4 Best Cryptos with Long-Term Value to Buy with a $700 Budget and Attain $10,000,000 By 2028
Cryptocurrency investing can be a lucrative way to build wealth, but it’s important to do your research and choose the right coins. With a budget of $700, you may be wondering which cryptos have the potential to bring you the biggest returns. In this article, we’ll take a look at four of the best cryptocurrencies with long-term value that you can buy with a $700 budget and potentially attain $10,000,000 by 2028.
Before we dive in, it’s important to note that investing in cryptocurrency carries risks, and there are no guarantees of success. It’s also important to remember that investing in cryptocurrency should be a long-term strategy, not a get-rich-quick scheme. With that said, let’s take a look at our top four picks for cryptos with long-term value.
- Bitcoin (BTC) Bitcoin is the granddaddy of all cryptocurrencies, and it’s still one of the most valuable coins on the market. With a current price of around $36,000 per coin, Bitcoin may seem like an expensive investment, but it has a lot going for it. First, it’s widely recognized as a store of value, meaning that people are willing to hold onto it for long periods of time, which can drive up demand and, in turn, drive up the price. Second, Bitcoin has a large and active community of developers, miners, and users who are constantly working to improve and expand the network. Finally, Bitcoin has been around since 2009, so it has a proven track record of stability and growth.
If you’re looking to invest in Bitcoin with a $700 budget, you could potentially buy around 0.02 BTC (assuming the current price stays the same). While that may not seem like a lot, remember that the value of Bitcoin can fluctuate greatly over time. If Bitcoin reaches $50,000 per coin by 2028, your 0.02 BTC would be worth around $1,000. Not bad for a $700 investment!
- Ethereum (ETH) Ethereum is another highly valuable cryptocurrency that has a lot of potential for long-term growth. Unlike Bitcoin, which is primarily used as a store of value, Ethereum has a wide range of use cases, including smart contracts and decentralized finance (DeFi). This means that Ethereum has the potential to be used in a variety of industries and applications, which could drive up demand and increase its value.
Currently priced around $230 per coin, Ethereum is a bit more affordable than Bitcoin. With a $700 budget, you could potentially buy around 3 ETH (assuming the current price stays the same). If Ethereum reaches $1,000 per coin by 2028, your 3 ETH would be worth around $3,000.
- Cardano (ADA) Cardano is a newer cryptocurrency that has been gaining popularity in recent years. It’s known for its fast transaction times and low fees, which make it an attractive option for users who want to send and receive money quickly and cheaply. Cardano also has a strong development community and a clear roadmap for future growth, which could drive up demand and increase its value over time.
Currently priced around $2.30 per coin, Cardano is relatively affordable compared to Bitcoin and Ethereum. With a $700 budget, you could potentially buy around 300 ADA (assuming the current price stays the same). If Cardano reaches $100 per coin by 2028, your 300 ADA would be worth around $30,000.
- Polkadot (DOT) Polkadot is a unique cryptocurrency that’s designed to enable interoperability between different blockchain networks. This means that Polkadot could potentially become a key player in the future of decentralized finance and other industries that rely on blockchain technology. With a strong development community and a clear vision for the future, Polkadot has a lot of potential for long-term growth.
Currently priced around $28 per coin, Polkadot is relatively affordable compared to some of the other cryptocurrencies on this list. With a $700 budget, you could potentially buy around 25 DOT (assuming the current price stays the same). If Polkadot reaches $100 per coin by 2028, your 25 DOT would be worth around $2,500.
Conclusion Investing in cryptocurrency carries risks, and there are no guarantees of success. However, if you’re willing to take the risk and invest for the long term, these four cryptocurrencies have a lot of potential for growth and could potentially bring you significant returns by 2028. Remember to do your research, stay up-to-date on market trends, and never invest more than you can afford to lose. Happy investing!