Looking for the best cryptocurrencies to invest in for the long term? Here are The Top 6 Cryptocurrencies to Invest in for the Long Term Wealth Creation that can be 100x your wealth.
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Bitcoin is the OG Crypto that was created in 2009. It is the most popular and widely-accepted cryptocurrency, and its price has seen significant growth over the past few years. Bitcoin is a good investment for the long term because it is a store of value and has a limited supply.
Retested successfully above the inverse head & shoulder. A big move is coming soon 👀🚀
Ethereum is the second-most popular cryptocurrency and is known for its smart contracts platform. Smart contracts can self-execute and they can be used to automate transactions and agreements. Ethereum is a good investment for the long term because it has a large and active community and is constantly evolving.
On the Weekly TF level the price action of $ETH Formed out Ascending Triangle pattern where the price action bounced back from its Horizontal Support level. It’s currently respecting our horizontal Resistance level from where we can expect a rejection level.
BNB is the official token of the the largest crypto exchange in the world, and it’s used to pay for fees on the exchange. Binance Coin is a good investment for the long term because it is backed by a large and successful exchange.
On Weekly TF level the price action of $BNB Formed out Bearish Flag Pattern level where it has broken down the Horizontal Support level and currently heading towards its second weekly S/R level marked between the $241.2 to $206.4 level.
We can see the price action will claim out the 2nd Support level.
Solana is a relatively newer cryptocurrency that has seen significant growth in recent times. Solana is a high-performance blockchain that can process transactions quickly and cheaply. Solana is a good investment for the long term because it has the potential to disrupt the traditional financial system.
On the Weekly TF level the price action of $SOL After following the Head & Shoulders patterns reached its Weekly Demand zone level and currently consolidating at that level.
MATIC is a layer-2 scaling solution for Ethereum. MATIC allows for faster and cheaper transactions on Ethereum. MATIC is a good investment for the long term because it has the potential to reduce the congestion on Ethereum and make it more user-friendly.
On the Weekly TF level, the price action of $MATIC Formed out Ascending Triangle pattern level where the price action has broken down the Support trendline level.
Also formed out Bullish Harmonic Shark pattern level where the price action is yet to complete our D leg level.
Litecoin is a fork of Bitcoin that is designed to be faster and cheaper than Bitcoin. Litecoin is a good investment for the long term because it has a large and active community and is a popular choice for payments.
On Weekly TF level the price action of $LTC Bounced back from its Weekly Support level after breaking out Descending Triangle pattern level.
These are the top 6 Cryptocurrencies to Invest for the Long Term.
Additional tips for investing in cryptocurrencies:
- Don’t put the money into crypto which you cannot afford to lose.
- As Warren Buffett says “Don’t put all your eggs in one basket”. Spread your investment across multiple cryptocurrencies.
- Hold for the long term. Cryptocurrency is a long-term investment. Don’t expect to get rich quick.
The Top 6 Cryptocurrencies to Invest for the Long Term are decided on the basis of Fundamentals,Team,Adaptability and use case.
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