If you plan on investing in cryptocurrencies, you will likely face the problem of choosing the correct digital coin to add to your portfolio. There are thousands of digital coins and tokens nowadays. Which ones are good for short-term or long-term investments? You have to read about potential investments before making a decision. But you cannot read about thousands of digital assets, can you?
So, an excellent way to begin shortlisting your possible crypto investments is by looking at the best performers of previous years. Cryptocurrencies with excellent price histories can be suitable investments. However, to be safe, you have to read price predictions by experts. In this way, you can determine whether a particular cryptocurrency is convenient. We present a Hedera price prediction for the following years to help you find a good addition to your investment portfolio.
If you want to get an excellent return on investment (ROI) from a digital coin, you must select a project that brings innovation to the table. Investing in well-established coins like Bitcoin (BTC) and Ethereum (ETH) no longer carries enormous profits. Therefore, investing in the native utility token of the Hedera network could be a profitable move. Let us discuss it in more detail.
Is Hedera a Good Investment?
First, let us look at what makes Hedera so unique. The Hedera network allows the development of decentralized applications (DApps). But other platforms do the same, so what’s special with Hedera? Hedera does not utilize a blockchain like its competitors. Instead, it leverages hashgraph distributed ledger technology. Thanks to this technology, the Hedera network is safer and more reliable.
Hedera uses the HBAR token as the currency of its network. It can be used for regular transactions and smart contracts. Investors could buy HBAR at $0.12 during its initial coin offering (ICO) in August 2018. Although this token did not perform well initially, in 2021 took off. It set its all-time high price on September 16, 2021, trading at $0.5701. As of the last day of March 2022, this digital asset sold at $0.24.
Although the HBAR appreciation since its launch is not impressive, the future looks much brighter for this token. Experts think it will reach $2.5 in 2022. You can increase your investment by a 10x factor in a few months if you invest in this token right now. The HBAR will likely be $4 in 2023 and $7 in 2025. However, analysts believe that reaching $7.5 in 2025 is possible. In 2030, this token will not trade for less than $8.
So, as seen, Hedera (HBAR) is an excellent long-term investment you can add to your portfolio.
Mine Ravecoin (RVN) with the Best Pool and Miner
Ravecoin is a blockchain network that allows users to transfer tokens peer-to-peer (P2P). Its native cryptocurrency, RVN, has attracted much interest because of its excellent performance in 2021. One can also mine RVN profitably by using the best Ravencoin miner. This cryptocurrency is ASIC-resistant. Hence, it is not necessary to invest in costly hardware.
If you opt to buy modest equipment for your mining activity, you can join a mining pool to increase your chances of making a profit. A mining pool is a platform where miners contribute computational capability to make mining profitable. Each member of a mining pool gets a share of a reward proportionally to the computational power they contributed. You have to assess several factors to choose a good mining pool. Please pay attention to their fees and reputation to ensure you are not being the victim of a scam.
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