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Best Crypto Coins for Long-Term Investment

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This article explores the world of cryptocurrencies, examining market patterns and technological advancements to find the best coins to invest in the long run. 

Discover what makes these particular coins some of the top choices for aspiring investors in the cryptocurrency space.

Top Long-Term Cryptocurrencies for 2024

Exploring the cryptocurrency market may seem overwhelming, but focusing on long-term investment opportunities can result in stability and the possibility of growth. 

The digital currencies mentioned here are chosen based on their technology-driven features, relatively high performance within the cryptocurrency markets, and considerably high market capitalization. 

These factors make them perfect options for those who intend to hold long-term cryptocurrency assets. The types of digital assets that are taken into account are:

  • Bitcoin
  • Ethereum
  • Solana
  • Cardano
  • Polkadot

These cryptocurrencies have proven resilient and innovative, making them attractive choices for long-term investors.

Beyond investment, the integration of cryptocurrencies into various sectors is also noteworthy. For instance, the gaming industry has embraced digital currencies, allowing enthusiasts to use them excitingly. 

Gamers already feel the difference that the gaming coins are bringing to the games, when they are playing using crypto slots at Joe Fortune, they can enjoy their favorite games using Bitcoin and other cryptocurrencies. This illustrates digital assets’ practical applications and growing acceptance in everyday entertainment.

What follows is a detailed examination of the unique characteristics that make these specific cryptocurrencies attractive investments for long-term strategies.

1. Bitcoin (BTC)

One of the best options for long-term investment is Bitcoin, which has significantly impacted the cryptocurrency industry. 

Bitcoin differs significantly from conventional fiat money systems due to its open, safe ledger and lack of centralized control. 

The upper limit on Bitcoin’s total number of units enhances its value proposition compared to other currencies.

With a market value of several trillion dollars, Bitcoin is the dominant player in the cryptocurrency space. 

Its impressive rise reflects the public’s trust and positive perception of this virtual currency, which also follows current market patterns. Its legendary background makes it an incredibly alluring asset class for long-term investors.

The limited number of 21 million coins that characterizes Bitcoin is one feature that contributes to its appeal as a long-term investment vehicle. 

These characteristics and regular cuts in new coin manufacturing every four years (known as “halvings”) are expected to raise scarcity and possible appreciation over time.

Regarding investors considering adding cryptocurrencies to their diverse investment portfolio via sites such as cryptocurrency exchanges, where options include bitcoin futures, Bitcoin appears to be a reliable choice representing substantial advancements in decentralized finance models. 

2. Ethereum (ETH)

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It’s fair to say that Ethereum is rocking the crypto world. It was the first to offer smart contracts and NFTs, and it has DeFi; with this, it’s a solid choice for long-term holding purposes.

Once anything on Blockchain is executed automatically, Ethereum Virtual Machine (EVM) has made a super breakthrough. 

Now, the big players are coming in, and more institutional investors and developers are coming over to Ethereum.

Ethereum’s ongoing progress is visible in its use of Optimism and Arbitrum to make transactions faster and cheaper. 

This will help it grow more in this incredibly dynamic world of cryptos, which keeps changing constantly.

3. Solana (SOL)

Solana is very popular among crypto users. It allows up to 50,000 transactions every second and charges only $0.00025 per transaction. 

Many projects are now using Solana because it works so well. For example, the Render Network has moved over to it.

Now, Saga phone has chosen to integrate Solana into it. This makes it easier to use decentralized apps with the phone. 

As a result, Solana has an excellent chance to grow in the future of cryptocurrency.

4. Cardano (ADA)

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Cardano is built for developers and is designed to be secure and scalable. This makes it good for DApps and smart contracts. The Cardano blockchain can handle smart contracts well, so it’s perfect for different uses.

The Cardano team reviews the code, keeping updates high-quality and new features coming. The community is active and supportive, making Cardano a good choice for long-term investment in crypto.

5. Polkadot (DOT)

Polkadot easily connects many blockchains in a harmonious system. DOT tokens are used to participate in auctions, allowing small businesses to develop new projects. With Polkadot’s success, everyone will benefit.

The Polkadot community helps in steering interoperable, scalable blockchain governance. 

The DOT token auctions strengthen network security while promoting sustainable growth for innovative projects respecting Polkadot’s ecosystem.

Ethereum Set For Major Surge In Second Half Of 2024, Analysts Predict

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Crypto analyst Michael van de Poppe has recently given a positive outlook on Ethereum, expecting the cryptocurrency to surge in the second half of 2024. In a recent X post, the analyst shared a historical analysis and levels of interest with the focus on the second half of the year, during which altcoins such as ETH tend to bounce back significantly.

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The analyst noted that almost all altcoins performed poorly in the first half of the year. He claims that this pattern will pave the way for an excellent bounce-back and speed up in the second half, with Ethereum ready to take charge.

Van de Poppe is optimistic due to the fundamentals of Ethereum and the overall market environment. He expects the market conditions to improve, and this will lead him to forecast Ethereum to hit $7,000 by the end of 2024. This prediction is quite optimistic as it suggests that the trading of Ethereum will rise by a great margin in the future and support the analyst’s view on its future prospects.

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Ethereum Price Analysis

Strengthening this bulls’ perspective, Crypto Tony has given his take, on the Ethereum price. In the recent X post, Crypto Tony explained that Ethereum has to restore the $3,650 level as support.

The analyst pointed out that retesting this level would be the best opportunity for those who are not in the trade to get in. Crypto Tony explained that if the price reaches this level, it would present a solid base for further increases and be a key level for higher prices.

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Recalling the cyclical nature of the cryptocurrency market, the analysts’ forecasts will help investors and traders prepare for the periods of stagnation, followed by an explosive growth. Investors and traders should continue to watch the market and be ready for the second half of 2024, where they can make a lot of profits if they are in Ethereum or other altcoins.

The analysts’ recent analyses indicate that there could be a turning point in the second half of 2024 with the possibility of ether rising to $7,000 and the support level of $3,650 being a critical level. Investors are advised to pay particular attention to the market and get ready for what could possibly turn out to be a very crucial time for the digital currency.

Ethereum Inflows Surge 160K To Coinbase In 2 Days After Spot ETF Approval

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CryptoQuant, a leading analytics platform, has brought attention to an Ethereum event in the crypto space. After the approval of the Spot ETF, 160,930 Ethereum was poured into Coinbase within two days, and Grayscale was the primary entity behind this.

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Grayscale, a leading investment firm in the crypto sphere, generated net sales of $811 million in the two trading days following the approval. This high level of trading places Grayscale at the center of the significant rise in ETH deposits on Coinbase.

Ethereum Netflow Analysis

Zooming into the Ethereum netflow data over the last 48 hours presents the following trend. Indeed, during that time 47,811 ETH were withdrawn from Coinbase, though the net injections reached approximately 113,119 Ether. This has led to a large net investment which has put a lot of pressure on the market especially on the prices. ETH trading price decreased by 12% to $3,102 illustrating the market’s response to the rise in supply.

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As for the Ethereum movements, CryptoQuant has provided the assumption that these could be a sign of Grayscale’s Spot ETF, ETHE, putting more selling pressure in the coming period. The large inflows followed by selling activities are a clear indication of how the institutional investors can cause havocs within the cryptocurrency market.

As for investors and market analysts, the Ethereum netflow data is an important metric to watch. This ETH flow into Coinbase shows how institutional trades are influencing the market by focusing on the Grayscale push. Thus, analyzing these flows can be helpful in predicting the future shifts in price and trends of the market.

Grayscale has been at the forefront of trading activities following the approval of the Spot ETF in the Ethereum market. This development stresses the need to pay attention to the netflow data and keep cultivating insights based on it as the crypto market remains volatile and unpredictable.

The approval of Spot ETF has boosted a lot of Ethereum trading on Coinbase especially due to Grayscale’s large trading activities. This has led to higher prices pressure and a much lower value in the market.

Ethereum On The Verge Of Breaking $3,500 Resistance: Analyst Predicts $4K Surge

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Popular cryptocurrency trader Crypto Jack posted a convincing Ethereum (ETH) price prediction. In a recent post on X, the analyst analyzed that Ethereum is on the verge of achieving a major achievement after struggling to overturn resistance at $3,500. This could potentially open up the possibility of a new target of $4,000.

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Crypto Jack emphasized the importance of the current level of Ethereum that is considered resistant. After the breakout of the triangle, ETH faced the resistance at $3,500. This struggle is almost over, or at least, the signs on the market could signal an inclination towards an upward direction.

Traders and investors have paid a lot of attention to ETH’s price pattern and movements. Consequently, ETH tends to evade major trends since it remains the second biggest cryptocurrency based on market capitalization. The $3,500 resistance has been both psychologically and technically a major hurdle to ETH from attaining its desired value. Going beyond this level might be an indication of a strong bullish market that would further boost the market sentiment.

Ethereum Poised For Breakout

Crypto Jack’s $4,000 target prediction supported by a technical analysis of ETH and the current state of the market. He mentioned that a triangular patterned breakout in the chart indicated the likelihood of an upward trend. He said that it is soon going to cross it and become a much higher number and asked the crypto fraternity to get ready for the next resistance level.

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The prediction towards Ethereum to hit $4,000 has well captured the interest of the cryptocurrency space. This bullish aspect is further supported by the fact that Ethereum seems to be expanding on the technological front with newer developments and integrations in the sectors of DeFi, NFT, and smart contracts.

The overall sentiment seems to be charging up with the crypto market’s center of attention being on the price of Ethereum. Bitcoin has also gone up and is giving a good sign to altcoins such as ETH hence giving a positive view for the altcoins. From Crypto Jack’s recommendations, one is inclined to support the premise that Ethereum is about to rally big time.

Crypto Jack predicts that there may be a revolutionizer that would catapult ETH to $4,000, and everyone in the crypto space would wallow in it. While market trends continue to develop, Ethereum is waiting on the sidelines and looking forward to the start of the bullish trend to buy it.

Ethereum Founder’s Warning On Crypto Politics

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Ethereum founder Vitalik Buterin penned down a long article reflecting on how “crypto” has gained tremendous traction over the last couple of years. Especially in the political spectrum where various jurisdictions around the globe are considering bills to regulate different blockchain activities. Some notable examples are the Markets in Crypto Assets regulation [MiCA] in the EU, stablecoins regulation efforts in the UK, and the mix of legislation and attempted regulation-by-enforcement from the SEC in the United States.

Buterin sees most of these bills as reasonable, even though there were concerns of governments overstepping their authority like treating almost all coins as securities or banning self-custody wallets. Due to such fears, a section of the crypto community saw the opportunity to become more politically active, favoring political parties and candidates based almost entirely on their stance towards crypto.

Ethereum
Ethereum Founder's Warning On Crypto Politics 11

This trend, however, Buterin warned, carries risks of going against the values that crypto or decentralization stands for. Instead of overtly focusing on the centrality of “money”, or tokens, the focus should be on the broader principles of freedom and decentralization that underpin the crypto movement.

The Ethereum founder invoked the cypherpunk movement of the early 2000s, which emphasized free and open technology as a way of protecting and enhancing individual freedoms. At the time, the main battle was against restrictive copyright legislation and to counter that were torrent networks, encryption, and internet anonymization.

“A lesson learned very early on the importance of decentralization“, The Ethereum founder stated. He cited the famous example of how centrally controlled networks like Napster, were easily shut down but pure P2P networks like Gnutella and Tor continued to hold their ground.

With the arrival of Bitcoin, internet payments underwent a huge transformation bypassing restrictive copyright laws.

The point of all this is to contextualize the mentality that created blockchains and cryptocurrency in the first place: freedom is important, decentralized networks are good at protecting freedom, and money is an important sphere where such networks can be applied – but it’s one important sphere among several.

Ethereum Founder’s Message To Crypto Community

The Ethereum founder emphasized that supporting crypto should not be limited to one aspect, it should align with broader technological freedoms, such as privacy of communication, digital identity, and thought, as well as access to information. Hence, the crypto community should evaluate politicians not just on their stance towards crypto, but on their broader commitment to these freedoms.

By doing so, they can ensure that their support is based on principles that will remain relevant and protect individual freedoms in the long run.

Ethereum ETF Debut on July 23: SEC Approval

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Spot Ethereum ETF is set to commence trading on July 23, SEC insider sources stated. As revealed by Bloomberg analyst Eric Balchunas, the SEC has instructed the prospective issuers to submit the final S-1 form this week and apply for effectiveness after the market closes next Monday. This process will enable them to begin trading on Tuesday, July 23.

Nate’s instincts were right, hearing SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH. This is provided no unforeseeable last-minute issues of course.

This launch of the highly awaited ETH ETF was expected to occur as early as July 2 but got postponed by the U.S. Securities and Exchange Commission. As per Balchunas and James Seyffart, the US regulator took additional time to return the S-1 forms submitted by prospective spot Ether ETF issuers, pushing the launch to mid-July or later.

The ETF approval process is two-fold. The first part involved the approval of the issuers’ 19b-4 forms in May which the SEC greenlighted 19b-4 filings from eight ETF bidders on May 23. S-1 forms are the next step required for the ETFs to go live. However, unlike the 19b-4 forms, the S-1 forms are not time-bound. As a result, issuers are subject to the SEC’s timeline for review and approval.

Incoming Ethereum’s Supply Crisis

Once ETH ETF goes live, market observers anticipate a huge capital influx similar to Bitcoin ETF. However, a supply crisis looms large. Experts have noted two notable trends. One, the exchange balances have shrunk to just 10.2% of the total supply. Secondly, a whopping 40% of ETH is currently locked in smart contracts, significantly reducing the circulating supply available for trading.

Ethereum
Source: Leon Waidmann

Despite these figures, there is a lack of awareness among many investors of how constrained Ethereum’s supply has become. This tight supply scenario is set to have a noticeable impact, especially with the anticipated approval of Ethereum ETFs.

The introduction of ETFs is expected to drive even greater demand for Ethereum, further exacerbating the supply crunch. As a result, the market could experience significant price movements as demand outstrips supply, leading to unprecedented shifts in Ethereum’s market dynamics.

Ethereum Resistance Weakening: A Bullish Surge Ahead?

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Ethereum spent the week testing a key resistance level of $4,000 resistance suggesting a neutral to the slightly bearish outlook. While it has not yet broken through, market observers have noted signs that the resistance zone is weakening after multiple attempts of breaking. This area has proven to be a formidable hurdle, with ETH experiencing pullbacks each time it approaches this level. If a breakout occurs, it could trigger a massive bullish wave.

Ethereum
Ethereum Resistance Weakening: A Bullish Surge Ahead? 14

While the price has risen slightly in the past day, other market indicators like the Fear and Greed Index (at 47 indicating neutral sentiment). There’s a critical support level of around $3,000. If breached, it could signal a further decline. Conversely, a breakout above $4,000 resistance could indicate a potential price upswing

Besides on-chain metrics, fundamental factors also support a bullish outlook. The ongoing growth of decentralized finance (DeFi) and non-fungible tokens (NFTs) on the Ethereum network continues to drive demand for ETH. Furthermore, Ethereum is boosting investor confidence, thanks to the upcoming ETH ETF.

The crypto market is buzzing amidst speculation that the SEC will likely approve Ethereum ETF as soon as July 4. This development is expected to reignite the altcoin season after nearly three years in the making. Besides the institutional influx, market experts are however more intrigued to witness the outflows from Bitcoin ETFs as investors rush to pour their money into the new ETH ETF.

Ethereum Network Reports Lowest Fees Since 2016

While some experts believe that Ethereum might lack Bitcoin’s straightforward “digital gold” branding, it can still compensate for that with advanced features like smart contracts and staking. ETH ETFs could bring about a greater degree of regulatory clarity which could benefit the entire crypto ecosystem.

Recently, the Ethereum network reported the lowest average fees as of the current year since the year 2016. This disclosure was made by the founder of Wu Blockchain on X, citing information from Coinbase Director Conor. This week, the ETH network reported the lowest average fees since 2016. According to Coinbase Director Conor, the ten lowest average fees per hour on the ETH network were nine this week, and all nine were less than 3.3 gwei.

Ethereum Experiences Historic Drop In Network Fees: Report

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Ethereum network has reported the lowest average fees as of the current year since the year 2016. This disclosure was made by the founder of Wu Blockchain on X, who ensured that information on this was passed on by Coinbase Director Conor. The above data implies that of the ten least average fees per hour on the Ethereum network nine were encountered this week and all the nine were less than 3.3 gwei.

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On June 30, the average fee per hour on the Ethereum network was a mere. This was the second lowest point in the network’s recorded history with fees standing at a paltry 2.94 gwei. This is a clear indication that Ethereum users and the entire crypto space could be standing on the edge of a new and exciting phase.

Ethereum Fees Hit Record Lows

The network fees plummeted, while during the previous year fees were as high as 100 gwei during peak hours of network traffic. Some reasons for the decrease include; improvement in the efficiency of ETH in the recent past due to the upgrades and changes made to the network that aim at improving the capacity of the network.

These historically low fees are expected to affect the Ethereum ecosystem in a very big way. This reduces the cost of doing business and hence encourages more people to engage in activities within the network, developers deployment of dApps and more transactions. It is also important to note that the reduced fees also help in creating a lowered barrier of entry for new investors and the smaller investors thereby giving everyone an equal chance to be a part of the Ethereum network.

Also, this fee reduction is consistent with the Ethereum’s vision of moving to Ethereum 2.0, which is already expected to enhance the scalability and decrease the costs by moving from the proof-of-work to proof-of-stake consensus models. As the ETH community is still striving for these upgrades, current low fees are telling about the possible future state of the network and its cost.

Decreasing fees on the ETH network are a perfect opportunity to evaluate the platform’s current state. The future of Decentralized Finance and Blockchain technology is hereby being altered as the crypto world patiently waits to see what shall follow the reduced fees.

Vitalik Buterin Slams U.S. Crypto Regulations, Calls for Major Reforms

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Ethereum co-founder Vitalik Buterin has slammed the United States over its takes on defining and regulating cryptocurrencies as securities. Crypto journalist Colin Wu shared the information on W Blockchain X post, noting that Buterin is concerned about the current regulatory environment.

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Buterin’s criticism is directed at the U.S. Securities and Exchange Commission (SEC) and its expansive definition of what is considered a security in the digital sphere. He pointed out that the given regulatory environment promotes the development of virtually useless projects and various empty promises of the possible returns. As stated by Buterin, the existing environment does almost nothing to encourage proper innovation and real value within the sphere of cryptocurrencies.

Buterin’s main problem with the SEC’s approach is that it leads to projects that are not very clear with the benefits they provide and make only speculative promises rather than real developments that can be advantageous to the digital industry. He noted that to qualify the promise of returns and rights as securities, there has to be a shift in the law. This shift should be towards the fact that the tokens being issued should be backed up by some form of economic activity.

Vitalik Buterin Urges Honest Crypto-Regulation

Buterin urges the regulators and the industry to work together honestly to realize this. He estimates that the regulatory environment could be made slightly less oppressive, while still allowing for the stifering of frauds that are unlikely to be of much use. Thus, according to him, it is high time to make such a shift for the further development of the cryptocurrency market.

Buterin made the remarks during the week when the cryptocurrency market is already under great pressure from the regulators across the globe. Given the fact that the digital asset market is still relatively new, governments and other regulatory authorities are still seeking the most suitable ways of managing it.

The crypto community will be waiting for the response of the regulators to Buterin’s suggestions to adopt change. Nevertheless, his words cannot but contribute to the existing discussion about the further development of the cryptocurrency regulation in the United States and the rest of the world.

Ethereum Foundation’s Mailing List Compromised in Phishing Attack

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Ethereum Foundation recently suffered a security breach after its mailing list was compromised. Disclosing the incident, Tim Beiko, the lead developer said that the leak occurred due to a vulnerability in SendPulse, an email automation service used by the foundation. According to Beiko’s post, deceptive mail was sent from the address updates@ethereum.org.

PSA: it seems like the mailing list provider the EF uses for “updates@ethereum.org” has been compromised. We are currently trying to reach. @SendPulseCom to resolve the issue. Please don’t click any links sent from that email. Here’s a sample fake email that was received.

Typically, phishing emails disguise themselves as legitimate, tricking recipients into revealing sensitive information or clicking on malicious links. However, the Ethereum Foundation has quickly responded by locking access to the compromised mailing list to prevent further damage. While the exact details of the phishing attack on SendPulse remain unclear, the incident underscores the importance of robust security measures and vigilance against such attempts.

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Ethereum Foundation’s Mailing List Compromised in Phishing Attack 19

The Ethereum Foundation has assured its community that they are investigating the breach and working to secure their systems to prevent similar incidents in the future. Furthermore, Beiko highlighted the need for subscribers to be cautious of any suspicious emails claiming to be from the Ethereum Foundation.

Additionally, he advised users to verify the authenticity of emails by checking the sender’s address and avoiding clicking on links or downloading attachments from unknown sources. Additionally, users should enable two-factor authentication [2FA] on their accounts for an added layer of security.

No Major Ethereum Sales: Is the Foundation Predicting a Higher Peak?

Meanwhile, IntoTheBlock’s latest analysis delved into the USD net flows from Ethereum Foundation wallets. Historically, during each bull market, the Foundation has strategically sold substantial amounts, often aligning these sales almost perfectly with market peaks. In the current cycle, the Ethereum Foundation has yet to execute any significant sales.

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Ethereum Foundation’s Mailing List Compromised in Phishing Attack 20

This leaves us with two options to consider. First, the absence of substantial sales could indicate that the Foundation anticipates further market growth, suggesting that the peak of the current cycle is still ahead. Alternatively, the Foundation might have opted for a new approach, potentially adopting a longer-term holding strategy or a different method of managing its assets.