What is the best digital currency for long-term investment? Introducing the top 8 currencies

Now that the crypto market is bullish in 2024, many are looking for the best cryptocurrency for long-term investment. The good news is that there is still room for more growth in the price of digital currencies, and many analysts have predicted that the season of altcoins is about to begin. In this article, by analyzing the fundamental criteria of projects, we introduce the best digital currencies for long-term investment.

Disclaimer: The currencies listed in this article are suggested for audience review and should not be considered as investment advice from Aruzdigital. Before buying or selling, do your own thorough research.

List of the best digital currencies for long-term investment

The digital currencies that we want to introduce in this article have been selected based on fundamental analysis and their fundamental characteristics that cause growth and increase the demand for their purchase in the long term. The list of the best digital currencies for long-term investment includes the following:

• Bitcoin
• Ethereum
• Solana
• Dogecoin
• Tony Quinn
• side
• Optos
• World Coin

Before continuing the discussion, it is not bad to have a look at the performance of these currencies from the beginning of 2024 until now. The rate of growth of currencies in the table below has been calculated based on the trading data of various exchanges until the date of writing this article on 9 Azar 1403.

Bitcoin

Bitcoin, as the king of digital currencies, is definitely on our list of the best cryptocurrencies for long-term investment. There are many fundamental and economic factors that affect the long-term growth of Bitcoin’s price, including:

Bitcoin spot ETFs and interest rates

Bitcoin, having the largest market share, is still the driving force of the crypto market. One of the reasons for this was the approval of 11 spot ETF funds of this currency in January of this year.

These funds have witnessed huge capital inflows since their inception until now in November 2024 (Azer 1403). According to Coinshares, the incoming volume of these funds has now reached 12.3 billion dollars. As the crypto market continues to rise and interest rates in the US remain low, we will likely see more capital flowing into these funds.

Bitcoin halving

The second driver of Bitcoin price in the long term is the historical cycles of the halving effect. The last halving event of this digital currency took effect on April 20, 2024 (May 1, 1403) and increased the mining reward of each block to 25.3 units.

As you can see in the chart below, historically, Bitcoin has made a new all-time high between 1 and 3 years after each halving:

Now in November 2024, which is 7 months after the halving of 2024, we see the record of the historical ceiling of 6.99 thousand dollars for Bitcoin. If the previous cycles repeat themselves, there is still room for Bitcoin’s price to rise before the 2028 halving.

Donald Trump’s victory in the 2024 US elections

Another influential factor is Donald Trump’s victory in the 2024 US presidential election. Due to Trump’s support for Bitcoin and the crypto industry in the election campaigns and the appointment of people in favor of this industry in his cabinet, investors are very hopeful for the increase in the price of Bitcoin.

Ethereum

As the second largest cryptocurrency by market capitalization, Ethereum is another one of the best digital currencies for long-term investment. Ethereum is more than just a means of exchanging value; The Ethereum blockchain is used to develop decentralized applications, DeFi tools, NFTs, and more. All these applications also require ETH currency to pay fees.

On the other hand, the Ethereum ecosystem is so wide and large that it is ranked second after Bitcoin in terms of market dominance, and it currently owns 13% of the entire market. Therefore, if you are looking for a long-term investment, Ethereum can be another option for you.

Solana

The third digital currency in the list of the best cryptocurrencies for long-term investment is Solana. Solana is second only to Ethereum in terms of TVL. This year, the SOL currency has grown by more than 130%, which is more than the growth of currencies like Ethereum and Bitcoin.

The continued growth of Solana in the space of DeFi, DAPs, DEXs, NFTs and other things has given us hope for the future of this digital currency. Due to Solana’s many uses and also the cheapness of this network, we are waiting for increasing attention to this network and attracting more developers in the near future. One of the signs of Solana’s growth has been the hype meme coins of this network, which have recently become extremely popular.

Dogecoin

In the space of memecoins, it would be a shame to leave out Dogecoin. Although meme coins do not have a specific purpose and dog coin does not have important fundamental features such as rarity and utility, but because of its fan community, we can hope for its future.

Elon Musk’s support of Dogecoin has been one of the important factors in its price growth. With the inauguration of the Trump administration and the close connection of the CEO of Tesla with him, Elon Musk was appointed as the productivity minister of the Trump administration. Musk has named his ministry DOGE, and this is one of the factors in our bright outlook for the future price of Dogecoin.

Tony Quinn

After many ups and downs, Toon Blockchain finally started its work in 2022. On January 1, 2024 (Dan 11, 1402), the Natcoin Telegram game was released and paved the way for the development of Telegram games. Since then, we have witnessed the release of various games and tokens, including Major, Dogs, Hamster and others on your network.

Despite the numerous outages that occurred during the release of the Dogs token and the increased demand of users to withdraw their tokens in this blockchain, the Toon network is still considered one of the powerful ecosystems for the development of various programs, games, and one of the best digital currencies for long-term investment.

Another strength of Toncoin and the Ton network is its close relationship with the most popular messaging platform, Telegram, which makes its future fundamentally bright. Therefore, we expect that with the continuation of this trend, similar to the position that Ethereum was able to obtain in the DeFi space, Toon will also prove itself as the future of the Web 3 space.

side

Do you remember the Meta (old Facebook) crypto project called Libra or Libra, which was later renamed to Diem? After the project stopped working, its team called Mysten Labs took the same vision as Dim and launched the Sui project. This project aims to become the number one decentralized finance space and solve real world problems.

As we saw in the table at the beginning of this article, SUI digital currency has grown by more than 320% since the beginning of this year, and with 1.4 billion dollars in total locked value (TVL), it ranks 10th among the top DeFi chains in terms of TVL rating is located. Currently, various bridges, decentralized exchanges and wallets are built exclusively on this blockchain network.

Due to the position that Sway has and the possibility of increasing the development of decentralized programs on this network, as well as the increasing demand for buying Sway to pay transaction fees, it has a bright future ahead of it. This has made us put Sui currency in the list of the best digital currencies for long-term investment.

Optos

Along with Dim, Meta company had formed another team called Novi Finance to build a decentralized wallet, which project was abandoned after a while. After some time, the other members of Diem team together with Novi Finance came together and launched the Aptos project.

As a layer 1 network, this project aims to have all 3 elements of the blockchain’s triple problem, i.e. scalability, decentralization and security. This blockchain is also ranked among the top 11 chains in terms of TVL and after Sui, with a total locked value of $1.14 billion.

Therefore, if you are going to include Sui in your long-term investment portfolio, it is not a bad idea to take a look at Aptos.

World Coin

WorldCoin is the result of the creative mind of Sam Altman, the CEO of OpenAI, the creator of ChatGPT. You may ask that although this digital currency has not grown at all since the beginning of this year, it has also fallen and performed negatively. left, why should it be included in our list of the best digital currencies for long-term investment?

The answer is simple: now, artificial intelligence is around, and in the not so distant future, we will see this space and its projects gaining strength. With its unique technology, this project aims to revolutionize authentication methods in the Web 3 space.

One of WorldCoin’s plans is to attract organizations to use the technology of this project to prevent fraud and fraud. With increasing attention to the space of authentication and artificial intelligence, the price of WLD can experience a lot of growth. Especially since the historical ceiling of WorldCoin is $82.11 and its current price is much lower than this ceiling.

Frequently asked questions

summary

The list of best digital currencies for long-term investment includes Bitcoin, Ethereum, Solana, WorldCoin and several other digital currencies. In this article, we reviewed our proposed currencies based on the fundamental analysis of the projects. Of course, be careful that this article is not a recommendation from Erzdigital for investment and Azir users are responsible for their own decisions. Be sure to do your own thorough research before taking action.

Which currencies do you consider suitable for long-term investment? What experience do you have in this field that you can share with other users? Please comment your opinion and suggestions.