After yesterday's day of recovery, the cryptocurrency market remains flat. Its total cap, $1.86 trillion, represents a 28.5% decline over the past 60-days. It still has a lot of work to do if it hopes to recover November's heights. The flip side to this is that many coins can be purchased cheaply and should rally once the market recovers. We've compiled a list of the top 5 cryptocurrency to help price rebound.

Five Best Cryptocurrencies for Price Rebound

1. Lucky Block (LBLOCK).

LBLOCK has fallen 36% over the last 24 hours to $0.00124301. It has increased by 232% since being tradable six days ago via PancakeSwap.

LBLOCK, the native token of Lucky Block's lottery platform that runs on Binance Smart Chain, is the currency. It was launched at the end last month and will hold its first lottery on March 25, 2022. Lucky Block will continue to hold regular draws after this date.

Lucky Block offers LBLOCK holders entry to its lottery draws. LBLOCK holders can buy tickets for draw draws. These tickets will allow them to be eligible to win 70% of the jackpot funds. Even if they don't pay for a draw, just holding LBLOCK will allow them to share in 10% of each jackpot fund.

Investors can currently trade LBLOCK and BNB on PancakeSwap. More listings are planned for the future. The new altcoin's price is so low that it could see a significant increase in value once it has more listings and uses.

2. Bitcoin (BTC).

BTC is at $38,561 today and has risen by 0.8%. This is a 4% increase in the last week but an 18% drop in the month. BTC also fell 44% from its November 10 record of $69,044.

The chart of BTC over the last year suggests that it may have reached its bottom. Its relative strength index (in purple) reached 20 within a few days. This indicates that traders may have been selling it too much. The RSI has risen to 40 since then, which suggests that it could be on the rise. However, the 30-day moving average (in red), still points downwards. It may, however, be on the verge of turning around.

History has shown that the cryptocurrency market does not rise significantly without BTC. If you believe that the market will rebound sooner than expected, it is worth allocating some of your portfolio to BTC.

Bitcoin continues to attract institutional investment more than any other cryptocurrency. Its secure network and deflationary tokenomics make it a great choice for the future. It is one of the top 5 cryptocurrency that can help price rebound.

3. Ethereum (ETH).

ETH has risen 1.2% to $2,777 in the last 24 hours. It has also increased by 12.5% over the past week but is down by 28% over the past month.

ETH has also fallen by 43% compared with its record high of $4.878, which was set on November 10. ETH is still a stable choice, despite some altcoins falling by 57.5%, 65.2% (ADA), and 62.9% respectively since their respective records.

ETH, like Bitcoin, is one of the best cryptocurrencies. Its native platform, Ethereum is still the most dominant layer-one blockchain. With its total value accounting for approximately 70% of the global DeFi market, it holds about 70%.

Ethereum plans to make this year a transition to a proof of stake consensus mechanism. This will place restrictions on the supply of ETH. It is possible that this, along with the introduction of fee burning last year, will make ETH significantly more deflationary.

It's possible that December could be the first month when Ethereum experiences negative net issue (deflation).

-- Messari (@MessariCrypto December 7, 2021

Additionally, Ethereum will be more scalable and useable as a Blockchain with the implementation of proof-of-stake. This will increase adoption which will in turn lead to more demand for ETH. In other words, ETH could rally strongly in the second half, despite falling with the market.

4. Theta Fuel (TFUEL).

Today's TFUEL price is $0.176723, which is flat. However, it is up by 36% over the past week and down by 15% over the last 30 days.

TFUEL's indicators indicate that the altcoin may be recovering from its recent decline. The altcoin has fallen 74% from $0.681590 in June to $0.681590 now, and it still has a long way before it recovers.

TFUEL, the native token of the blockchain-based video streaming platform Theta has been rallying for many reasons. The most notable was the launch of the highly anticipated ThetaDrop NTF market yesterday. To coincide with this release, an airdrop will be taking place of new TDROP tokens. To participate, investors had to stake TFUEL. This is why the demand for the coin has increased in recent days.

Theta has also seen several important launches and collaborations in recent weeks. Its partnership with Curate NFT marketplace prompted another rally last month and it recently announced a tie in with entertainment group Entain.

-- ThetaNetwork (@Theta_Network), January 31, 2022

This is a testament to Theta’s remarkable growth in the last weeks. It's why we have made it one our 5 top cryptocurrency for price rebound.

5. Cardano (ADA)

The ADA has increased by 2% over the last 24 hours to $1.07. It is also up by 3% over the past week and down by 22% over the past month.

ADA also fell by 65% compared with its ATH of $3.09. It has the potential to rebound strongly. Its technical show suggests that it may have reached its bottom, with its RSI at 40. This is a significant improvement on December's 30. Its 30-day average is also well below its 200 day, which could indicate a possible turnaround.

Cardano also has seen a growing usage of its blockchain platform after months and years of development. It was also the first decentralized exchange to be launched, SundaeSwap on January 20.

This is normal for large NFT drops and DEX launches. We appreciate your patience during these hectic times.

-- January 20, 2022 -- Input Output (@InputOutputHK).

It also saw a total value lock in for the first times in its history. This is still a modest $73 million, but it has risen by nearly 2,000% since the launch of SundaeSwap. This is a sign of the potential explosive growth it has in store.

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By: Simon Chandler
Title: 5 Best Cryptocurrency for a Price Rebound February 2022
Sourced From: insidebitcoins.com/news/5-best-cryptocurrency-for-a-price-rebound-february-2022
Published Date: Wed, 02 Feb 2022 10:48:13 +0000