News
Best Cryptocurrency to Invest In: Which Cryptocurrencies to Buy Today for Long-Term Profits?
THE cryptocurrency The bull run has officially begun and traders are on the hunt for the best cryptocurrencies to invest in as they look for which cryptocurrency to buy for long-term holdings. The market has been on the rise since October 2023 due to initial rumors that the SEC might list a Bitcoin spot ETF. That speculation came true in January 2024 after the SEC approved not just one but twelve Bitcoin spot ETFs to trade on the U.S. financial markets.
With institutional flows coming in and a Bitcoin block halving coming up, experts predict the market will be hit by a supply shock, which could lead to much higher prices throughout 2024.
With that said, here are the best cryptocurrencies to invest in. Of course, we’ve covered the heavyweights in the top 50 by market cap. We’ve also included some recently emerging altcoins that can provide outsized returns for smaller investment amounts.
What cryptocurrencies to buy today for long term gains?
The following cryptocurrencies are industry heavyweights and should be a major part of your portfolio.
Invest and earn on ET Money: get returns up to 9.5% per annum
Dogecoin20
Dogecoin20 is the ultimate upgrade of Dogecoin, making it one of the most promising and promising projects in the dog-based meme coin industry today. It stands out in the Doge-related meme coin industry by offering its holders the opportunity to earn passive income through staking.
The staking ecosystem allows $DOGE20 holders to stake their tokens and earn rewards, with the team setting aside 15% of the total supply to reward stakers for the next two years. The high APY provides incentives for investors to hold $DOGE20 for long periods, reducing selling pressure on the market at launch.
Dogecoin20 also improves on the foundation of Dogecoin by introducing a maximum token supply, using an environmentally friendly proof-of-stake algorithm, and being DeFi compatible.
The project is in the early stages of pre-sales and represents the perfect entry opportunity.
Buy $DOGE20 today.Smog token
Smog Token ($SMOG) is one of Solana’s hottest altcoins in 2024. The cryptocurrency launched quite well on the Jupiter DEX in early February and quickly became a star after rising 1,400% in just a few hours.
The project offers a unique utility by allowing all holders to accumulate airdrop points to be eligible to receive a free distribution of tokens in what is described as “the largest airdrop of all time.”
The team has set aside a whopping 30% of the total supply to facilitate the airdrop, and owners are anxiously awaiting the release date as they continue to fill their bags.
Airdrop hunters can also earn more airdrop points by participating in the project’s Zealy campaign. Users must complete specific missions related to the project, such as following Smog on Twitter and visiting the project’s website. The campaign has now seen a whopping 1,000,000 missions completed, demonstrating the huge anticipation behind the airdrop.
Smog Token also went multi-chain by launching it on Ethereum via Wormhole, allowing Ethereum holders to invest in the token.
Overall, with over 65,000 members on its social media platforms and over 29,000 token holders, Smog Token is shaping up to be the most promising cryptocurrency to invest in today for long-term gains. The token can be purchased at a discount on the project’s website using $ETH, $USDT or a credit/debit card.
Electronic money
Filecoin is another top altcoin that is worth investing in for long-term gains. The decentralized peer-to-peer storage infrastructure is gaining traction due to its connection with artificial intelligence.
As the AI industry continues to evolve, investors are realizing that these companies need a place to store their vast data sets. Filecoin is the best option due to its permissionless nature and competitive costs.
Filecoin creates a network of storage providers that rent out their spare hard drive capacity as a service, allowing others to store their data. Storage providers are paid in $FIL, creating a dynamic ecosystem for long-term growth.
Green Bitcoin
Another newly launched cryptocurrency that is best invested in for extended periods of time is Green Bitcoin ($GBTC), a new earnings prediction ecosystem that offers users huge rewards through its gamified green staking mechanism.
Green Bitcoin has launched a new prediction market that allows users to stake their $GBTC tokens to make Bitcoin price predictions. If their prediction is accurate, they win rewards from the pool scaled based on their investment level. The team has set aside 27% of their total supply for their incentivized staking, providing rewards for the next two years.
Experts believe that gamified green staking has the potential to cause a supply shock for $GBTC, leading to higher prices. $GBTC tokens must be locked to participate in price predictions, and all locked tokens cannot be purchased on the open market. As a result, newcomers to $GBTC may have a hard time finding the token at low prices, pushing prices higher.
Overall, Green Bitcoin ($GBTC) is a long-term, supply-constrained growth project that can outperform the major giants in the bull market. The token can be purchased at early adopter prices on the project’s website.
Six
Sei, a layer-1 blockchain based on cosmos, is another good cryptocurrency to invest in for long-term gains. The project seeks to elevate the cryptocurrency trading world through an improved trading DEX.
With DEXs becoming increasingly popular after the rise of Jupiter, it is still evident that they lack the speed and ease of trading that centralized exchanges like Binance provide. This is what SEI intends to change. They want to use their layer-1 blockchain to bring a professional trading option to the DeFi world.
The best part about Sei is that its Cosmos infrastructure allows it to tap into a variety of different blockchains in the space, allowing trading to happen on-chain between different networks at extremely low costs.
Overall, Sei is proving to be a key infrastructure project in the making, offering long-term growth opportunities.
Disclaimer: The above content is not editorial and TIL disclaims any warranties, express or implied, relating to the same. TIL does not warrant, guarantee or necessarily endorse any of the above content, nor is it responsible for it in any way. The article does not constitute investment advice. Please take all necessary steps to ensure that all information and content provided is correct, up-to-date and verified.