The cryptocurrency market has recovered slightly after two days of losses. At $2.13 trillion, the total cap is up 1.3% in the past 24 hours, but has fallen 6% since Monday. It’s a similar story with virtually every major coin on the market, with BTC dropping nearly 4% in seven days. That said, the original cryptocurrency has risen slightly in the past hour, foreshadowing the possibility of a spurt at the end of the week. Therefore, here is our list of the 5 best cryptocurrency to buy for the weekend rally.
5 best cryptocurrency to buy for the weekend rally
1. Lucky Block (BLLOCK)
At $0.00284750, LBLOCK is down 5% in the last 24 hours while it is up 12% in the past week. On the other hand, it has fallen by 44% in a month.
LBLOCK is up more than 500% since the end of January when it first became tradable. And even if it has fallen from a record high of $0.00974554, it remains a good bet going forward.
It is the native token of the Lucky Block lottery platform, which runs on Binance Smart Chain. With the aim of making lotteries more transparent and fair, Lucky Block will hold its first draw later this month. All holders of the LBLOCK token will receive an equal share of 10% of each draw, while those who pay LBLOCK to enter have the chance to win 70%.
Lucky Block is making rapid progress towards its very first draw. The Android app has launched in beta while the iOS app is currently under review by the Apple App Store.
✅ Lucky Block Update
👉 Lucky Block web app – working on security solutions and fiat ramps.
👉 Desktop Apps – Testing Continues, Fixing Bugs
👉 iOS App – Still in App Store Connect, waiting for feedback that should arrive soon
👉 Android app update incoming pic.twitter.com/H8mfL5Mmbe
— Lucky Block 🤞 (@luckyblockcoin) Apr 7, 2022
Other signs of growth include the fact that LBLOCK now has nearly 50,000 holders, despite not even having its first draw yet. Lucky Block has also recently launched its own NFTs, which will be part of its smaller NFT-based lottery.
To all Platinum Roller$ Club owners #NFT
We can now run the NFT lottery before all NFTs are sold
💰It means the $1M NFT giveaway will be launched BEFORE all 10,000 limited edition pieces are sold
Full statement https://t.co/Q6A0tLnalZ pic.twitter.com/Vn3yBi6Es1
— Lucky Block 🤞 (@luckyblockcoin) Apr 5, 2022
For a cryptocurrency barely four months old, LBLOCK has done quite well. It is currently listed on PancakeSwap and LBANK Exchange.
2. Bitcoin (BTC)
BTC is today $43,850, up 0.9% in the past 24 hours and up 0.8%. It had fallen in the past few days and has fallen by almost 4% in a week. However, it is up 13% in a month.
BTC has had a rough few days, but the relative strength index (in purple above) is rising rapidly. This suggests a rally could be ahead, a picture supported by the 30-day moving average (in red) nearing a bottom versus the 200-day moving average (blue).
Regardless of the timing, BTC is almost always the safest bet in the cryptocurrency market (relatively speaking). It continues to attract further accumulation, something that reduces its supply and increases the likelihood of a major rally. For instance, MicroStrategy announced this week it had acquired another 4,167 BTC, bringing its total holdings to 129,218 BTC. In addition, the amount of BTC that has not moved for at least 12 months now equals its all-time high of 64%.
the amount of #Bitcoin that hasn’t moved for 12 months or more has now reached its all-time high of 64%
Last time this happened the price was $10-11k for a huge rally pic.twitter.com/GX9LfNVlRl
— Alistair Milne (@alistairmilne) Apr 5, 2022
Such accumulation lays the groundwork for a potentially large rally, with institutions now holding about $66.7 billion in bitcoin. This is why BTC is one of our 5 best cryptocurrency to buy for the weekend rally.
3. NEAR protocol (NEAR)
NEAR is up 23% in the past 24 hours to $18.97. This represents a 40% increase in the past week, as well as a 95% jump in the past 30 days.
NEAR’s indicators show that it is setting new long-term levels. They also show that it is very likely to break its current all-time high of $20.44, which was set back in January.
March was an eventful month for the NEAR community.
Read the March recap 🔽https://t.co/CCqlOmyeKx
— NEAR protocol (@NEARProtocol) Apr 1, 2022
Such growth not only increases the demand for NEAR, but also inspires confidence in the future of the NEAR protocol. That is why there is a rush to take over NEAR. But with Near Protocol’s total value still at a modest $366 million, there’s plenty of room for continued growth. That’s why we’ve included NEAR in our list of the 5 best cryptocurrency to buy for the weekend rally.
4. Cardano (ADA)
ADA is at $1.10 today, representing an increase of 1.8% over the past 24 hours. Despite a 4% drop in the past seven days, it remains a 36% increase in the past 30.
ADA’s RSI shows the start of a possible rally. A big rally for ADA is sure to happen sooner or later, given Cardano’s fundamentals. It has grown rapidly in recent months, with smart contracts launching in September, followed by Cardano’s ecosystem expanding to nearly 900 projects in development.
Nearly 900 projects are currently #BuildinOnCardano And this is just the beginning…
Keeping up with all the news is a chore and we’re still working on it. But we’ve got you covered. In this thread we look at the latest ecosystem updates
— Input Output (@InputOutputHK) Apr 5, 2022
From just $1 million at the beginning of January, Cardano’s total value has now risen to $233 million. This is an increase of more than 23,300%, with the launch of the DEX SundaeSwap in January largely responsible for this growth.
While Cardano arguably remains an ‘unfinished’ system, there is no doubt that it is growing rapidly. Input Output Hong Kong continues to evolve its possibilities, as well as announce new projects† So it’s in a good position to enjoy a rally or two in the coming months.
5. Radix (XRD)
XRD is up 9.5% in the past 24 hours to $0.146330. While the XRD has been virtually flat for the past week, it is up 20% in the past 30 days.
What is interesting about XRD is that it has been more or less inactive since it hit a record high of $0.65126 in November. It could therefore be a very big rally in the coming weeks, with an RSI now approaching 70.
XRD remains a very new currency, having become tradable at the end of August. It is the native token of the Radix, a layer-one blockchain aimed at DeFi applications. It uses a proof-of-stake consensus mechanism, making it faster than its proof-of-work rivals. That means XRD can be used for staking, while also being used within the Radix platform to pay fees, which are then burned. With a capped supply of 24 billion XRD, this combustion could make XRD inflationary in the future.
What makes Radix a viewer is that it promises faster development times than other blockchains. This was underlined by the release of Scrypto, a programming language that Radix created with the aim of enabling the rapid, yet secure development of DeFi apps.
Just released Scrypto – an asset-based language simpler than Solidity, developers can start building dApps.
Developed their own scalable consensus mechanism – Cerberus.
Huge marketing push and strong community that shares the vision.#Radix Interview. @radixdlt
— Alexander Lorenzo (@alexoncrypto) Apr 4, 2022
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