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5 Best Cryptocurrency to Buy for the Weekend Rally – August 2022 Week 1

5 best cryptocurrency to buy for the weekend rally.
5 best cryptocurrency to buy for the weekend rally.

The cryptocurrency market has registered a small rise over the past 24 hours. Its total cap now standards at $1.13 trillion, meaning it has has increased by 1% in a day and by 20% in a month. Some coins have done better than others in the past few days, and this articles collects them into a list of the 5 best cryptocurrency to buy for the weekend rally. These are cryptocurrencies which have a chance of beating the market over the next few days, and weeks.

5 Best Cryptocurrency to Buy for the Weekend Rally

1. Battle Infinity (IBAT)

Battle Infinity (IBAT) is a new play-to-earn crypto gaming platform running on Binance Smart Chain. It launched its token presale a couple of weeks ago, making IBAT available for BNB at a price of $0.0015. With 71 days left to spare, the sale is now over, having reached its hard cap of 16,500 BNB (equal to around $5.3 million). On top of this, BSC Scan reveals it now has 4,893 holders, up from 0 barely two weeks ago.

With its team based largely in India, Battle Infinity is developing a sports-themed gaming metaverse. This will consist of a variety of games, such as the IBAT Premier League. This lets players put together their own fantasy sports team, made up of NFTs representing real-life athletes. They win points — and ultimately IBAT tokens — based on how well their teams do.

Battle Infinity is also working on additional crypto and NFT-based games, as well as a competitive staking feature, its own DEX and an NFT marketplace. Given how quickly its presale sold out, it’s likely to do pretty well.

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2. Lucky Block (LBLOCK)

At $0.00156167, LBLOCK has dropped by 20% in the past 24 hours. That said, it’s up by 55% in a week and by 77% in a month.

Lucky Block (LBLOCK) price chart.

LBLOCK has risen by 234% since its launch in late January, although it is down by 85% since an all-time high of 0.00974554 set in mid-February. However, this arguably means that it will rise by this something like this amount when the market becomes more bullish again.

There are various reasons why LBLOCK will do well in a more bullish environment. For instance, Lucky Block has justexpanded its ecosystem to include various NFT-related competitions. By purchasing a Lucky Block NFT, users will now be able to enter a number of prize draws. This includes 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.

Another feature on the horizon is that all holders of LBLOCK will be able to claim their equal share of 10% of each daily prize fund, simply by heading over to the Lucky Block web app and voting for a charity that will receive donations.

Just as importantly, Lucky Block has begun rolling out the Ethereum-based, second version of its coin. This has already been listed on MEXC Global and LBANK Exchange, and other listing are likely coming soon. This is why it’s one of our 5 best cryptocurrency to buy for the weekend rally.

3. Flow (FLOW)

FLOW has jumped by an impressive 56% in 24 hours. At $2.91, it’s also up 54% in a week and by 81% in a month.

FLow (FLOW) price chart - 5 Best Cryptocurrency to Buy for the Weekend Rally.

FLOW’s indicators have gone parabolic in the past day. Its relative strength index (in purple) has shot up from just under 40 at the beginning of August to 80 today. This signals very strong momentum, as does its 30-day moving average (in red) rising above its 200-day average (in blue).

A layer-one blockchain designed specifically for Web3, NFTs and games, there’s a simple reason why Flow’s native token is rallying. Flow has just announced a very big partnership with none other than Instagram. This partnership means Flow users can connect their wallets to their Instagram accounts and begin sharing their Flow-based NFTs.

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This is a massive endorsement for Flow, and with Meta and Instagram’s involvement, it could move on to very big things in the future. Indeed, its total value locked in has risen by 27.8% in a couple of weeks. And with it remaining 93% down from its all-time high of $42.40 (set last April), it has plenty of space to surge. This is why it’s one of our 5 best cryptocurrency to buy for the weekend rally.

4. Bitcoin (BTC)

At $23,133, BTC is up by 1.3% in the past day. It is, however, down by 3% in a week, but up by 14% in the last 30 days.

Bitcoin (BTC) price chart - 5 best cryptocurrency to buy for the weekend rally.

BTC’s indicators are all over the place, reflecting the uncertain nature of the current market. Its RSI has dropped to nearly 30 this month, before rising up to nearly 60. And with the macroeconomic picture remaining unsettled, it could continue veering up and down for a while yet.

Having said that, there’s plenty of reason to argue that BTC is better placed than any other coin to enjoy a rally. One encouraging piece of news is that BlackRock — the largest money manager in the world in terms of assets under management — has inked a deal with crypto-exchange Coinbase. This deal means that BlackRock can now, via Coinbase, offer its clients to chance to invest in crypto, with bitcoin being the first token available to BlackRock’s clients.

Yes, it’s bitcoin that mainstream investors are interested in first and foremost. This is why BTC remains the likeliest coin to spearhead another bull market, and why it’s one of our 5 best cryptocurrency to buy for the weekend rally.

5. Tamadoge (TAMA)

More than just a meme coin, TAMA  is a deflationary cryptocurrency and the native token of the Tamadoge metaverse, in which users can mint NFT-based pets and care for them. It’s an ERC-20 token that began its beta presale last week, with its general presale ends in the final quarter of the year. Anyone interested can purchase TAMA tokens in exchange for either ETH or USDT via its official website, with $100 buying 10,000 TAMA.

In contrast to more earlier meme coins, TAMA promises stronger fundamentals and utility. This is largely because of the aforementioned metaverse, which offers play-to-earn dynamics. Specifically, players can battle their Tamadoge pets and earn rewards for doing so, while they can also ultimately sell their NFT-based Tamadoges.

It’s still early for TAMA, given that its presale began only last week. Nonetheless, it has already amassed over 25,500 followers on Twitter and more than 17,000 on Telegram. It joined Twitter only last month, meaning it has grown very quickly.

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