The offers of these cryptocurrencies enable favorable long-term price development
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With all the fears, uncertainties and doubts in the crypto market, sometimes you just have to go long and move on with your life. Cryptos with random, wild price swings that could either make you richer overnight or land you in the cleaners don’t fit the bill. Instead, you want top cryptos for growth that, if you are patient enough, will pay handsome dividends.
These projects are great candidates for some of the top cryptos for future growth.
Bitcoin (BTC USD)
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Bitcoin (BTC USD) is a top cryptocurrency for future growth for several reasons. Firstly, it is the most popular cryptocurrency. BTC is always trendy – simply because it is the breakthrough cryptocurrency. Unlike most altcoins that need to constantly introduce the next cool feature to stay marketable, Bitcoin just needs to be… Bitcoin.
Then there are spot exchange-traded funds (ETFs), which sparked a wave of institutional money into Bitcoin. We’re only four months in, and Bitcoin ETFs have done it Raised $53 billion In the USA alone.
And according to Robert Mitchnick, head of digital assets at BlackRock, that was the case in conversation with CoinDeskWe’ll likely see more types of institutional investors making a foray into the asset “in the coming months.”
Furthermore, it is always Bitcoin that sets the tone for the crypto market. As the market recovers, be aware that Bitcoin will take center stage. This means that Bitcoin is always prepared for future growth.
Chainlink (LINK-USD)
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Look at chain link (LINK USD)’S Price pattern This year, the token has not experienced dramatic price fluctuations, which can make a big difference to your portfolio in both cases.
However, if you zoom out a bit you will notice LINK Fetched $21 at various points in March – a 200% appreciation from the $7 average at which it traded for most of last October.
Furthermore, analysts predict a bright future for Chainlink. One such prediction comes from crypto analyst Michael van de Poppe, who sees the token reach up to $40 in the following months.
Chainlink was the first blockchain platform to solve the problem of smart contracts being able to access external data. Blockchains that support smart contracts are inherently isolated from real-world sources of information.
Currently, Chainlink is the king of decentralized oracles – making it one of the top cryptocurrencies for growth.
Avalanche (AVAX-USD)
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avalanche (AVAX-USD) is one of many Third generation blockchains referred to as the “Ethereum Killer.” The crypto is capable of supporting decentralized applications (Dapps) and smart contracts like ether (ETH-USD) – but cheaper.
The Avalanche ecosystem has had a great year. On March 6, the team released the Durango upgrade. This upgrade includes Teleporter – a communication platform that allows Avalanche-backed blockchains to seamlessly exchange data such as tokens, NFTs or oracle feeds.
In April, Avalanche announced its Integration with Payment company stripes. This integration means users can purchase AVAX directly from their Stripe app without using an exchange.
AVAX price 50% increased about Durango upgrade news in the next two weeks. But what is even more remarkable is that the token has done this guaranteed profits of over 250% from October to date.
This trajectory shows steady growth over the past seven months, making AVAX one of the top cryptocurrencies for future growth.
At the time of publication, Hope Mutie did not have any positions, directly or indirectly, in any of the coins mentioned in this article. The opinions expressed in this article are those of the author and are subject to the opinions of InvestorPlace.com Publishing Guidelines.