5 best cryptocurrencies to buy for long-term returns

 


Investors are always on the lookout for the best cryptocurrency to buy for long term returns. In this article, we take a look at the assets that can generate maximum returns if you buy them now. Our review consists of heavyweights such as Bitcoin and Binance Coin and Birdchain. Let's get right to the point. 

 

1. Birdchain (BIRD)

Birdchain is based in the era of sharing Economy allowing users to benefit greatly by using blockchain technology. #Birdchain has multiple products coming up such as DEFI, NFT, etc.

The Birdchain BIRD token is seeing steady rise as markets recover. 

It definitely a token you should keep an eye one

Birdchain has currently built an incentivized App for the sharing economy era. It revolves around an easy-to-use, high engagement, marketing & content platform where users engage with content and get rewarded.

Installing #BirdChain App is very easy. Search For #Birdchain on playstore or use the link below.
https://play.google.com/store/apps/details?id=io.birdchainapp.app&hl=en&gl=US

2. Bitcoin (BTC)

Bitcoin is best known as the very first virtual currency to be adopted by the general public. 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 of its environmental impact and crackdowns. Lawmakers are even considering regulating digital assets in the United States despite multiple SEC pushbacks. 

Related: play games and get rewarded

U.S. lawmakers also recently passed a new infrastructure bill in which many senators are seeking clarification on the wording used to define brokers. The bill initially proposed an expanded taxation of cryptocurrencies to generate $ 28 billion in additional revenue.

As the United States continues to develop new rules, Argentina, the American nation, has revealed its willingness to embrace Bitcoin. Argentine President Alberto Fernandez has indicated his support for Bitcoin while answering a question about whether he would follow in El Salvador's footsteps. 

Related: See how to run ads on Birdchain

Businesses continue to embrace Bitcoin. AMC, the world's largest film exhibition company, is preparing to join a growing number of companies that accept Bitcoin as a form of payment. AMC boss Adam Aron recently revealed that his company is considering Bitcoin payments for movie tickets and concessions by the end of the year.

Bitcoin is making a comeback as it trades at $ 46,348. The coin has risen 4.03% in the past 24 hours on the daily chart. 

 Related See how birdchain makes your ads better

https://blog.birdchainapp.com/run-better-ads-with-birdchain/

Looking at its technical specs, Bitcoin is on an uptrend breaking 20-day moving average (MA) support at $ 46,545. Additionally, the Relative Strength Index (RSI) is also bullish, showing 56.48.

Bitcoin's long-term potential is bullish on the 200-day MA, which is priced at $ 46,393.


3. Ethereum (ETH)

The growing demand for Ethereum due to recent developments on its network makes it one of the best cryptocurrencies to buy for long term returns.

The Ether token (ETH) rallied well above average over the past month as it has gained momentum since launching the hard fork upgrade in London.

The upgrade is part of Ethereum's larger plan to move 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 made to the network. 

https://app.birdchainapp.com/

Ethereum developers aim to address scalability issues and high network charges on the network.

This hard fork for Ethereum has led to huge gains for the ETH token. Assets have passed the $ 3,000 mark, about 30% below their all-time high of $ 4,362 reached on May 12, 2021.

At the time of going to press, Ethereum was trading at $ 3,217, rising 3.76% in the past 24 hours. His 200-day long-term MA is $ 3,326, while his RSI is 56.21.


4.  Binance (BNB)

Binance Coin, also known as BNB, is next on our list of the best cryptocurrencies to buy for the long term. BNB's rapid growth and rapid rise in popularity boils down to its use as a discount token on the Binance Exchange and the development of Binance Smart Chain (BSC).

BSC is working to secure its network against hackers and cybercriminals. The project recently launched a $ 10 million bug bounty fund for projects based on the protocol called “Priority One”. The initiative encourages security experts and bug hunters to secure the blockchain network.

In terms of price, BNB is trading at $ 404.54 and has risen 4.52% in the past 24 hours. It is currently the third largest cryptocurrency according to CoinMarketCap, with a live market cap of $ 68 billion.

The token may further increase in value, 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 rising from its current trade to $ 395. The Relative Strength Index (RSI) is also at 45.15.


5. Polygone (MATIC)

Polygon's growth has been impressive this year. This can be seen by looking at the various Decentralized Finance (DeFi) projects that have rushed to integrate with the multi-chain solution in recent months. The constant integration of protocols on Polygon has positively affected its native token. Which makes it one of the best cryptocurrencies to buy.

Polygon recently welcomed DeFi, Mimo and Teller Finance protocols. Mimo is a platform that allows users to create stable tokens algorithmically indexed to the euro without spending digital assets. Teller Finance, which recently deployed its mainnet on Polygon, is a DeFi unsecured loan protocol.

Polygon also recently jumped on the non-fungible token (NFT) craze that has gained momentum this year. The network has just launched an NFT collection called PolygonPunks on the Polygon (Matic) network.

Polygon's price is currently $ 1.41 and has increased 4.09% in the past 24 hours. The 200-day MA price is bullish at $ 1.42, while the RSI is in the overbought region of 71.79.


6. Axie Infini (AXS)

Blockchain gaming has grown exponentially this year, and Axie Infinity is the number one player in this field. The Axie Infinity blockchain is a digital marketplace for popular online games built on the Ethereum blockchain. Axie adopts a very popular free-to-play model where players can earn income through NFTs, breeding, combat, and digital pet trading called Axies. The protocol is inspired by CryptoKitties. 

Birdchain NFT is also upcoming

The recent rise in the token makes it one of the best cryptocurrencies to buy this week. The native AXS token broke its all-time high of $ 76.96 just a few days ago, making it a good long-term investment.

Currently, AXS is trading at $ 71.62 and has risen 2.89% in the past 24 hours. It ranks 31st with an actual market cap of $ 4 billion. Looking at the coin's long-term potential, the 200-day MA price is bearish at $ 69.847. However, the RSI is above the overbought area at 81.34. 

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