Unless you’ve been living under a rock, you know that cryptocurrencies have made several people rich in the last ten years.
Recent data shows that there are currently more than 100,000 Bitcoin millionaires. The figure does not include people who have sold their BTCs and invested in other digital assets, financial markets, or fiat financial systems.
Of course, Bitcoin is not the only cryptocurrency out there, of course. There are hundreds of valuable digital coins out there. This makes it pretty difficult for beginners to decide on the coin to buy and hold. Even experienced crypto traders find it challenging to decide on the coins to buy and hold for several years.
Are you hoping to buy Cryptocurrencies that can make you rich in the next ten years? Then you’ve come to the right place. We will discuss some of the coins with real potentials that are most likely to rise in value in the coming years. We will make the guide as simple as possible for everyone to understand, regardless of experience level.
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15 Cryptocurrencies Could Make You Rich in 10 Years
- Bitcoin Cash
- Binance Coin
Are you specifically looking for digital coins you can buy now with the hope of getting gigantic returns from them in the next ten years? Here are some of the most viable cryptocurrencies that could make you rich:
1. Bitcoin (BTC)
As you probably know already, Bitcoin is considered to be the most well-known and acceptable cryptocurrency in the world. It is the first digital coin and heralded wide interest in blockchain technology.
Over the years, Bitcoin has solidified its position as the most valuable digital asset. Currently worth over $40,000, it also has the benefit of the largest market cap in cryptocurrencies. Bitcoin is one of the most traded digital assets and is acceptable for real-life transactions in many countries.
Bitcoin has come a long way from $0.0008 to more than $44,000. Despite the uncountable number of competitors, Bitcoin seems much secure and still has plenty of room for growth.
2. Dogecoin (DOGE)
Recently, a lot has been said about Dogecoin that a newbie in the industry will assume it is the next big thing after Bitcoin. The truth, however, is that Dogecoin has some potential and can shake up the crypto ecosystem in the next few years. In ten years, well, anything can happen.
Dogecoin was originally launched as a satirical alternative to Bitcoin. Though it recently gained popularity, the coin has been around since 2013 but remained underwhelming till the beginning of 2021. Elon Musk clearly helped to improve the popularity of the coin, but market factors will ultimately determine what will become of it in ten years’ time.
3. Ethereum (ETH)
Ethereum is another digital currency that has earned its place in the financial sector. It also has the potentials to change so many things about the way we handle money and transact.
Created in 2016, Ethereum has grown to become the second-biggest digital asset in terms of market capitalization.
Ethereum has so many wonderful things going for it, but the factor that makes it so impressive is the fact that it is the native currency for Decentralized Finance. It is actually the platform that introduced smart contracts into the cryptocurrency industry, so you can expect a lot from it in the next ten years.
4. Ripple (XRP)
Ripple's selling point is that it different from other cryptocurrencies in many ways. Developed by Ripple Labs, the Ripple token (XRP) solved the problem of delayed money transfer for users. The cryptocurrency offers the most reliable high-speed and low-cost money transfers around the world.
Ripple tokens do not trade solely on hopes and dreams. It is currently used in real-world transactions, and there are good chances that it will be adopted within the financial market community in the near future. Already, the Ripple lab has announced some partnerships with leading money transfer services.
As we pointed out earlier, "smart contracts" are one of the factors that made Ethereum popular. EOS is another digital asset in that category. This digital asset is different from Ethereum in many ways, however.
EOS is widely recognized as the first blockchain operating system, offering decentralized applications that live on the blockchain and parallel processing. It has an impressive technology that enables faster transaction speed and parallel processing. Another wonderful thing is that transaction on the network is free, which partly explains why it is one of the most actively traded cryptocurrencies.
6. Bitcoin Cash (BCH)
Bitcoin cash may sound like an imitation of the grandfathers of cryptocurrency, but that reputation has mostly worked in its favour. It is actually the fork of the original Bitcoin project but has succeeded against the odds to become the fourth-largest cryptocurrency by market capitalization.
Bitcoin Cash was developed as an alternative to the original Bitcoin and actually addressed some of its shortcomings. For instance, it offers faster transaction time and better scalability. Though it is unlikely to become as popular as Bitcoin, it still has a lot of potentials. The market following is even insane at the moment.
7. Chainlink (LINK)
Chainlink is one of the testimonials of the Ethereum wonder. It is actually an Ethereum token that powers the Chainlink decentralized oracle network. Launched in 2014, Chainlink has grown into a very important digital asset.
One of the biggest wins of Chainlink came in 2019 when it secured a strategic partnership with Google. The major benefit of the partnership is that it has secured Chainlink’s protocol within the Google smart contract strategy. Like many other DeFI tokens, the coin truly has big potentials.
8. Litecoin (LTC)
Litecoin is sometimes referred to as the “silver to Bitcoin’s gold”. Launched in 2011, it is one of the oldest cryptocurrencies. It did not only manage to stay relevant in the cryptocurrency universe but has made an impact in the financial sector too. It offers faster transaction speed and enhanced scalability.
Litecoin had a market capitalization of $10.1 billion in January 2021, making it the sixth-largest digital currency in the world.
9. Cardano (ADA)
Cardano is regarded as one of the most secured altcoins out there. Developed with a researched-based approach by engineers, mathematicians, and cryptography experts, the project offers a public blockchain platform for smart contracts and dApps. The platform provides unparalleled security and sustainability to DApps, and the coin is often touted to be better than Ethereum.
The comparison of Cardano to Ethereum is understandable when you consider the fact that one of the founders played an important role in the Ethereum project but left after some disagreement. Cardona may not be as popular as Ethereum, but it is a valuable digital currency with real potentials. It is the undisputed king when it comes to the special “proof-of-stake” consensus model.
10. Polkadot (DOT)
Polkadot is another unique “proof-of-stake cryptocurrency that has real potentials in the cryptocurrency universe. The original goal of the project was to deliver interoperability between other blockchains. Its protocol was designed to allow blockchains and oracles to work under one roof, regardless of whether they are permissioned or not.
Polkadot was also created to offer something better than what Ethereum offers, but that is not why you should invest in it. The comparison is also because it was developed by another member of the core founders of Ethereum. Regardless of its history, the coin has huge potentials.
11. Stellar (XLM)
Primarily, Stellar was designed as an open blockchain network that will provide enterprise solutions by connecting financial institutions for the purpose of large transactions. Judging by this initial goal, you can tell that the coin has some potentials. It allows for cross-border transactions between currencies, and as an open blockchain network, it can be used by virtually anyone.
Stellar was developed by one of the core figures in Ripple Labs. Considering the performance of Stellar so far, we can assume that it will grow bigger in the coming years. The native currency of the system, Lumens (XLM), and had a market capitalization of over $15 billion in May 2021.
12. Binance Coin (BNB)
The Binance platform is ranked as the biggest exchanges in the cryptocurrency universe. It is available in more than 180 countries in the world and is seen by many as the most secured place for crypto exchange. Binance has a coin that serves as the utility currency for fees and other transactions.
The Binance Coin is an incredible coin for many reasons. It is widely used by people who trade on the platform and is highly trusted. All things being equal, the Binance Coin will continue to grow as the cryptocurrency universe continues to grow too.
Monero is the digital currency you can count on if you want to invest and make your profit anonymously. This does not imply that you can only make profits when you invest in the coin, but you can be sure that your transactions and digital assets are untraceable, secure, and private.
Monera was launched in 2014, so we can say that it has been around for a long while.
14. Cosmos (ATOM)
Cosmos is not your average cryptocurrency. There is an unverified claim that it is the most powerful ecosystem of connected blockchains in the world. The multiple blockchains the system runs on combine their power to boost transaction speed and enhance scalability.
There are claims that the goal of Cosmos was to create an "internet of blockchains." To be fair, the developers of the system have been doing some incredible jobs, and what and the native currency of the network (ATOM) is valuable with a market cap of $4.5 billion. The coin has the potentials of growing in value and improving your investment portfolio.
15. Tether (USDT)
If you’ve heard of stablecoins, then you must know a thing or two about Tether. It is one of the first and most popular digital currencies in that category of coins that aim to peg their market value to a fiat currency or other external reference point. Tied to the US Dollar, the tether coin was launched in 2014 and started trading in 2015.
As we continue to hope that cryptocurrencies will become more acceptable in real-life transactions, we can't help but imagine what that could mean for Tether. At the moment, the coin is doing pretty well with a market capitalization of more than $24 billion.
Can Cryptocurrency Make You Rich?
One of the first important questions to answer before buying a Cryptocurrency for the sake of becoming rich in the future is whether cryptocurrency can actually make you rich.
Though we’ve hinted at it in the introductory paragraphs above, it is important to stress here that cryptocurrencies have the potentials to make you rich and even wealthy. Investing in cryptocurrencies has already made several people rich. Once you understand the rules and play the game with patience, several cryptocurrencies can make you rich a decade from now.
One of the simplest ways to illustrate the potentials of cryptocurrencies is to look at the price history of the most successful digital coin. Bitcoin (considered by many to be the original cryptocurrency) was launched in 2009 and was valued at $0.0008. The very first price increase occurred in 2010 when the value of a single Bitcoin jumped from $0.0008 to $0.08. Fast forward to 2021 - Bitcoin has reached an all-time high of more than $63,000 per BTC. Do the math!
Though Bitcoin is volatile, the value continues to astound both detractors and proponents of cryptocurrencies and blockchain technology.
Most other digital currencies behave like Bitcoin. The market is considered volatile, but most successful coins continue to increase in value. Investing in the market for the long run can actually make you rich, but you need to know the right coins to buy.
How Can You Identify a Cryptocurrency with Potentials
From what we've discussed so far, it is apparent that making it big in long-term cryptocurrency investment is all about identifying cryptocurrencies with potentials, buying them, and being patient with them for years. This doesn't mean regular trading of digital assets is bad – it is just the simple path to building wealth in the crypto universe.
As cool as it may sound, identifying cryptocurrencies with potentials is never an easy task. There are several things to consider. With more than 4,000 cryptocurrencies in existence as of January 2021, how can you choose one or two for long-term investment? Considering the unpredictable nature of the crypto market, making a choice can really cause you headaches.
Features of the Best Cryptocurrencies
You can't identify a good Cryptocurrency by simply looking up its value. There are several factors that determine the viability of a digital asset and its potentials. Some of the most important qualities you should look out for in a cryptocurrency you want to hold for the long term include the following:
1. Adoption Rate
Adoption rate refers to the use of a digital currency in real-world transactions. While every digital currency has some value attached to it, some are not really useful outside the Cryptocurrency universe. This simply means you can't use them for normal transactions.
Cryptocurrencies with high adoption rates are considered safer than those that are barely used for real-world transactions. The market is highly speculative, so beginners and investors who want to play safe often go for digital coins that can be used for normal transactions.
2. Market Capitalization
Market capitalization is one the best ways to determine the true value of a digital asset. In many ways, the market cap of an asset goes hand in hand with liquidity. When a digital currency has gotten a reasonable share of the market, it will have a positive effect on the value. Market capitalization also improves the chances of exiting the market profitably.
3. Promising New Technology
Some digital assets have innovative technologies built into them. Ethereum, for instance, is considered to be very valuable because of its position as the native currency of Decentralized Finance (DeFi), which is fast evolving into a smart industry of its own in the crypto universe. Ripple is another crypto asset that has benefited because of an interesting technology that sets it aside from others. Besides the hypes, these currencies have the potentials to bring bigger changes.
If you are planning to invest in digital currencies for the long run, the security of the coin or platform you want to invest in should be one of your priorities. You should take your time to consider the security features of the asset and platform. Technology like smart contracts, which is the backbone of DeFi, makes transactions more secure.
5. Anonymity Features
Due to the volatile nature of cryptocurrencies and unfavourable policies in many countries, some investors prefer anonymous trading. If you want to be coy about your long-term cryptocurrency investment, then you will need to focus your portfolio on coins with exceptional anonymity features, like Monero.
6. Industry Utility
Industry utility refers to how useful a crypto asset is in the industry. While some digital currencies are only used for exchange, some serve other purposes in the cryptocurrency universe and beyond. Ripples, for instance, was recognized as an incredible tool to transfer money around the world in a fast, secure, and affordable manner. This alone created a price appreciation of 36,000% for Ripples in 2017.
Though they have changed so many things about how people think about money, cryptocurrencies are still in their formative years. They’ve made several millionaires around the world, and they have the potentials to make many more people wealthy in years to come.
Choosing a coin for long-term investment can be a very tough decision. To help you make an informed decision, we have briefly fifteen of the most viable coins with the potentials to make you rich in ten years.
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Virtual currencies are highly volatile. Your capital is at risk.