A Curated List of the Top 4 Best Cryptos to Buy Now for Long-Term Traders: BlockDAG, Cardano, Chainlink & Bitcoin
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/BlockDAG/ – Selecting the best cryptocurrency for long-term investment in 2024 requires careful consideration of several factors. Investors need to evaluate market capitalization, liquidity, use case, and the security of each project before making a decision.
It’s not just about picking the coin with the highest short-term gains, but also choosing one with solid foundations and long-term potential. While some cryptos offer groundbreaking technology, others stand out for their market dominance or strong use cases in decentralised finance (DeFi).
In this list, we look at four cryptocurrencies, BlockDAG (BDAG), Cardano (ADA), Chainlink (LINK), and Bitcoin (BTC). Crypto experts say these are four strong options for long-term investors to consider.
BlockDAG: The Next Big Thing in Crypto
BlockDAG (BDAG) has quickly emerged as one of the top contenders for long-term crypto investments, especially after raising over $100 million in its presale. Built on a Directed Acyclic Graph (DAG) architecture, BlockDAG offers a highly scalable, secure, and efficient alternative to traditional blockchain networks.
The project has gained significant momentum, with its current coin price at $0.0206 and an impressive 1960% ROI already seen by early backers. BlockDAG’s focus on combining tested security features like Bitcoin with the scalability of newer blockchain technologies sets it apart from other contenders.
As BlockDAG aims for a $600 million target in its presale, crypto enthusiasts believe it could soon become a major player in the market, especially since experts predict $20 per coin by 2027.
Cardano (ADA): A Sustainable Blockchain Platform
Cardano is known for its academic approach to blockchain development, which makes it one of the most sustainable and secure platforms in the crypto market. Cardano utilises a proof-of-stake (PoS) consensus mechanism. Its strong focus on scalability and decentralised governance has made it a favourite for long-term investors.
However, Cardano has faced criticism for its slow development pace, particularly in building out its decentralised app (dApp) ecosystem. Despite this, its interoperability and sustainability features continue to attract attention, with ADA currently priced at $0.36.
Chainlink (LINK): Bridging Blockchain & Real-World Data
Chainlink (LINK) is a decentralised oracle network that provides a crucial function in the blockchain ecosystem by allowing smart contracts to interact with real-world data. This makes Chainlink indispensable for decentralised finance (DeFi), insurance, and gaming industries. Its token, LINK, is used as payment for data and computation services.
Chainlink’s growing number of integrations with various blockchains has solidified its position as a long-term investment option. While it has seen strong adoption, Chainlink faces competition from other Oracle providers and suffers from relatively high volatility. Despite these challenges, LINK remains a strong choice for investors looking to capitalise on the growing demand for decentralised data services.
Bitcoin (BTC): The Digital Gold Standard
Bitcoin (BTC) remains the gold standard in the cryptocurrency world, known for its decentralised structure and capped supply of 21 million coins. Often referred to as “digital gold,” Bitcoin’s value is driven by its status as a store of value and its widespread institutional adoption.
In 2024, Bitcoin continues outperforming major altcoins, trading at around $68,414 with a year-over-year return of 128.67%. However, it faces challenges, such as slower transaction speeds and regulatory uncertainty in some regions. Despite these drawbacks, Bitcoin’s established reputation makes it a top choice for long-term investors looking for stability in the volatile crypto market.
Choosing the Best Long-Term Crypto Investment
Each cryptocurrency on this list offers distinct advantages for long-term crypto buyers. Cardano appeals to those interested in sustainability and academic rigour, while Chainlink stands out as the backbone of smart contract infrastructure.
Bitcoin continues to be a cornerstone in the market, appealing to those seeking a well-established store of value. Finally, BlockDAG provides cutting-edge scalability and has already demonstrated significant returns for early backers.
Depending on individual goals and risk tolerance, these bullish altcoins offer promising investment opportunities for the long haul. However, for those seeking a combination of high returns, scalability, potential, and affordability, BlockDAG stands out as the top choice. Since its presale launch, BlockDAG has shattered records, surpassing $100 million while its coin’s value rapidly climbs.
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