Even for institutional investors, cryptocurrencies have become a significant asset class in recent years.
However, picking the right crypto assets to invest in may be difficult, particularly given the abundance of high-quality alternatives.
However, not every crypto asset that seems to be appealing is a viable choice for investment since some of them do not have what it takes to be operational over the long term.
Therefore, you need to be attentive while selecting your assets to prevent losses and regrets in the future.
Accordingly, the following are three of the most promising cryptocurrencies with growth potential, which suggest that they have long-term potential in the cryptocurrency market.
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Market cap: $165,857,973,365
Position by market cap: 2
Current price: $1,352.09
Total Supply: 122,667,475.50 ETH
All DApps and smart contracts are based on Ethereum ETH has made it a household name in the cryptocurrency community.
With its transition to the proof of stake consensus mechanism later in 2022, Ethereum, the second largest cryptocurrency by market capitalization behind Bitcoin, has a lot of potentials ahead of it (although it has been scheduled for years at this point).
Significant positive developments, such as faster Ethereum transactions, the introduction of Ethereum staking, and a drop in Ethereum’s notoriously high gas rates, are expected due to the merger.
The cryptocurrency community will likely increase its network utilization once the long-awaited switch to PoS on Ethereum is complete.
Also, see: 5 Methods for Managing Crypto Risks
Market cap: $47,300,074,371
Position by market cap: 4
Total Supply: 161,337,261.09 BNB
Binance Coin BNB is the parent coin of the most successful cryptocurrency exchange in the world, Binance.
That makes it a serious contender in the cryptocurrency market, but there’s more to it.
Binance is always adding new services to its ecosystem, and a market for NFTs is the most recent addition.
Over time, BNB will become the primary means of payment inside the ecosystem.
That’s the type of thing that makes crypto assets more valuable in the market.
Binance Coin (BNB) also functions as the Binance Smart Chain (BSC) platform token.
BSC is quickly becoming a viable competitor to Ethereum because of its faster transactions and lower prices.
The establishment of BSC is to thank for this. Each of them contributed to the token’s current worth, which may play a key role in boosting the token’s value in the future.
Also, see: Create Your Own Cryptocurrency
Market cap: $14,757,854,518
Position by market cap: 8
Current price: $0.4308
Total Supply: 34.26B ADA
Many cryptocurrency investors and traders are unfamiliar with Cardano ADA.
ADA is being developed by Charles Hoskinson, one of Ethereum’s co-founders.
It is a cryptocurrency with many unrealized potentials since it is designed for a decentralized future with features like smart contracts and non-fungible tokens.
The project has expanded to include features like Binance’s market for NFTs.
The Cardano Launchpad, where new cryptocurrency projects are launched, is another vital part of the Cardano platform.
While the ADA token’s value is now low, it might rise if new use cases are added, as it is unique to Cardano and enables all of these services.
With your knowledge, you can make an informed decision on which cryptocurrencies to invest in based on their future development potential and your preferences.
Also, see: Crypto Coins Vs. Tokens