The cryptocurrency sector is famous for short-term profits. This phrase hardly contains any truth. The cryptocurrency vertical like its contemporaries strives to deliver long-term returns, a phenomenon in which investor returns increase over time.
Below are three suggestions that can help you discover and accumulate long-term profits in this market.
Top cryptocurrencies can accumulate for long-term profits
Bitcoin
Bitcoin’s price velocity is synonymous with the phrase “long-term profits.” Since its launch in 2008, Bitcoin has grown by leaps and bounds, outpacing many of its contemporaries in the space to regain maximum support. According to CoinMarketCap, the token has grown nearly 106152624.53% since its launch in 2008, which makes it a suitable coin for long-term profits.
According to CoinCodex, BTC is expected to increase 75% to trade at $114k by the end of 2024.
“Bitcoin can trade in a range from $66,377 to $114,907. If the higher price target is achieved, BTC could increase 75.07% and reach $114,907.”
Ethereum
The second largest cryptocurrency by market capitalization, Ethereum or ETH has also shown incredible price traction since its inception in 2015. The token has since increased by nearly 121436.13% in the process.
The token is expected to attract a fresh flurry of activity soon as ETH ETF approvals have stirred the ETH community to new heights. Ethereum is an ideal coin to store, its value can increase sharply over time.
According to CoinCodex, Ethereum could spike by 91% making it an attractive option to explore with the aim of accumulating long-term profits.
“Ethereum could trade in a range of $3,429.12 to $6,609.88. If the higher price target is achieved, ETH could increase 91.80% and reach $6,609.88.”
Solana
Solana has been capitalizing on the current crypto wave with great grace as the token keeps changing value and distributing returns for good. The wild rise of the token’s meme coin has served the SOL ecosystem well, creating new volume for the system to leverage and grow. SOL was launched in 2020 and has since grown by a significant 16482%.
The token’s positive price trajectory makes it a suitable cryptocurrency to explore in the long term.
According to CoinCodex, SOL could skyrocket nearly 141% by the end of 2024.
“Solana could trade within a range of $131.13 and $332.14. If the higher price target is achieved, SOL could increase by 141.15% and reach $332.14.”
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