Strong trading momentum despite all-round uncertainty makes this the perfect time to take a look at the best cryptos to buy for long-term profits. Financial markets have remained in a precarious situation in recent months due to increasing inflation concerns and delayed interest rate cuts. But the bad mood is nothing more than a smokescreen, as the data points to a flourishing capital market.
The Wall Street Journal reports that we are detect an upward trend across the border. For the first time the Dow Jones Industrial Average with tech stocks exceeding the 40,000 mark, Bitcoin (BTC USD) and rising gold prices against the backdrop of a beautiful investment environment. Additionally, other macroeconomic factors such as the Bitcoin halving are driving renewed interest in cryptocurrencies.
The halving event brought capital into the markets, resulting in strong demand, which was boosted by the approval of Bitcoin spot ETFs in the US. This led to a surge in digital asset prices, with BTC increasing in value by 80%.
Even though Bitcoin is the OG cryptocurrency, its momentum has spawned new coins that have created their own niche in the market. For investors, these cryptos with their unique offerings represent a great investment opportunity to benefit from potential returns.
Dogeverse (DOGEVERSE)
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The rebirth of the meme coin frenzy has led to a bull run for many cryptos this year. A coin that is leading the trend is Dogeverse (DOGEVERSE-USD). The coin with a dog motif caused quite a stir on the market after a successful pre-sale. raised over $15 million. Its popularity comes from a unique multi-chain framework feature that offers more utility than your average meme coin.
The Dogeverse mascot Cosmo is a multi-chain hopping dog that can operate across six blockchains. This multi-chain capability is in contrast to the average coin, which can only operate on a single blockchain. This allows Dogeverse to integrate into various cryptocurrency ecosystems and guarantees fast transactions with low fees. The coin can be purchased at ether (ETH-USD), Polygon (MATIC USD)Solana (SOL USD), BNB chain (BNB-USD), base And avalanche (AVAX-USD).
In addition to this flexibility and accessibility, Dogeverse offers high staking rewards to its pre-sale buyers. Investors who buy their coins on Ethereum can use them for a deposit 58% annual percentage return. Almost 27.5 billion tokens have already been staked.
The Dogeverse multi-chain framework and staking rewards provide compelling arguments for investors looking to invest behind meme coins. And with analysts predicting huge returns, this is easily one of the best cryptos to buy this year.
Toncoin (TON)
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Another cryptocurrency worth your attention is Toncoin (TON USD). Similar to its crypto counterparts, Toncoin is up 50% this year. For a few reasons, Toncoin was initially developed as a blockchain for messaging platform telegram. It was subsequently acquired by the TON Foundation and now operates as an eco-friendly blockchain network where users can buy, sell and store funds. While TON prices have surged, the cryptocurrency has several catalysts that signal even stronger growth.
One of several positive developments for Toncoin is Pantera‘s massive investment in the company. While the actual investment value remains unknown, Pantera stated that it is invested a lot in the blockchain because of its ability to reach the masses. TON’s integration with messaging platform Telegram opens its blockchain to an active user base of 800 million. This positions Toncoin as a dominant force in the crypto landscape.
Sentiment towards the cryptocurrency was at an all-time high after TON announced further developments on its Telegram integration. The company introduced Ad monetization strategy Telegram channel owners would earn 50% of the revenue from the ads placed on their channel. Transactions on the platform are carried out using Toncoin.
Toncoin’s strong market position coupled with the immense potential of its blockchain network makes it one of the best cryptocurrencies to buy right now.
WienerAI (WAI)
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The third coin on this list of best cryptos to buy is another dog-themed choice that promises significant long-term returns. WienerAI (WAI-USD) uses two things to its advantage – the virality of a meme coin and the benefits of artificial intelligence (AI). Artificial intelligence is a hot topic in the markets this year and WAI is no stranger to this trend.
Essentially, WienerAI is an AI-powered bot that analyzes and executes trades using a predictive model. The bot can find and suggest opportunities in the market based on user requirements and then execute trades on the same platform. Such a trading tool could be crucial for novice investors.
In addition to the efficiency of its trading platform, the company also offers a high-stakes protocol. WienerAI users can earn passive income while trading on the platform by adding WAI tokens to their smart contracts. It is estimated that the return for investors who entered in the pre-sale phase is over 400%. The sale of the coin has already taken place exceeded $2 millionindicating strong momentum for WienerAI.
WAI coin is a great buy for investors looking to capitalize on the AI trend and meme coin frenzy.
At the time of publication, Divya Premkumar did not have any positions, directly or indirectly, in any of the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to those of InvestorPlace.com Publishing Guidelines.