{"id":297629,"date":"2021-08-06T05:49:41","date_gmt":"2021-08-06T09:49:41","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=297629"},"modified":"2021-08-06T05:49:41","modified_gmt":"2021-08-06T09:49:41","slug":"5-best-cryptocurrency-to-buy-for-the-weekend-rally-august-2021-week-1","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/5-best-cryptocurrency-to-buy-for-the-weekend-rally-august-2021-week-1","title":{"rendered":"5 Best Cryptocurrency To Buy For The Weekend Rally August 2021 Week 1"},"content":{"rendered":"

The cryptocurrency market is having a strong end to the week. Its total value has risen by nearly 4% in the past 24 hours, to $1.73 trillion. Ethereum is largely responsible for this upswing, with its much-awaited London upgrade successfully taking place yesterday. It has led increases across the board, with pretty much every cryptocurrency enjoying modest-to-strong gains in the past day. Accordingly, we’ve picked our 5 best cryptocurrency to buy for the weekend rally. This covers coins likely to continue rising over Saturday and Sunday. However, some of these also have good long-term potential.<\/p>\n

5 Best Cryptocurrency To Buy For The Weekend Rally<\/h2>\n

1. Ethereum (ETH)<\/h3>\n

Given that ethereum (ETH) is the main driver of this week’s rally, it would be foolish to ignore it for the weekend. At $2,776, it’s 3.2% up over the past 24 hours and 16.5% up over the past week. Impressively, it’s also 36% up over the past fortnight and nearly 20% above its price from 30 days ago.<\/p>\n

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

Ethereum is now only 36% down from its all-time high of $4,356, having been as low as $1,700 as recently as July 20. In other words, it’s making up lost ground fast. And there’s every reason to believe it will continue rising not only this weekend, but in the weeks ahead.<\/p>\n

This is mostly because of the London hard fork, which miners activated yesterday. It introduces a number of upgrades which make it more viable as a platform and an investment vehicle. In particular, EIP 1559 has resulted in Ethereum burning a portion of its transaction fees in every block, with some arguing that the cryptocurrency is now deflationary as a result.<\/p>\n

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Ethereum block 12,965,263 just burnt more ETH than issued.<\/p>\n

The first deflationary block in history. pic.twitter.com\/2hh53xAcB5<\/a><\/p>\n

— eric.eth (@econoar) August 5, 2021<\/a><\/p><\/blockquote>\n