The launch of Bitcoin in 2009 highlighted the unfathomable potential of blockchain technology. These days blockchain technology is becoming highly evident, and so are cryptocurrencies. In a relatively short duration of fewer than two decades, we already have numerous cryptocurrencies serving different requirements in the market.
But besides blockchain taking center stage, another essential reason has fueled the crypto industry’s growth. The reason is the excellent returns people generate with crypto trades and investments. There is no shortage of people who have become millionaires with their investments in the right crypto.
However, beginners might still need help finding the ideal crypto. This leaves many wondering about the cryptocurrency that will boom by the end of this decade. So continue reading and stop wondering about making informed investment decisions.
But Is It Worth Investing In Cryptocurrencies?
Most people would not ask this question if it was still November 2021 and the crypto industry was booming. But it is understandable why people might have second thoughts about investing in cryptos in 2022 and beyond. Many factors have left people only more confused and suspicious about the industry.
The first is the adverse impact of Russia’s invasion of Ukraine in late February 2022. The beginning of this war has devastatingly impacted the crypto industry, with people dealing with inflation and avoiding risky investments. But this was not all the devastation for the industry.
While the market was still recovering from an almost year-long bearish run in crypto, another development shook the industry to its bones. This shock came after the collapse of FTX, one of the leading crypto exchanges, in November 2022. As a result, numerous people lost their crypto holdings, further dampening people’s trust in the industry.
The important thing here is that things go wrong, not because the crypto industry is at fault but because of some specific entity or other external factors. Unfortunately, these happen in the crypto industry and conventional financial markets.
As for investing in the crypto industry, you must accept that this is the future. The crypto industry has grown exorbitantly in a short period. Even most projections from experts suggest the industry will grow by seven times its current value in the coming years.
Lastly, with so many promising cryptocurrencies available, people must pick their cryptos wisely. That said, which cryptocurrency will boom by the end of this decade? Let’s find out!
Our Top Picks On The Most Performant Cryptocurrencies By 2030
Many crypto projects have come to an unexpected and dire end due to many different reasons. But fortunately, the market still has some cryptos that have stood the test of time and survived many storms. So these are the tokens that show promising results in cryptocurrency prediction in 2030 and even beyond. Some of these cryptocurrencies include:
Of course, there can be no discussion about the most performant cryptos without mentioning Bitcoin. Being the oldest and a leader in the market, Bitcoin has stood the test of time without any great competition. Ultimately, Bitcoin helped lay the foundation for our entire current crypto industry.
There are numerous cryptocurrencies in the market, but Bitcoin still boasts a staggering market cap worth $720 billion, which is about 42% of the entire crypto market. Besides, Bitcoin is more valuable than leading publicly traded companies such as Mastercard and Visa.
Many factors are fueling the success of Bitcoin. The first factor is the platform’s security, with numerous miners verifying transactions every second. The second factor is the supply of Bitcoin, which is limited to 21 million tokens, further triggering the demand and supply law. Lastly, the final factor is the increasing demand for Bitcoin.
Bitcoin is also the first and only cryptocurrency that reached an all-time high value of exceeding the $60k mark in November 2021. Given these factors and Bitcoin crypto price predictions, it is safe to say Bitcoin is here to stay for the long haul.
As many might have already guessed, the next is the second most valuable crypto on the market, Ethereum. The token came as an alternative to Bitcoin with the potential to run self-executing programs called smart contracts. This technology has evolved extensively in the past few years, facilitating the development of decentralized apps (dApps) and decentralized finance (DeFi) services.
More than 2900 dApps are operating on the Ethereum platform, including NFT marketplaces such as OpenSea to metaverse video games such as Axie Infinity. Besides that, investors have more than $118 billion locked in Ethereum DeFi products, representing about 59% of the DeFi investments across any blockchain.
Another critical factor is that Ethereum has recently shifted from the PoW (Proof-of-Work) to the PoS (Proof-of-Stake) consensus mechanism. This has enhanced the speed of transactions benefiting all stakeholders. The ETH token currently has a valuation of $1231.37 with a staggering market cap of $150,684,655,918. Given these figures and ETH price predictions, it is safe to say that ETH will grow extensively by 2030.
Polkadot is a relatively new entry to the crypto market and serves as a next-generation blockchain network. The protocol is designed to connect specialized blockchains into a single unified network.
This allows the protocol to facilitate unmatched interoperability, making things easier for stakeholders. Unfortunately, this is contradictory to most blockchains of the day that operate separately in silos, further hampering the efficiency and unification of networks.
Ever since the launch of this protocol, its native token MATIC has been performing relatively much better than most cryptos. At the time of writing this, MATIC holds a value of $0.8867 with a market cap of $7,744,840,085. Most MATIC coin price forecasts suggest the token will breach the $500 mark by 2030. So make sure you consider investing in Polkadot today!
There are more than 17,000 cryptocurrencies available in the market. But from all these cryptos, those above are some of the finest and most performant. So, if you’re considering investing in cryptocurrencies anytime soon, don’t overlook these potential projects. Besides, if you’re a fan of the ‘people influenced’ tokens, you might save some meme coins.