Investors are always looking for the best cryptocurrency to buy for long-term returns. In this article, we examine the assets that can earn maximum returns if you buy them now. Our review consists of heavyweights such as Bitcoin and Binance Coin. Let’s jump right into it.
1. Bitcoin (BTC)
Bitcoin is better known as the first-ever virtual currency to gain mainstream adoption. Its crucial position in the nascent industry makes it the best cryptocurrency to buy this month.
Bitcoin’s value appears to be increasing rapidly despite criticism over its toll on the environment and crackdowns. Lawmakers are even considering regulating digital assets in the US despite the multiple pushbacks from the SEC.
US lawmakers have also recently passed a new infrastructure bill where many senators seek clarification on the wording used in defining brokers. The bill initially proposed an expanded cryptocurrency taxation to raise an additional $28 billion in revenue.
While the US continues to draw up new rules, fellow American nation Argentina has revealed a willingness to adopt Bitcoin. Argentine President Alberto Fernandez indicated support for Bitcoin while answering a question about whether he would follow El Salvador’s footsteps.
Businesses continue to adopt Bitcoin. AMC, the world’s largest movie exhibition company, is preparing to join a growing number of businesses that accept Bitcoin as payment. AMC boss Adam Aron recently disclosed that his company is mulling Bitcoin payments for movie tickets and concessions by the end of the year.
Bitcoin is staging a comeback as it is trading at $46,348. The coin is up by 4.03% in the last 24 hours on the daily chart.
Looking at its technicals, Bitcoin is on an uptrend surpassing the 20-day moving average (MA) support at $46,545. In addition, the Relative Strength Index (RSI) is also bullish, showing 56.48.
Bitcoin’s long-term potential is bullish on the 200-day MA, which shows a price of $46,393.
Capital at risk
2. Ethereum (ETH)
The growing demand for Ethereum due to recent developments on its network makes it one of the best cryptocurrency to buy for long term returns.
The Ether (ETH) token has rallied far above average in the last month as it has gained momentum from its London hard fork upgrade launch.
The upgrade is part of Ethereum’s larger plan to transition from the proof-of-work (PoW) consensus mechanism to the proof-of-stake (PoS) mining protocol. The London hard fork consists of five Ethereum Improvement Proposals (EIPs), containing a set of code changes to the network.
Ethereum’s developers aim to address the long overdue issues on scalability and high network fees on the network.
This hard fork for Ethereum has led to enormous gains for the ETH token. The asset has surged above the $3,000 mark, around 30% off its all-time high of $4,362 it reached on May 12, 2021.
At press time, Ethereum was trading at $3,217, increasing 3.76% in the last 24 hours. Its long term 200-day MA is at $3,326, while its RSI is at 56.21.
Capital at risk
3. Binance Coin (BNB)
Binance Coin, also known as BNB, is next on our list of the best cryptocurrency to buy for the long term. BNB’s fast growth and swift rise in popularity boil down to its use as a discount token on the Binance exchange and the Binance Smart Chain (BSC) development.
BSC has been working on securing its network from hackers and cybercriminals. The project recently launched a $10 million bug bounty fund for projects building on top of the protocol called “Priority One.” The initiative encourages security experts and bug bounty hunters to keep the blockchain network secure.
Price-wise, BNB is trading at $404.54 and is up by 4.52% in the last 24 hours. It is currently the third-largest cryptocurrency according to CoinMarketCap, with a live market cap of $68 billion.
The token can increase in value further, another reason why it is the best cryptocurrency to buy this week. BNB’s potential can be seen on the chart, with the 200-day moving up from its present trading at $395. The Relative Strength Index (RSI) is also at 45.15.
Capital at risk
4. Polygon (MATIC)
Polygon’s growth has been impressive this year. This is visible looking at the different decentralized finance (DeFi) projects that have raced to integrate with the multi-chain solution in the past few months. The constant integration of protocols on Polygon has affected its native token positively. Thereby making it one of the best cryptocurrency to buy.
Polygon recently welcomed DeFi protocols, Mimo and Teller Finance. Mimo is a platform that allows users to mint stable tokens algorithmically pegged to the Euro without spending any digital assets. Teller Finance, which recently deployed its mainnet on Polygon, is a DeFi non-collateral lending protocol.
Polygon has also recently jumped on the non-fungible token (NFT) craze that has gained momentum this year. The network just launched an NFT collection called PolygonPunks on the Polygon (Matic) network.
The Polygon price currently is $1.41 and is up 4.09% in the last 24 hours. The 200-day MA price is bullish at $1.42, while the RSI is at the overbought region of 71.79.
Capital at risk
5. Axie Infinity (AXS)
Blockchain gaming has seen exponential growth this year, and Axie Infinity is the top player in this field. The Axie Infinity blockchain is a digital marketplace for popular online games built on the Ethereum blockchain. Axie adopts a wildly popular free-to-play model where players can earn income through NFTs, breeding, battling, and digitally trading pets called Axies. The protocol draws inspiration from CryptoKitties.
The token’s recent surge makes it one of the best cryptocurrency to buy this week. The native token AXS broke through its all-time high of $76.96 only a few days ago, making it a good investment for the long haul.
Currently, AXS is trading at $71.62 and is up 2.89% in the last 24 hours. It is ranking 31, with a live market cap of $4 billion. Looking at the long-term potential of the coin, the 200-day MA price is bearish at $69.847. However, the RSI is above the overbought zone at 81.34.
Capital at risk
Traders are all the time in search of one of the best cryptocurrency to purchase for long-term returns. On this article, we study the property that may earn most returns for those who purchase them now. Our assessment consists of heavyweights corresponding to Bitcoin and Binance Coin. Let’s soar proper into it.
1. Bitcoin (BTC)
Bitcoin is best generally known as the first-ever digital forex to realize mainstream adoption. Its essential place within the nascent business makes it one of the best cryptocurrency to purchase this month.
Bitcoin’s worth seems to be growing quickly regardless of criticism over its toll on the surroundings and crackdowns. Lawmakers are even contemplating regulating digital property within the US regardless of the a number of pushbacks from the SEC.
US lawmakers have additionally not too long ago handed a brand new infrastructure invoice the place many senators search clarification on the wording utilized in defining brokers. The invoice initially proposed an expanded cryptocurrency taxation to lift an extra $28 billion in income.
Whereas the US continues to attract up new guidelines, fellow American nation Argentina has revealed a willingness to undertake Bitcoin. Argentine President Alberto Fernandez indicated help for Bitcoin whereas answering a query about whether or not he would observe El Salvador’s footsteps.
Companies proceed to undertake Bitcoin. AMC, the world’s largest film exhibition firm, is making ready to hitch a rising variety of companies that settle for Bitcoin as fee. AMC boss Adam Aron not too long ago disclosed that his firm is mulling Bitcoin funds for film tickets and concessions by the top of the yr.
Bitcoin is staging a comeback as it’s buying and selling at $46,348. The coin is up by 4.03% within the final 24 hours on the every day chart.
its technicals, Bitcoin is on an uptrend surpassing the 20-day transferring common (MA) help at $46,545. As well as, the Relative Power Index (RSI) can be bullish, exhibiting 56.48.
Bitcoin’s long-term potential is bullish on the 200-day MA, which exhibits a worth of $46,393.
Capital in danger
2. Ethereum (ETH)
The rising demand for Ethereum resulting from current developments on its community makes it the most effective cryptocurrency to purchase for long run returns.
The Ether (ETH) token has rallied far above common within the final month because it has gained momentum from its London onerous fork improve launch.
The improve is a part of Ethereum’s bigger plan to transition from the proof-of-work (PoW) consensus mechanism to the proof-of-stake (PoS) mining protocol. The London onerous fork consists of 5 Ethereum Enchancment Proposals (EIPs), containing a set of code adjustments to the community.
Ethereum’s builders purpose to handle the lengthy overdue points on scalability and excessive community charges on the community.
This tough fork for Ethereum has led to monumental beneficial properties for the ETH token. The asset has surged above the $3,000 mark, round 30% off its all-time excessive of $4,362 it reached on Could 12, 2021.
At press time, Ethereum was buying and selling at $3,217, growing 3.76% within the final 24 hours. Its long run 200-day MA is at $3,326, whereas its RSI is at 56.21.
Capital in danger
3. Binance Coin (BNB)
Binance Coin, also referred to as BNB, is subsequent on our listing of one of the best cryptocurrency to purchase for the long run. BNB’s quick progress and swift rise in reputation boil right down to its use as a reduction token on the Binance trade and the Binance Good Chain (BSC) growth.
BSC has been engaged on securing its community from hackers and cybercriminals. The undertaking not too long ago launched a $10 million bug bounty fund for initiatives constructing on prime of the protocol known as “Precedence One.” The initiative encourages safety specialists and bug bounty hunters to maintain the blockchain community safe.
Value-wise, BNB is buying and selling at $404.54 and is up by 4.52% within the final 24 hours. It’s at the moment the third-largest cryptocurrency in response to CoinMarketCap, with a stay market cap of $68 billion.
The token can enhance in worth additional, another excuse why it’s the greatest cryptocurrency to purchase this week. BNB’s potential could be seen on the chart, with the 200-day transferring up from its current buying and selling at $395. The Relative Power Index (RSI) can be at 45.15.
Capital in danger
4. Polygon (MATIC)
Polygon’s progress has been spectacular this yr. That is seen wanting on the completely different decentralized finance (DeFi) initiatives which have raced to combine with the multi-chain answer previously few months. The fixed integration of protocols on Polygon has affected its native token positively. Thereby making it the most effective cryptocurrency to purchase.
Polygon not too long ago welcomed DeFi protocols, Mimo and Teller Finance. Mimo is a platform that permits customers to mint steady tokens algorithmically pegged to the Euro with out spending any digital property. Teller Finance, which not too long ago deployed its mainnet on Polygon, is a DeFi non-collateral lending protocol.
Polygon has additionally not too long ago jumped on the non-fungible token (NFT) craze that has gained momentum this yr. The community simply launched an NFT assortment known as PolygonPunks on the Polygon (Matic) community.
The Polygon worth at the moment is $1.41 and is up 4.09% within the final 24 hours. The 200-day MA worth is bullish at $1.42, whereas the RSI is on the overbought area of 71.79.
Capital in danger
5. Axie Infinity (AXS)
Blockchain gaming has seen exponential progress this yr, and Axie Infinity is the highest participant on this subject. The Axie Infinity blockchain is a digital market for standard on-line video games constructed on the Ethereum blockchain. Axie adopts a wildly standard free-to-play mannequin the place gamers can earn earnings by NFTs, breeding, battling, and digitally buying and selling pets known as Axies. The protocol attracts inspiration from CryptoKitties.
The token’s current surge makes it the most effective cryptocurrency to purchase this week. The native token AXS broke by its all-time excessive of $76.96 only some days in the past, making it a great funding for the lengthy haul.
At present, AXS is buying and selling at $71.62 and is up 2.89% within the final 24 hours. It’s rating 31, with a stay market cap of $4 billion. Wanting on the long-term potential of the coin, the 200-day MA worth is bearish at $69.847. Nonetheless, the RSI is above the overbought zone at 81.34.
Capital in danger
