Top 4 Crypto Coins to Hold for Long-Term Profit

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As a seasoned researcher with over a decade of experience in the financial markets, I can confidently say that the world of cryptocurrencies has been one of the most intriguing and rewarding journeys I’ve embarked on. Having witnessed Bitcoin’s meteoric rise from near obscurity to almost $100,000, I can attest to its potential as a long-term investment.

If you’re considering which crypto coins could be beneficial for a long-term investment, it’s worth noting that historically, cryptocurrency has consistently outperformed conventional assets such as commodities and stocks. For instance, Bitcoin started at nearly zero in 2009, and today it stands at around $100,000. On the other hand, the S&P 500 index has only increased by less than 500% over the same timeframe. With that in mind, let’s explore some promising cryptocurrencies to invest in for a long-term horizon.

Best crypto coins to hold

To make a wise investment in the realm of cryptocurrencies, consider focusing on those digital assets with a proven history of strong performance, useful functionality, and an active and engaged community backing them.

Ripple (XRP)

This year, the value of XRP has experienced a dramatic surge, placing it among the top cryptocurrencies to invest in. Over the past five weeks, its price has climbed steadily without pause, and in just the last month, it’s seen an almost 500% increase.

In simpler terms, the value of the coin has surpassed its significant barriers, reaching an all-time high in July 2023 and breaking through the line that forms the bottom of a sloping ‘V’ shape pattern on the chart.

Just now, the price of XRP surpassed the significant resistance level at $1.9810, reaching its peak for April 2021. The XRP price has been holding steadily above all moving averages, and the Average Directional Index (ADX) indicates a strong momentum.

Noteworthy foundations underpin XRP as well. It is set to introduce the RLUSD stablecoin, and the newly appointed SEC chair could potentially resolve their ongoing cases. Moreover, there’s growing speculation that Ripple Labs might go public, which could serve as a significant catalyst.

Aureal One (DLUME)

Aureal One stands out as an excellent cryptocurrency to invest in, offering potential triple-digit returns. At the moment, it’s being offered during its presale, where each DLUME token is priced at just $0.0007. This is significantly lower than its anticipated listing price of $0.005. So, any purchase made now could potentially yield a profit if the listing price remains steady for some time.

Aureal One is expected to thrive due to its potential. Its creators aspire for it to lead as the initial blockchain network for gaming within the metaverse, offering virtually no gas fees and blazingly fast transactions. Similar to how Mantra has excelled, it can do so by concentrating on a single sector. The value of Mantra has skyrocketed by more than 4,000% this year by focusing on RWA tokenization.

Solana (SOL)

Solana stands as another significant cryptocurrency investment option, bolstered by its robust technical and fundamental aspects. Fundamentally, it has emerged as the preferred platform for developers in sectors such as DeFi and meme coins. Moreover, its DeFi Total Value Locked (TVL) and decentralized exchange (DEX) trading volume have seen a notable surge over the past few months.

In simpler terms, the graph of Solana over the past week appears to have taken a shape resembling a cup with a handle. This ‘cup and handle’ pattern consists of a level section (the cup) and a gently curved downward section (the handle). The recent price movement is part of the handle formation.

As a crypto investor, I’m feeling quite bullish about Solana (SOL). Given that the current buying pressure has pushed the depth of the market up to around 94%, it seems plausible that we might witness a significant surge in SOL’s value, potentially reaching close to $500.

Dogecoin (DOGE)

Dogecoin, the well-known meme-based cryptocurrency, is another widely held digital asset. It boasts a considerable following, with Elon Musk, currently at the helm of the Department of Government Efficiency, among its many supporters.

Dogecoin consistently stays above both its 50-week and 200-week moving averages, showing remarkable stability. More recently, it surpassed a significant barrier at $0.2265, marking its highest peak on March 25. This level was important because it represented the upper boundary of the double-top pattern, as well as the higher side of the cup and handle pattern.

Currently, Doge is shaping an ascending pennant structure, characterized by a long upward sloping line followed by a symmetrical triangle. Historically, this pattern often signals a significant bullish surge. If such a breakout occurs, it’s possible that Dogecoin could surge and attempt to revisit its peak price of $0.7363, marking an increase of approximately 75% from its current levels.

Summary Of The Best Cryptocurrency To Hold

In essence, history tends to demonstrate that cryptocurrencies outperform other investments over a prolonged period. Therefore, investing in these digital coins could assist you in expanding your investment portfolio. Some promising coins to consider purchasing are Polkadot, Tron, and Ethereum.

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2024-12-04 13:36