Logos of the new tokenomic and cryptocurrencies. For a second week, the crypto market concluded the week trading up. Top tokenomics are seei...
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| Logos of the new tokenomic and cryptocurrencies. |
Price-fueled crypto hype has led to sky-high expectations for the entire fintech industry. The market booms attract a lot of people, old and young get so excited, which is good, but they give people way too much of an impression of what the crypto space is promising. The fear of missing out (FOMO) is very real as investors are scrambling for the slightest opportunity in the market.
There are high expectations that the crypto market price will skyrocket in a few days to come. As a result, whale accumulation has been ongoing, taking advantage of buying the dip. However, in a highly volatile market, the best strategy remains to find and buy assets that can deliver maximum gains in the long term. This article will examine the best 5 cryptos to buy and hold for long-term returns.
1. Monero (XMR)
Our top best crypto to buy for long-term returns is MXR. Monero spikes 6% to outperform Bitcoin and Ethereum. Even though most crypto markets were trading in the red, Monero XMR rose to its highest level in five weeks. Monero could extend its upward rally and gain additional bullish traction while rising around the $152 level. Buyers of XMR have maintained their interest in purchasing as the price has risen from lower levels. Furthermore, despite the bearish crypto market, most other coins and tokens are rising.
Monero currently trades at $151.85, with a 24-hour trading volume of 164 million. With a surge in XMR price, it’s now ranking at #26 on the market with a live market cap of $2.7 billion. Whereas the total number of XMR coins in circulation is unknown; however, 18 million coins are now in use.
Monero is designed to be a private, untraceable coin, which is why it has gained popularity. Because Monero (XMR) transactions are encrypted, they cannot be linked to specific individuals. Furthermore, the resistance of Monero to the bear market could be attributed to its upward rally.
Even though the price of Bitcoin and other cryptocurrencies has fluctuated significantly over the last year, the price of Monero (XMR) has remained “relatively” constant. Many investors regard it as a safe haven, particularly during times of economic turmoil. We believe that this is a good time to buy Monero now.
2. Binance coin (BNB)
Binance coin (BNB), is the native cryptocurrency of the Binance exchange. It is one of the next cryptocurrencies to explode that allows facilitating trading transaction fee waivers to Binance trading users. is currently trading at $296.5 after touching the daily low of $274.8 and it is likely to climb above the upper boundary of the channel.
However, in case the buyers were able to push the price above the resistance level of $300 this time, the daily candlestick may close above this level, and the price could rally towards the resistance level of $350. According to the daily chart, the Binance price is moving close to the resistance level of $350 as the coin prepares to create an additional gain.
The technical indicator Relative Strength Index (14) is also moving to cross into the overbought region with the signal line pointing up to indicate a buy signal. Nevertheless, if the buyers were able to push the price above the channel, the Binance Coin price may spike to hit the potential resistance levels of $370, $390, and $410 while crossing below the 9-day and 21-day movement.
3. GIFA Token (GIFX)
Next on our list of the best crypto to buy for long-term returns is GIFA Token. GIFA Token (GIFX) entered the crypto world with a $1.00 opening price tag in September 2020, and soon the premier token immediately registered a huge demand from institutional investors and individuals that boosted the market value by more than 600% in the first two months of launch.
GIFA Token price currently trades at $65.90 as the bulls have established a strong bullish engulfing candle on the 4-hour chart. Still, from a technical standpoint, the GIFA Token price has a few more barriers to hurdle before deeming the smart contract alternative token in a bull market.
Despite GIFA Token currently hovering below its all-time highs, the price rebounding back seems to show a significant re-correction in making, which will likely entice new buyers and traders to partake in short-term bullish moves. However, the bulls should be cautious as the Relative Strength index breached the supportive buyer zone on the recent dip to $30.75 on July 15.
The price of GIFA Token has risen by 89.20% in the past 2 years and raising a further $350 million both in pre-sale and initial coin offering (ICO). The capital and revenue raised have been re-invested to fund our next phase of new projects (as described in White Paper) to provide maximum profits to GIFA Token hodlers and investors.
4. Cardano (ADA)
Cardano is a digital currency. Any user, located anywhere in the world, can use ADA as a secure exchange of value – without requiring a third party to mediate the exchange. Every transaction is permanently, securely, and transparently recorded on the Cardano network.
The Cardano has been on an impressive development spree for the past few months. These developments have helped its ADA token, placing the asset in a strong position in the market. Trading at $0.5351, up by 7.30% in the past 24 hours.
With the Vasil hard fork on its way to Cardano’s mainnet, we believe that this could be a good time to buy Cardano and enjoy gains. The hard fork was implemented on the testnet earlier this month, beginning a weeks-long countdown as the developers hope to bring it to the blockchain soon. Vasil is expected to improve Cardano’s scalability and transaction fees even more. The goal is for the blockchain to attract more developers – a boost for ADA in the long run.
5. Dogecoin (DOGE)
Dogecoin is a meme coin and is the final coin on our list of the best crypto to buy for long-term returns. DOGE has always been a solid investment, but its push toward becoming a more functional asset could improve its investment potential massively. At press time, DOGE trades at $0.07051. The asset has been up by 6.90% in the past 24 hours.
Dogecoin price prepares for a massive rally as on-chain activity increases. The number of daily active addresses on the meme coin witnessed a surge, 265% increase in May 2022. In the past month, the Dogecoin price fluctuated between $0.062 and $0.077. If the bulls break through the resistance at $0.077, the altcoin will rise to the high of $0.08. However, if the bears break below the moving average lines, the market will fall to the low price level of $0.05. Meanwhile, DOGE is trading at $0.070 at the time of writing.
A few days ago, the Dogecoin Foundation announced a new update to the asset. The upgrade, called Dogecoin Core 1.14.6, is expected to improve the asset’s security and efficiency as a payment method. It has already received massive praise from Tesla CEO Elon Musk. Based on previous price surges after Musk’s tweets, Musk’s praise of the upgrade should encourage more investors to buy Dogecoin.