The cryptocurrency market has been quite explosive over the past few years. Several digital currencies are making headlines right now with their tremendous growth. If you are thinking of investing your money into assets, then $10,000 invested in these cryptocurrencies could make you a fortune over the next 10 years.
Let us see how these three cryptocurrencies can generate massive returns in the long run.
Key Points
- Bitcoin has successfully positioned itself as both a long-term and short-term investment asset.
- Ethereum, with its utility, is attracting the attention of several investors and institutions alike.
- With a focus on sustainability and scalability, Cardano tops the list of must-buy cryptocurrencies.
$10,000 Invested in These Cryptocurrencies Could Make You a Fortune Over the Next 10 Years
1. Bitcoin (BTC)
Bitcoin has gained global acceptability as an alternative asset, thanks to the increased interest from institutions and investors.
Bitcoin has seen a collective acceptance, especially over the past few years. The number of users that are adopting the Bitcoin wallet has been on a significant rise since 2019. Reports show that the number of investors who purchase Bitcoin through platforms like PayPal and Cash App has seen steady growth. Moreover, Cash App’s Bitcoin revenue had surged to a whopping $1.6 billion earlier this year.
Even though Bitcoin has taken a plunge in the May 19 crypto market crash, a $10,000 invested in this cryptocurrency could still make you a fortune over the next 10 years. The crypto bellwether Bitcoin has always managed to shoot up again for a bull run after every crash. As more institutional investors show interest in digital currency, buying Bitcoin now could make you rich in the future.
Thanks to the worldwide development of trading platforms, exchanges, and online brokerages, Bitcoin is one of the most liquid financial assets available today. You can seamlessly exchange Bitcoin for fiat currencies or commodities with highly affordable rates. This is why investors choose Bitcoin as their potential investment asset. Bitcoin’s high liquidity can be of great advantage for investors to gain quick profit. Further, because of its strong market demand, the asset is poised as a viable long-term investment too.
But why buy Bitcoin now? Because it has the potential for future growth as the asset has the support of international leaders and celebrities like Elon Musk, Jack Dorsey, and Richard Branson. Further several corporations and institutions are also adding the asset to their balance sheets, boosting Bitcoin’s growth. The crypto promises to be the digital currency of the future; therefore, it is undoubtedly a viable addition to your investment portfolio. The rapid pace of its adoption is an indicator that the popularity of Bitcoin isn't going down anytime soon.
Don't Miss: 15 Reasons Why You Should Invest in Bitcoin Today
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Ethereum (ETH)
With the launch of ETH 2.0, Ethereum price could rise tremendously by the end of 2021.
The overwhelming performance of Ethereum since the beginning of 2021 has attracted traditional and institutional investors alike. The price of Ethereum has risen more than 1000% over the past 12 months. Unlike Bitcoin, Ethereum is a software platform that runs on a blockchain. More than just a cryptocurrency, ETH is also a global computing network for decentralized apps. It is poised for long-term growth and which is why a $10,000 invested in this cryptocurrency could make you a fortune over the next 10 years.
Along with hosting Ether tokens, the Ethereum network is also the foundation for other applications like non-fungible tokens (NFT) and decentralized finance (DeFi). NFT will change the way digital items are bought and sold, while DeFi aims to revolutionize the banking sector. The increasing popularity of DeFi, dApps, and NFT is one significant reason to buy Ethereum now for future returns.
Moreover, the network is in the middle of a significant upgrade which aims to make it a more sustainable and energy-efficient cryptocurrency. The much-awaited Ethereum 2.0 will undoubtedly boost the growth of Ethereum by advancing the network, changing the way transactions are verified, and reducing gas fees. The upgrade also aims to increase the network’s scalability and security, which is why experts endorse an Ethereum investment for massive returns in the long run.
The network will shift from Bitcoin’s Proof-of-Work (PoW) consensus method to Proof-of-Stake (PoS) algorithm for verifying blocks and mining. This transition will further make Ethereum more energy-efficient, secure and makes the network faster. This will eventually boost Ethereum’s mainstream adoption, making it more attractive as an investable digital asset. Crypto enthusiasts expect the asset price to rebound and advance to record highs after the upgrade. Therefore buying Ether now helps you double your investment in the future.
With the launch of ETH 2.0, the blockchain will also become more scalable and host even more applications. This would give the asset even more utility, and the price of ETH would significantly rise higher.
Sales manager at the cryptocurrency exchange Equos, Justin d'Anethan, said that changes to the Ethereum network should "not only make the blockchain more eco-friendly" by making transactions more efficient, "but should also make it more scalable."
As an initial step to the upgrade, the Berlin hard fork was activated on block 12.244.000 on 15 April 2021, after which Ethereum had significant growth and reached its all-time high of $4,362.35 in May. The upgrade included optimizing contracts to address the transactional efficiencies that led to the sharp rise of transaction fees, updates to the Ethereum Virtual Machine (EVM) and how it reads codes, and several changes to prevent distributed-denial-of-service (DDOS) attacks.
Check Out: Why This Is the Best Time to Buy Ethereum (ETH)
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Cardano (ADA)
Cardano, the green coin, has seen significant traction from investors and institutions alike in 2021.
Cardano is a third-generation cryptocurrency that aims to tackle some of the most prevalent issues that affect large-scale blockchain adoption, like scalability and sustainability. Unlike other cryptocurrencies, Cardano was developed using peer-reviewed scientific research. This approach makes sure that any changes made in the network are helpful and scalable.
With concerns regarding the sustainable nature of cryptocurrencies, investors are starting to invest in environmentally friendly coins. This gives Cardano an added advantage, and investors can rest assured that a $10,000 invested in ADA could make you a fortune over the next decade. Moreover, Cardano was one of the first blockchain platforms to introduce the concept of Proof-of-Stake.
Cardano is known for its two-layered architecture. The blockchain comprises two elements: CSL or Cardano Settlement Layer (CSL) that executes crypto transactions, and CCL or Cardano Computational Layer, which allows developers to enter and maintain applications. Cardano is one of the best cryptocurrencies because this two-layered network reduces slow transactions, network congestion, and higher fees.
Further, thanks to its Ouroboros PoS mechanism, the asset is highly scalable and can process up to 1000 transactions per second (TPS). The blazing speed also means that the network, in the future, might be capable of handling up to a million transactions per second. Therefore, if you want to generate massive returns from your investment, then the smartest decision could be to buy Cardano now.
Additionally, Cardano employs a unique time slot, known as an epoch. Epochs are a different part of the Ouroboros Praos Census Algorithm, and it helps to enhance the wallet's performance. Furthermore, users can easily reduce the number of files and hard drive space by storing the blockchain in Epoch files.
However, Cardano will likely rise in price as developers are also executing smart contract platforms that enable them to create full enterprise-level decentralized apps. The team also plans to deploy a governance system known as the Project Catalyst to manage and develop their future projects seamlessly. Regardless of this, Cardano already has three products ready and deployed for commercial use. They are Atala PRISM, Atala SCAN, and Atala Trace. These tools are specifically used for identity management and supply chain tracking.
Further, if the network works more towards sustainability, it might attract environmentally-conscious investors, and Cardano would likely generate massive returns in the coming decades.
Read Also: Will Cardano Make Me Rich in 10 Years?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Being a successful investor means choosing your options wisely. Therefore buying a crypto that can sustain profits for the next decade is a clever investment strategy. $10,000 invested in these cryptocurrencies could make you a fortune over the next 10 years. However, like any other investment, cryptocurrencies also come with risks and potential rewards.
It is always essential to understand your risk potential and choose the assets that suit your budget. Therefore, if you have a substantial investment strategy, these three cryptocurrencies likely have the potential to make you rich over the long run.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.