Best Long-Term Crypto Investments 2024
Top Long-Term Crypto Investments for 2024:
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Ethereum (ETH) - large developer community and efficient upgrades
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Bitcoin (BTC) - the safest store of value
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Solana (SOL) - thousands of transactions per second at extremely low costs
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Avalanche (AVAX) - customized blockchain subnets with tailored flexibility
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Binance Coin (BNB) - utility and decreasing supply
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Aptos (APT) - focus on performance and developer experience
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Cosmos (ATOM) - allows independent blockchains to interoperate and scale
For many investors, the cryptocurrency market represents an opportunity to grow long-term wealth in innovative new technologies. While volatility remains high, patience and discipline have proven rewards for those able to navigate cycles.
In this guide, we evaluate 7 promising cryptocurrencies that have demonstrated real-world uses and ongoing development, making them well-positioned for the next decade. Rather than promises alone, we focused on networks providing everyday value through applications, services, and infrastructure advances. From payment solutions to smart contracts, our selections offer diversification across blockchain approaches while sharing commitments to security, scalability, and independent roadmaps. For entrepreneurs and technologists, they also signal emerging business models and hands-on experience ripe for building on.
Top 7 Cryptocurrencies to Invest Now
When it comes to cryptocurrencies, there are plenty to choose from. Nevertheless, you should take the time to figure out which cryptocurrencies are great long-term investments. Here is a list of 7 other top investments to pay attention to.
Ethereum (ETH)
With its transition to Ethereum 2.0, it has moved from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, significantly reducing its energy consumption and improving scalability. It has the largest developer community in the blockchain space, fostering continuous innovation and support for numerous projects. Ethereum’s technology is being explored by businesses and governments for applications like supply chain management and digital identities. High gas fees during network congestion remain a concern, although layer 2 solutions like Optimism and Arbitrum are addressing this issue.
Ethereum Price Prediction 2024, 2025, 2030Bitcoin (BTC)
As the oldest and most well-known cryptocurrency, Bitcoin enjoys widespread trust and recognition. The Bitcoin network is highly secure, underpinned by a robust community of miners and an immense amount of computational power. The capped supply of 21 million coins helps preserve its value against inflation. Bitcoin's volatility is notable, and its use in day-to-day transactions is limited due to scalability issues, though solutions like side-chains and L2-chains are developing.
Bitcoin Price Prediction 2024, 2025, 2030Solana (SOL)
Known for its incredible speed and low transaction costs, Solana is a highly efficient blockchain platform that supports dApps and smart contracts. It hosts a rapidly growing number of projects, especially in DeFi and NFTs, fostering a vibrant ecosystem. Solana's unique Proof of History (PoH) consensus mechanism, combined with PoS, delivers unparalleled efficiency and security. Despite facing some challenges and network outages in the past, Solana’s team has demonstrated a commitment to resolving these issues and improving the network's stability and security. The ability to recover and adapt is crucial for long-term success in the tech landscape.
Solana price prediction 2024, 2025, 2030Avalanche (AVAX)
Avalanche allows users to create custom blockchains (subnets) that can be tailored to specific needs and requirements, offering significant flexibility and control for developers and enterprises. The distinct but interconnected blockchain structure enables various forms of data and value exchange, enhancing interoperability. The platform is designed to support a large number of validators without sacrificing transaction speed. Avalanche utilizes a novel consensus mechanism that combines elements of Classical and Nakamoto consensus, providing high throughput, quick finality, and robust security. However, it should be noted that the multi-chain architecture, while flexible and powerful, can be complex for users and developers new to the ecosystem.
Avalanche Price prediction for 2024, 2025, 2030Binance Coin (BNB)
Binance Coin is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges globally. It is used to pay for trading fees on the exchange and for participation in token sales hosted on Binance’s launchpad. BNB users enjoy benefits such as trading fee discounts, access to exclusive token sales, and more. Binance uses a portion of its profits to buy back and burn BNB tokens, reducing supply and potentially increasing value. Binance continues to expand globally, increasing the utility and demand for BNB. However regulatory scrutiny affecting Binance could impact BNB’s performance and utility.
Binance coin price prediction 2024, 2025, 2030Aptos (APT)
Aptos is a newer blockchain platform developed by former engineers from Meta's Diem (formerly Libra) project. It aims to deliver high transaction throughput and reliability while focusing on scalability and usability in blockchain technology. The blockchain architecture is designed for exceptional performance, with the project claiming capabilities of processing over 100,000 transactions per second under optimal conditions. Aptos has prioritized creating a developer-friendly environment with extensive documentation and support, making it easier for developers to build and deploy dApps on its platform. Aptos has received substantial backing from major venture capital firms, indicating strong support and belief in its potential from influential players in the tech and financial industries.
Cosmos (ATOM)
Cosmos is a decentralized network of independent parallel blockchains and stands out for its Inter-Blockchain Communication (IBC) protocol, which allows for the seamless exchange of data and tokens between different blockchains, making it a key player in solving the blockchain interoperability issue. The Cosmos SDK is designed to be modular, enabling developers to easily build blockchains by composing together modules handling specific functionalities. This greatly simplifies the process of creating custom blockchains tailored to specific use cases. By allowing multiple parallel blockchains to run simultaneously and interact, Cosmos can significantly scale performance without compromising on security. Cosmos has cultivated a strong community of developers and has a growing ecosystem that includes various blockchain projects and applications, enhancing its network effect.
Cosmos Price prediction for 2024, 2025, 2030Best Platforms to Buy Crypto
What influences the long-term growth of cryptocurrencies?
There are a number of things to consider that influence the long-term growth of cryptocurrencies. Next, we take a look:
1. Widespread Adoption:
One of the top factors influencing the long-term growth of cryptocurrencies is the widespread adoption of these currencies. When mainstream companies start accepting and promoting the use of cryptocurrencies it provides validation for their use and potentially increases their long term value. For example, companies such as Black Rock, Fidelity, AT&T, Starbucks, and Gucci, are a few examples of companies that accept cryptocurrencies for transactions. Currently, there are an estimated 16,000 businesses globally that accept payment via cryptocurrencies. The global cryptocurrency industry is expected to increase at a compound annual growth rate of 12.5% till 2030. It stood at $4.7 billion in 2022 according to Grand View Research.
This often occurs at the hands of cryptocurrencies by institutional investors. In other words, when mainstream companies start accepting and promoting the use of cryptocurrencies, this helps validate them and makes them more valuable for the long haul. For example, companies such as Black Rock, Fidelity, AT&T, Starbucks, and even Gucci are more examples of companies that recently started accepting cryptocurrencies. These days, nearly 16,000 venues have begun accepting cryptocurrencies as a form of payment. The industry is expected to increase from $1.6 billion in 2021 to $2.2 billion by 2026.
2. Growth of Popularity Among Private Investors:
Although cryptocurrencies are relatively new as an asset class, their popularity has been growing. This is partly due to the fact that more investors are aware of the opportunities to invest in that market as awareness has grown exponentially in recent years. Also, the benefits of adding cryptocurrencies to a portfolio have become more widely known. This is similar to the benefits of adding futures to an investment portfolio. They provide diversification and the possibility of enhanced returns with lower overall portfolio risk. In fact, although cryptocurrencies have been out for years, around 55% of investors invested in Bitcoin in 2021.
3. Technology Development:
Another factor influencing the longevity of cryptocurrencies is the development and advancement of technology. The more technology advances, the more cryptocurrencies become prominent. This is because many businesses are finding ways to incorporate cryptocurrencies into their business models to make them more convenient for customers.
4. Limited Supply:
Although there is a wide variety of cryptocurrencies on the market, there is still a limited supply of many of the most popular cryptocurrencies. For instance, Bitcoin has a supply limit of 21 million coins. Additionally, in order to maintain scarcity, Bitcoin halves its Bitcoin rewards every four years. This is how they control emissions at the code level.
5. Super Cycles:
Another factor influencing the long-term growth of cryptocurrencies are super cycles. This is the widespread notion that cryptocurrencies will eventually be adopted on a much wider scale. Therefore, despite fluctuation and volatility, many people invest in cryptocurrencies because they believe that they will soon be a widely accepted currency globally.
6. How Cycles Work in the Crypto Market:
As mentioned, halving occurs when the supply is limited on the code level. Therefore, Bitcoin is structured to halve the block reward every 210,000 blocks, which takes around four years. The latest halving ocurred in April 2024.
7. Fed Monetary Policy:
Another major factor that is fueling the long-term growth of cryptocurrencies is the developing federal monetary policy. They have stated that they plan to create a cryptocurrency eventually, which has caused many people to invest in them for the long-term.
Pros and Cons of Long-Term Investment in Cryptocurrencies
Both long-term investment and short-term trading of cryptocurrencies offer potential benefits. However, each approach also carries certain risks. Let's examine some of the pros and cons of holding cryptocurrencies for long periods of time versus making frequent trades.
👍 Pros:
• Lower volatility risk. Cryptocurrency prices often experience dramatic short-term fluctuations that can undermine frequent trading strategies. Taking a patient, long-view approach allows an investor to hold through periods of heightened volatility
• Reduced trading costs. Every time an asset is bought or sold, transaction fees apply. Long-term holders incur significantly lower trading fees than active short-term traders. Over many years, these savings can boost overall returns
• Market timing is difficult. It's challenging to predict cryptocurrency price movements from day to day or week to week. By holding for the long run, an investor avoids attempting to time a very unpredictable market
👎 Cons:
• Opportunity costs. If a coin appreciates rapidly, a long-term holder may miss out on profits they could have captured by trading. Short-term traders can potentially profit more from these short-term fluctuations
• Coins and projects can fail over time. Not all cryptocurrency projects will survive long-term. Coins held for many years run the risk that the underlying technology or team fails, resulting in losses. Short-term traders may be able to recognize and act on signs of project weakness sooner
• Portfolio lacks flexibility. It's harder for a long-term investor to rebalance holdings or move into new promising cryptocurrencies in their earlier and more volatile phases. Traders have more flexibility to adjust portfolio allocations
When to Buy Crypto for Long Term?
There are two models for investing in cryptocurrencies for the long term. They are as follows:
Investing in a Bear Market: One option is to buy the most promising coins during a bear market to sell them during the next bull cycle in the financial markets. This strategy makes it possible to gain a portfolio gradually on the downs. This was previously considered to be the most productive strategy.
Investing for Decades: Another strategy is to invest in cryptocurrencies for decades. For instance, you can invest in crypto as retirement savings. Doing so requires you to allocate a certain amount every month for these purposes, regardless of the crypto cycle. Therefore, it enables you to avoid the stress and anxiety caused by constantly needing to check the value of your coins, and you can simply set a date to sell the product in the future.
Are Long-Term Crypto Investments Profitable?
In the past, the cryptocurrency market was considered in terms of long-term growth, despite strong corrections. However, the repetition of this pattern is not guaranteed for the long haul; it is worth taking into account the risk of losing investments.
Summary
Overall, investing in cryptocurrencies for the long term can be as lucrative as it is risky. On the one hand, there are plenty of people who have made lots of money by simply investing in certain cryptos for the long term. On the other hand, there are no guarantees, and you can just as easily lose everything you invest. This means those who wish to invest in crypto for the long-term need to take the time to decide which products are best for their portfolio. They must also choose the best platforms that they believe will provide them with the most benefits for the long haul. Therefore, investors must take the time to do their due diligence before making their final decision.
FAQs
What are the risks of long-term crypto investing?
The price could decrease dramatically and never recover, government regulations could pop up virtually overnight, and you could get scammed if you're not careful.
How do you protect yourself when investing in crypto?
Don't invest what you can't afford to give away, and make sure you set up a fund in case of emergencies.
How do you decide where to buy cryptocurrency from?
You should research and only use reputable platforms that have values that align with your personal financial goals.
What is the most important factor in terms of making money from crypto for the long term?
One of the single most important factors when it comes to investing in crypto for the long-term is timing. You must be able to figure out when the best time to buy and sell the product in order to maximize your potential profits.
Glossary for novice traders
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Broker
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
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Cryptocurrency
Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.
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Bitcoin
Bitcoin is a decentralized digital cryptocurrency that was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers.
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Ethereum
Ethereum is a decentralized blockchain platform and cryptocurrency that was proposed by Vitalik Buterin in late 2013 and development began in early 2014. It was designed as a versatile platform for creating decentralized applications (DApps) and smart contracts.
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Investor
An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.
Team that worked on the article
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Bruce Powers is an expert trader and technical analyst with over 20 years of experience in Forex, commodities, ETFs, cryptocurrencies and other assets. He is an active trader, technical and fundamental analyst, media commentator, educator and a writer. As an author for Traders Union, he contributes his deep analytical skills, expertise and understanding of the global economy and financial markets to provide market analysis and insights. Powers is also a frequent guest on business TV news shows.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).