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Investing in any asset, including cryptocurrencies, is the best when it is done long-term. This has been proven time and time again, in traditional and crypto finance alike. Just like the stocks of firms like Apple, Google, Facebook, Amazon, Netflix, and many other firms skyrocketed over the last few decades, so did cryptos as Bitcoin and Ethereum grow from being penny-cryptos to multi-thousand-dollar per coin cryptocurrencies.
Now, this doesn’t mean that every coin will see the same success, even in the long term, which is why you need to be very careful about what you invest in, and you should definitely try to diversify your portfolio. You never know which sector might blow up next, or when the next bull run that will triple crypto prices might start.
With that said, there are some cryptos that are more likely to succeed than others, simply because they have better technology, more important goals, or better use cases. Today, we listed our top 10 suggestions for coins to buy, which might triple your investment in the future. This doesn’t mean that it will happen, but it is our belief that it might happen. In other words, these are simply suggestions,and you should form your own opinion and decide whether or not to actually invest in them. But, with that said, here are the coins that we believe have a very profitable future.
The first on our list is Avalanche, which calls itself the fastest smart contracts platform in the blockchain industry, measured by time-to-finality. There is no denying that Avalanche is extremely fast, and at the same time, a low-cost and eco-friendly blockchain. In fact, its eco-friendliness is one of its strongest features, as reducing the carbon footprint is very desirable in today’s blockchain industry.
So, if you are looking for a project that satisfies the current needs of the industry, then we definitely suggest Avalanche as the way to go.
To learn more visit our Investing in Avalanche guide.
Next, we have Fantom, which is a directed acyclic graph (DAG) smart contract platform that offers DeFi services to developers via its own consensus algorithm, The project aims to provide solutions to the problems that typically accompany smart contract platforms, such as slow transaction speeds.
But, overall, Fantom aims to be an Ethereum alternative and to solve the problems of the last generation of blockchains, such as low scalability, long waiting times, and high transaction processing fees, all of which are preventing Ethereum and similar platforms from satisfying the demand even today, let alone the future demand, which will be countless times greater as the adoption reaches mass proportions.
To learn more visit our Investing in Fantom guide.
3. Axie Infinity
In the third spot, we have Axie Infinity — currently the most popular metaverse game developed on blockchain technology. Axie Infinity allows players to purchase creatures called Axies, and to enter its vast world which they can explore, train their creatures, upgrade them with different body parts, and use them to fight others. If they win – they get rewards in the form of the project’s native token.
Naturally, since this token is a real cryptocurrency, it also means that it can be exchanged for real money. Alternatively, users can breed and sell new creatures, all of which are in the form of NFTs. Axie is a simple but very interesting and addicting game that lets you earn money while playing, which is why we believe that it will grow many times larger than it is right now and that it has great potential for the future.
To learn more visit our Investing in Axie Infinity guide.
Moving forward, we have Decentraland. While Axie Infinity is the largest metaverse game, Decentraland is the largest metaverse project, in general. It offers a digital world filled with digital land, which users can buy and use in a variety of different ways.
Some have already used this land to establish metaverse-based businesses, while others are using it for software, dApp, and game development. Some have created virtual galleries, while some even organized virtual events, conferences, and more. The most famous example of this is the Australian Open, which held tennis-related events in Decentraland in January 2022. Decentraland is likely the oldest metaverse project, and the most developed one, which gives it huge potential as this sector continues to expand and attract new users.
To learn more visit our Investing in Decentraland guide.
Cardano is another Ethereum alternative blockchain that has a very well-developed roadmap. This roadmap consists of five major development phases, and so far, Cardano has only completed two of them, all on schedule. The completion of the second one, known as Shelley, resulted in the project finally receiving smart contracts, which took place in late 2021.
As a result, its ecosystem suddenly exploded with dApps, DeFi protocols, metaverse projects, and other products. Unfortunately, despite getting all of the new use cases, the project’s native coin, ADA, did not have the chance to grow due to the bear market that took over soon after smart contracts were launched, which is why we expect it to skyrocket with the first signs of an upcoming bull run.
To learn more visit our Investing in Cardano guide.
In the sixth spot, we have a self-sustaining, decentralized, blockchain-based network called Algorand. Algorand’s goal is to provide support for a wide range of applications, featuring a secure, scalable, and efficient system. It offers all critical properties to support the most effective applications in the real world.
Like many others, Algorand was invented to improve the speed and efficiency of transactions, and potentially replace the older blockchains such as Bitcoin and others which struggle with the modern-day demand due to outdated technology.
To learn more visit our Investing in Algorand guide.
Next, we have Solana, which is the biggest and most popular Ethereum alternative out there today. Solana was also developed to resolve the issues of scalability that are making Ethereum practically unusable for regular users, as only the wealthiest crypto users can handle its massive transaction fees.
In its search for a solution, Solana managed to become the most scalable blockchain that the crypto industry has to offer, capable of handling up to 400,000 transactions per second before it starts struggling. As such, Solana may very well become the future of payments and smart contract-based products, which is why it definitely deserves a place in the top 10 largest cryptos list, where it occupies the sixth spot at the time of writing.
To learn more visit our Investing in Solana guide.
The eighth spot on our list went to Audius, which is a project that aims to solve the problems of the modern music industry. Essentially, the project has recognized many issues of the music industry today, from the lack of clarity regarding ownership rights to the countless intermediaries that connect artists and their communities. These intermediaries typically take the greatest amount of money for themselves while doing the least amount of work, effectively robbing the artists and their communities alike.
Audius aims to eliminate them by offering a platform where artists can get in direct contact with their fans, and allow them to post and listen to their music for free. Meanwhile, the project will reward them based on their popularity, which is one way to push forward the good music. Plus, it is also working on a feature that will allow artists to offer premium content, for community members who wish to support them by paying for it.
To learn more visit our Investing in Audius guide.
Nearing the end of our list, we have Apecoin. This is an Ethereum-based cryptocurrency used within the APE ecosystem, to empower and incentivize the community which is building the forefront of Web3.
Essentially, ApeCoin holders get to use the tokens to govern their project through a decentralized governance framework, controlling the ApeCoin DAO. It is a project that is all about democracy and community governance through voting and deciding on important decisions as a part of a collective.
To learn more visit our Investing in ApeCoin guide.
Finally, we have Bitcoin. We believe that Bitcoin — despite the growth that it saw in the past — is still nowhere near its limits and that the coin, which is the first and largest cryptocurrency in the entire industry, can go much further than its current ATH. Bitcoin is not nearly efficient enough to be the future currency of the world, but it is good enough to serve as the future version of gold, and as such, to act as a store of value.
However, Bitcoin was placed in the 10th place due to its flaws, including the lack of scalability, the fact that it is not eco-friendly, its high transaction fees, and alike. As the cryptocurrency that started the crypto industry, and the biggest crypto brand in the world — Bitcoin will never disappear, and it will continue to grow, and if there is any coin that we consider to be an absolute 100% safe investment in the long term, then this is it.
To learn more visit our Investing in Bitcoin guide.
There is no limit to the potential that the crypto industry holds in this day and age, and that is one of the most exciting things about it. There is, of course, a chance that many of the things we expect it to do end up in failure or abandonment, but for the time being, every project on this list, as well as many others, are working strongly towards changing the world with their services and features.
Whether or not they reach their full potential is anyone’s guess, as we simply cannot know the future. What we do know, however, is that these projects have their plans and that their goals certainly seem realistic enough, which is why we opt to support them in getting to their goals. It is up to you to decide whether or not you wish to do the same.