it has been running its draws regularly since the end of May when it kicked things off in $1 million award to two winners. These draws are what Lucky Block is, and with plans to do them every dayLBLOCK could increase steadily in the coming months.
3. Ethereum Classic (ETC)
ETC is up 11% in the last 24 hours, hitting $26.07. Impressively, it has also increased by 77% in one week and by 62% in the last 30 days.
ETC indicators show unequivocally that a rally is well and truly underway. Its relative strength index (in purple) has exceeded 70 and remains at this level, showing very strong momentum. At the same time, it seems very likely that its 30-day moving average (in red) will exceed its 200-day average (in blue). In other words, the rally still has plenty of steam.
The main reason ETC is rallying is that Ethereum (ETH) has set a date for the long-awaited merger. Yes, Ethereum will transition to Proof of Stake, which means many of its former miners will transition to Ethereum Classic. This will make the altcoin network more robust and secure, making it more attractive to investors.
We see price movement on $ETC. 📈
Why is it #EthereumClassic pumping?
Short answer:
With $ETH to relocate #PoS in ~60 days, #ETC becomes the greatest #PoW network of smart contracts. The second largest proof-of-work network behind only Bitcoin.#Minors = real users and value. ⚒️— Ethereum Classic DAO (@EthClassicDAO) July 17, 2022
4.Bitcoin (BTC)
BTC is $23,278 at the time of writing. This represents an increase of 1.5% in 24 hours and 13% in one week. It is also up 12% in one month.
BTC indicators show a possible reversal. Its RSI is at 60 and looking to rise, while its 30-day average has started to climb towards its 200-day mark. Indeed, a rally was long overdue for the original cryptocurrency, with only macroeconomic conditions conspiring to keep it low.
However, tentative signs have started to appear that the macroeconomic situation may be improving. The The United States released positive employment datathe The UK recorded positive GDP growthand the price of oil has started to fall. These are all modest and tentative signs, but they could be consolidated in the coming weeks with further improvements. If so, expect bitcoin – and the rest of the market – to react positively.
It is also worth highlighting how BTC has preserved its recent gains in the face of negative news from Tesla. This resilience suggests that the recent rally is not just a bull trap or a dead cat bounce, and signals a longer-term rebound.
5. CAD Curve (CRV)
CRV is the biggest winner among the top 100 cryptocurrencies today. At $1.45, it was up 21% in 24 hours and 23% in a week. It is also up 99% from its price a month ago.
CRV indicators are very bullish right now. Its RSI is nearing 70, while its 30-day average is aiming for 200 days.
CRV is the native token of Curve DAO, which governs the decentralized exchange Curve.fi. He is rallying for one simple reason, the founder and CEO of Curve admitted that he would be launching his own over-collateralized stablecoin.
KK: Curve is launching a stablecoin?
ME: Overcollation. That’s all I can say for now.
KK: Success of the veToken?
ME: veToken aligns the long-term incentive of governance and users. This was inspired by some observed disasters from historical mistakes of American companies.– SCB 10X (@SCB10X_OFFICIAL) July 21, 2022
In an ecosystem that currently has a large stablecoin-like 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 more details about the Curve stablecoin emerge.
More generally, Curve DEX remains the fourth largest DeFi app in the ecosystem, with around $6 billion in total value locked. With its stable news, that’s why it’s one of our top 5 cryptocurrencies to buy for the weekend rally.