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Monday, June 10, 2024
HomeCrypto3 digital currencies that can be held for a long time

3 digital currencies that can be held for a long time

While some people may find it difficult to explore BTC due to its current valuation, investing in Bitcoin will always pay off well in the long run, as BTC is currently being accepted by institutions due to its attractiveness, popularity and ETF.

According to CoinCodex, Bitcoin could end the year on a positive note trading at $117,826.

“Bitcoin can trade in a range from $71,457 to $117,826. If the higher price target is achieved, BTC could increase 65.41% and reach $117,826.”

Ethereum

Ethereum is another notable token and the second largest cryptocurrency by market capitalization. The token boasts a beautiful ecosystem that has penetrated deeply into the emerging web3 sector. Ethereum is currently the top trading coin and has the potential to make its holders rich in the long run.

With Ethereum ETFs on the horizon, the price of Ethereum is sure to skyrocket, bringing a fresh batch of profits to its holders.

According to CoinCodex, Ethereum could increase nearly 77% to trade at a price of $6,000 by the end of 2024.

“Ethereum could trade in a range of $3,802.22 to $6,744.64. If the higher price target is achieved, ETH could increase 77.93% and reach $6,744.64.”

Shiba Inu

The Shiba Inu has a long history of delivering profits to the majority of its holders. SHIB at the start of 2021 made investors super rich by surprising the market and adopting a steady and solid price pace.

Since the 2021 price hike, SHIB has adopted a fairly gradual approach, with the promise of allowing its holders to experience a major price increase once again.

With the current bull season favoring the craziest meme coin, Shib’s price could also skyrocket, bringing sizable profits to its holders. According to CoinCodex SHIB could rise 360% by year-end to trade at threshold price.

“The Shiba Inu can trade in a range from $0.00002512 to $0.000118. If the higher price target is achieved, SHIB could increase by 368.30% and reach $0.000118.”

See more: More than 100 former US prosecutors call for the “release” of Binance director

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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