Hope you all are doing well and good and enjoying the best days of your life. This is me @shahid2030 from Pakistan and you are here reading my post. You all are welcome here from the core of my heart.

This is my participation in a contest Future of cryptocurrencies organized in SteemitCryptoAcademy by @crypto-academy.

There are too many crypto currencies that can give too much in 2024 and make us rich. ***I have a long list of those coins, they are; ADA (Cardano), OXT, Doge, FTM, XRP, Shib, GALA, Steem, Mbox, MANA, Zil, SLP, TRX. These are the coins I believe will perform too good in the market.

Now I am picking a few of them which I am too much sure about that they can give you UpTo 100x profit are; ADA, MANA, Doge, Steem. These are very strong projects according to me, I will try to cover their fundamentals here.

Fundamentals for Cardano (ADA)

ADA has done a great recovery in it's price which is 150% in the last 70 Days. It has cross the level of $0.6 in the market. It's highly expected that it will cross $1 in the current bulish market riley. Experts says it's average price in 2025 can touch $3 and in 2023, it may touches $12.

Let's talk about some upcoming fundamentals Cardano in market.

Cardano Improvement Proposal (CIP) 1694 introduces a tricameral governance model.

The Age of Voltaire and CIP-1694 are highly expected to positively impact Cardano’s price this year.

Mithril upgrade is a significant development too.

Mithril promises to boost up the efficiency of Cardano full-node clients. Hope it can drag the price up.

Fundamentals for MANA

The Metaverse concept is gaining popular in the crypto world, with much more dominance. MANA coin is also a Metaverse project.Decentraland the uprising and emerging player in this space. It offers a virtual reality platform on the Ethereum blockchain. Here users can design, customize, and monetize their virtual land (LAND).

Now let's talk about what this land is: This LAND is an Ethereum-based NFT, as I have said it is lunched on ETH Blockchain. Alongside MANA tokens can be used for purchase items on the platform and hence the users will use these tokens for engagement within the platform. MANA holds other utilities to, like: purchasing NFTs, transacting in Decentraland businesses, governance, and advertising.

Doge Coin Fundamentals:

If talking about meme coins and we ignore DOGE it's impossible. It's the leading meme coin in the market these days. Dogecoin is the precursor to Shiba Inu, which is also in iconic meme coin too. Many people associate it with the world billionaire Elon musk. **Why should one hold DOGE COIN for long Term? Dogecoin retains significant influence. Its relevance is bolstered by Elon Musk's intermittent tweets, whenever Elon tweet infavour of DOGE we always see a huge pump in it's price. In this Bullish market if we see any tweet from him, DOGE'S price will go to the moon. Plus it has a very supportive community, and its potential role in the burgeoning meme economy.

Dogecoin, back in 2021 skyrocketed it's popularity with it's huge raise in it's price . It has created many crypto millionaires in 2021. Currently it's price is $0.09, there's a growing anticipation that DOGE could see a significant increase in it's value. It can potentially offers it's investors returns up to 20x their initial investment. You may also became millionaire by grabbing this golden chance in hand.

That's too much easier process of buying these Cryptocurrencies. They all are listed on multiple exchanges you can buy it from there. I have binance exchange and I am using it for trading so I will show you step wise process with the help of screenshots of buying these currencies. Will show you only for STEEM COIN so it's the same for the rest of the coins too.

First step is to search STEEM/USDT Pair in binance.

Second step click on Buy option

By as many STEEM COINS as you want here

Hope you all have learned how to buy coins using binance exchange

The important thing is not of how buying crypto there I think many of us already know it. I want to share a profitable method we can use for buying any currency in spot. That method is Hedging.

Hedging is the method of buying currencies in crypto market. We buy coins step wise in order to avoid any great lost. For example I am giving example of STEEM COIN again. Current price of STEEM I am writing this article is $0.2681. I will buy 10% of my portfolio here. If the price pump, I will hold until my target achieve. Let suppose my target is $1. If it hit $1 I will sell all here.

Now there is another scenario. For example I bought STEEM at $0.2680 and it dump to $0.20. I should invest 5% more of my portfolio in this coin. zIf it dump more to $0.15 I should invest more 5%. Now if the price go back to it initial price which is $0.2680, it will recover my all lost even I will be at profit too. Now apply the same procedure on all the coins.

Note: Must select coin for hedging for long term investment having strong fundamentals and if they are strong projects. Recently many people have done great profit in SOLANA COIN (SOL). It's price was just $20 two months ago and now it's $110. So a strong project like SOLANA should be targeted for long term holding.

STEEM COIN is also included in my favorite list for long term holding and I believe it can give multiple X return to it's holder in future. It's in my portfolio for long term holding. Let's talk about it's Fundamentals why should we hold STEEM COIN for long term.

STEEM COIN Fundamentals.

Let's talk about Steemit

Steemit is a social media platforms which gives Steem Coin as reward to it's users. Unlike any other social media platforms it is based on the blockchain that allows it to be run in a decentralized manner. By decentralized we mean, there is no censorship, no central authority, no downtime, no data vulnerability, and no data abuse. It is more fast and solves a seemingly endless list of problems in seconds. That's why it's something special than centralized social platforms (i.e. Facebook, Twitter, etc.).

Let's talk about STEEM COIN

This is our concer topic, wherever we talk about Steemit, we must have to bring Steem coin into discussion, because both are interlinked.

History of STEEM COIN.

Steem coin has shown us a massive surge in its price back on 20th July 2016. It grew from about $0.27 to $4.34 in a single week. This was the highest pump for any coin that time. As a result of this, Steem’s market capitalization became $384.5 million, which was the 3rd only to Bitcoin and Ethereum. This record in history can make steem project even a stronger in the present. It's a great fundamental that Steem coin once have the third highest market cap in the entire crypto market.

However, things doesn't stop here. Steem coin with a huge pump then touched a new high of $7.28 in January 2018. It was a massive jump for this coin that time. That’s a return of about 4,853% if we compare it with the price in January 2017, which was around $0.15.

Current Fundamentals

Now let's talk about it present fundamentals.

A Coin has that much strong background in the past and have performed too good can give us a brilliant results in the present.

It's total supply is very limited; just 450 millions. If it's market cap reached $450 millions, STEEM price will touch $1, which has happened in the past many times. However if their is $1Billion market cap of STEEM COIN which is not a big deal, we can see it's price ranging above $2. It's mean our $100 investment now will give us $800, and $1000 investment will give us $8000 return.

Steem is different from other cryptocurrencies since it doesn’t only rely on mining to create new coins. This can attract many investors towards itself

Their is a very strong community behind the Steem project and Steemit. They always have combine efforts for the betterment of Steemit and steem.

I can say all these points can make STEEM a very strong project and we can hold it for long time. I hope it will give us a 20x to 100x in future so easily.

I can can't say with 100% surety that yes the future of crypto currencies are promising, but I will keep some statistics and the history from past, then you can decide by your own weather the future of crypto of promising or not. If I have talk about myself, so my mind is completely agree and satisfied that crypto has a very bright future.

A Coin used for buying one pizza and even more coin was used just to buy a single pizza is now trading at a value of $44k. I guess this point is enough to make one understand what is the future of crypto currencies

I will share a link with you you can see all the data here about Crypto adoption in the world Link. There it is shown that in over all, I mean from beginning until now, the world has entered too much into crypto. Too many countries and there people are trading on it, but yeah in this a little bit decrease from the Q1 of 2022 to Q4 of 2023. This ratio is recovering as we are proceeding toward the Bitcoin halving again.

Source

At the end, my opinion about crypto adoption is very clear and open. **I believe in crypto and I think the future is of crypto. I believe Bitcoin will be trading at 1Million dollars by 2040.

This is all about my blog for today, hope you guys have enjoyed reading it. See you soon with a new amazing and interesting topic, till take care.