Best cryptocurrency to invest in: What cryptos to buy today for long-term gains?
The cryptocurrency bull run has officially started, and traders are hunting for the best cryptocurrencies to invest in as they search for what crypto to buy for long-term holdings.The market has been climbing 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 be traded on US financial markets.
With institutional flows incoming and a Bitcoin block halving on the way, experts suggest a supply shock will hit the market, which could lead to much higher prices throughout 2024.
That being said, here are the best cryptocurrencies to invest in. Of course, we've covered the heavyweights in the top 50 rankings by market cap value. We have also included some newly emerging altcoins that can provide outsized returns for smaller sums of investment.
What cryptos to buy today for long-term gains?
The following cryptocurrencies are the heavyweight giants in the industry that need to be a solid part of your portfolio.
Dogecoin20
Spotlight WireDogecoin20 is the ultimate Dogecoin upgrade, making it one of the hottest up-and-coming projects in the dog-based meme coin space today. It stands out in the Doge-related meme coin sector by offering its holders the opportunity to earn a 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 the selling pressure on the market when it launches.
Dogecoin20 also improves on Dogecoin’s foundation by introducing a maximum token supply, using an environmentally-friendly proof-of-stake algorithm, and being DeFi compatible.
The project is in its early presale stages, providing the perfect entry opportunity.
Buy $DOGE20 today.
Smog Token
Spotlight WireSmog Token ($SMOG) is one of Solana's hottest newly launched altcoins in 2024. The cryptocurrency launched fairly on the Jupiter DEX at the start of February and instantly became a star after surging 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 token distribution in what's described as "the greatest airdrop of all time."
The team has set aside a whopping 30% of the total supply to facilitate the airdrop, and holders eagerly anticipate its release date as they continue filling their bags.
Airdrop hunters can also accumulate more airdrop points by participating in the project's Zealy campaign. Users are required to complete specific quests related to the project, such as following Smog on Twitter and visiting the project's website. The campaign has now seen an enormous 1,000,000 quests completed, demonstrating the huge anticipation behind the airdrop.
Smog Token also went multi-chain by launching on Ethereum through Wormhole, allowing Ethereum holders to invest in the token.
Overall, with over 65,000 members across 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 bought at discounted rates on the project’s website using $ETH, $USDT, or a credit/debit card.
Buy $SMOG Today
Filecoin
Spotlight WireFilecoin is another top-ranked altcoin worth investing in for long-term gains. The decentralised peer-to-peer storage infrastructure is gaining traction due to its connection with AI.As the AI sector trends, investors realise these companies need somewhere to store their vast datasets. Filecoin presents the best option due to its permissionless nature and competitive costs.
Filecoin creates a network of storage providers who rent their spare hard drive capacity as a service, allowing others to store their data. Storage providers are paid fees in $FIL, creating a dynamic ecosystem for long-term growth.
Green Bitcoin
Spotlight WireAnother newly launched cryptocurrency that's best to invest in for long-term holdings is Green Bitcoin ($GBTC), a new predict-to-earn ecosystem providing users massive rewards through its gamified green staking mechanism.Green Bitcoin has launched a novel prediction market that allows users to stake their $GBTC tokens to place forecasts on the price of Bitcoin. If their forecast is accurate, they win rewards from the pool scaled to their level of investment. The team has set aside 27% of the total supply for its incentivised 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 away to participate in the price forecasts, and any locked tokens cannot be bought on the open market. As a result, newcomers to $GBTC might struggle to find the token at low prices, pushing prices higher.
Overall, Green Bitcoin ($GBTC) is a long-term growth project with supply constraints that can outperform the top giants during the bull run. The token can be bought at early adopter prices on the project’s website.
Buy $GBTC Today
Sei
Spotlight WireSei, a cosmos-based layer-1 blockchain, is another good crypto to invest in for long-term gains. The project seeks to elevate the world of crypto trading through an enhanced trading DEX.
With DEXs becoming increasingly popular after the rise of Jupiter, it’s still evident that they lack the speed and ease of trading provided by centralised exchanges like Binance. 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 means that it can tap into a variety of the different blockchains in the space, allowing trading to occur on-chain between different networks at extremely low costs.
Overall, Sei is proving to be an essential infrastructure project in the making, offering long-term growth opportunities.
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This story originally appeared on: India Times - Author:Faqs of Insurances
