{"id":299986,"date":"2021-08-20T09:59:12","date_gmt":"2021-08-20T13:59:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=299986"},"modified":"2024-06-03T09:43:33","modified_gmt":"2024-06-03T09:43:33","slug":"5-best-cryptocurrency-to-buy-for-long-term-returns-august-2021-week-3","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/5-best-cryptocurrency-to-buy-for-long-term-returns-august-2021-week-3","title":{"rendered":"5 Best Cryptocurrency to Buy for Long-Term Returns August 2021 Week 3"},"content":{"rendered":"
Following a two-day slump, markets are back in greens. As the bulls return, savvy investors are on the lookout for the best cryptocurrency to buy. Many expect this rally to continue into the next week, and it will be good to get your strategy straightened out as you go forward.<\/p>\n
Below, we’ll look into some of the options that qualify as the best cryptocurrency buy going into the third week of the month<\/p>\n
Kicking off our list is Bitcoin – the largest cryptocurrency by market cap. Bitcoin has come a long way from its inception in 2008, becoming one of the most valuable assets in the world for investors. Interestingly, Bitcoin also remains the best cryptocurrency to start your investment journey. It is relatively more stable than many other coins, so it’s a good launchpad for newbies.<\/p>\n
Bitcoin’s allure is not new. The asset is the first to get adoption, and it is beloved by all. With the current market rally, Bitcoin is also looking more attractive. Its price is currently $47,086 – up 6.2 percent in the past 24 hours and 1.3 percent in the last week.<\/p>\n
Bitcoin’s technicals are also quite strong, with the leading cryptocurrency holding strong above its 20-day moving average (MA) of $44,064. It crossed its 200-day MA of $45,805 earlier today, signaling that its two-day slump is most likely over.<\/p>\n
Bitcoin’s relative strength index (RSI) stands at 64.95, which is pretty good for any cryptocurrency – much less Bitcoin. Everything seems set for the leading crypto asset to challenge the $50,000 resistance over the weekend.<\/p>\n