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Best Long Term Crypto to Buy in 2024

Samuel Odera
Samuel Odera
Samuel is a content writer with a laser focus on Web3 and iGaming. With years of freelancing experience, he is well-versed in the nuances of both industries. When he’s not writing, Sam loves to travel and discover new music.
October 17th, 2024
Editor:
Ruby Layram
Ruby Layram
Editor:
Ruby Layram
Crypto Content Editor
Ruby is a seasoned Editor with 5 years of experience working in the cryptocurrency space. She currently works as a Crypto Content Editor for BanklessTimes with a focus on creating informative content that helps our readers navigate cryptocurrency with confidence. Ruby discovered crypto whilst working as a freelance writer at University. She has been passionate about shedding light on crypto and DeFi through valuable content ever since. Before joining the team at BanklessTimes, Ruby worked on a number of established finance sites including The Motley Fool, TradingPlatforms.com, StockApps, ICOBench, and MoneyMagpie.com.
Fact Checker:
Ruby Layram
Ruby Layram
Fact Checker:
Ruby Layram
Crypto Content Editor
Ruby is a seasoned Editor with 5 years of experience working in the cryptocurrency space. She currently works as a Crypto Content Editor for BanklessTimes with a focus on creating informative content that helps our readers navigate cryptocurrency with confidence. Ruby discovered crypto whilst working as a freelance writer at University. She has been passionate about shedding light on crypto and DeFi through valuable content ever since. Before joining the team at BanklessTimes, Ruby worked on a number of established finance sites including The Motley Fool, TradingPlatforms.com, StockApps, ICOBench, and MoneyMagpie.com.

Although many traders get excited around short-term gains that can be made by investing in groundbreaking projects, cryptocurrency also makes a robust long term investment vehicle. The best long term cryptos to buy in 2024 are coins that have a strong roadmap, robust tokenomics and community support.

In this guide, we will take a look at 12 promising cryptocurrencies that meet this criteria and stand out as the best long term cryptos to buy in 2024.

Our Best 16 Long Term Crypto Investments In 2024

For anyone looking to find out which crypto to invest in for the long term, here is a list of 16 top-quality choices:

  1. iDEGEN
  2. Bitcoin (BTC)
  3. Solciety (SLCTY)
  4. Dogizen (DOGIZ)
  5. Bitcoin Dogs (0DOG)
  6. Memeinator (MMTR)
  7. Bitbot (BITBOT)
  8. Chancer (CHANCER)
  9. AltSignals (ASI)
  10. Metacade (MCADE)
  11. Solana (SOL)
  12. Optimism (OP)
  13. Dogechain (DC
  14. Decentraland (MANA)
  15. The Graph (GRT)
  16. Cardano (ADA)
  17. Shiba Inu (SHIB)

1. iDEGEN (IDGN)

iDEGEN stands out as one of the most promising long-term cryptocurrencies to buy in 2024. Not only does the project have solid tokenomics, but it is also built with lasting utility that makes it more than just another meme coin. 

idegen

Instead, iDEGEN is an experiential AI that will be raised by degens. The outcome of the project has been placed entirely in the hands of investors, offering a kind of control and transparency that the market has never seen before. 

The backbone of any successful crypto project is its community, and iDEGEN has positioned itself to attract and engage a vibrant one. By focusing on meme culture and interactive AI learning, the project invites active participation from crypto enthusiasts. This engagement is crucial for building a loyal user base, which can drive long-term adoption and support. 

Moreover, iDEGEN’s tokenomics are designed to support long-term growth. With a total supply of 11,111,111,111 IDGN tokens and a carefully planned distribution, the project ensures liquidity and market stability. 

The premarket auction uses an adaptive pricing mechanism, allowing the market to determine a fair price for the token while burning unsold tokens to reduce supply. This scarcity element can help sustain demand over time. 

The best time to buy IDGN is during the ongoing pre-market sale, through which you can buy tokens at a discounted price. The sale will run until the 1st of January 2025. To take part, you will need to swap SOL for IDGN.

2. Bitcoin (BTC)

When talking about the best long-term cryptos, it’s difficult not to mention Bitcoin. There are several reasons why many people consider BTC to be the strongest long-term cryptocurrency investment.

Bitcoin is the first cryptocurrency ever created, and it’s often referred to as digital gold. This comparison reflects its role as a store of value. Just like gold, Bitcoin has a limited supply—there will only ever be 21 million bitcoins. This scarcity can drive demand, especially as more people and institutions start to see it as a hedge against inflation and economic uncertainty.

Another big reason people are bullish on Bitcoin is its widespread adoption. Over the years, more and more businesses, institutions, and even countries have started to accept Bitcoin. This growing acceptance increases its legitimacy and utility, making it more likely to be used in everyday transactions. Plus, major companies like Tesla, Square, and MicroStrategy have added Bitcoin to their balance sheets, signaling confidence in its long-term value.

Bitcoin has also built a massive user base, which creates a strong community and a network that grows stronger as more people join in. The more people that use Bitcoin, the more valuable it becomes.

The cryptocurrency has already proven it’s potential. However, many people believe that it is still undervalued. Is September 2024, CEO of BlackRock, Larry Fink, confirmed that Bitcoin has the potential to reach $100k. This would be very lucrative for long-term investors who buy while the price is low.

3. Solciety (SLCTY)

Solciety is here to unite degens under their disdain for the political status quo and their love of dank memes. It presents itself as the degen political party that prioritizes gains over defense spending.

Solciety has launched a quickfire 30-day presale, with price increases every 72 hours. SLCTY tokens launched at $0.0015 and will climb to $0.0040, offering investors 169% in token price appreciation. Powering Solciety’s rise into the upper echelons of political discourse in this year of worldwide election madness are three powerful forces.

The two niches Solciety currently straddles – PolitiFi and Solana meme coins – have been on fire lately. Supercharged by US election buzz, PolitiFi tokens have exploded from practically zero to over $1 billion in market cap in under 6 months, with tokens like MAGA and Super Trump pumping by as much as +7000% and +1200% in 2024 alone. With the US election drama getting madder by the day, the accompanying PR brings more and more attention to the blossoming PolitiFi space, in turn, pumping token prices. When the US goes to the polls in November, who knows how big PolitiFi’s market cap will be.

Meanwhile, Solana meme coins have been one of 2024’s biggest narratives and have been pumping at twice the pace of ERC-20 meme coins. Big names like Bonk, dogwifhat, and Myro have been offering gains of as much as +6,000%, +7,000%, and +20,000%, respectively, over the last 6 months or so. Solciety – as the name might suggest – is ready to harness this trend.

Supporting these trends is Solciety’s ingenious product – a parody meme creation tool. The Meme campaigner invites degens to create political parody memes and pump them out across degen chat rooms and the far corners of crypto Twitter for the chance to earn SLCTY in the process, thereby baking virality into the product.

4. Dogizen (DOGIZ)

Dogizen is the first cryptocurrency game to launch an ICO in Telegram. The game offers a vibrant, dog-themed social gaming experience that exists on the TON blockchain. The game has already amassed a thriving community of 1 million users and the ICO is selling fast which means that there isn’t long left to become an early investor.

The aim of the project is to make web3 accessible to everyone through a fun Telegram-based game. Players will be rewarded for completing simple tasks within the game and participating in the ecosystem.

But the scope of the project doesn’t stop there.

Dogizen brings to the table an open-source SDK. This means developers have all the tools they need to create exciting games and applications tailored for Telegram. It opens the door for innovation, giving developers the chance to do something new and better in the gaming space.

What’s more, players will soon have the chance to earn revenue through a unique user-first advertising platform. Instead of the typical intrusive ads, players can engage with brands in a meaningful way, turning gameplay into rewarding experiences.

In the long-term Dogizen plans to expand its offerings into a wider ecosystem in which the DOGIZ token will be the main currency. Investing during the ICO is the best way to get involved with the project while the price is low.

5. Bitcoin Dogs (0DOG)

Bitcoin Dogs marks a groundbreaking initiative as the world’s first BRC-20 presale, leveraging the robust Bitcoin blockchain. This novel approach not only offers investors a chance to be part of a pioneering movement in blockchain technology but also taps into the burgeoning market of crypto-gaming and NFTs.

By participating in the Bitcoin Dogs ecosystem, investors gain access to a unique blend of nostalgia, through Tamagochi-inspired gameplay, and modern blockchain functionality. This includes virtual dog training sessions, competitions, and social interactions, all within a crypto-centric environment.

The allure of Bitcoin Dogs extends beyond its innovative gameplay. It introduces a unique investment opportunity via its $0DOG utility token and an exclusive Bitcoin ordinals NFT collection, with rarity levels ranging from the extremely rare OG Dog to the Sausage $0DOGs. Such features not only enhance the gaming experience but also provide tangible value within the ecosystem, potentially leading to significant gains for early investors.

Bitcoin Dogs stands out not just for its novelty but for its potential to deliver substantial returns. The limited one-month presale period underscores the exclusivity of the BRC-20 tokens, suggesting a rare opportunity for 1000x gains. This, coupled with the project’s pioneering use of Bitcoin gaming and ordinals, positions Bitcoin Dogs as a unique investment opportunity within the crypto and NFT market spaces.

6. Memeinator (MMTR)

What is Memeinator?

Memeinator is a meme coin project that has been designed to usher in a new era for meme coins in Web3. Based on the popular Terminator movie, the Memeinator is focused on ridding the internet of weak, pitiful meme coins, hitting a $1 billion market cap, and dominating the meme coin market.

The MMTR token has raised $0.0125 so far during the opening stages of its presale. The token was created as a better alternative to existing meme coins, bringing more utility when compared to its older competitors.

The community can destroy overvalued meme coin mascots in the Memeinator’s upcoming game, Meme Warfare. The platform will use Memescanner, an AI-assisted web scraping tool, to feed the game meme coins that lack token utility. Meme Warfare will be an amusing pastime that can keep MMTR token holders engaged with the project’s long-term mission.

The Memeinator team is also investing heavily in digital marketing to ensure the new meme coin goes viral. One of the first initiatives is an actual trip to outer space through the project’s partnership with Virgin Galactic’s Spaceline. One lucky presale participant will be given the trip of a lifetime, being shot into the stratosphere on a real-life rocketship.

Why buy MMTR?

Memeinator, unlike most meme coins, brings real utility into its ecosystem. A blockchain game, NFT collection, and staking services deliver more value than other meme coins in Web3. The project’s ethos is on full display throughout its 29-stage presale event.

The MMTR token has sky-high long-term potential thanks to its in-built utility. The presale will only be available for a short period. This is the first chance to participate in a hot new crypto before it goes live on digital asset exchanges, which gives it the number one spot on the list of the best long-term crypto investments.

7. Bitbot (BITBOT)

What is Bitbot?

In today’s dynamic world of Telegram trading bots, the prevailing challenge is choosing between the sheer convenience of use or the ironclad security of assets. Bitbot emerges as a groundbreaking solution, seamlessly blending the best of both worlds to offer an unparalleled trading experience.

Armed with tools of institutional caliber, Bitbot empowers retail investors and traders to outmaneuver the institutional counterparts. The integration of cutting-edge proprietary AI completes this compelling package.

The landscape of trading bots often reveals a concerning practice where competitors maintain control over user assets and private keys. This approach not only strips users of their autonomy over their investments but also exposes them to heightened risks of cyber threats, as underscored by the recent security breach at Unibot.

Unlike these platforms, Bitbot champions user sovereignty and security through its innovative partnership with Knightsafe for wallet management. Utilizing open-source smart contract technology, Knightsafe elevates the security framework of Bitbot’s non-custodial solution to unparalleled heights, ensuring users’ assets are safeguarded with the most advanced measures available.

Why buy $BITBOT?

Investing in $BITBOT means securing a stake in a project that redefines the crypto trading experience. Its unique revenue-sharing model ensures that as Bitbot grows, so do the rewards for $BITBOT holders, aligning the platform’s success directly with your investment.

Exclusive access to pre-sales, perks, and airdrops offers unmatched opportunities to enhance your portfolio and enjoy the thrill of early adoption. Governance rights empower you with a voice in Bitbot’s strategic direction, making you an integral part of its evolution.

Moreover, being part of an elite community connects you with seasoned trading experts, fostering an environment of learning and shared success. The carefully planned tokenomics ensure a balanced distribution, promoting long-term sustainability and growth.

8. Chancer (CHANCER)

What is CHANCER?

Chancer is a new, blockchain-driven Web3 betting facilitator and the world’s first decentralized predictive market app. Combining the transformative potential of blockchain technology with a groundbreaking approach to online betting, Chancer aims to dramatically disrupt the betting industry, offering lucrative crypto investment prospects in the process. Uniquely, Chancer completely removes the need to make bets via a betting house or bookmakers; bets are made without a middleman. Bets can be made among friends, or viral bets can be placed for huge events such as the Superbowl or even a non-sport event such as the Oscars.

Chancer operates on the concept of decentralized predictive markets, where instead of being restricted by the offerings of conventional bookmakers, users can establish their own customized peer-to-peer (P2P) betting markets on a decentralized platform. This platform and all bets are powered by the CHANCER token, forming a unique combination of the burgeoning cryptocurrency space and the long established world of betting.

Why buy CHANCER?

The CHANCER token is the primary currency for transactions within the Chancer ecosystem. As a potential investor, one crucial aspect to consider is the potential for price appreciation in the value of these tokens. With Chancer’s aim to disrupt the colossal gambling and betting industry, worth approximately $63.53 billion, and the increasing adoption of cryptocurrencies, CHANCER tokens should present a substantial investment opportunity for those looking to lock in the highest profits.

Additionally, the innovative platform may draw in users who aren’t attracted to traditional online betting platforms, with the flexibility and fast pace of the Chancer platform likely to entice users to the market in addition to securing a market share of the traditional gambling world.

9. AltSignals (ASI)

AltSignals has been one of the most successful online trading communities in Web3 since it first launched back in 2017. The AltAlgo indicator has produced profitable trading signals with a 90% rate of accuracy on a consistent basis. This reliable data has helped minimize the learning curve for new traders and maximize investment returns for experts.

The new ASI token will power the platform’s expanded blockchain offering, which will include a new-and-improved trading toolkit that utilizes advanced artificial intelligence technologies. The suite of new tools being released by AltSignals is called ActualizeAI, which uses machine learning algorithms to analyze vast datasets almost instantaneously.

AltSignals can help anyone to make money while trading online, and the new ASI token is specially designed to provide increased benefits to blockchain investors. Holders can join ActualizeAI Club and test out new trading tools before they are officially released, as well as gain access to public and private sales of new cryptocurrencies – a great method for making a return on long term crypto investments.

Why buy ASI?

Like Metacade, AltSignals is a brand-new token at the forefront of a growing sector in Web3. AltSignals combines artificial intelligence with the blockchain to provide trading signals with an unprecedented level of accuracy, which is a hugely useful solution that can benefit an increasing number of people over time.

AltSignals is a well-established platform that already supports many users. The trading tools released by AltSignals have a proven track record, and the ASI token is now being released to further develop the platform.

AltSignals can be purchased during its presale for just $0.015 per token, which makes it a great long term crypto investment. Experts forecast impressive long term returns for ASI, and the presale could be the perfect opportunity to get involved.

10. Metacade (MCADE)

Metacade is the first community-driven blockchain arcade. The project combines a vast selection of play to earn games with a host of additional features, including several new ways to earn cryptocurrency rewards online.

The metaverse arcade combines both casual and competitive gameplay to deliver a comprehensive blockchain gaming experience. Users can join paid entry tournaments to compete for major MCADE token rewards, and also earn while progressing through endless levels in some of the hottest arcade games on the blockchain.

Metacade’s additional features include Work2Earn and Create2Earn. Work2Earn will connect blockchain users to paid job opportunities in Web3, which can help to expand the workforce and drive innovation for the wider GameFi movement.

Create2Earn rewards content creators for their community contributions, which incentivizes people to get involved in Metacade’s community-driven platform as it aims to become a hub for all GameFi enthusiasts to enjoy.

While most blockchain gaming platforms offer only one gaming experience to users, Metacade intends to offer a huge selection. Not only that, but Metacade also delivers vast earning potential to all blockchain users and it could become hugely popular over time.MCADE is one of the best cryptos to buy now for long term returns. Metacade’s token could help revolutionise the wider gaming industry thanks to its unique benefits, making it a valuable long term asset in anyone’s crypto wallet.

MCADE is one of the best cryptos to buy now for long term returns. Metacade’s token could help revolutionise the wider gaming industry thanks to its unique benefits, making it a valuable long term asset in anyone’s crypto wallet.

11. Solana (SOL)

Solana is a public blockchain designed to be a more scalable alternative to older blockchains that support smart contracts functionality. Solana’s architecture offers users trust and security on a global scale, and is able to handle up to 50,000 TPS – far more than other blockchain protocols.

Solana also has an innovative consensus protocol which provides guaranteed block production times, and an incredibly efficient data sharding framework which makes it one of the fastest networks available today. The protocol combines proof of stake with proof of history to deliver near-instant transactions at extremely low cost to the user.

Solana’s mission is to provide an operating system capable of unprecedented levels of throughput that can scale with demand, enabling developers to create faster applications. Solana’s combination of speed and scalability makes it an attractive platform for decentralized applications (dApps), which are built using Rust for increased versatility.

Why buy SOL?

Solana is one of the best long-term crypto investments for a number of reasons. The current price of Solana is around $20, which is significantly lower than its previous all-time high. This means that Solana could produce substantial returns as it aims to reclaim its previous high of $260 over time.

As well as this, Solana has opened a range of services with real world utility, including ‘Spaces’ where anyone can learn about Web3, earn crypto rewards, and experience events including non-fungible token (NFT) art shows. Solana is also releasing a blockchain-compatible mobile phone that will make it easy for anyone to use dApps on-the-go.

12. Optimism (OP)

Optimism (OP) is a layer-2 blockchain that enables trustless and near-instantaneous transactions while preserving the security of Ethereum (ETH) – Optimism’s layer-1 chain. Optimism provides higher scalability, more liquidity, and greater accessibility of crypto assets, which allows for an increased transaction throughput without harming the user experience for dApps.

This system is designed with an Optimistic Virtual Machine (OVM), Optimistic Account Abstraction Layer (OAAL), Optimized Rollups (ORs), Optimistic Outcomes, and Optimistic Protocols. These technologies combine to create an empowered decentralized finance system that eliminates bottlenecks such as long waiting times and high transaction fees and costs.

The native token for Optimism is OP. The network is helping to usher in a new era for blockchain technology, making a wide range of services accessible to users around the world. This is integral to the future of blockchain, as Optimism solves the scalability issues faced by many other cryptocurrencies including the second largest, Ethereum.

OP has the potential to be one of the top digital assets for Web3 investors. This is because it is a highly efficient scalability solution that does not sacrifice decentralization at all. This is unique, as the blockchain trilemma states that distributed computer networks typically need to sacrifice either security, scalability, or decentralization in order to operate.

Optimism is a highly advanced layer-2 scaling solution that has major potential for future returns, making it one of the best long term crypto investments in 2024. The current price of OP is under $3 after recently making a new all-time high. During the next crypto bull market, it is expected that OP enters price discovery, potentially breaching the top 20 tokens by market capitalization.

13. Dogechain (DC)

Dogechain is a Proof-of-Stake blockchain built on Polygon Edge, a framework and SDK for developers to build EVM-compatible sidechains. Dogechain allows developers to mint non fungible tokens, create custom utility, and host dApps that are compatible with DOGE. This was previously impossible on the original Dogecoin blockchain – one of the top cryptocurrencies in Web3.

Dogechain allows users to interact with the DOGE network and port over Dogecoin for these activities. This gives all DOGE holders greater access to the Web3 ecosystem, including a full suite of decentralized finance (DeFi) applications, crypto wallets and much more.

The network moves beyond simple transactions to grant Dogecoin holders access to smart contracts and programmable tokens. To maintain full sovereignty instead of relying on Polygon’s consensus mechanism for shared security, Dogechain uses IBFT, a proof-of-stake consensus mechanism which is both fast and scalable. As long as 2/3rds of nodes agree, the transaction will be executed.

Dogechain has vast potential for growth, making it one of the best long term crypto investments right now. It is a recent project that has a medium market capitalization, yet the value proposed by the project could be an important factor behind any future price increase.

DC – the native cryptocurrency for Dogechain – is currently valued at just $0.0015. With under 17 billion tokens currently in circulation, this gives DC massive room for growth. For anyone looking to find a new crypto project to buy into for the long term, Dogechain is a highly promising token that could be a great option.

14. Decentraland (MANA)

Decentraland (MANA) is a metaverse gaming world where you can purchase virtual plots of land and build custom features through the Decentraland platform. Decentraland combines elements of the user-generated content (UGC) gaming movement with decentralized blockchain technology, allowing users to register and trade their land on Decentraland’s virtual marketplace.

Decentraland uses MANA as its native token – an ERC20 token on the Ethereum blockchain – to facilitate transactions within Decentraland’s ecosystem. The Decentraland platform also allows users to create experiences, apps, and games which they can monetize using non-fungible token technology.

Decentraland was created to offer unprecedented levels of ownership and control over digital worlds. As well as this, users can participate in decentralized governance voting, earn a passive income through MANA staking, and earn cryptocurrency rewards in a range of applications built within the Decentraland metaverse.

Decentraland is an industry-leading metaverse gaming platform that allows anyone to buy and sell virtual plots of land. As the world becomes more and more digitized, metaverse landscapes could play an increasingly important role in people’s day-to-day lives, which is a key reason why many institutional investors have backed the platform.

Not only can users play games, but Decentraland also allows custom world-building and a wide variety of applications to be built. This means that Decentraland could be home to both work and leisure activities over time – a feature that underlies MANA’s immense projected value.

Currently, MANA is worth approximately $0.60, after recent price action brought the token down 90% from its all-time high. The current price level could be a prime entry point for savvy investors, as MANA could turn out to be one of the best long-term crypto investments around right now.

15. The Graph (GRT)

The Graph (GRT) provides a robust decentralized infrastructure for the entire blockchain space. The technology is designed to allow developers to easily access public data, index it and make it available for use on the Ethereum network.

The Graph makes data queries much faster and more accurate without sacrificing decentralization or security; it also gives developers decentralizing tools, so they can focus on their main dApp development and not worry about individual lookup tasks.

The network incentivizes staking GRT tokens to ensure data accuracy and availability, while stakers can also earn passive income. The enormous potential of The Graph’s platform has made it a favorite solution with many enterprises, institutions, and organizations in need of flexible, secure blockchain-ready data storage solutions.

As the leading API indexer for the second largest cryptocurrency, Ethereum, The Graph is extremely valuable for Web3. The platform is expected to continue to grow as it supports an increasing number of open source APIs, offering its support to any blockchain developer looking to find the best solutions for programming smart contracts and dApps.

The price of GRT is currently $0.15. After the bear market, the native token for The Graph could deliver substantial returns during the next crypto bull market, which makes the current entry price one of the best long term crypto investments in 2024.

16. Cardano (ADA)

Cardano (ADA) is a decentralized public blockchain and cryptocurrency project. Cardano is similar to other blockchains in that it provides users with secure, immutable transactions. However, Cardano also allows for extremely versatile and non-custodial smart contracts to automatically execute transactions, which allows for more development opportunities for smart contracts.

Cardano’s native token, ADA, can be used to transfer value across the network securely and quickly. Cardano was one of the original cryptocurrency protocols to use a proof-of-stake consensus algorithm, which rewards users who provide ADA tokens for the validation process.

All in all, Cardano presents an accessible yet highly robust distributed ledger technology platform that can support the development of decentralized apps. As one of the earliest proof of stake blockchains, Cardano became a top 10 crypto by market capitalization thanks to its innovative, scalable, and more energy efficient protocol.

Cardano is currently preparing to launch an upgrade to the blockchain called Hydra. Hydra will improve Cardano’s transaction throughput so that it can support up to 1 million transactions per second. This will make Cardano one of the best-performing blockchains in Web3.

ADA remains a top 10 cryptocurrency by market capitalization and one of the most recognizable names in the crypto space. The founding team includes one of the original Ethereum founders and many more experienced blockchain developers, which is a key reason why the network is expected to continue its rapid growth over the coming years.

At the current price of $0.35, ADA looks like a great long term crypto investment. While it is one of the most valuable projects by market capitalization on this list, Cardano is a strong bet on the future of blockchain technology as it is an industry-leading innovation.

18. Shiba Inu (SHIB)

Shiba Inu (SHIB) is a blockchain that was initially built as a fork of the Ethereum blockchain. It has quickly become one of the hottest digital tokens on the crypto market with its innovative decentralized finance platform and use as a store of value – something unique in the realm of meme coins.

Shiba Inu leverages liquidity protocols to provide a frictionless yield farming experience with secure pools like ShibaSwap. Since Shiba Inu is a fork of Ethereum, it is compatible with Ethereum Virtual Machine (EVM), which means that developers can program smart contracts and launch dApps on the network.

The project is continuing to expand its capabilities to ensure a secure and cohesive blockchain platform for all users. This includes a range of exciting new dApps, including Shibaverse – a decentralized metaverse world that can serve as a virtual meeting place for many blockchain platform users.

Shiba Inu is launching a layer-2 scaling solution called Shibarium, which will improve the blockchain’s scalability. This can help Shiba Inu to support an increasing number of users over time, which is important when considering its innate smart contract functionality and ability to host dApps.

Most meme coins lack utility, while Shiba Inu can offer its users games, financial services, and NFTs. This is a key reason why Shiba Inu has become one of the most valuable cryptocurrencies in Web3, as it is currently a top 20 token by market cap. For anyone seeking which crypto to buy today for long term growth, Shiba Inu’s innate meme coin utility makes it a great choice.

The current price of SHIB is $0.0000124. It may break out of key resistance levels in the coming months and years and go on to reclaim its previous all-time high of $0.00008, giving it massive return potential. As one of the best long term cryptos to buy now, SHIB represents a good diversification option for any investment portfolio.

How to choose the best long term crypto for your portfolio

Choosing the best long term investments in the crypto market can be difficult with so many great options in the world of Web3. For those who prefer investing in cryptocurrency instead of fiat currencies, it is widely thought that investors should always do their own research when deciding which crypto to buy for the long term. There are some important considerations to make in this process.

Token utility is integral to a cryptocurrency’s future value, as demand is a direct by-product. This can improve any cryptocurrency’s potential for usership, and impact the upper limits of a project’s market capitalization. As well as this, investors should consider which industry vertical a new crypto project inhabits within Web3 – whether gaming, finance, art, or more niche use cases too.

If a project occupies a fast-growing sector of blockchain technology, such as gaming, and also has a relatively low market capitalization, investors can be confident that long term returns will occur.

What is the best crypto to buy for a long term investment in 2024?

Investors looking for long-term opportunities in the crypto world should consider the unique proposition offered by Poodlana.

Its blend of meme culture, class, and investment potential makes it a standout project in 2024 and beyond, potentially heralding the start of a new bull run in the cryptocurrency sector, suggesting a rare opportunity for 1,000x gains this year.

Related crypto FAQs

Do you have to pay taxes on cryptocurrency?

Tax regulations for cryptocurrency depend on the jurisdiction in which the trader or investor lives. For example, Singapore and Dubai offer favorable tax laws and have been described as a Web3 tax haven; on the other hand, the United States places cryptocurrency earnings in the same tax bracket as other capital gains denominated in fiat currencies.

How does trading cryptocurrencies differ from trading stocks?

Cryptocurrencies are highly volatile compared to traditional stocks. This means that, while investors can often make major returns on their investment, there is a greater level of risk involved. Many investors have a lower risk tolerance, which could mean that traditional stocks and bonds are preferred.

Are there Cryptocurrency Exchange-Traded-Funds?

Yes, there are a range of cryptocurrency ETFs from major hedge funds around the world. They can be a great way for many investors to make stable returns on cryptocurrency investments over the long term.

Is Crypto still a good long term investment?

The number of people who own, or have owned, cryptocurrencies has increased by approximately 60,000% in the past 5 years. Blockchain technology continues to expand in terms of usership, use cases, and consumer awareness, which means that cryptocurrencies are likely to keep on growing over the coming years.

What will the crypto market be worth in 5 years?

The total cryptocurrency market capitalization could breach $10 trillion within the next 5 years.

Which crypto assets will boom in 2024?

Newer cryptocurrencies are highly volatile and are more likely to produce higher percentage gains in 2024; however, there is increased risk when investing in less established cryptocurrency projects. Solciety and Poodlana are examples of new projects that have vast potential for returns over the coming months and years.

Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.

Contributors

Samuel Odera
Samuel is a content writer with a laser focus on Web3 and iGaming. With years of freelancing experience, he is well-versed in the nuances of both industries. When he’s not writing, Sam loves to travel and discover new music.