{"id":295946,"date":"2021-07-27T10:18:31","date_gmt":"2021-07-27T14:18:31","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=295946"},"modified":"2021-07-28T06:22:46","modified_gmt":"2021-07-28T10:22:46","slug":"5-best-cryptocurrency-to-buy-at-cheap-prices-july-2021-week-4","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/5-best-cryptocurrency-to-buy-at-cheap-prices-july-2021-week-4","title":{"rendered":"5 Best Cryptocurrency To Buy At Cheap Prices July 2021 Week 4"},"content":{"rendered":"

The cryptocurrency market has recoiled slightly after its strong rally yesterday. Its total value fell to $1.46 trillion earlier today, having stood at $1.58 trillion the day before. This marks a decline of around 7.5%, although the market has partly recovered since the morning. Some of the biggest altcoins have shrunk by more than 4% in the past 24 hours. However, while Amazon has now officially denied<\/a> rumours related to it accepting bitcoin, the recent fall presents opportunities for buying cryptocurrencies at a discount. At the same time, the market remains comfortably below all-time highs set back (mostly) in May. That’s why we’ve picked the 5 best cryptocurrency to buy at cheap prices.<\/p>\n

This mostly covers coins with a low price right now. Although it also includes a couple that are cheap relative to their likely long-term price.<\/p>\n

5 Best Cryptocurrency To Buy At Cheap Prices<\/h2>\n

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

Bitcoin (BTC) has eased off a little after climbing as high as $40,347 yesterday. It now stands at just over $38,000, representing a 22% rise over seven days and a 18% increase over 30. Commentators suggest that this jump is largely the product of reports indicating Amazon would soon be accepting bitcoin. However, the fact that BTC remains up compared to a week ago, despite Amazon’s official denial, indicates that the retail giant wasn’t the only factor.<\/p>\n

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

While $38,000 is obviously a considerable lump of money, BTC is still 40% below its record high of $64,804. This arguably makes it one of the 5 best cryptocurrency to buy at cheap prices. That said, $38,000 may seem even cheaper still, if you think BTC has the potential the rise well above $64,000.<\/p>\n

In fact, numerous analysts and industry participants do believe bitcoin is going higher. A recent survey of 42 cryptocurrency researchers and executives<\/a> resulted in an average end-of-year price prediction of $66,284. More importantly, the average prediction for the end of 2025 was $318,417. Such a figure makes $38,000 look incredibly cheap.<\/p>\n

At the same time, models also indicate a high price for bitcoin in the not-too distant future. Bitcoin’s 11-year exponential trend forecasts a price of $100,000<\/a> by the end of the year. Meanwhile, the stock-to-flow model suggests a price well over $100,000 by 2022. Its biggest proponent — the pseudonymous analyst PlanB — claims that it’s currently supported by on-chain data<\/a>.<\/p>\n

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Just to confirm: both my S2F(X) model and on-chain signal point towards a second run of this bull market🚀 pic.twitter.com\/d8NB4jNoTL<\/a><\/p>\n

— PlanB (@100trillionUSD) June 15, 2021<\/a><\/p><\/blockquote>\n