{"id":295802,"date":"2021-07-26T13:48:21","date_gmt":"2021-07-26T17:48:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=295802"},"modified":"2024-05-31T16:02:36","modified_gmt":"2024-05-31T16:02:36","slug":"5-best-cryptocurrency-to-buy-for-recovery-july-2021-week-4-2","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/5-best-cryptocurrency-to-buy-for-recovery-july-2021-week-4-2","title":{"rendered":"5 Best Cryptocurrency To Buy For Recovery July 2021 Week 4"},"content":{"rendered":"

Looking for the best cryptocurrency to buy for recovery? In this review, we take a rundown at the top cryptocurrencies moving the market with the potential for massive gains. Let’s jump right in.<\/p>\n

5 Best Cryptocurrency To Buy For Recovery July 2021 Week 4<\/h2>\n

1. Binance Coin (BNB)<\/h3>\n

\"BNB<\/p>\n

Starting off our list of cryptocurrency to buy for recovery is the utility token of the Binance exchange, the Binance coin (BNB).<\/p>\n

Last week Tuesday, BNB dropped to $266.32 on the daily chart, but the coin appears to be recovering presently. Despite Binance’s recent regulatory issues, BNB has increased by 5.49% in the last 24 hours and is currently trading at $317.10.<\/p>\n

Recent comments made by the CEO and founder of Binance, Changpeng “CZ” Zhao, may have helped jolt BNB back up. Zhao made known in an online event<\/a> called REDeFiNE Tomorrow that its US arm, Binance US may list shares through an initial public offering soon.<\/p>\n

Binance is also looking to hire a new chief executive officer with a very strong regulatory background to curtail the regulatory issues.<\/p>\n

BNB’s strong potential can be seen on the chart, with the 200-day moving up from its present trading at $319.71. The Relative Strength Index (RSI) is also supporting this bullish momentum at 66.34. BNB looks like it will continue on this comeback path. This is why it is a top cryptocurrency to buy for recovery.<\/p>\n

Buy BNB Now<\/span><\/a><\/div>\n

2. ThorChain (RUNE)<\/h2>\n

\"RUNE<\/p>\n

RUNE, the utility token of Cross-chain swap platform ThorChain, is another cryptocurrency to buy for recovery.<\/p>\n

RUNE allows users to vote on matters concerning the ThorChain decentralized liquidity protocol. It also enables users to easily exchange cryptocurrency assets across a range of networks on the platform.<\/p>\n

Just a few days ago, RUNE’s token price tumbled after the blockchain suffered an exploit for the second time in two weeks, to the tune of about $8 million.<\/p>\n

This news sent RUNE tumbling down to $3.58 on July 23 and left the token wobbling for a while.<\/p>\n

However, the RUNE token is back up by 19.66% in the last 24 hours and is trading at $4.24.<\/p>\n

RUNE could grow beyond its current price level soon, according to the chart. The token’s 20-day moving average (MA) is $4.30, indicating bullishness.<\/p>\n

However, its 200-day MA is at $4.19, showing RUNE might go a bit lower before a bounce back. The asset’s relative strength index (RSI) is 42.56, meaning it is above the oversold region.<\/p>\n

Buy RUNE Now<\/span><\/a><\/div>\n

3. Dogecoin (DOGE)<\/h2>\n

\"dogecoin<\/p>\n

Popular meme cryptocurrency Dogecoin (DOGE) is a worthy cryptocurrency to buy for recovery. This asset has proved that no matter how long a cryptocurrency tumbles, it can always climb right back up.<\/p>\n

Companies have adopted Dogecoin recently through partnerships and listings. One of these companies is Deodorant and lifestyle firm Axe. Axe recently teamed up with Dogecoin’s team to release a limited edition “crypto scented” body spray. The perfume firm had announced during the DOGE day celebration that it plans to launch the Dogecoin-inspired body spray called Dogecan.<\/p>\n

Coinbase’s e-commerce platform, Coinbase Commerce has also thrown its weight behind Dogecoin by integrating<\/a> Dogecoin payments on the platform.<\/p>\n

\n

much payment. very commerce. 🐕<\/p>\n

Just a quick blast to let you know we’re now accepting commerce payments in Dogecoin (DOGE)!<\/p>\n

— Coinbase Commerce (@CommerceCB) July 21, 2021<\/a><\/p><\/blockquote>\n