This year, cryptocurrencies have performed better than U.S. stocks. Bitcoin's price has more than doubled, while small meme coins like Dogwifhat and Popcat have created many millionaires. So, let's explore five cryptocurrencies worth buying this December for a prosperous retirement.
The best cryptocurrencies to buy after retirement
While Bitcoin is the most famous cryptocurrency, many other cryptocurrencies also make good investments. When considering currencies to buy and hold, it's best to look at those with good staking yields and strong momentum.
Spell | OM
Mantra is one of the best tokens to buy and hold. It has a staking yield of nearly 30%. It also has strong momentum, soaring over 11,400% from its January lows.
On the daily chart below, the token forms a descending wedge chart pattern. This pattern consists of two descending and converging trend lines. In most cases, it usually leads to a strong bullish breakout.
Mantra has also formed a bullish flag chart pattern, which consists of a vertical line followed by a consolidation line. Therefore, it is highly likely that the price of Mantra will experience a strong bullish breakout and may soon soar to $10.
Aureal One | DLUME
Aurel One is a top-tier cryptocurrency that offers a great opportunity for investors. It attracted thousands of investors during its presale. Part of the reason is that, as the price of DLUME rises at each stage, it provides an easy way to gain returns.
The trading price of the DLUME token is $0.0007, with a listing price of $0.005. Therefore, anyone buying this token now can expect a return of 614%. In comparison, the S&P 500 index has risen by less than 300% over the past decade.
Aureal One is positioned within the rapidly growing metaverse and gaming industry, expected to perform well over time.
Polkadot | DOT
Polkadot is another cryptocurrency worth buying because it has strong momentum, with a staking yield of up to 11.82%. This yield means that an investor with $10,000 will earn about $1,100 annually.
Polkadot coins also formed a golden cross pattern, with the 50-day and 200-day moving averages crossing each other. It is also slightly above the 61.8% Fibonacci retracement level.
The DOT price is trading at a weakness, stop-loss, and reversal point according to Murrey's mathematical lines. This means there is more room to reach an extreme of $11.91, about 27% higher than current levels.
Cosmos | ATOM
Cosmos is another popular cryptocurrency worth buying and holding. On the daily chart, it is about to form a golden cross, having completed a descending wedge pattern that lasted for several months a few weeks ago. The descending wedge consists of two converging trend lines and is a popular bullish reversal pattern.
Due to the many altcoins focusing on this year's high points, the price of ATOM could reach $14.51, about 70% higher than current levels. The returns from Cosmos are also high, with a staking yield of 20%.
Celestia is another cryptocurrency suitable for purchase during retirement. It holds a leading market share in the modular data industry and is currently 65% lower than its historical peak.
On the daily chart, the TIA token has just broken through after consolidating for the past few months. This indicates that Celestia is about to experience a bullish breakout, potentially pushing it up to $12.46, which is 65% higher than current levels, the peak on April 20. The staking yield for Celestia is at least 10%.
Conclusion on the best cryptocurrencies to buy
These cryptocurrencies combine strong technology with high staking returns. Staking refers to investors delegating their tokens to secure the network and then receiving rewards monthly. For example, a 20% yield is far higher than the popular Schwab U.S. Dividend ETF (SCHD), which has a yield of about 3%.