Cryptocurrency has emerged as the most profitable asset class in history. That’s why many investors are constantly trying to uncover the best options for long-term gains. However, there are serious risks inherent in investing in the crypto space in accordance with the risk-return principle. Crypto expert Alice Davies shares 10 altcoin projects where she sees high earning potential.
Altcoin projects with high earning potential
Polkadot (DOT)
DOT is among the top 20 cryptocurrencies by market cap, thanks to its extremely useful platform. Blockchain supports decentralized applications to be deployed on multiple EVM Blockchains simultaneously. This in turn has led to an increasing number of developers and users for the platform. The DOT is currently worth $6.30. It fell from the previous all-time high of $53. Altcoin is considered one of the best Blockchain solutions for interoperability. Therefore, it is a good option for traders looking for which cryptocurrency to buy in the long term today. Polkadot network can help Blockchain reach users on a global scale. This makes it a great investment for long-term growth.
Decentraland (MANA)
Decentraland is another example of how Blockchain technology is revolutionizing the way people interact with and experience interactive media platforms. Therefore, it is strongly supported by institutional investors. By giving more power to its users, Decentraland has become an expanding virtual reality world full of both work and leisure opportunities. MANA hit an all-time high in the 2021 bull market, where it hit almost $5 per token. While the recent price action has been unfavorable for MANA, it remains one of the best cryptocurrencies for long-term investment. It has the potential to climb significantly from its current price of $0.60.
Binance Coin (BNB)
BNB has seen a dramatic increase in value due to the success of Binance exchange, currently the largest CEX on the Web3. Binance offers a fast, secure and cost-effective ecosystem and is set to accommodate an ever-increasing number of users as Blockchain technology advances. Currently, BNB is trading at $300, but many expect it to surpass $1,000 in the upcoming crypto bull markets. This makes it one of the best cryptos for long-term investment.
ChainLink (LINK)
LINK enjoyed rapid success in the coming years and has become a leading Blockchain project by market cap. Thanks to its unique and innovative Blockchain solution, it is one of the best long-term investments and is expected to continue to rise in the months and years to come. The altcoin is currently worth $7.40 after falling from its previous all-time high of $50. LINK holds growth potential to reach new heights in the near future.
UniSwap (UNI)
UniSwap is a key service in the Ethereum ecosystem, the second largest cryptocurrency and largest application network on the Web3. It supports leading layer-2 Blockchains including DEX, Arbitrum, Optimism, and Polygon, and it looks set to play an important role for all Blockchain users in the coming years. UNI peaked at $42 and is now finding a very low price buyer. This makes it one of the best long-term altcoin projects as it solves a unique problem within Web3 and is currently at an attractive price level.
Ethereum (ETH)
Ethereum is the second largest cryptocurrency by market cap, largely as its ecosystem supports thousands of independent crypto projects. It can also be used as a medium of exchange, a store of value, an investment in the future of decentralized services, and to pay for transaction costs when interacting with various Blockchains. This makes it an excellent choice for long-term investors. ETH reached almost $5,000 at its peak in 2021. It currently stands at key support levels and held most of its value during the 2022 market crash. Now, thanks to The Merge, the Ethereum network is faster and more affordable than ever before, and as a result, it looks like one of the best cryptos for long-term investment.
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Solana is advancing user adoption by launching real-world goods and services, including a mobile phone that fits perfectly on Blockchain. Most mobile operating systems rely on centralized networks, which makes it difficult to transact freely on the Blockchain due to integrated taxes of up to 30% for in-app microtransactions. Solana can help solve this problem by offering a Blockchain compatible alternative. SOL price reached over $200 in 2021 but lost a significant portion of its value in 2022. Solana’s current price could yield significant returns as it aims to be one of the top digital assets.
Shiba Inu (SHIB)
Shiba Inu is launching Shibarium, a layer-2 scaling solution that will help Blockchain support more users. This can be an important factor when trying to deliver network services to more users, as it can increase the number of applications available on the network without sacrificing performance. The current price of SHIB is $0.0000124. There are major resistance levels between the current price of SHIB and its all-time high. However, altcoin remains one of the best cryptocurrencies for long-term investment.
ApeCoin (APE)
APE is a very promising altcoin as it represents an important move forward for a highly disruptive development that could change the online landscape forever. cryptocoin.comAs you follow, APE quickly attracted attention after its launch in 2022 and became one of the top 50 cryptocurrencies by market capitalization. The current price of APE has dropped from its all-time high of $23 to $5. APE has yet to experience a crypto bull market as it launched in 2022 amid extreme volatility and a series of market crashes. All in all, APE is without a doubt one of the best long-term crypto investments in 2023 as it could go into price discovery in the coming years.
Cardano (ADA)
Cardano is preparing to launch Hydra, a unique scalability solution that can increase transaction throughput to 1 million transactions per second. This makes Cardano one of the fastest EVM compatible Blockchains on the Web3, which can lead to significant value increases over time. At its current price of $0.35, ADA looks like one of the best altcoin projects to invest in. It remains among the top 10 cryptocurrencies by market cap and looks set to continue to grow over the next decade.
The opinions and recommendations in the article belong to the experts and are definitely not investment advice. We recommend that you do your own research before investing.
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