Popular crypto trader Ben Armstrong shares 4 cryptocurrencies he finds suitable for long-term investment. According to the analyst, all of the altcoin projects below have the potential to generate significant returns to their investors in the coming cycle. We start with Bitcoin with $68,530.34 ATH…
Digital scarcity: Bitcoin (BTC)
At the top of the list is Bitcoin, the leader of cryptocurrencies. The analyst reminds that Bitcoin is quite scarce and there will be only 21 million Bitcoins. Only 80% of this amount is currently in circulation. Armstrong shares the following analysis, which he based on PlanB’s S2F model for price prediction:
PlanB’s S2F model predicts that one Bitcoin will be worth one million dollars in 2025. Back in July, Forbes analysts had more bearish forecasts for 2025, with Bitcoin priced at $71,000. For 2030, the forecast averages up to $5.2 million per Bitcoin. While we don’t know exactly how the price will look for the next few years, the scarcity of Bitcoin combined with the first mover advantage makes it a bet that grows in value over time.
Leading altcoin in second place
Ethereum is decentralized Blockchain infrastructure that hosts numerous cryptocurrencies, projects and dApps. It recently introduced the London hard fork, which tackled high transaction fees and burned over $1 billion in Ether, laying the groundwork for it to become deflationary over time. Armstrong says the projections for Ethereum are averaging $25,000 by 2025, with some analysts seeing it climb much higher by then.
PoS altcoin project Cardano (ADA) ecosystem
Next is PoS Blockchain Cardano, which has the most energy efficient principles among its competitors. The network has recently successfully released the Alonzo upgrade, which allows it to support a multitude of crypto applications, including NFTs and smart contracts. For these reasons, Cardano is the best altcoin to follow in a bull market as we are currently in, or historically at the end of a bull cycle.
Orecle network: Chainlink (LINK)
cryptocoin.com Chainlink is at the bottom of the list we have prepared. The project basically supports Blockchain networks by providing information to complete a transaction. The maximum supply of LINK tokens is 1 billion and about 45% of the total supply is already in circulation. Also, its price on ICO was 0.11 and is currently valued more than 200 times. According to Armstrong, it may be a good choice for a long-term investment, and the team behind it also supports it.
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