{"id":293474,"date":"2021-07-02T11:18:21","date_gmt":"2021-07-02T15:18:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=293474"},"modified":"2024-06-06T18:00:43","modified_gmt":"2024-06-06T18:00:43","slug":"top-5-cryptocurrencies-to-buy-for-weekend-rally-july-2021-week-1","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/top-5-cryptocurrencies-to-buy-for-weekend-rally-july-2021-week-1","title":{"rendered":"Top 5 Cryptocurrencies To Buy For Weekend Rally July 2021 Week 1"},"content":{"rendered":"

The cryptocurrency market remains flat today, after a week of partial recovery. Its total value has declined by 0.8% in 24 hours, while most major coins are similarly lethargic.<\/p>\n

However, with the general trend since last weekend moving upwards, there’s the chance of further growth spurts.<\/p>\n

We’ve therefore picked our top 5 cryptocurrencies to buy for a potential weekend rally. This mostly covers coins with good short-term potential, although there are a few with more long-term viability as well.<\/p>\n

Top 5 Cryptocurrencies To Buy For Weekend Rally<\/h2>\n

1. Bitcoin (BTC)<\/h3>\n

Bitcoin’s performance in recent days hasn’t been spectacular. However, it remains one of the likeliest cryptocurrencies to benefit from genuinely bullish news, given its steadily growing use. It’s currently down by 0.5% in the past 24 hours, and down by 4% in the past seven days. But despite also being down by 12% in the past fortnight, it remains just over 250% up across the last 12 months.<\/p>\n

\"Bitcoin<\/a><\/p>\n

At $33,400, bitcoin remains 48% below its all-time high of $64,804, set on April 14. In other words, it has plenty of room to rebound. A recent report from Pantera Capital<\/a> showed that, at $40,000, BTC was priced 36% below its 11-year trend. It’s now 46% below where its 11-year price history suggests it should be. The controversial stock-to-flow model also suggests a price for bitcoin approaching $100,000, again indicating that BTC is due a big bounce.<\/p>\n

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June closing price $35,037 .. as far below S2F model as in Jan 2019. Next 6 months will be make or break for S2F (again). pic.twitter.com\/W3TM5sOAwY<\/a><\/p>\n

— PlanB (@100trillionUSD) July 1, 2021<\/a><\/p><\/blockquote>\n