Want to invest in cryptocurrencies for the long term? There are some great options out there. These choices have shown big growth over time. Whether you know a lot about investing or you’re just starting with digital assets, these coins could bring you success in the long run.
Bitcoin (BTC)
Bitcoin leads the way, with a market cap of $1.3 trillion. It makes up about 53% of the total market11
Ethereum (ETH)
Ethereum is a top player in the crypto world, with a market cap of $424.8 billion231
Tether (USDT)
Tether offers stability in the market, with a market cap of $112.4 billion. Even though it stays steady, its year-over-year return is 0%21
Binance Coin (BNB)
Binance Coin is growing fast, with a market cap of $89.9 billion. Its year-over-year return is a stunning 164%21
Solana (SOL)
Solana is picking up speed, with a market cap of $70.8 billion. It has seen an incredible 906% year-over-year growth231
U.S. Dollar Coin (USDC)
U.S. Dollar Coin is as stable as its name suggests, with a market cap of $32.0 billion. Its year-over-year return matches Tether at 0%21
XRP (XRP)
XRP saw a slight decline at -6% year-over-year. However, it still has a market cap of $26.9 billion21
Cardano (ADA)
Cardano is making waves, with a market cap of $15.3 billion. Its year-over-year return is a strong 53%231
Key Takeaways:
Bitcoin (BTC) has the biggest market cap at $1.3 trillion11
Ethereum (ETH) boasts a market cap of $424.8 billion23
Tether (USDT) offers a stable choice with its $112.4 billion market cap21
Binance Coin (BNB) shows a high year-over-year return of 164%21
Solana (SOL) impresses with a huge 906% year-over-year growth23
Jumping into cryptocurrencies can be exciting and rewarding. Yet, be sure to do your homework, know market trends, and seek advice from experts before diving in.
Bitcoin (BTC)
Bitcoin (BTC) launched in 2009, marking the birth of cryptocurrencies, by Satoshi Nakamoto. It leads the crypto world with a market cap of $1.3 trillion3. Surprisingly, it keeps growing by 160% each year4. Its value has soared over the years, making it a solid bet for the future.
By 2023, Bitcoin’s worth had hit $500 billion4. This shows it’s widely trusted and attracts huge investments5. There will only be 21 million Bitcoins ever, making it more valuable with time. This limit is very appealing to anyone thinking of investing.
Investing in Bitcoin has paid off well. For example, $1,000 put in 2010 is now over $200 million4. These gains highlight Bitcoin as a top contender for those aiming for financial growth and safety over the long haul.
With its solid record and top spot in the crypto market, Bitcoin is a smart choice for serious investors. Its steady climb and status make it a trusted option in the digital money arena5.
Ethereum (ETH) is a famous cryptocurrency and platform. It’s a top player, with its value at $424.8 billion6. This year, it grew by 103%6.
It’s not just digital cash. Ethereum lets you make smart contracts and NFTs. Because of this, it’s a solid pick for investing long term6.
Experts think that making things digital will be huge by 2030, worth $10 trillion6. Ethereum is well placed here with its smart tech and strong safety. It’s the leader in DeFi, owning 60% of it6. This makes it a big name in the financial world6.
Big shots like Wall Street are looking closely at Ethereum. They might allow an ETF soon. This could lead to more money coming in and the price of Ethereum going up6.
BlackRock, the biggest asset manager, is also in on Ethereum. They’ve just started a fund there. It shows more and more ‘traditional’ financial places are joining in6.
Ethereum has proven it’s more than just a trend. It is the second most valuable digital currency. This shows it’s here to stay6.
Detailed Table
Cryptocurrency
Market Value (in Rupees)
Daily Change
Ethereum (ETH)
290,917
-1.15%
Solana (SOL)
10,963
-1.91%
Avalanche (AVAX)
N/A
254% growth in 2023
Injective (INJ)
N/A
Significant growth from $8 to $40 in 2024
Solana Blockchain NFT Sales
$366.5 million in December 2023
Surpassing Ethereum’s $353.2 million
Polkadot (DOT)
N/A
An interconnected blockchain network enabling shared data among blockchains
Uniswap (UNI)
N/A
Decentralized exchange facilitating direct peer-to-peer token trading
Cosmos (ATOM)
N/A
Linking multiple blockchains for seamless communication
Selection Criteria for Cryptocurrency Investment
Technology evaluation
Team expertise scrutiny
Utility assessment
Analysis of market demand and adoption rates
Consideration of recent market performance
Tether (USDT)
Tether (USDT) is known as a stablecoin, valued at $81.53 billion, it ranks as the third-largest crypto7. It stays steady because it’s tied to regular currencies, like the U.S. dollar and the Euro. This gives it a reliable nature for those wary of big ups and downs seen in most cryptos.
What sets Tether apart is its dependable nature in an unpredictable market. It’s not swayed by the wild swings we often see in other cryptos. This has won over many, making it safe for doing business and storing wealth.
Tether has made its mark, trusted by traders, investors, and companies alike. It’s not just used on crypto exchanges but also in emerging DeFi apps and platforms7. Its reliability and ease of trading make it perfect for making money moves.
At $81.53 billion, Tether ranks high in the crypto world for its steady value7. Though it may not make you rich overnight, its stable nature and wide acceptance are keys to its lasting success in crypto.
Basically, Tether (USDT) is a major player in the crypto sphere. It offers consistency in an otherwise erratic environment. This makes it a trusted choice for various financial activities in crypto.
Binance Coin (BNB)
Binance Coin, known as BNB, is a key cryptocurrency for trading and paying on Binance. It currently ranks high with a market cap of about $89.9 billion8. BNB is known for its versatility and many uses, making it popular with long-term investors.
BNB has seen big growth recently, hitting $720.67 before falling back8. This high and the potential for growth show why many see BNB as a good investment. It’s even predicted to reach $766 by June 20248.
There are many benefits to investing in Binance Coin. Since it’s part of Binance, users get reduced trading fees, which is great for active traders. Also, it’s important in the Binance ecosystem. This means holders can join sales, vote, and use DeFi apps on the Binance Smart Chain.
Binance Coin has shown a year-over-year return of 164%, making it a compelling investment option for those seeking long-term growth in the cryptocurrency market9.
Advantages
Description
1. Versatility
Binance Coin’s flexibility and diverse uses make it good for different investment plans.
2. Binance Ecosystem
Being the exchange’s native token, BNB offers low trading fees and access to the Binance Smart Chain.
3. Potential for Growth
With its high market cap and bright future, Binance Coin stands out for potential profit.
Binance Coin is key in the evolving cryptocurrency market. Its steady growth, market cap, and usefulness make it a strong choice for the long run. Whether trading or using DeFi, Binance Coin gives investors a great chance to be part of the growing crypto world.
Solana (SOL)
Solana is a cryptocurrency and blockchain platform for DeFi and smart contracts.
Solana is a big name in the crypto world. It’s managed to secure a market capitalisation of $70.8 billion. Investors see it as a good choice for the long run. This is clear from its impressive 906% growth over the year10.
The journey for Solana started in April 2020, at a price of $US0.951110. It’s marked many highs and lows since. One peak was on November 6, 2021, when its value hit $US26010.
During the 2022 bear market, Solana dropped by over 90% from its 2021 peak10. But, it bounced back and by the end of 2023, its value was over $US12010.
As of June 6, 2024, the price per SOL stands above $US170. This shows its continuous growth and strong place in the market. Its 300% year-over-year return supports its appeal as an investment10.
Solana isn’t just about the money. It’s recognised for bringing new and useful things to the market. It competes with Ethereum in areas like DEX, NFTs, and stablecoins. Developers and users like it for its speedy and low-cost transactions11. Its PoH system allows it to handle thousands of transactions every second, making it easier to use11.
One thing that makes Solana stand out is its link to meme coins. Many such coins have started on Solana, boosting its fame. For instance, $BONK’s success shows Solana can attract as much interest as Ethereum10.
Solana’s network has been more reliable lately. This has played a part in its comeback and trustworthiness10. Also, plenty of users have enjoyed valuable airdrops, getting rewards over $10,00010. These perks, combined with its growth prospects, make Solana a top choice for many investors.
Price Statistics and Predictions
Understanding Solana’s price movements and future predictions is key. In the last day, its price changed by 5.21%. Over the week, there was a 14.42% increase. This shows it’s still shifting a lot and could bring quick wins12.
The current market cap for Solana is over $68.9 billion. It’s seen both high and low prices, like $260.06 and $0.5112. The wide range of prices reflects its nature as a dynamic digital asset.
Predictions see Solana hitting $157.47 in the next week, climbing by 17.31%12. Also, technical signs are positive, with a 36% bullish outlook. It seems the market feels good about Solana’s future12.
Date
Price
Increase
June 24, 2024
$136.80
1.91%
The latest forecast expects Solana to reach $136.80 by June 24, 2024, a 1.91% increase12. Looking into the future, experts predict different prices. For instance, they estimate $138.16 in January 2025, $612.16 in October 2033, and $1,142 in December 204012. These projections suggest long-term promise for Solana.
Given these insights, Solana mixes high-tech innovation with market growth. With its strong history and market position, it’s a standout choice for investors looking for good returns over time.
U.S. Dollar Coin (USDC)
The U.S. Dollar Coin (USDC) is a special cryptocurrency. Its value is set to always be equal to one U.S. dollar. Investors like it because it’s not as risky as other cryptos. It’s worth $32.0 billion, making it a top choice for safety in the crypto world13.
In 2018, Circle and Coinbase started USDC, gathering $110 million for its first steps14. It uses different blockchains like Ethereum, Algorand, Solana, and Stellar. This makes it easy to use and work with other systems14.
One big point for USDC is that it’s very clear in how it works. The Centre consortium guides its work, with Circle and Coinbase leading since the start. This clear way of working makes USDC a great choice for many. It’s not just a big rival to Tether in value. It’s also seen as safer because everyone can see what it’s doing14.
USDC is used by big names like Visa, Mastercard, and more for payments. All these partnerships help USDC be known and used by lots of people for buying goods or services14.
Trading app Robinhood and others support buying USDC with no extra fees14. This has made it very popular with small investors.
Although USDC is mainly for keeping your money stable, you can make extra money with it. Some places offer up to 100% interest for lending your USDC. This can be a good way to make your USDC work for you15.
You can easily buy USDC on many platforms. It is known for being a safe choice in the crypto world. Many think it’s better than Tether because it’s very clear about how it works14. As rules for stablecoins like USDC are set, it will be interesting to see what changes in the future.
XRP (XRP) is a key cryptocurrency in today’s market. It’s well-known with a market cap of $26.9 billion. XRP is great for making exchanges on the Ripple network.
In the last year, XRP’s value only went up 17%. This is much less than Bitcoin’s 140% increase16. Also, it’s now down 18% for 2024 and much lower than its highest price. This drop is mostly because of legal issues with the Securities and Exchange Commission16.
Although it’s been around for a while, some question if XRP will be widely used. It’s facing challenges with market conditions and rules16. But, investing in XRP could be smart. The world needs better ways for companies to send money across borders. In 2020, $23.5 trillion was sent this way, showing there’s a big market for Ripple’s solutions16.
Price Performance and Outlook
Over time, XRP has seen its price go up and down. It reached its highest, $3.84, on January 4, 201817. But, it dropped to under $0.30 in 2018. Then, in 2020, because of the pandemic, it fell to just $0.1117.
In 2021, its price went up to $2. But, in 2022, it dropped to about $0.28. A lawsuit by the SEC made it worse, dropping the price to $0.1717. Now, traders think its price will go back up to $0.60-0.67, but then down to about $0.30 the year after17.
For trading XRP, pros suggest starting a short trade when the price is high, around $0.60-0.67. They advise a Stop Loss at $0.94 and to Take Profit at over $0.3117.
XRP in the Cryptocurrency Market
In the cryptocurrency world, XRP is still important. Although it doesn’t grow like Bitcoin yearly, its role in cross-border payments is key16.
Cardano (ADA)
Cardano (ADA) is a blockchain platform that focuses on being sustainable. It offers smart contracts and decentralized applications. It has a market value of £15.3 billion. Plus, it enjoyed a 53% increase in performance over the past year18.
Since 2017, Cardano has stood out thanks to its unique Ouroboros algorithm19. This was developed by a team of experts and researchers. The algorithm ensures that Cardano is energy-efficient and safe to use. ADA, the platform’s cryptocurrency, is used for many things. It can be used for trading, paying fees, and to support the network19. Cardano is based on scientific principles. It puts a big focus on working with governments and global rules19.
Cardano has achieved a lot in its growth. It has seen 135 projects launched and over 1,200 in development18. When smart contracts were introduced, the value of ADA grew by 30 times. This made its market cap go up to $US94.9 billion18. More than 91 million transactions have been made on Cardano. The network sees between 50,000 to 70,000 daily transactions. This is more than Ethereum’s daily count18. The DeFi ecosystem has also grown a lot. In 2024, it went over £450 million. This was a big 300% increase from the year before18. Cardano also has decentralized exchanges, NFT markets, and games20.
Even though Cardano sometimes takes longer to grow, its focus on real uses sets it apart. It aims for sustainable and beneficial growth. Cardano faces a tough challenge with DeFi compared to Ethereum. Yet, its value is expected to stay within $US1 to $3. It could even go past $US1 with big tech improvements18.
FAQ
What are the best long-term cryptocurrency investments?
For the long term, consider investing in Bitcoin (BTC) and Ethereum (ETH). Other good options are Tether (USDT), Binance Coin (BNB), and Solana (SOL). Also, U.S. Dollar Coin (USDC), XRP (XRP), Dogecoin (DOGE), Toncoin (TON), and Cardano (ADA) are strong choices.
What is Bitcoin (BTC)?
Bitcoin was the first digital currency, created in 2009 by an unknown person or group using the name Satoshi Nakamoto. Its market value is now
FAQ
What are the best long-term cryptocurrency investments?
For the long term, consider investing in Bitcoin (BTC) and Ethereum (ETH). Other good options are Tether (USDT), Binance Coin (BNB), and Solana (SOL). Also, U.S. Dollar Coin (USDC), XRP (XRP), Dogecoin (DOGE), Toncoin (TON), and Cardano (ADA) are strong choices.
What is Bitcoin (BTC)?
Bitcoin was the first digital currency, created in 2009 by an unknown person or group using the name Satoshi Nakamoto. Its market value is now $1.3 trillion. With yearly returns of 160%, it’s seen as a safe bet for the future.
What is Ethereum (ETH)?
Ethereum stands as both a digital currency and a platform. It currently holds a market value of $424.8 billion. Thanks to applications like smart contracts and NFTs, its value keeps growing. Its yearly returns are at a healthy 103%.
What is Tether (USDT)?
Tether is a cryptocurrency that aims to match the value of real-world currencies like the U.S. dollar. It’s backed by these currencies, giving it a solid market worth of $112.4 billion. Its stable nature attracts those looking for predictability in the market.
What is Binance Coin (BNB)?
Binance Coin is made for transactions and fees on the Binance platform. Its market cap is at a strong $89.9 billion. Offering various utilities, it’s growing popular among investors. In the last year, its returns have been an impressive 164%.
What is Solana (SOL)?
Solana is focused on DeFi and smart contracts, working as a blockchain and cryptocurrency. It’s now valued at $70.8 billion. With soaring popularity due to its speed and security, it’s considered a wise investment for the future. It saw a remarkable 906% growth last year.
What is U.S. Dollar Coin (USDC)?
USDC is a stable cryptocurrency that always equals one U.S. dollar. Its market cap stands at $32.0 billion. Powered by Ethereum, it offers a reliable option for conducting global transactions. This makes it a favourite for many investors.
What is XRP (XRP)?
XRP comes from Ripple, a digital payment firm. It’s used on Ripple’s network to trade various currencies. Although its returns were down 6% last year, its market cap hit $26.9 billion.
What is Cardano (ADA)?
Cardano is a platform known for its focus on sustainability and applications. It’s currently valued at $15.3 billion. With a growth of 53% last year, it stands out for its practical uses and careful growth strategy, making it an attractive long-term option.
.3 trillion. With yearly returns of 160%, it’s seen as a safe bet for the future.
What is Ethereum (ETH)?
Ethereum stands as both a digital currency and a platform. It currently holds a market value of 4.8 billion. Thanks to applications like smart contracts and NFTs, its value keeps growing. Its yearly returns are at a healthy 103%.
What is Tether (USDT)?
Tether is a cryptocurrency that aims to match the value of real-world currencies like the U.S. dollar. It’s backed by these currencies, giving it a solid market worth of 2.4 billion. Its stable nature attracts those looking for predictability in the market.
What is Binance Coin (BNB)?
Binance Coin is made for transactions and fees on the Binance platform. Its market cap is at a strong .9 billion. Offering various utilities, it’s growing popular among investors. In the last year, its returns have been an impressive 164%.
What is Solana (SOL)?
Solana is focused on DeFi and smart contracts, working as a blockchain and cryptocurrency. It’s now valued at .8 billion. With soaring popularity due to its speed and security, it’s considered a wise investment for the future. It saw a remarkable 906% growth last year.
What is U.S. Dollar Coin (USDC)?
USDC is a stable cryptocurrency that always equals one U.S. dollar. Its market cap stands at .0 billion. Powered by Ethereum, it offers a reliable option for conducting global transactions. This makes it a favourite for many investors.
What is XRP (XRP)?
XRP comes from Ripple, a digital payment firm. It’s used on Ripple’s network to trade various currencies. Although its returns were down 6% last year, its market cap hit .9 billion.
What is Cardano (ADA)?
Cardano is a platform known for its focus on sustainability and applications. It’s currently valued at .3 billion. With a growth of 53% last year, it stands out for its practical uses and careful growth strategy, making it an attractive long-term option.
Julia Blackwood is a technology enthusiast and expert writer for PCSite.co.uk. With a passion for all things digital, Julia stays up to date with the latest tech trends and innovations. She enjoys sharing her knowledge and helping readers make informed decisions when it comes to their tech needs. In her free time, Julia enjoys experimenting with new gadgets and exploring the digital world.
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