The crypto industry has been growing at an unprecedented rate over the past few years. As a result, more than 20000 different cryptocurrencies are currently available in the market. Each of these cryptos serves other purposes and solves various issues.
But with so many choices in the market, how do you find the most profitable cryptocurrency for growing your returns? The key to finding the most profitable cryptocurrency is thorough research and extensive due diligence.
Lucky for you, this article results from extensive research and analysis of all factors influencing the crypto market. So let’s dive into details and find the most profitable cryptocurrency 2030.
Cryptocurrencies To HODL Forever
There is no argument for the fact that Bitcoin is still the most performant cryptocurrency available in the market. Many cryptos will come and go, and yet it would be challenging to find a worthy competitor of Bitcoin. Many factors make Bitcoin one of the most profitable cryptocurrencies to mine.
But one of the most important factors is that Bitcoin is the only token to have attained a valuation of over $60,000 in November 2021. However, things could have been better for Bitcoin since then, as the token has succumbed to the bearish performance of the market.
Currently, one BTC is worth $17,186 with a staggering market cap of $331 billion and a trading volume of 19 billion. The token has declined significantly this year, making it the perfect entry point before it is back to it’s all-time $70,000 high price range.
Not to state the obvious, but the next most performant cryptocurrency in this list is Ethereum. The ETH token has the second largest market cap coming just second to Bitcoin. One of the most critical factors that make ETH the real token of the future is its recent “Merge.”
This “Merge” marked Ethereum’s transformation from a Proof-of-Work (PoW) to the Proof-of-Stake (PoS) consensus mechanism. It will help the blockchain offer more efficient transactions while reducing energy consumption significantly.
Currently, ETH is valued at $1,273, with a market cap of $153 billion and a trading volume of $4.64 billion. Most ETH price predictions conclude that the token has the potential to reach a staggering valuation of at least $5000 to $10,000 by the end of this decade.
The next token in the list is an innovation embracing the new metaverse. Decentraland is a virtual game on the Ethereum blockchain with a native currency called the MANA. In terms of market cap, MANA is the second largest gaming cryptocurrency players can use to facilitate in-game transactions.
Of course, the token has some worthy competition in the market, but it still stands out with its unique features and functionalities. One such feature is where users can retain the ownership of their digital assets created in the game and later convert them into cryptocurrencies other than MANA.
Currently, one MANA token is worth $0.3771, with a market cap of $686 million. The token also has a trading volume of $31 million. However, given the growing popularity of virtual games and metaverse, MANA prices will likely go up in the coming years.
This is another unique future token, with many even referring to it as the second generation of blockchain technology. The Polkadot blockchain connects different blockchain networks into a single unified network.
This allows the blockchain to promote effective interoperability amongst different networks. The entire Polkadot network is designed to function as two different networks. The first is the primary network relay chain network, with all transactions remaining permanent here. The other is the para chain network created by users.
Additionally, this blockchain will work parallel to the Polkadot network, facilitating diverse customizations and supporting different use cases. Currently, the DOT token has a valuation of $5.08 with a market cap of $6.02 billion and a trading volume of $149 million.
Binance Coin (BNB)
Anyone familiar with the nuances of the crypto market knows that Binance is the largest crypto exchange to date. The exchange facilitates the largest number of crypto trades catering to the needs and requirements of users from all over the globe.
Similar to Bitcoin, even Binance makes all the effort to limit the number of native tokens BNB in circulation. As a result, there are currently 161,337,261 BNB tokens in circulation from a maximum supply of 200,000,000 tokens.
This simple demand and supply law has helped the Binance Coin reached staggering valuations in 2021. Currently, one BNB coin is worth $265.83 with a market cap of $43.5 billion and a trading volume of $640 million. Investing in BNB today will yield great returns by the end of this decade.
The next performant token in this list is the Polygon (MATIC). The token came into existence intending to minimize complications and enhance overall transaction speeds. Running on the Ethereum blockchain, the Polygon is a Layer-2 network acting as an add-on layer to the Ethereum blockchain.
This allows the network to build a simple framework for connecting different networks and facilitating faster transactions while offering better security.
Given these unique characteristics, the value of MATIC will grow extensively by 2030. Currently, MATIC has is available for $0.8937 and has a market cap of $8.03 billion, along with a $10 billion trading volume.
In terms of its past movement, the token has been a reliable performer. Its value has been mostly bullish for the past couple of days, and it seems likely the token will grow even further in the coming days and years.
Since the markets are highly volatile, investing in cryptocurrencies always translates to risks. Besides, there is no practical way to determine what is in store for the future of cryptocurrency. Instead, the best one can research and evaluate the market trends to find the most profitable cryptocurrency to invest in 2030.
After thorough research and deliberation, as mentioned earlier, currencies stand out amongst all the other cryptos in the market. So make sure you consider these tokens when investing in cryptos for the long term.