Over the past few years, cryptocurrencies have built up a sizable community around them. There are currently more than 20,000 cryptocurrencies on the market. But only a small fraction of them will be successful in the long run. In this article, let’s list 9 altcoin projects from analyst Satavisa Pati’s list that will be one of them.
Top 9 altcoins for long-term investment
Ethereum
ETH, the second largest cryptocurrency, always finds its place on the long-term list. There are many reasons why the leading altcoin is attracting attention. One of the most important reasons for this is smart contracts, whose potential applications are automatically executed when conditions are met. As for the price, Ethereum gained strong momentum above the $1,600 level against the Dollar. Analyst Satavisa Pati thinks this move is enough for the $1,700 resistance.
dogecoin
Dogecoin price has achieved a strong recovery in recent market conditions. In addition, despite the heavy sales in recent months, it managed to stay among the first in terms of market value. When it comes to the long run, analysts think Dogecoin can be given a chance, although its fate is never clear.
shiba inu
The 24-hour process of Shiba Inu whales skyrocketed by 640%. Increased buying or selling activity among whales peaked at 61%. As seen in the last 24 hours, Shiba recorded large transactions rising 57.41% on active addresses. The SHIB value rose 3.06% as the Shiba Inu returned to the 0.00001 key support level.
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Tether
Tether is a Blockchain-based cryptocurrency backed by the US dollar. It can be defined as real dollar reserves to be used as collateral in financial institutions. Stablecoins have a 1:1 relationship to the USD when fully backed by the dollar. Those who want to invest in foreign exchange from the stock market instead of banks prefer USDT.
chainlink
Chainlink remains popular among Ethereum whales. In 2021, LINK became one of the most traded cryptocurrencies. Ethereum whales bought massive amounts of LINK in 2021. Thus, Chainlink has increased its popularity and dominance.
cardano
Cardano became one of the altcoins in high demand by crypto whales after its collapse with SundaeSwap. ADA investors are likely heading towards easier times as crypto rises to prominence. The network is now gearing up for a major upgrade named Vasil. The Vasil hard fork will make Alanzo’s smart contracting capabilities more efficient.
USD Coins
Just like USDT, USD Coin is a stablecoin that is fixed to 1 dollar. USDC is preferred during volatile times of major currencies such as Bitcoin and Ethereum. You can use USDC as a safe haven during market volatility.
polygon
Polygon recently introduced the Ethereum hard fork version. Thus, it becomes deflationary by burning cryptocurrencies. Its purpose is to avoid overloading the market with token circulation and eventually to improve the overall value of the token.
Avalanche
Finally, Avalanche is one of the few blockchains that can scale without sacrificing decentralization. The potential for interoperability with many altcoins is limitless. AVAX Blockchains change onsensus algorithms based on the use case, and the network has more validators than any other network.
