Whoever gets in early, wins! But discovering and identifying projects when they are at an early stage to make those short-term gains is challenging and equally risky.
That is why to make big gains in Long Term Crypto Portfolios, one must have a long-term strategy in place. But is Bitcoin the only choice for your long-term bags? Are there any other altcoins that are a must hold for your long-term crypto strategy. Here are the top 4 picks other than bitcoin that we believe hold super strong potential.
Coin 1: Ethereum
Although Ether is a very different cryptocurrency technically from bitcoin, it is also seen as an asset to float forever. According to a morningstar report, from 2015 to 2021, ether has shown a better performance than bitcoin. In the last 12 months, ETH has grown 44% and its ATH value was $4,878.
Also, more investors have confidence in Ether. Its technology was the one that enabled the creation of DeFi, NFTs, DAOs, and the metaverse. Just to have a better idea of how big is ethereum, it has more than $121.4 billion in TVL with 562 protocols in its ecosystem.
Moreover, the other part of Ethereum’s great legacy is that it has been the inspiration for other blockchains and improved on what ethereum started. But, what does Ethereum solve?
- It was the first decentralized platform that gave the historic opportunity, to people around the world, to manage their assets without having a bank account securely.
- People can tokenize any physical asset that can not be separated. From art to departments, people can now prove 100% ownership of digital assets, which can be used to get a collateralized loan.
- The phrase “If it’s free, the product is you” sums up how companies have given free services for our data, without being aware that our privacy is the most valuable asset we have. Therefore, Ethereum allows us to be able to use free internet services without sacrificing our privacy. This is called web3.
Finally, according to the Finder crypto adoption index made in December 2021, Ether is the second most popular coin, where 31.7% of survey people in the US add it to their portfolio.
Coin 2: Cardano
Another currency that has great potential to belong to a long-term portfolio is Cardano. This was one of the blockchains that were born to solve the high transaction fees of Ethereum and continue to encourage innovation.
Nowadays, its native token, ADA, has grown 2700% in the last 2 years based on its open-source and inclusive technology that supports environmentally sustainable projects. Also, Cardano has achieved the following milestones so far until February 2022:
- 3.12 million wallets
- 32.9 million transactions.
- 68.7% of ADA’s are staked.
Moreover, the Cardano Foundation is the organization behind ADA whose main goal is to drive the adoption of Cardano by building a legal framework and commercial standards. Also, it brings technical resources to developers that gather a global, robust community.
In addition, sectors like education, retail, agriculture, government, finance, and healthcare are using Cardano’s technology. For example, Cardano is helping to:
- Verify educational credentials/certificates.
- Eliminate product/medicine counterfeiting
- Track supply chain processes
- Develop digital identities for governments.
- Develop identify verification (KYC) processes for financial purposes.
Nowadays, according to CoinMarketCap, there are 19 tokens in Cardano’s ecosystem that have 342 dApps developed in DEXs, wallets, DeFi, marketplaces, infrastructure, launchpad, metaverse/gaming, social, among other sectors.
Coin 3: Polkadot
The easiest way to conceptualize a blockchain is as one platform established by decentralized nodes, and it is in the vast majority of cases, with very few exceptions. Well, Polkadot is one of them.
In Polkadot, you can create a blockchain (also called “parachains”) to launch your decentralized project in an easy, scalable and secure way.
This network has been created by one of the Co-Founders of Ethereum, Gavin Wood in 2016. However, it was not until October 2021 that the first parachain saw the daylight: Acala, the Polkadot’s DeFi Hub.
As a result of this innovation, at the time of launching this video, the market cap of DOT, the native token, is the 10th crypto with the highest marketcap, which currently has $19.3 billion with a 24-hour trading volume of $522 million.
Did you know that Polkadot was founded by the web3 foundation? It is one of the most important research organizations that constantly contribute to the development of decentralized protocols.
In other words, without their input, protocols such as proof-of-stake (used by Ethereum, Polygon, Avalanche, Solana, among others), proof-of-coverage (Helium) would not have been developed to the level it is today.
Also, in any parachain, you can make very fast, cheap, and secure transactions with other parachain. Another essential feature about Polkadot is that anyone can transfer any kind of token between parachains. Moreover, here are some numbers that demonstrate how this network is growing:
- Moonriver, the most active parachain of Kusama, has achieved 10 million transactions, 70 integrations, and +355k wallets.
Note: Kusama is a blockchain that was launched by Polkadot before Polkadot’s auctions went live. The goal was to focus all the experimentation and early-age projects on Kusama while Polkadot can properly develop its parachains.
- More than 530,000 active wallets: Another significant Polkadot partnership is the one with Efinity. This decentralized platform that develops NFTs and integrates it with the metaverse is now live on Polkadot.
Coin 4: Cosmos
IBC (Inter-Blockchain Communication) protocol supports Cosmos, a network of interconnected blockchains. What makes Cosmos unique is that projects can be unique blockchains that interact inside the Cosmos ecosystem through ATOM, Cosmos native token.
To make you have a better idea of how big is Cosmos, through its consensus protocol, it manages more than $141 billion in digital assets in blockchains like BNB Chain, Terra LUNA, Ethereum, crypto.com, THORChain, and bitcoin.
Therefore, ATOM is in the 20th position of the projects with the highest marketcap in the ecosystem. It has accumulated a marketcap of $7.7 billion, with a 24-hour trading volume of $434 million.
Also, the team behind Cosmos is the Interchain Foundation. A software development organization founded in 2014 by Terdermint. Nowadays, 17 more members support Cosmos.
Moreover, Cosmos has developed its SDK framework supported by a proof-of-stake consensus with a 99% lower carbon footprint that lets developers build innovative applications.
In addition, Cosmos lets communities organize, allocate resources to its members by developing a governance mechanism. To close the circle, users can have full control over gaming cross-chain assets. Finally, nowadays, there are:
- 150 validators (nodes)
- 40 interconnected blockchains
- 63% staking ATOM tokens.
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