Let's look at cryptocurrencies that can make you rich through short-term and long-term investment plans. You can earn money with them through trading and other means.
The cryptocurrency market may experience a significant rise in 2024. All experts agree that 2024 will be a special period and the cryptocurrency market will face a unique growth that is different from other halving events. The Bitcoin halving was completed in early April and all cryptocurrency traders are closely watching the price movement.
In such an attractive market, you must choose cryptocurrencies with great potential. We will present cryptocurrencies that will make you rich in both short-term and long-term investment plans. You must make the rest of your investment decisions by choosing coins wisely. Also, you can read our article on the 4 best cryptocurrencies to buy after halving to find more investment options.
Cryptocurrency will make you rich
The main focus of the current survey is to bring in the coins with the highest probability of rising in the short and long term. We explored the world of cryptocurrencies and handpicked the coins that can recover their value even if the market turns bearish. We will start with the king of cryptocurrencies, Bitcoin.
1. Bitcoin (BTC)
Bitcoin (BTC) is designed to operate as a currency and a means of payment that is not controlled by any individual, organization, or institution. This reduces the requirement for trusted third parties to participate in currency transactions. It is paid to blockchain miners who verify transactions and is available on numerous exchanges. Regarding the history of Bitcoin, it was created in 2008 by an anonymous person named Satoshi Nakamoto. Although no one knows his true identity, he is the largest Bitcoin holder with more than 1.1 million Bitcoins in his wallet. As of April 2024, the halving is the most watched event. Market participants are waiting for a massive bull run after this event. The halving was completed on April 20, and many experts believe that the Bitcoin price will reach $100,000 in 2024.
2. Ethereum (ETH)
Ethereum is the second name in the cryptocurrency that can make you rich. Blockchain applications, digital currencies, and international remittances are all powered by Ethereum technology. It is one of the best cryptocurrencies for newbies and almost everyone has heard of this currency, which is abbreviated as ETH. It is more than just a cryptocurrency. Ethereum is the second most popular cryptocurrency after Bitcoin due to its flexibility. Ethereum is a famous cryptocurrency that has a blockchain network. The Ethereum blockchain is different from other blockchains because it opens the door to create smart contracts. This is not the end because you can also find DeFi features in this blockchain. This is why almost all developers prefer to use ETH as their main platform.
3. Binance Coin (BNB)
Binance Coin (BNB) has become a big player in the crypto world of making you rich thanks to the success and network of the Binance exchange. The cryptocurrency issued by the Binance exchange is called Binance Coin and trades under the symbol BNB. While BNB is now the native currency of the Binance blockchain, Binance Chain, it was originally built on the Ethereum network.
Binance was launched in 2017 as a utility token designed to provide traders with cheaper transaction fees. However, its applications have expanded to include many cross-platform applications. It is used to offset transaction fees on the platform that Binance runs. It can also be used for payments, booking accommodation, purchasing entertainment, and paying for internet services.
4. Solana (SOL)
Solana has quickly become one of the cryptocurrencies that can make you rich in recent years due to its high throughput and low transaction rate. Solana's Bitcoin computing platform is designed to remain decentralized while achieving high transaction speeds. It uses a variety of cutting-edge strategies, including the "Proof of History" approach. Solana's native cryptocurrency SOL is used for staking and transaction fees. In addition, holders have the opportunity to vote on subsequent improvements.
5. Cardano (ADA)
Cardano's emphasis on sustainability, interoperability, and scalability has piqued the curiosity of investors seeking a viable alternative to Ethereum. Cardano is a decentralized Proof-of-Stake (PoS) blockchain that aims to surpass Proof-of-Work (PoW) blockchains in terms of efficiency. Cardano's PoS consensus method, like Ethereum's, uses money and rewards members for their efforts to review and improve the historical blockchain record. Cardano's mission is to become a decentralized application (dApp) platform governed by Steakers with a wide range of use cases. ADA will become a compelling choice among different cryptocurrencies to make you rich.
