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10 Best Crypto Coins for Long-Term Investment in July 2024

Digital Finance News Staff

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10 Best Crypto Coins for Long-Term Investment in July 2024

Investing in cryptocurrencies for the long term is akin to playing a strategic game of chess. In chess, each piece has a distinct role and potential for contributing to the ultimate goal of winning the game. Similarly, from crypto presales like EarthMeta to mosst known crypto like Ethereum, each cryptocurrency has unique attributes and potential for growth, which, when understood and leveraged correctly, can lead to significant financial success.

The game of chess begins with understanding the board and the pieces at your disposal. The chessboard represents the cryptocurrency market, which is vast, dynamic, and filled with opportunities and challenges. The pieces on this board are the various cryptocurrencies, each with its unique characteristics, strengths, and weaknesses. To succeed in chess, you need to understand the capabilities and limitations of each piece; similarly, to succeed in crypto investments, you need to understand the fundamentals and potential of each cryptocurrency.

While meme coins are the small pawns because they, for most of them, don’t have a solid project with well-thought tokenomics, Bitcoin is the king: if it dies, everyone dies. Altcoins like Toncoin, for example, can be the queen, which is the most important piece of your game and can give you the win with a good strategy..

Just as a chess player must be aware of the entire board, a crypto investor must stay informed about market trends, regulatory developments, and technological advancements. This knowledge enables investors to make strategic moves, such as reallocating assets to hedge against market volatility or capitalizing on emerging sectors poised for growth.

Now, for all newbies, it’s good to note that the cryptocurrency market is showing signs of an impending bullrun, as numerous analyses indicate. Experts in the field are noting key indicators that suggest the market is gearing up for a significant upward movement. For investors, users and you, this represents an important moment to position yourself strategically.

To better understand what we are talking about : a bullrun refers to a period where the prices of assets rise continuously over a prolonged period. In the context of cryptocurrencies, this can mean substantial gains for those who invest early and wisely. Historically, bullruns in the crypto market have lasted several months to over a year, allowing ample time for prices to peak.

Why is this relevant now ? Current market conditions show similar patterns to previous pre-bullrun phases. Increased trading volumes, rising interest in crypto assets, and positive regulatory news are all contributing factors.

Investing in cryptocurrencies during a bullrun requires a long-term perspective. The nature of these markets is volatile, with prices fluctuating significantly even during bullish phases. A strategic approach involves identifying and investing in cryptocurrencies with strong fundamentals and long-term potential.

List of the 10 Best Promising Cryptos for Long-Term Investment in July 2024 – Best Buys Right Now

  1. EarthMeta (EMT) – AI-driven metaverse platform.
  2. Ethereum (ETH) – Leading smart contract blockchain.
  3. Ripple (XRP) – Efficient cross-border payments.
  4. Binance Coin (BNB) – Native token of the largest crypto exchange.
  5. Toncoin (TON) – High-capacity Telegram blockchain.
  6. Cardano (ADA) – Secure, scalable blockchain platform.
  7. Solana (SOL) – High-speed, low-cost blockchain.
  8. Polkadot (DOT) – Interoperable multi-chain network.
  9. Avalanche (AVAX) – High-performance blockchain platform.
  10. Chainlink (LINK) – Decentralized oracle network.

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1. EarthMeta (EMT)

EarthMeta (EMT) is probably the best crypto for long-term investment in 2024 since it is the native cryptocurrency of the EarthMeta project, an innovative metaverse platform integrating artificial intelligence to create immersive and personalized digital environments. Currently this crypto presale, EarthMeta offers a unique and compelling opportunity, with significant advantages for early birds. The platform is set to launch in two and a half months, and the presale offers substantial incentives, including a 15% bonus on tokens, a high annual percentage yield (APY) of 186% on staking rewards, and free NFT cities. These features position EarthMeta Token as a promising choice for long-term investment, particularly as the metaverse and AI sectors continue to grow.

EarthMeta’s vision is to develop a metaverse platform that provides users with a highly interactive and personalized virtual space. By leveraging existing AI algorithms, EarthMeta aims to analyze real-world city values and give accurate and real time datas to users to make the best choices while trading. The platform will offer a metaverse similar to Google Earth, where users can buy unique cities as NFTs, then divide and sell parcels of their land. This innovative approach not only enhances the user experience but also creates numerous opportunities for monetization and passive income. The recent release of their teaser made waves among the commnity and attracted many whales.  

One of the most attractive aspects of investing in EarthMeta Token during the presale is the substantial incentives offered to early investors. The 15% bonus on tokens an the free NFT cities offered to presale participants represent a significant value-add, allowing investors to own virtual real estate in the burgeoning metaverse. These incentives not only enhance the potential returns but also demonstrate EarthMeta’s commitment to rewarding its early supporters.

The unique feature of the EarthMeta platform is the ability for users to buy and own not just a plot of land but a whole city as NFTs. These virtual cities can be divided into parcels and sold, creating a dynamic and flexible real estate market within the metaverse. Owners of these cities will earn a 1% tax on each transaction occurring within their land, providing a steady stream of passive income. Furthermore, users who acquire the most valuable cities within a country will earn a tax on all trades within that country, offering an additional layer of income potential. This innovative economic model incentivizes investment in the platform and enhances the value proposition of owning EMT.

The presale phase provides early participants with the opportunity to acquire EMT at a favorable price, with the potential for significant returns as the platform gains traction and adoption. With the token expected to be released in a maximum of five months, coinciding with a potential market bullrun, EMT is well-positioned for substantial growth.

The potential for EarthMeta Token to achieve significant value appreciation is underscored by its innovative approach and strategic timing. As a new entrant in the metaverse space, EMT has the potential to achieve important figures, particularly given the growing interest in metaverse and AI technologies.

Ultimately, EarthMeta aims to attract a diverse user base, from gamers and content creators to educators and businesses. The platform’s versatility and range of applications make it an appealing choice for various user segments. Gamers will be able to enjoy interactive experiences, content creators will be able to monetize their work, educators to develop virtual learning environments, and businesses to explore new ways to engage with customers and clients. This broad appeal enhances the platform’s growth potential and drives demand for EMT that will drive up the price of it.

2. Ethereum (ETH)

We positioned the ETH as second on our list since the long-term impact of ETFs on Ethereum during a bullrun can be substantial. Historically, bullruns in the cryptocurrency market have been driven by various factors, including technological advancements, regulatory developments, and increased adoption. The introduction of ETFs adds another layer to this dynamic, providing a conduit for substantial capital inflow from institutional and retail investors alike. This influx of funds can drive up the price of Ethereum as demand outstrips supply.

You probably heard about the Exchange-Traded Funds (ETFs) ? They have gained considerable attention in the financial markets for their ability to offer investors diversified exposure to various assets. ETFs are investment funds that are traded on stock exchanges, much like individual stocks. They hold a collection of assets, such as stocks, bonds, or other securities, and aim to replicate the performance of a specific index. This unique structure provides investors with an efficient way to gain exposure to a broad market segment without having to purchase individual assets separately.

Ethereum, being the second-largest cryptocurrency by market capitalization, stands to benefit significantly from the advent of ETFs. Ethereum’s blockchain technology underpins a wide range of decentralized applications (dApps), smart contracts, and other innovations. Its versatility and robust network have positioned it as a cornerstone of the decentralized finance (DeFi) ecosystem. As ETFs bring more capital into the market, Ethereum is likely to see increased demand and investment.

As institutional investors allocate more funds to Ethereum ETFs, the resulting capital inflow can have a profound impact on the price and market capitalization of Ethereum. Moreover, ETFs can enhance the visibility and credibility of Ethereum in the eyes of mainstream investors. Traditional investors who may have been skeptical about cryptocurrencies could view ETFs as a more palatable entry point. The regulatory scrutiny and oversight associated with ETFs can provide a level of reassurance that direct investments in cryptocurrencies may not offer. This increased visibility and acceptance can lead to broader adoption of Ethereum and its underlying technology.

It is important to note that while ETFs can drive significant capital inflows and enhance market stability, they are not without risks. The price of Ethereum can still be subject to market volatility, regulatory changes, and technological challenges. The timing of Ethereum ETFs coinciding with a bullrun can amplify their impact. Bullruns are typically characterized by heightened investor enthusiasm, increased trading volumes, and rapid price appreciation. The introduction of ETFs during such periods can attract even more investors seeking to capitalize on the upward momentum. This can create a positive feedback loop, where rising prices attract more investors, further driving up prices.

Furthermore, the role of media and public perception cannot be underestimated. Positive news coverage and endorsements from influential figures can significantly boost investor confidence and interest in Ethereum ETFs and we can see it from now ! So by providing a regulated and accessible investment vehicle, ETFs can attract substantial capital inflows from institutional and retail investors. This influx of funds can drive up the price of Ethereum and enhance its market stability

3. Ripple (XRP)

Staying on this subject, Ripple (XRP), a digital asset designed for real-time cross-border payments, stands to gain significantly from the introduction of Exchange-Traded Funds (ETFs) tailored for cryptocurrencies. Unlike many other cryptocurrencies, Ripple focuses on facilitating efficient and low-cost international transactions, positioning itself as a bridge currency for financial institutions. The advent of ETFs can uniquely benefit Ripple in several key ways, fostering its adoption and driving its value.

The introduction of Ripple-specific ETFs provides a streamlined and regulated way for investors to gain exposure to XRP without directly handling the cryptocurrency. This is particularly advantageous for institutional investors who require compliance with regulatory frameworks and prefer traditional investment vehicles. One of Ripple’s primary use cases is its integration with financial institutions for cross-border payments. Currently, traditional international money transfers are costly and slow, often taking several days and incurring significant fees. Ripple’s technology, leveraging the XRP ledger, aims to change this process by providing near-instantaneous transactions with minimal costs. As ETFs channel more investment into Ripple, financial institutions may become more inclined to adopt XRP for its efficiency and cost-effectiveness, enhancing its utility and demand.

Ripple has already established partnerships with numerous banks and financial entities worldwide. So as ETFs bring more capital into the market, they can bolster Ripple’s credibility and financial stability. This increased confidence can lead to more financial institutions joining Ripple’s network, further expanding its reach and usage. This, in turn, enhances Ripple’s appeal to banks and payment providers looking for reliable and scalable solutions. 

What is good to note as well is that Ripple’s vision includes not only facilitating cross-border payments but also supporting a wide range of financial services. Increased investment can accelerate the development of new use cases and applications built on the Ripple network, diversifying its offerings and increasing its market presence.

Also, the underlying technology of Ripple, the XRP Ledger, is praised for its efficiency and scalability, which supports Ripple’s potential for widespread adoption. Recent developments, including positive trends in its legal battles with the SEC, bolster confidence in Ripple’s future. Coupled with its strong community and active development.

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4. Binance Coin (BNB)

Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, the largest cryptocurrency exchange in the world by trading volume. Introduced in 2017, BNB has grown from being a simple utility token to a cornerstone of the Binance ecosystem, playing a pivotal role in various services and applications within the platform.

The impact of ETFs on Binance Coin is awaiting to be significant, primarily due to Binance’s dominant position in the cryptocurrency market. As ETFs bring more capital into the crypto space, the increased trading volumes on Binance will naturally drive up the value of BNB. This is because BNB is used for a variety of purposes on the Binance platform, including paying for transaction fees, participating in token sales, and accessing exclusive features.

Moreover, Binance has implemented a quarterly token burn mechanism, where a portion of BNB is permanently removed from circulation. This deflationary process reduces the total supply of BNB, making it more scarce and potentially more valuable over time. As ETFs channel more investments into the crypto market, the increased trading activity on Binance will result in larger amounts of BNB being burned, further enhancing its scarcity and value.

Also, if BNB becomes a component of major crypto ETFs, it will benefit from the increased visibility and investment. Inclusion in ETFs would validate BNB as a significant asset within the cryptocurrency market, attracting more investors and driving up its price.

Binance is not just an exchange; it has evolved into a comprehensive ecosystem offering a range of services, including Binance Smart Chain (BSC), a blockchain platform that supports smart contracts and decentralized applications (dApps). BNB plays a crucial role in the BSC ecosystem, being used for transaction fees and staking. As more projects and users migrate to BSC, the demand for BNB will increase, and : further driving its value.

ETFs can also indirectly benefit BNB by enhancing the overall credibility and acceptance of cryptocurrencies. As more traditional investors gain exposure to crypto assets through ETFs, the market as a whole can become more stable and mature. This increased acceptance and legitimacy can lead to broader adoption of Binance’s services and BNB itself.

Also, Binance has worked to comply with various regulatory requirements worldwide, enhancing its legitimacy and trustworthiness. The exchange has also implemented robust security measures to protect user funds and data. This commitment to security and compliance has bolstered investor confidence in Binance and, by extension, in BNB. As regulatory clarity improves globally, Binance’s position as a compliant and secure exchange will likely attract more users and investors, thereby driving further demand for BNB.

5. Ton Coin (TON)

Most newbies know the Toncoin (TON) crypto but don’t know that it is the native cryptocurrency of the Telegram Open Network (TON), a blockchain platform developed by the team behind Telegram, one of the most popular messaging apps globally. With its robust technology and the backing of a major social media platform, Toncoin will probably become a significant player in the cryptocurrency space. The recent introduction of advertising on Telegram presents a unique opportunity for Toncoin to see substantial growth, similar to the impact Google Ads had on Google’s share price.

Telegram, with over 700 million active users, is a powerful platform with a vast and engaged user base. The introduction of Telegram Ads is a strategic move that aims to monetize this large audience. Telegram Ads allows companies to reach a highly targeted audience with precision, leveraging Telegram’s extensive data and user insights. As businesses look for effective ways to reach potential customers, the ability to pay for ads with Toncoin will add a new dimension to the platform’s advertising ecosystem.

Comparing this to the introduction of Google Ads provides a compelling case for Toncoin’s potential. When Google launched its advertising platform, it completely changed the digital marketing industry. Google Ads allowed businesses to reach customers in a highly targeted and efficient manner, leading to significant revenue growth for Google. This success translated into a substantial increase in Google’s share price as advertisers flocked to the platform, driving demand and revenue.

Similarly, the ability to pay for Telegram Ads with Toncoin is expected to drive demand for the cryptocurrency. As more companies recognize the value of advertising on Telegram, they will need Toncoin to pay for these ads, creating a steady and growing demand for the token. This demand is likely to increase Toncoin’s value, much like how Google’s share price soared following the success of Google Ads.

Also, and next to our analysis of the ads, tthe Telegram Open Network (TON) itself is a highly scalable and secure blockchain platform. Designed to support millions of transactions per second, TON aims to provide a fast and efficient infrastructure for decentralized applications (dApps) and services. The robust security measures of TON also ensure that transactions are safe and reliable, building trust among users and businesses. The strategic vision behind TON and its integration with Telegram’s advertising ecosystem aligns with the broader trend of increasing adoption of blockchain technology. 

Moreover, Toncoin’s potential is further supported by Telegram’s active and engaged community. The Telegram user base is known for its tech-savvy and forward-thinking nature, making it an ideal audience for adopting and using cryptocurrency. The strong community support not only drives the adoption of Toncoin but also fosters innovation and collaboration within the TON ecosystem. This active engagement ensures that TON can evolve and adapt to meet the changing needs of its users.

6. Cardano (ADA)

As you might know, Cardano (ADA) is a blockchain platform designed to provide a secure and scalable infrastructure for the development and execution of decentralized applications (dApps) and smart contracts. Launched in 2017 by Input Output Hong Kong (IOHK) under the leadership of Charles Hoskinson, one of the co-founders of Ethereum, Cardano aims to address some of the key challenges faced by earlier blockchain platforms, such as scalability, interoperability, and sustainability.

At the heart of Cardano is its unique proof-of-stake (PoS) consensus mechanism, known as Ouroboros. Unlike proof-of-work (PoW) systems, which require significant computational power and energy consumption, PoS systems are more energy-efficient and environmentally friendly

The staking mechanism in Cardano allows ADA holders to participate in the network’s consensus process and earn rewards. Staking pools are an integral part of this process, enabling even small ADA holders to participate by delegating their tokens to a pool. This inclusive approach ensures widespread participation and enhances the security and decentralization of the network. The staking rewards provide an incentive for long-term holding and engagement with the Cardano ecosystem, making it an attractive option for investors looking for sustainable returns.

Interoperability is another important aspect of Cardano’s vision : the platform aims to facilitate seamless interaction between different blockchain networks, enabling the transfer of assets and data across various platforms. This interoperability for the broader adoption of blockchain technology is a must, as it allows different systems to communicate and collaborate effectively. Cardano’s focus on interoperability positions it as a potential bridge between different blockchain ecosystems, enhancing its utility and value proposition.

Cardano also places a strong emphasis on sustainability and governance. The platform’s treasury system allocates a portion of transaction fees to a treasury fund, which is used to support the ongoing development and maintenance of the network. This self-sustaining model ensures that Cardano can continue to evolve and improve without relying on external funding. Additionally, the Voltaire phase will introduce a decentralized governance model, allowing ADA holders to propose and vote on changes to the network. This democratic approach to governance ensures that the Cardano community has a say in the platform’s future direction, fostering a sense of ownership and involvement among users.

By addressing real-world challenges and offering practical solutions, Cardano can drive broader adoption and integration of blockchain technology. This focus on utility and real-world applications enhances the relevance and value of the Cardano platform and tokens, making it a compelling option for long-term investors.

7. Solana (SOL)

Ths crypto made a huge buzz this year, Solana (SOL) is a high-performance blockchain platform designed to support decentralized applications (dApps) and crypto-currencies at scale. Launched in 2020, Solana has quickly risen to prominence due to its innovative approach to scalability, low transaction costs, and high throughput. Unlike many other blockchain platforms that struggle with speed and efficiency, Solana offers a solution that can process thousands of transactions per second, making it one of the fastest and most efficient blockchains in existence.

The ability to maintain low transaction costs while offering high throughput is particularly attractive for developers and users who require a scalable and cost-effective platform for their dApps. As the demand for decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and other blockchain-based solutions grows, Solana’s scalable infrastructure can accommodate this increased activity without experiencing congestion or high fees. This scalability and efficiency position Solana as a leading contender in the blockchain space, appealing to both developers and investors.

The Solana ecosystem has experienced rapid growth, attracting a diverse array of projects and developers. Solana’s compatibility with the Ethereum Virtual Machine (EVM) enables developers to port their Ethereum-based applications to Solana with minimal adjustments. This interoperability broadens Solana’s appeal, allowing it to leverage the existing developer community and projects from the Ethereum network. As more projects migrate to or launch on Solana, the demand for SOL, the native cryptocurrency of the Solana network, is likely to increase, driving its value higher.

The Solana Foundation, which oversees the development and promotion of the network, actively engages with various industry players to foster innovation and adoption. High-profile partnerships with projects like Serum, a decentralized exchange (DEX), and Star Atlas, a blockchain-based gaming platform, demonstrate Solana’s versatility and wide-ranging applications. Also, the role of institutional investment in Solana’s success cannot be overlooked. Institutional interest in blockchain technology and cryptocurrencies has been growing, and Solana’s robust infrastructure and impressive performance metrics have attracted significant attention. Notable investments from major venture capital firms and institutional investors have provided Solana with the resources needed to accelerate its development and expand its ecosystem. This influx of capital also signals confidence in Solana’s long-term potential, attracting more investors and driving demand for SOL.

The Solana Foundation works closely with regulatory bodies and legal experts to ensure compliance with relevant regulations, enhancing the platform’s credibility and trustworthiness. Additionally, the project employs rigorous security measures to protect its network and users, including regular audits and a robust bug bounty program. These efforts to ensure regulatory compliance and security bolster investor confidence and contribute to Solana’s long-term viability.

As the global adoption of blockchain technology continues to beecome mainstream, Solana is well-positioned to capitalize on this trend, offering a substantial long-term value for investors. For those seeking a high-performance, scalable, and versatile blockchain platform, Solana stands out as a promising choice.

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8. Polkadot (DOT)

Polkadot (DOT) is a next-generation blockchain protocol designed to enable multiple blockchains to interoperate and share information in a decentralized manner. Developed by Dr. Gavin Wood, co-founder of Ethereum, Polkadot aims to address some of the critical limitations of existing blockchain networks, such as scalability, interoperability, and governance. By providing a platform where independent blockchains, known as “parachains,” can operate seamlessly together, Polkadot changed the blockchain landscape and offers significant investment potential.

At the core of Polkadot’s architecture is its Relay Chain, which is responsible for the network’s security, consensus, and cross-chain interoperability. Parachains, which are custom blockchains tailored for specific applications, connect to the Relay Chain and benefit from Polkadot’s shared security model. This design allows for a high degree of scalability, as transactions can be processed in parallel across multiple parachains, significantly increasing the network’s throughput. This parallel processing capability addresses the scalability issues faced by many existing blockchain platforms, making Polkadot a highly efficient and scalable solution.

The platform is designed to enable different blockchains to communicate and share data seamlessly. This interoperability is achieved through bridges that connect Polkadot to other blockchain networks, such as Ethereum and Bitcoin. By facilitating cross-chain interactions, Polkadot enhances the functionality and utility of individual blockchains, creating a more cohesive and interconnected ecosystem. This ability to bridge disparate blockchain networks positions Polkadot as a key player in the future of blockchain technology, where interoperability will be essential for broader adoption and integration.

Governance is another critical aspect of Polkadot’s design. The platform features a sophisticated governance system that allows DOT token holders to participate in the decision-making process. This decentralized governance model ensures that the network can evolve and adapt to the needs of its users without relying on centralized authorities. Proposals for protocol upgrades, changes, and new developments are voted on by the community, ensuring that the interests of the majority are represented. This inclusive and democratic approach to governance fosters a sense of ownership and engagement among DOT holders, contributing to the platform’s long-term stability and growth.

DOT holders can stake their tokens to support the network’s security and operations, earning rewards in return. This staking process incentivizes long-term holding and participation, aligning the interests of the token holders with the health and success of the network. The staking rewards provide a steady return for investors, making DOT an attractive option for those seeking passive income through their crypto investments. 

The Polkadot ecosystem is rapidly expanding, with numerous projects and developers building on the platform. The Polkadot Substrate framework allows developers to create custom blockchains tailored to specific use cases, benefiting from Polkadot’s security and interoperability features. This modular and flexible approach to blockchain development has attracted a wide range of projects, from decentralized finance (DeFi) applications to gaming and supply chain solutions. As the number of projects on Polkadot grows, so does the demand for DOT, driving its value and utility.

9. Avalanche (AVAX)

Avalanche (AVAX) is a high-performance blockchain platform designed to support decentralized applications (dApps) and custom blockchain networks. Launched by Ava Labs in 2020, Avalanche aims to solve some of the most pressing issues faced by existing blockchain platforms, such as scalability, security, and interoperability. With its innovative consensus protocol and versatile architecture, Avalanche has quickly emerged as a leading player in the blockchain space, offering significant potential for long-term investment.

At the heart of Avalanche’s architecture is its unique consensus protocol, known as Avalanche consensus. Avalanche consensus uses a novel approach that combines the benefits of both PoS and PoW. It employs a system of repeated random subsampling of nodes to achieve consensus quickly and efficiently. This method allows Avalanche to process thousands of transactions per second (TPS) with low latency and high security. The high throughput and fast finality make Avalanche one of the fastest and most efficient blockchain platforms available, capable of handling the demands of large-scale applications.

Each subnet can operate with its own set of rules, governance structures, and virtual machines. This flexibility allows developers to tailor subnets to specific use cases and requirements, enhancing the platform’s versatility. For instance, a subnet can be optimized for DeFi applications, while another can be designed for supply chain management. This modular architecture enables Avalanche to support a wide range of applications and industries, driving its adoption and utility.

Also, the platform is built to facilitate seamless communication and interaction between different blockchains. Avalanche’s cross-chain interoperability protocol allows for the transfer of assets and data between Avalanche subnets and external blockchains, such as Ethereum and Bitcoin. This capability enhances the functionality and reach of individual blockchains, creating a more integrated and cohesive ecosystem. 

The Avalanche ecosystem is rapidly expanding, with a growing number of projects and developers building on the platform. Avalanche’s compatibility with the Ethereum Virtual Machine (EVM) allows developers to easily port their Ethereum-based applications to Avalanche. This interoperability attracts a diverse array of projects, from decentralized finance (DeFi) protocols and non-fungible tokens (NFTs) to gaming and enterprise solutions. As more projects launch on Avalanche, the demand for AVAX, the native cryptocurrency of the Avalanche network, is likely to increase, driving its value higher.

Avalanche’s strategic partnerships and collaborations further enhance its growth prospects. Ava Labs actively engages with various industry players to foster innovation and adoption. High-profile partnerships with projects like Aave, a leading DeFi protocol, and Chainlink, a decentralized oracle network, demonstrate Avalanche’s versatility and wide-ranging applications. These partnerships not only bring more users and developers to the Avalanche ecosystem but also validate its technology and potential.

The role of institutional investment in Avalanche’s success cannot be overlooked. Institutional interest in blockchain technology and cryptocurrencies has been growing, and Avalanche’s robust infrastructure and impressive performance metrics have attracted significant attention. Notable investments from major venture capital firms and institutional investors have provided Avalanche with the resources needed to accelerate its development and expand its ecosystem. This influx of capital also signals confidence in Avalanche’s long-term potential, attracting more investors and driving demand for AVAX. Plus : the Avalanche community is known for its enthusiasm and support, regularly participating in events, hackathons, and online forums. This active engagement fosters innovation and collaboration, helping to drive the development of new projects and applications on the Avalanche network. The strong community support also enhances Avalanche’s resilience and adaptability, ensuring that it can evolve to meet the changing needs of the blockchain space.

10. ChainLink (LINK)

Chainlink (LINK) is a decentralized oracle network that enables smart contracts on various blockchain platforms to securely interact with real-world data and external APIs. Launched in 2017 by Sergey Nazarov and Steve Ellis, Chainlink aims to bridge the gap between blockchain technology and the real world by providing reliable and tamper-proof data to smart contracts. This unique functionality has positioned Chainlink as a critical infrastructure in the blockchain ecosystem, offering significant potential for long-term investment.

At the core of Chainlink’s architecture is its decentralized oracle network, which consists of numerous independent nodes that provide data to smart contracts. These nodes, known as oracles, retrieve data from off-chain sources and deliver it to the blockchain in a secure and reliable manner. The decentralized nature of Chainlink’s network ensures that no single point of failure can compromise the integrity of the data, enhancing the security and trustworthiness of the information provided to smart contracts. 

From financial data and weather information to sports scores and IoT sensor readings, Chainlink oracles can supply virtually any kind of data required by smart contracts. This versatility makes Chainlink an indispensable component of many blockchain applications, driving its adoption and utility. As the number of use cases for smart contracts continues to grow, the demand for reliable and diverse data sources provided by Chainlink is likely to increase, boosting the value of LINK, the native cryptocurrency of the Chainlink network.

Chainlink’s role in the DeFi sector is particularly noteworthy. DeFi applications rely heavily on accurate and timely data to function correctly. Price feeds, interest rates, and other financial metrics must be reliable to ensure the proper execution of smart contracts. Chainlink’s decentralized oracle network provides these data feeds with high reliability and security, making it the go-to solution for many DeFi projects. As the DeFi sector continues to expand, the demand for Chainlink’s services is expected to grow, driving further adoption and increasing the value of LINK.

The Chainlink ecosystem is continuously evolving, with ongoing development and innovation aimed at improving its functionality and performance. The introduction of Chainlink 2.0, a major upgrade to the network, aims to enhance scalability, security, and functionality. Chainlink 2.0 will introduce features such as hybrid smart contracts, which combine on-chain and off-chain computation to increase efficiency and reduce costs. This upgrade will also improve the security of the network through advanced cryptographic techniques and enhanced node reputation systems. These developments ensure that Chainlink remains at the forefront of the blockchain oracle space, capable of meeting the growing demands of the industry.

Another important aspect of Chainlink’s value proposition is its tokenomics. LINK tokens are used to pay node operators for their services, incentivizing them to provide reliable and accurate data. Node operators must also stake LINK tokens as collateral, which can be forfeited in case of malicious behavior. This staking mechanism aligns the interests of node operators with the overall security and reliability of the network. The demand for LINK tokens is thus driven by both the need to pay for oracle services and the requirement for staking, creating a robust economic model that supports the long-term value of LINK.

As more industries and enterprises recognize the benefits of blockchain, the need for reliable and secure data feeds will become increasingly important. Chainlink’s ability to provide decentralized, tamper-proof data to smart contracts makes it a crucial infrastructure for the blockchain ecosystem. This growing adoption will drive demand for Chainlink’s services and, by extension, the LINK token, enhancing its long-term value proposition.

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Final thoughts : 

In conclusion, the cryptocurrency market is brimming with opportunities for those willing to dive in and explore its vast potential. EarthMeta ($EMT) the most promising long-term investment is probably set to whange the current metaverse with its AI-driven platform. Ethereum (ETH) continues to lead the way with its pioneering smart contract capabilities, while Ripple (XRP) simplifies cross-border payments with unmatched efficiency.

Binance Coin (BNB) benefits from its integral role within the world’s largest crypto exchange, and Toncoin (TON) is poised for growth as it integrates with Telegram’s massive user base. Cardano (ADA) and Solana (SOL) shine with their secure and scalable platforms, supporting a multitude of applications. Polkadot (DOT) brings interoperability to the forefront, allowing seamless communication between different blockchains, and Avalanche (AVAX) impresses with its high-performance capabilities for decentralized applications. Chainlink (LINK) remains essential, providing reliable, decentralized data to smart contracts.

As blockchain technology and digital assets gain more traction globally, these cryptocurrencies are not just investments but gateways to the future. They promise innovation, growth, and a transformative impact on various industries. Yet, with so many promising options, one must ask: which of these cryptocurrencies will not only survive but thrive in this digital landscape ?

Which crypto is best to invest in now?

EarthMeta is a strong contender for the best crypto to invest in right now. The project is currently in its presale phase, offering significant incentives such as a 15% bonus on tokens, a high APY of 186% on staking rewards, and free NFT cities. EarthMeta is set to launch its AI-driven metaverse platform in a few months, providing users with interactive and personalized virtual spaces. These features, combined with the potential for passive income through virtual real estate, make EarthMeta a promising investment.

Which crypto has the best potential?

EarthMeta (EMT) shows significant potential due to its integration of artificial intelligence to create an immersive metaverse. The platform’s ability to allow users to own, trade, and monetize virtual cities as NFTs adds to its appeal. With a structured roadmap and upcoming full platform launch, EarthMeta is positioned to capitalize on growing interest in the metaverse and AI technologies, making it a strong candidate for high potential returns.

Which crypto will give 1000x?

EarthMeta could potentially achieve a 1000x return. The project’s innovative metaverse platform, combined with its AI-driven personalization and unique NFT city ownership model, sets the stage for significant value appreciation. The presale phase offers early entry at a favorable price, and as the platform gains adoption, the potential for exponential growth increases.

Which crypto is worth investing in 2024?

EarthMeta (EMT) is a compelling investment for 2024. The platform is set to launch in the coming months, offering an AI-driven metaverse with personalized virtual spaces. With significant incentives for early investors and a robust roadmap, EarthMeta is well-positioned to attract a diverse user base and drive adoption, making it a worthwhile investment for the upcoming year.

Which crypto will gain the most?

EarthMeta (EMT) is likely to gain the most in the near future. The project’s unique combination of AI technology and a metaverse platform, along with its economic model involving NFT city ownership and trading, positions it for substantial growth. The presale incentives and the platform’s upcoming launch are expected to drive significant interest and value appreciation.

What crypto is a good long-term investment?

EarthMeta is a solid long-term investment. The project’s focus on creating a sustainable and scalable metaverse platform using advanced AI technology ensures its potential for ongoing growth. The ability to own and monetize virtual cities as NFTs provides a continuous revenue stream for investors, and the high APY on staking rewards further enhances its attractiveness as a long-term investment.

Is EarthMeta the best crypto investment of the year?

EarthMeta is arguably one of the best crypto investments of the year. With its AI-driven metaverse platform set to launch soon, offering interactive and personalized virtual environments, EarthMeta stands out. The presale phase provides substantial incentives, and the innovative economic model involving NFT city ownership and trading positions EarthMeta for significant growth. These factors make it a standout investment opportunity in 2024.

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Markets

Today’s top crypto gainers and losers

Digital Finance News Staff

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Jupiter and JasmyCoin lead the rally: Top crypto gainers and losers of the day

Over the past 24 hours, Jupiter and JasmyCoin emerged as the top gainers among the top 100 crypto assets, while Bittensor and Mantra plunged as the top losers.

Top Winners

Jupiter

Jupiter (JUP) led the charge among the biggest gainers on July 27.

At the time of writing, the crypto asset had surged 12.6% in the past 24 hours and was trading at $1.16. JUP’s daily trading volume was hovering around $282 million, according to data from crypto.news.

JUP Hourly Price Chart, July 26-27 | Source: crypto.news

Additionally, the cryptocurrency’s market cap stood at $1.56 billion, making it the 62nd largest crypto asset, according to CoinGecko. Despite the recent price surge, the token is still down 42.6% from its all-time high of $2 reached on Jan. 31.

Jupiter functions as a decentralized exchange aggregator that allows users to trade Solana-based tokens. The platform also offers users the best routes for direct trades between multiple exchanges and liquidity pools.

In addition to being a DEX aggregator, Jupiter has expanded into a “full stack ecosystem” by launching several new projects, including a dedicated pool to support perpetual trading and plans for a stablecoin.

JasmyCoin

JasmyCoin (JASMI) has increased by 12% in the last 24 hours and is trading at $0.0328 at press time. JASMY’s daily trading volume has increased by 10% in the last 24 hours, reaching $146 million.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 2

JASMY Hourly Price Chart, July 26-27 | Source: crypto.news

The asset’s market cap has surpassed the $1.5 billion mark, making it the 60th largest cryptocurrency at the time of reporting. However, the self-proclaimed “Bitcoin of Japan” is still down 99.3% from its all-time high of $4.79 on February 16, 2021.

JASMY is the native token of Jasmy Corporation, a Japanese Internet of Things provider. The platform seeks to merge the decentralization of blockchain technology with IoT, allowing users to convert their digital information into digital assets.

The initiative was launched by Kunitake Ando, ​​former COO of Sony Corporation, along with Kazumasa Sato, former CEO of Sony Style.com Japan Inc., Hiroshi Harada, executive financial analyst at KPMG, and other senior executives from Japan.

Kaspa

Kaspa (KAS) saw a 100% increase in trading volume and an 8% increase in price over the past 24 hours, trading at $0.19 at the time of publication.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 3

KAS Hourly Price Chart, July 26-27 | Source: crypto.news

According to data from CoinGecko, Kaspa now ranks 27th in the global cryptocurrency list, with a circulating supply of approximately 24.29 billion KAS tokens and a market capitalization of $4.59 billion.

Kaspa is a cryptocurrency designed to deliver a high-performance, scalable, and secure blockchain platform. Its unique Layer-1 protocol includes the GhostDAG protocol, a proof-of-work (PoW) consensus mechanism that enables faster block times and higher transaction throughput compared to standard blockchains.

Unlike Bitcoin, GhostDAG allows multiple blocks to be created simultaneously, speeding up transactions and increasing block rewards for miners.

Bonk

Bonk (BONK) is the only one coin meme which made it to this list of biggest gainers and jumped 8.6% in the last 24 hours. Trading at $0.000030, the Solana-based meme coin’s market cap has surpassed $2.1 billion, surpassing Floki (FLOKI), another competing dog-themed coin with a market cap of $1.78 billion.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 4

BONK Hourly Price Chart, July 26-27 | Source: crypto.news

BONK’s daily trading volume hovered around $285 million. However, BONK is still down 33.5% from its all-time high of $0.000045, reached on March 4.

Bonk, a meme coin that rose to prominence in 2023, has contributed significantly to Solana’s value increase amid the meme coin frenzy.

Bonk started out as a simple dog-themed coin. It has since expanded its features to include integration with decentralized finance. The project also partners with cross-chain communication protocols, NFT marketplaces, and various other cryptocurrency ecosystems.

BONK trading pairs are now listed on major exchanges including Binance, Coinbase, OKX, and Bitstamp.

The big losers

Bittensor

Bittensor (TAO) was the biggest loser among the 100 largest crypto assets, according to data from CoinGecko.

At the time of writing, TAO, the native token of decentralized AI project Bittensor, was down 5%, trading around $344. The crypto asset had a daily trading volume of $59 million and a market cap of $2.43 billion.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 5

TAO 24 Hour Price Chart | Source: CoinGecko

Bittensor, created in 2019 by AI researchers Ala Shaabana and Jacob Steeves, initially operated as a parachain on Polkadot before transitioning to its own layer-1 blockchain in March 2023.

Mantra

Mantra (OM) fell 6%, trading at $1.13 at press time. The digital currency’s market cap fell to $938 million. Additionally, the 82nd largest crypto asset has a daily trading volume of $26 million.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 6

OM Price Hourly Chart, July 26-27 | Source: crypto.news

Mantra is a modular blockchain network comprising two chains, Manta Pacific and Manta Atlantic, specialized in zero-knowledge applications.

Coat

Coat (MNT) also saw a 2.4% drop in price, now trading at $0.8413. Currently, Mantle has a market cap of around $2.75 billion, which ranks 36th in the global cryptocurrency rankings by market cap, according to price data from crypto.news.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 7

MNT Hourly Price Chart, July 26-27 | Source: crypto.news

Over the past 24 hours, MNT trading volume also fell by 6%, reaching $240 million.

Mantle, formerly known as BitDAO, is an investment DAO closely associated with Bybit. The MNT token is essential for governance, paying gas fees on the Mantle network, and staking on various platforms.

Built on the Ethereum network, Mantle provides a platform for decentralized application developers to launch their projects. It has become particularly popular for GameFi applications, leading to the formation of an internal Web3 gaming team.

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Markets

Bitcoin Price Drops to $67,000 Despite Trump’s Pro-Crypto Comments, Further Correction Ahead?

Digital Finance News Staff

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Bitcoin Price Drops to $67,000 Despite Trump’s Pro-Crypto Comments, Further Correction Ahead?

Pioneer cryptocurrency Bitcoin has registered a 1.13% decline in the past 24 hours to trade at $67,400. Despite a strong pro-crypto stance from US presidential candidate Donald Trump at the Bitcoin 2024 conference, this massive selloff has raised concerns in the market about the asset’s sustainability at a higher price. However, given the recent three-week rally, a slight pullback this weekend is justifiable and necessary to regain the depleted bullish momentum.

Bitcoin Price Flag Formation Hints at Opportunity to Break Beyond $80,000

The medium-term trend Bitcoin Price remains a sideways trend amidst the formation of a bullish flag pattern. This chart pattern is defined by two descending lines that are currently shaping the price trajectory by providing dynamic resistance and support.

On July 5, BTC saw a bullish reversal from the flag pattern at $53,485, increasing its asset by 29.75% to a high of $69,400. This recent spike followed the market’s positive sentiment towards the Donald Trump speech at the Bitcoin 2024 conference in Nashville on Saturday afternoon.

Bitcoin Price | Tradingview

In his speech, Trump outlined several pro-crypto initiatives: he promised to replace SEC Chairman Gary Gensler on his first day in office, to establish a Strategic National Reserve of Bitcoin if elected, to ensure that the U.S. government holds all of its assets. Bitcoin assets and block any attempt to create a central bank digital currency (CBDC) during his presidency.

He also claimed that under his leadership, Bitcoin and cryptocurrencies will skyrocket like never before.

Despite Donald Trump’s optimistic promises, the BTC price failed to reach $70,000 and is currently trading at $67,400. As a result, Bitcoin’s market cap has dipped slightly to hover at $1.335 trillion.

However, this pullback is justified, as Bitcoin price has recently seen significant growth over the past three weeks, which has significantly improved market sentiment. Thus, price action over the weekend could replenish the depleted bullish momentum, potentially strengthening an attempt to break out from the flag pattern at $70,130.

A successful breakout will signal the continuation of the uptrend and extend the Bitcoin price forecast target at $78,000, followed by $84,000.

On the other hand, if the supply pressure on the upper trendline persists, the asset price could trigger further corrections for a few weeks or months.

Technical indicator:

  • Pivot levels: The traditional pivot indicator suggests that the price pullback could see immediate support at $64,400, followed by a correction floor at $56,700.
  • Moving average convergence-divergence: A bullish crossover state between the MACD (blue) and the signal (orange) ensure that the recovery dynamics are intact.

Related Articles

Frequently Asked Questions

A CBDC is a digital form of fiat currency issued and regulated by a country’s central bank. It aims to provide a digital alternative to traditional banknotes.

The proposal for a strategic national Bitcoin reserve is a major confirmation of Bitcoin’s legitimacy and potential as a reserve asset. Such a move could position Bitcoin in a similar way to gold, potentially stabilizing its price and encouraging other countries to adopt similar strategies.

Conferences like Bitcoin 2024 serve as essential platforms for networking, knowledge sharing, and showcasing new technologies within the cryptocurrency industry.

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Markets

Swiss crypto bank Sygnum reports profitability after surge in first-half trading volumes – DL News

Digital Finance News Staff

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Swiss crypto bank Sygnum reports profitability after surge in first-half trading volumes – DL News
  • Sygnum says it has reached profitability after increasing transaction volumes.
  • The Swiss crypto bank does not disclose specific profit figures.

Sygnum, a Swiss global crypto banking group with approximately $4.5 billion in client assets, announced that it has achieved profitability after a strong first half, with key metrics showing year-to-date growth.

The company said in a Press release Compared to the same period last year, cryptocurrency spot trading volumes doubled, cryptocurrency derivatives trading increased by 500%, and lending volumes increased by 360%. The exact figures for the first half of the year were not disclosed.

Sygnum said its staking service has also grown, with the percentage of Ethereum staked by customers increasing to 42%. For institutional clients, staking Ethereum has a benefit that goes beyond the limitations of the ETF framework, which excludes staking returns, Sygnum noted.

“The approval and launch of Bitcoin and Ethereum ETFs was a turning point for the crypto industry this year, leading to a major increase in demand for trusted, regulated exposure to digital assets,” said Martin Burgherr, Chief Client Officer of Sygnum.

He added: “This is also reflected in Sygnum’s own growth, with our core business segments recording significant year-to-date growth in the first half of the year.”

Sygnum, which has also been licensed in Luxembourg since 2022, plans to expand into European and Asian markets, the statement said.

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Markets

Former White House official Anthony Scaramucci says cryptocurrency bull market could be sparked by regulatory clarity

Digital Finance News Staff

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Former White House official Anthony Scaramucci says cryptocurrency bull market could be sparked by regulatory clarity

Anthony Scaramucci, founder of Skybridge Capital, says the next cryptocurrency bull market could be sparked by a new wave of clear cryptocurrency regulations.

In a new interview On CNBC’s Squawk Box, the former White House communications director said he and two other prominent industry figures traveled to Washington, D.C. to speak to officials about the dangers of Sen. Elizabeth Warren and U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s hardline approach to cryptocurrency regulation.

“Mark Cuban, myself, and Michael Novogratz were in Washington a few weeks ago to speak with White House officials and explain the dangers of Gary Gensler and Elizabeth Warren’s anti-crypto approach. I hope that message gets through…

“Overall, if we can get regulatory policy around Bitcoin and crypto assets in sync, we will have a bull market next year for these assets.”

Scaramucci then compares crypto assets to ride-hailing company Uber, saying regulators were initially wary of the service but eventually decided to adopt clear guidelines due to public demand.

“Remember Uber: Nobody wanted Uber. A lot of regulators didn’t want it. Mayors and deputy mayors didn’t want it, but citizens wanted Uber and eventually accepted the idea of ​​regulating it fairly. I think we’re there now.”

The CEO also says young Democratic voters believe their leaders are making the wrong choices when it comes to digital assets.

“I think President Trump’s move toward Bitcoin and crypto assets has shaken Democrats to their core, and I think very smart, younger Democrats are recognizing that they are completely off base with their positions, completely off base with these SEC lawsuits and regulation by law enforcement, and now they need to get back to the center.”

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