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Following the release of unimpressive inflation data this week, the crypto market appears to be following the traditional stock market in decline. However, current events demonstrate that the crypto space is as vibrant as ever despite the market downturn. Several assets may provide exceptional investment opportunities for investors who are not deterred by the current crypto winter.
This article will discuss the best cryptos to buy for long-term returns.
Battle Infinity (IBAT)
Battle Infinity’s IBAT token is next on our list of the best cryptos to buy for long-term gains. The blockchain game Battle Infinity combines NFTs, fantasy sports, and the metaverse.
Players in Battle Infinity primarily compete in the IBAT Premier League. Here, they can buy NFTs that look like real-life athletes and use them to form teams. The values of the NFTs change based on how these athletes perform in real life, and the team with the most points at the end of a season is declared the winner. They receive IBAT tokens as well as a significant increase in the value of their NFTs.
Like TAMA, IBAT started with a presale. However, the presale has finished, with all 16,500 tokens sold in just 65 days. Through the concept of staking, IBAT gives consumers the chance to generate passive income.
Because staking is expected to be a significant part of the market in the future, IBAT is a token that many investors should keep in mind. IBAT trades at $0.003, down 6% in 24 hours due to the current market trend.
Tamadoge (TAMA)
Tamadoge is the first asset on our list of the best cryptos to buy for long-term returns. The digital asset is the native token for the Tamadoge gaming universe, one of the most well-known names in the blockchain gaming industry.
Tamadoge was built in 2022. Players can buy non-fungible tokens (NFTs) representing digital pets on the platform. They can breed, raise, and use their pets to battle other players’ pets. Players receive the other player’s pet and TAMA tokens if they win a game.
TAMA is still in pre-sale. The asset has been performing impressively. TAMA is now one of the hottest presales in the crypto market, having raised over $17 million in the presale. The asset represents an excellent buying opportunity for investors seeking long-term gains, as its price is expected to rise even further once it is listed on centralized exchanges.
🚨 ANOTHER MILESTONE ACHIEVED BY THE #TAMADOGEARMY 🚨
🔥WE HAVE NOW RAISED $17 MILLION DOLLARS🔥
⏰ THIS IS THE LAST PHASE AND WE ARE SELLING OUT FAST! DON'T MISS OUT ⏰
GRAB SOME $TAMA NOW AT https://t.co/8e6aPKHPwa pic.twitter.com/7VIrcRzLDy
— TAMADOGE (@Tamadogecoin) September 16, 2022
Ethereum (ETH)
The top option among the best cryptos to buy for long-term returns is Ethereum. The digital asset is currently the second most valuable coin in the market.
At press time, ETH trades at $1,471. a decline of 9.3% in the past 24 hours; this downtrend mirrors the broader downturn in the market. However, investors looking to buy Ethereum can consider entering the market immediately.
This week, the Ethereum blockchain completed its long-awaited transition to proof-of-stake (PoS). The transition is anticipated to increase the scalability and decentralization of the popular blockchain and reduce its carbon footprint by approximately 99.9 percent.
JUST IN: #Polygon says #Ethereum’s merge to proof-of-stake will cancel out 99.91% of its network carbon emissions.
— Watcher.Guru (@WatcherGuru) September 6, 2022
We believe the Ethereum blockchain will be easier to use, adding functionality to a platform that already hosts thousands of decentralized applications (dApps). ETH and the broader market are experiencing a decline, so now may be a good time to invest.
Cardano (ADA)
Cardano’s ADA token is next on the list of the best cryptos to buy for long-term returns. The Cardano blockchain is one of the most popular chains on the market, and it has been actively attempting to become a developer hub for at least a year. The next stage of its evolution is expected to begin this month.
Earlier this month, Cardano’s developers confirmed that they would proceed with the Vasil hard fork, an upgrade anticipated to enhance the blockchain’s functionality and reduce transaction fees significantly.
VASIL UPGRADE: DATE CONFIRMED 💪
Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we along with @cardanostiftung can today announce 22nd September for the #Vasil upgrade on the #Cardano mainnet. 🧵$ADA
1/9— Input Output (@InputOutputHK) September 2, 2022
Vasil has been discussed since April, and it was supposed to go live in July. However, after several delays, the hard fork is now scheduled for September 22. Given the promises made thus far, this could be the incentive for an ADA surge.
ADA currently trades at $0.46, down by 2.38% in the past 24 hours.
Terra Classic (LUNC)
The Terra stablecoin ecosystem’s original token is LUNC. The asset is blamed for causing the May market downturn, with its price dropping by 99%. However, the asset survived the Terra blockchain fork, with its community actively working to keep it alive.
The LUNC price has performed admirably in recent weeks. It increased by 400%, though most of those gains have been reversed. Still, Terra Classic investors have been offered some exciting news.
LUNC is expected to implement a 1.2% tax burn this month, which will help to reduce its circulating supply with each transaction. The tax burn effectively deflates the asset, with the LUNC community anticipating a price increase over time.
Binance confirmed in a statement that the tax burn would take effect on September 20. Several other exchanges, including MEXC and KuCoin, have also expressed support for the tax burn.
LUNC is currently worth $0.00028. In the last 24 hours, it has gained 1.73%, withstanding the market’s downtrend.
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