Crypto Titans to Hold for a Decade: Bitcoin, Ethereum, and Binance

If you’re optimistic about crypto following Bitcoin’s (BTC-USD) recent surge in popularity, you might be wondering which cryptocurrencies are the best to buy now for potential long-term gains. Which projects might see widespread adoption in the next decade, leading to substantial returns?

Investing in crypto is quite different from investing in stocks. The first American stock exchange began in 1792, while Bitcoin became publicly available only in 2009. Therefore, the concept of cryptocurrency investment remains unclear to many people. Are you investing in Bitcoin because you believe it will become future legal tender, or are you simply looking to grow your money?

Regardless of your motivation, the best cryptos to buy and hold for the next decade are the most legitimate ones—those that have already shown signs of adoption and integration into financial systems.

Bitcoin (BTC-USD)

Bitcoin is the most likely cryptocurrency to endure into the future. It has been around the longest, essentially started the industry, boasts the highest trading volume and market cap, and is the most widely accepted as tender globally. Some governments, like El Salvador, have even experimented with integrating it into their currency systems. Additionally, Bitcoin’s success has inspired an entire industry of Bitcoin mining companies, which operate computer farms to decrypt algorithms and further the coin’s circulation.

Investing in Bitcoin is different from investing in stocks. It’s not about a company’s future value but rather the adoption of a highly technical technology. Timing the market with Bitcoin is unlikely to be successful. Instead, view the money invested as a long-term gamble and aim to buy when Bitcoin’s price is well below its all-time high—not like right now.

Ethereum (ETH-USD)

If Bitcoin seems too expensive, Ethereum (ETH-USD) is a more moderately priced investment option. Dubbed the “world’s largest altcoin,” Ethereum aims to offer a more ecosystem-based alternative to Bitcoin.

Long-term investors in ETH believe in the prospects of blockchain technology. ETH’s value proposition is not as an alternative to fiat currency but as an open-source blockchain. Developers seeking to advance blockchain technology earn ETH coins, which can increase in value over time.

ETH is also a major player in decentralized finance, aiming to bypass traditional banking and facilitate large-scale transactions directly between individuals via a blockchain. If you’re bullish on blockchains and decentralized finance, ETH could be a solid investment to hold for the next decade.

Binance (BNB-USD)

Binance (BNB-USD) is tied directly to the performance of the largest cryptocurrency exchange in the world. Investing in Binance for the next decade means believing in its value as an intermediary currency and having confidence in the longevity of the Binance exchange.

As the Binance exchange grows in popularity, the use and trading frequency of BNB could increase, boosting its value and purchasing power. For investors, this means either using BNB to store valuable cash or trading it efficiently for other cryptos on the Binance platform.

Ultimately, BNB’s high market cap is due to the general popularity and trust Binance has earned within the crypto community.

These three cryptocurrencies—Bitcoin, Ethereum, and Binance—represent some of the best long-term investment options in the crypto space, with the potential for significant growth over the next decade.

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Ethereum: Long-Term Holders Shape Its Future

In the volatile world of cryptocurrency, investor confidence is often gauged by the willingness to hold assets through market fluctuations. Recently, Ethereum has seen a strong vote of confidence from its community, marked by a record number of long-term holders. These HODLers are crucial to Ethereum’s future.

Long-Term Holders on the Rise

According to Glassnode data, a significant portion of Ethereum is held for periods ranging from one to three years. This indicates that much of the Ethereum acquired during the 2021-2022 period is still being held. This trend is further supported by the decrease in the proportion of crypto held for less than six months, while the share held for more than seven years has increased. This reflects the stability and faith in Ethereum’s fundamental value and its potential for future growth.

The Ethereum HODL Waves chart illustrates the distribution of Ethereum held over various periods, revealing changing trends in investor behavior. The recent surge in long-term holders suggests strong conviction in Ethereum’s long-term value, with many investors choosing to hold their assets rather than sell during market fluctuations.

The Influence of Long-Term Holders

Long-term Ethereum holders play a crucial role in stabilizing and growing the cryptocurrency. By holding their assets, they reduce volatility and create a sense of confidence that attracts new investors. Their long-term vision also encourages the development of innovative projects on the Ethereum blockchain, fostering a richer and more diverse ecosystem.

This HODLing strategy can positively influence Ethereum’s future, positioning it as a leading digital currency with increased global adoption and usage. However, it is important to note that cryptocurrencies remain high-risk investments, and market conditions can change rapidly.

The behavior of long-term Ethereum holders indicates a strong belief in the crypto’s potential. Their strategy suggests Ethereum is maturing as an investment asset, with promising prospects for future growth.

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ConsenSys Announces SEC Closure of Ethereum 2.0 Inquiry

The U.S. Securities and Exchange Commission has concluded its investigation into Ethereum 2.0, according to a late Tuesday announcement by cryptocurrency firm ConsenSys on social media platform X. ConsenSys had previously filed a lawsuit seeking an injunction against the SEC’s regulation of the Ethereum blockchain.

ConsenSys founder Joseph Lubin hailed the SEC’s decision as “a significant victory” for Ethereum. “While we welcome this development, it’s not enough. We must remain vigilant and continue advocating for clear and fair regulations that enable innovation to flourish,” Lubin, who also co-founded the cryptocurrency Ether, stated on X.

Despite the SEC’s decision, ConsenSys plans to continue its lawsuit to seek a court ruling that the SEC lacks legal authority to regulate the user-controlled software interfaces built on Ethereum or the Ethereum blockchain itself.

An SEC spokesperson declined to comment on the existence or nonexistence of a possible investigation.

Last month, the SEC approved applications from Nasdaq, CBOE, and NYSE to list spot Ether ETFs, a surprising win for the cryptocurrency industry, which had anticipated rejections.

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Marathon’s Anduro Integrates Portal for Bitcoin Atomic Swaps

Marathon Digital Holdings (NASDAQ:MARA) has integrated its multi-chain layer-2 network, Anduro, with the decentralized exchange network Portal to Bitcoin. This integration aims to enhance the utility of the Bitcoin network by enabling atomic swaps, which allow for peer-to-peer transactions of cryptocurrencies across different blockchains.

Marathon, a publicly-traded bitcoin miner, began incubating Anduro in February, describing it as “a platform built on the Bitcoin network that allows for the creation of multiple sidechains.” The integration with the San Francisco-based fintech provider and subsequent renaming to Portal to Bitcoin was announced in an email shared with CoinDesk on Wednesday.

Previously known as Portal, the company raised $34 million in a seed round in March. It leverages the Bitcoin layer-2 network Lightning to facilitate atomic swaps, enabling users to convert assets like Ethereum (ETH) into Bitcoin (BTC).

This development brings greater utility to Bitcoin, a feature common among Ethereum-based assets and other blockchains but relatively new to Bitcoin. Anduro’s integration with Portal to Bitcoin may also offer new revenue streams for miners. By using merge-mining, participating miners can earn Bitcoin-denominated revenue from transactions on these sidechains while continuing to mine Bitcoin on the base layer.

“Integrating Portal to Bitcoin enhances the utility of Bitcoin and presents new opportunities for revenue generation for miners,” said a Marathon spokesperson.

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Hashdex Proposes First U.S. Bitcoin-Ethereum ETF

Hashdex has submitted a proposal to the Securities and Exchange Commission to create an exchange-traded fund that would include both Bitcoin (BTC) and Ethereum (ETH). The proposed ETF, named Hashdex Nasdaq Crypto Index US ETF, aims to offer investors exposure to the two leading cryptocurrencies, reflecting their distribution in the Nasdaq Crypto Index.

The ETF would be composed of approximately 70.54% Bitcoin and 29.46% Ethereum, adhering to a market-cap-weighted strategy that mirrors the broader cryptocurrency market as represented by the Nasdaq Crypto Index.

This initiative marks a significant advancement in integrating digital assets into conventional financial instruments, potentially broadening the accessibility of cryptocurrencies to a wider range of investors. The fund will be backed by custodians Coinbase (NASDAQ:COIN) Custody Trust Company and BitGo Trust Company and will maintain cash reserves.

While initially focusing on Bitcoin and Ethereum, the ETF may consider including additional digital assets in the future, pending SEC approval. This proposal arrives during a favorable regulatory climate, following the SEC’s approval of Bitcoin spot ETFs and the anticipated introduction of Ethereum ETFs in the U.S. market.

SEC Chair Gary Gensler recently indicated to a Senate committee that Ethereum ETFs might begin trading by this summer.

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