The cryptocurrency market has had a good 24 hours. The total cap has increased by 2% to $2.09 trillion. Most major coins have gained similar or greater percentages over the same period, and as the market is up nearly 9% in the past week, momentum could continue to gain. That’s why we’ve selected our top 5 cryptocurrencies to buy for a price hike this weekend. While these coins look poised for a short-term gain, they also have good long-term potential.
5 Cryptocurrency To Buy This Weekend For Price Rise
1. Lucky Block (BLLOCK)
LBLOCK is today at $0.00276648, which represents a 5.8% decline in the past 24 hours. It is also down 33% in the past week and 50% in the past month.
LBLOCK may have fallen in recent weeks, but it continues to rise more than 500% since its launch in late January. And since the altcoin is the native token of the Lucky Block lottery platform, it has a lot of potential to rise further in the future.
Lucky Block is based on Binance Smart Chain and allows holders of LBLOCK to use the altcoin to enter draws. The first is scheduled for April, with cardholders having the chance to win 70% of the money from each draw. At the same time, all LBLOCK holders share 10% of each fund.
Lucky Block has also just launched 10,000 of its own non-fungible tokens. These NFTs – which were delayed the previous week (causing price losses) – will give holders access to special NFT-based draws. The fund for each of these is about 2% of the main Lucky Block draw.
Today is the day!
Platinum Rollers Club #NFT drop!
In just 5 hours we start with the #NFT mint party live on our Telegram
Join now and be ready – https://t.co/4MigxHlmDP
— Lucky Block 🤞 (@luckyblockcoin) March 19, 2022
As part of the build-up to Lucky Block’s first draw, the platform is doing: roll out the official app† It will also launch an Ethereum-based version of its token, something that should significantly increase its adoption.
🚨Lucky Block V2 #ETH Token and Bridge to V1 explained
Read to learn more about the upcoming $BLLOCK ERC20 ️
— Lucky Block 🤞 (@luckyblockcoin) March 14, 2022
2. Bitcoin (BTC)
BTC is up 2.5% in the past 24 hours to $44,122. This level also represents a 7.6% increase in the past week, as well as a 15% jump in the past 30 days.
BTC’s indicators are looking good right now. The relative strength index (in purple above) is approaching 70. The 30-day move (in red) has caught up with its 200-day moving average (in blue) and along with the RSI signals encouraging momentum.
BTC is almost always the cryptocurrency to bet on during a stagnant or bearish market, but a few things have happened recently to bolster its case even further. Most notably, Russian MP Pavel Zavalny has suggested that the government is willing to accept bitcoin as payment for oil and gas.
This admission led to BTC’s most recent jump from around $41,000 to its current level on Thursday. Yet BTC has also witnessed increased volumes in Ukraine and Russia during the ongoing military conflict between the two nations.
In addition, BTC remains the most invested cryptocurrency in terms of institutions. The latter currently accounts for around $67.5 billion worth of BTC holdings, showing why it is one of our top 5 cryptocurrencies to buy for a price hike this weekend.
3. Ethereum (ETH)
ETH is also up 2.5% in the past 24 hours, reaching $3,136. This means it is up 11% in the past seven days and up 18.6% in the past 30.
ETH’s indicators are similar to BTC’s and are showing good growing momentum. While the altcoin has not benefited from any good news from Russia (or any other nation state), it has been getting some good news lately. On March 14, it successfully launched the Kiln testnet. This will be used to test the merging between Ethereum’s current settlement layer and the new proof-of-stake consensus layer. Since this is the final testing phase, we can witness the actual merging in a short time frame.
Kiln, the next iteration of Ethereum merge testnets, is now live
It is highly recommended that node operators, application developers, strikers, tooling/infra providers test their settings on the network. Blog post has all the information to get started 😁https://t.co/TCHBZxcFlt
— Tim Beiko | timbeiko.eth 🔥🧱 (@TimBeiko) March 14, 2022
Needless to say, the completion of the merger in Q2 2022 would be a big boost for Ethereum and for crypto in general. It is therefore worth paying attention to what is happening with Kiln as it could usher in a big wave for ETH.
4. Aave (Aave)
At $173.15, AAVE is up 10% in the past 24 hours. It is also up 10% in the past week and up 45% in the past two weeks.
AAVE’s indicators have risen recently, in line with the broader market. However, the altcoin has specific news that helps it achieve above-average profits. That is, the DeFi platform recently rolled out the V3 version of its protocol and introduced a series of improvements that make it more efficient and decentralized.
1/ Aave V3 is here!
V3 is the most powerful version of the Aave protocol to date, offering groundbreaking new features ranging from increased capital efficiency to enhanced decentralization. Read what’s new in V3 in the thread below👇or visit https://t.co/H3jTyKRqNs to dive in! pic.twitter.com/LXzn7660nA
— Aave (@AaveAave) March 16, 2022
Aave is already the third largest DeFi platform (locked by total value) according to DeFiPulse. However, the launch of V3 is likely to push it even higher, as evidenced by the recent gains. This is why we listed AAVE as one of our top 5 cryptocurrencies to buy for a price hike this weekend.
5. Axie Infinity (AXS)
At $72.16, AXS is up 12% in the last 24 hours. It is also up 43% in the past week and 53% in the past month.
AXS’s 30-day moving average has surged in recent days, indicating a breakout. The RSI reinforces this impression, which reached 90 a few hours ago and remains at 80.
Since hitting a record high of $164.90 in November, AXS has been on the decline. In other words, it was the result of a strong rebound, which seems to be happening right now (to some extent).
The current rise is largely related to the launch of Axie Infinity Origin, a core update that will introduce new interfaces, game mechanics, art, special effects, and storylines. It should potentially breathe new life into a game that has lost active users since it peaked at 2.7 million in November. The daily active user count now stands at about 1.5 million, but this should increase again in the coming weeks and months.
🔥 Axie Infinity will launch its Origin update only on desktop computers at first. Later, the update will roll out with more features for mobile platforms; @AxieInfinity
➡️ Read more: https://t.co/ewtSfAZthz
— DappRadar (@DappRadar) March 24, 2022
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