Cryptocurrencies have done better than American stocks this year. Bitcoin has more than doubled, while smaller meme coins like Dogwifhat and Popcat have minted many millionaires. So, let us explore some of the 5 crypto to buy this December for a great retirement.
Best crypto to buy for a good retirement
While Bitcoin is the best-known cryptocurrency, many others make a good investment. When looking at coins to buy and hold, it is good to look at those with a good staking yield and strong momentum.
Mantra | OM
Mantra is one of the best coins to buy and hold. It has a strong staking yield of almost 30%. It also has a strong momentum as it has surged by more than 11,400% from its lowest point in January.
On the daily chart below, the coin has formed a falling wedge chart pattern. This pattern is made up of two falling and converging trendlines. It often leads to a strong bullish breakout in most instances.
Mantra has also formed a bullish flag chart pattern, which is made up of a vertical line followed by a consolidation. Therefore, there are odds that the Mantra price will stage a strong bullish breakout, and possibly jump to $10 soon.
Aureal One | DLUME
Aurel One is a top cryptocurrency that offers a good opportunity for investors. It has attracted thousands of investors in its presale. Part of the reason for this is that it offers an easy way to generate a return since the DLUME price is rising per stage.
DLUME token was trading at $0.0007 and will list at $0.005. As such, anyone who buys it now can expect a 614% return. In contrast, the S&P 500 index has risen by less than 300% in the last decade.
Aureal One is in the fast-growing industry of the metaverse and gaming, which are expected to do well over time.
Polkadot | DOT
Polkadot is another good crypto to buy because of its strong momentum and its strong staking yield of 11.82%. This yield means that an investor with $10,000 will receive about $1,100 annually.
Polkadot coin has also formed a golden cross pattern as the 50-day and 200-day moving averages have crossed each other. It has also moved slightly above the 61.8% Fibonacci Retracement level.
DOT price was trading at the weak, stop & reverse point of the Murrey Math Lines. This means that it has more room to go to get the extreme overshoot at $11.91, which is about 27% above the current level.
Cosmos | ATOM
Cosmos is another popular cryptocurrency to buy and hold. On the daily chart, it is about to form a golden cross, a few weeks after it completed the multi-month falling wedge pattern. A falling wedge is made up of two converging trendlines and is a popular bullish reversal pattern.
With many altcoins eying their year-to-date highs, ATOM price could hit $14.51, which is about 70% above the current level. Cosmos is also a high yielder, with a staking return of 20%.
Celestia | TIA
Celestia is another good cryptocurrency to buy for retirement. It has a leading market share in the modular data industry, and is 65% below its all-time high.
On the daily chart, the TIA token has just made a breakout after consolidating in the past few months. That is a sign that Celestia is about to make a bullish breakout that could push it higher to $12.46, its highest level on April 20 and 65% above the current level. Celestia has a staking yield of at least 10%.
Conclusion On The Best Cryptocurrency To Buy
These cryptocurrencies combine strong techicals and high staking rewards. Staking is where an investor delegates his tokens to secure a network and then earns a reward every month. For example, a 20% yield is much higher than that of the popular Schwab US Dividend ETF (SCHD), which yields about 3%.
The post Top 5 Crypto to Buy This December for a Wealthy Retirement appeared first on CoinGape.
