The Three Greatest Cryptocurrency Holds For Long Term Riches – XRP (XRP), Cronos (CRO) & Quitriam Finance (QTM)
Cryptocurrency provides you with multiple ways of making a passive income. From short term trading to staking to NFTs. One of the most sure-fire ways to make money in this space is to buy and hold long term. If you had bought Bitcoin (BTC) in 2013 you would be a multi-millionaire today.
When buying for the long term it’s important to single out the projects that have the strongest fundamentals and a solid support system as well as significant upside potential. XRP (XRP), and Cronos (CRO) look like great buys for the upcoming months whilst Quitriam Finance (QTM) has just launched via a presale. These are three projects currently going under the radar that could make you a lot of money over the coming years, here’s why.
Through its worldwide payment transfer infrastructure, the Ripplenet, XRP is perfectly positioned to capitalise on the rising demand for quicker international money transactions.
Ripplenet enables XRP users to send and receive money in nearly any currency, anywhere in the globe, for just fractions of a cent. Making cross-border payments using Ripplenet and the XRP currency is much less expensive than utilising the majority of the largest traditional money transfer providers.
As its money-transfer business expands, XRP may become a more significant player in the cryptocurrency sector. The XRP blockchain is among the finest in terms of cross-border payments making it a solid long term hold for any investor.
Ripple Labs, the company behind the XRP token is currently embroiled in a lawsuit with the Securities and Exchanges Commission. As a result of this, the price of XRP has been stagnant for many months now. Many predict that if and when the lawsuit is over, XRP will explode in value and could match the likes of Ethereum (ETH) in challenging Bitcoin for a large share of the market dominance.
Cronos (CRO), which has defied the broader market fall, may prove to be a smart buy for this year. Cronos’ recent success demonstrates the company’s ability to generate significant profits for its shareholders. The coin also boasts a high annual percentage yield (APY) and cheap trading fees.
In the second part of 2021, the Cronos mainnet chain was released. It’s the first chain to accept DeFi, NFTs, and Cosmos EVMs. As a result, apart from the stated efficiency, CRO may execute transactions quicker than Ethereum (ETH), making it more sustainable and inexpensive.
Another major draw for Cronos is that it will be the official sponsor of the upcoming Fifa World Cup in November. This global event will be witnessed by over 1 billion people with Cronos and the CRO token being at the forefront of it. As a result of this, we can predict that newcomers to the crypto world may choose crypto.com as their preferred exchange which should mean a positive upswing in value for CRO.
Quitriam Finance (QTM) is a DeFi protocol that is dipping its toes in multiple cryptocurrency pools including:
- Multi-Chain Swaps
- Yield Farming
Quitriam Finance has just launched via an intriguing presale with its mission being to use smart contracts and tokens to transform traditional financial aspects into dependable and transparent protocols.
QTM, the platform’s native token, will serve as a governance token, allowing holders to vote on financial factors and the overall development of the platform. Quitriam Finance will operate as a DeFi and savings ecosystem. When QTM token holders get interest on their pooled digital assets on the network, they can earn passive income in the form of more QTM tokens.
Another unique concept from Quitriam Finance that is making its presale look even more enticing is its multi-chain capabilities. Users will be able to bridge between multiple blockchains and trade many different tokens. This is something that is not possible on a popular exchange like Uniswap which only deals in Ethereum based tokens. According to the white paper, the QTM blockchain will be able to handle up to 50,000 transactions per second which is something that rivals the top smart contract platforms such as Solana (SOL) and Polygon (MATIC).
Since the presale began, the price of QTM has risen to $0.000017 from $0.000011, a rise of 55% in just over a week. With over two months of the presale remaining, the likelihood of monumental increases for those who invest now is high. Looking at other presale success stories we can see that tokens rose by more than 5000% before their official launches.