Recently I wrote an article in which we discussed about potential projects to hold for longterm hold.

Cryptocurrency market is highly volatile but this volatility won’t remain same forever.

The main reason for this volatility is that market is new born baby compared to other 11Industries.

The global adoption is around 5% which brings huge potential to grow for early investors.

Smart investors use this volatile nature to get maximum benefits by shorting/ longing their trades.

But if you don’t know how to trade In future or margin still you can make good returns by trading in spot.

Spot is the simplest trading option in which you simply buy low and sell high.

You wait for the dip, you buy and when it hits your desired price, you sell it to take your profit.

In this article i am sharing few good quality longterm projects to hold in spot to make good fortune.

When to Buy?

Well this is the right time to get in. If you see any dip, just go and buy.

The reason is that, BlackRock, Fidelity Investments, investo etc are the biggest assets manager firms in the world with assets under management in $Trillions have already applied for bitcoin etf. Which will enable them to offer bitcoin and other crypto to offer their investors.

Secondly Yesterday, The chair of FED 🇺🇸 Powell stated the possibility of bitcoin and other cryptos as an asset which is clear hint that they are going to support crypto soon.

These are amazing and unexpected developments in cryptocurrencies world which brought bullish sentiments.

So you don’t have much time to analyze. Just study and get in.

Crypto Projects to HOLD for 1000X in upcoming BullRun.

IMMUTABLEX IMX

ImmutableX is one of the global leaders in bringing digital ownership to every single player in order to build amazing and secure games in web3.0.

They are working hard to build great eco system with industry giants collaborations, their platform is one of the top rated in market.

Current Supply is 1.04 Billion IMX

MarketCap $769.13 Billion

Expected prices. With current price of $.073 IMX can hit easily above $10+.

TEZOS XTZ

Tezos is another good long term investment, you can read its background on official website.

With circulating supply of 935Million XTZ and current Market Cap of $741 Million, currently sitting on price $0.79.

I am expecting XTZ to hit somewhere $8 to $10+ which is good expectation with such supply.

FLOW FLOW

FLOW is another great project which is building and growing massively.

With MarketCap of $559Million and circulating supply of roughly 1Billion FLOW, current price is $0.53.

This project has hell of a potential to touch somewhere $20-$40

TRUST WALLET TWT

TRUST WALLET don’t need any introduction as it is one of the best crypto wallet in the world.

TWT has $379 Million with circulation supply around 416Million TWT, current price of $0.90

Such Project can easily hit somewhere $20-$50+ in upcoming BullRun

NEXO NEXO

Nexo is another well recognized and great project in market,

Currently sitting on market Cap of $354Million

and price of $0.63 and supply in circulation of 560Million NEXO.

I am expecting it to hit $20 to $30 in coming BullRun.

Market Overview

As of today we are seeing Bitcoin stability around $30,000+- which is a bullish sign to move upward movement towards $32,000 +

We are seeing so much speculation and uncertainty since Whales are trying to manipulate the market.

BNB is suffering huge price effect from FUD against it and organization. But this won’t last much and we will see BNB movement towards $300+

BCH is getting maximum benefit from BTC adoption and moving towards high volume and value, i am expecting it to touch somewhere $250- $300 soon,

Where the rest of market is moving with Bitcoin,

Solana, ETH, Matic, LTC, and other altcoins are going with average pace.

Conclusion

After the positive news from SEC, IMF over cryptocurrency regulation we have seen adoption from investment giants like BlackRock, Fidelity Investments, investo, A French Investment bank and many more, it is sure that #crypto is going to be $100 Trillion MarketCap industry in future, and we will soon see adoption from many countries.

Being an individual investor, if someone wants to change their life in crypto, they need to get in and start learning crypto and start adapting it,

Definition of cryptocurrency

Cryptocurrency, also known as cryptocurrency or cryptocurrency, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies do not have a central issuing authority or regulator, instead relying on a decentralized system to record transactions and issue new units.

What is Cryptocurrency ,How it works

Cryptocurrencies are digital payment systems that do not rely on banks to validate transactions. It's a peer-to-peer system that allows anyone, anywhere to send and receive payments. A cryptocurrency payment is simply a digital entry in an online database that describes a particular transaction, rather than physical money that is carried around and exchanged in the real world. When you transfer cryptocurrency funds, the transaction is recorded on a public ledger. Cryptocurrencies are stored in digital wallets. Cryptocurrencies got their name from the use of cryptography to validate transactions. This means advanced coding is required when storing cryptocurrency data between wallets or transferring it to public ledgers. The purpose of cryptography is to provide security and protection. The first cryptocurrency was Bitcoin, created in 2009 and still best known to this day. Much of the interest in cryptocurrencies is for-profit trading, and speculators can drive prices up.

How do cryptocurrencies work?

Cryptocurrencies run on a distributed public ledger called a blockchain. Blockchain is a record of all transactions updated and stored by currency holders. Units of cryptocurrency are created through a process called mining that uses computer power to solve complex mathematical problems to generate coins. Users can also buy currencies from brokers and store and use them in cryptocurrency wallets. When you own cryptocurrency, you own nothing tangible. You own the key that allows you to transfer records and units of measurement from one person to another without a trusted third party. Although Bitcoin has been around since 2009, the application of cryptocurrency and blockchain technology is still in its early stages in terms of finance, and many more uses are expected in the future. Trading such as bonds, stocks, and other financial assets may eventually be traded using this technology.

Examples of Cryptocurrencies

Thousands of cryptocurrencies exist. Some of the most well-known are:

Bitcoin

Bitcoin, founded in 2009, was the first cryptocurrency and is still the most traded. This currency was developed by Satoshi Nakamoto. It is widely believed that the exact identity is a pseudonym for an unknown individual or group

Altcoins

Cryptocurrencies other than Bitcoin are collectively called "altcoins" to distinguish them from the originals.

Examples of an altcoins :

Ethereum ETH

Developed in 2015, Ethereum is a blockchain platform with its own cryptocurrency called Ether (ETH) or Ethereum. It is the most popular cryptocurrency after Bitcoin.

Litecoin LTC

This currency is most similar to Bitcoin, but has been more rapidly innovating, including processes that allow for faster payments and more transactions

Ripple XRP

Ripple is a distributed ledger system founded in 2012. Ripple can be used to track many types of transactions, not just cryptocurrencies. The company has worked with various banks and financial institutions.

Binance Coin BNB

Binance Coin (BNB) on the Binance Exchange is one such crypto exchange asset launched in 2017, and since then, construction and donations to the Binance exchange have continued to grow.

Cryptocurrency scams and cryptocurrency scams

Unfortunately, cryptocurrency crime is on the rise. Cryptocurrency scams include:

Fake Websites: Fake websites with bogus testimonials and crypto terms promise huge profits guaranteed if you keep investing. Virtual Ponzi schemes: Crypto criminals promote non-existent opportunities to invest in digital currencies, creating the illusion that new investors can repay old investors with their money and make huge profits. One of his fraudulent businesses, the BitClub Network, raised more than $700 million before the perpetrators were indicted in December 2019. “Celebrity” Recommendations: Scammers pretend to be millionaires and celebrities online, promising to double your cryptocurrency investment, but instead steal what you send. They may also use messaging apps and chat rooms to spread rumors that well-known businessmen endorse certain cryptocurrencies. By inflating prices by encouraging investors to buy, the scammers sell the shares and the currency depreciates.

This was the basic introduction to #crypto , how it works and possible scams.

In next article we will discuss about how crypto can change our lives and monetary implications.

Stay tuned.

#crypto2023 #Binance