Crypto projects pop up here and there and the hunt to pick the next x100 is always on. But there are also some solid crypto projects which are growing more like "slow cooking" and while we navigate bull and bear markets, some of these projects should weather the times and finish the race in front of the others. If you are an early adopter for one project or another which still has the price affordable, could make for a good long term strategy with the only purpose to grow the balance and wait for it to provide.
Thinking of the characteristics of cryptocurrencies for a long term HODL and GROW, I believe the ones bellow are the most important ones.
Strong fundamentals and use cases
And no, MEME tokens for sure don't qualify for this :). A token with a clear, strong use case, addressing real-world problems, such as improving financial transactions, ensuring privacy, or enabling decentralized applications (dApps), could have lasting value. Couple that with intertwining industries and we might find a winner.
Active development and community support
A project actively developed, with a roadmap for future improvements, and supported by a large, engaged community may indicate resilience and potential for growth. Without this, even if the project core ideas are brilliant and promising, will simply not succeed and others might integrate similar innovative features.
Decentralization and security
Crypto projects saw such amazing growth in the last years because the decentralized model provides more trust than centralized one. People lived through tragic experiences from bankruptcies due to others fault, that they want to have their destiny in their own hands and decide by themselves. Decentralization provides more equilibrium in decisions and governance of a blockchain project.
Usage and ecosystem integrations
Tokens that have secured partnerships with big exchanges and other blockchain projects or are integrated into various ecosystems stand a better chance of widespread adoption and longevity. Outreach is never enough and only through that a token can find its use and perform at its full potential.
When considering long-term investments in cryptocurrencies, I believe that it is important to look at projects with the above qualities. In addition to that a long play should be planned when prices are not at their peak, but rather when they are low or moderate. Projects discovered in their incipient phases which have strong and trusted teams (as much as they can) could always be lucky winners, but projects that stand the test of time might provide better options when choosing where to put your money on.
Thinking of the projects that I have invested in time and leaving aside those that are already at astronomical prices (Bitcoin, Ethereum), I see some of them which are good for a long play. So here is my list of tokens which fill into the dots.
Hive blockchain (HIVE)
Specialized in decentralized social media platforms, Hive facilitates fast, feeless transactions and offers a scalable base for a variety of dApps. Its emphasis on content creation and community-driven governance makes it unique. On top of that infrastructure and big dApps are in development (VSC Project, Speak Network) so getting involved in early times might pay out significantly later on. A blockchain offering a governance token - Hive and a stablecoin - HBD at base layer, 20% APR, could suffice in simplicity and passive earning.
Cardano (ADA)
A blockchain that focuses on sustainability, scalability, and transparency, with a strong commitment to scientific research and formal methods in protocol development. While its price disappointed in time, it is the perfect project considering its trust that it builds, the huge community around it, non custodial wallets and pushing decentralization to its limits.
Polkadot (DOT)
Aims to enable different blockchains to transfer messages and value in a trust-free fashion; betting on interoperability as a key feature for the blockchain future. While its success might depend from other blockchain to succeed and prove themselves, the use cases is here and will only grow in time.
While I promised myself that this bull run I will grab as many profits as possible and even liquidate my entire portfolio, I am inclined to pick one or two projects on which to devote my entire crypto time and grow my assets in time. That doesn't mean that I will not be selling the assets from these blockchains if their prices pushes to previous ATH or something alike, but probably during the next bear market I will jump back into the game, but just on fewer well chosen projects.
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