Investing in long-term cryptocurrencies is easy and profitable, but you must first have a thorough understanding of the market. Long-term crypto investment is when you expect the price of the cryptocurrency to rise over time – this is an investment that must be held for at least 6 months to 1 year or more.
Table Of Contents
- Top 12 Best Cryptocurrency For Long Term Investment
- 1. Bitcoin (BTC)
- 2. Ethereum (ETH)
- 3. Binance Coin (BNB)
- 4. Cardano (ADA)
- 5. Solana (SOL)
- 6. Ripple (XRP)
- 7. Polkadot (DOT)
- 8. Dogecoin (DOGE)
- 9. Chainlink (LINK)
- 10. Uniswap (UNI)
- 11. VeChain (VET)
- 12. Steller (XLM)
Top 12 Best Cryptocurrency For Long Term Investment
1. Bitcoin (BTC)
Bitcoin (BTC) is a cryptocurrency that was created in 2008 by an anonymous individual or group of individuals known as Satoshi Nakamoto. Bitcoin is a consensus network that enabled the development of a new payment system and a completely digital currency. It is the first decentralized peer-to-peer payment network, with no central authority or middlemen it is driven by its users.
Nobody owns the Bitcoin network, just as no one owns email technology. All Bitcoin users throughout the world have control over the currency. While developers work to improve the software, they are unable to impose a change in the Bitcoin protocol because users are free to use any software and version they like. To remain compatible with one another, all users must use the same software that follows the same set of rules. Bitcoin can only function properly if all users agree on everything. As a result, both users and developers have a strong motivation to safeguard this consensus.
What are the advantages of Bitcoin?
- Choose your own fees
- Fewer risks for merchants
- Security and control
- Transparent and neutral
- Payment freedom
2. Ethereum (ETH)
Ethereum is a decentralized software platform that allows smart contracts and decentralized applications (dapps) to be built and run without the need for third-party intervention, downtime, fraud, or control. Ethereum’s goal is to create a decentralized suite of financial products that anybody in the world, regardless of nationality, race, or beliefs, can freely access. Ethereum is a permissionless, non-hierarchical network of computers (nodes) that create and reach consensus on the Blockchain – an ever-growing network of “blocks”, or groups of transactions.
3. Binance Coin (BNB)
Binance Coin is a cryptocurrency that was created by the Binance exchange, Binance started off as a utility token for lower trading fees, but it’s now used for a variety of things, including transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services e.t.c
What Are the Benefits of Binance Coin?
- Secure & Trustworthy
- Trade Multiple Cryptocurrencies
- Trading Discount
- Participate in ICOs/IEOs
- Quick Transactions
4. Cardano (ADA)
Cardano is a blockchain platform with a multi-asset ledger and verifiable smart contracts that aims to be a decentralized application (DApp) development platform.
Cardano has 5 stages of development: Foundation, decentralization, smart contracts, scaling, and governance
Cardano, a blockchain network based on the proof-of-stake concept (Ouroboros blockchain), claims to conserve energy by using a sustainable mining algorithm.It has its own internal cryptocurrency or digital token ledger that operates inside the framework to improve the user experience for its holders. Cardano’s internal cryptocurrency, Ada, serves as a middleman for exchanging Cardano-related transactions.
“It is named after Ada Lovelace: a 19th-century mathematician who is recognized as the first computer programmer, and is the daughter of the poet Lord Byron.”What is Ada?
5. Solana (SOL)
Solana aims to be a hub for decentralized apps, which allow users to transact without the need for a trusted middleman such as a bank or a broker. Solana is competing in a competitive sector that includes blockchains like Ethereum and Cardano, as well as established finance firms.
Solana’s protocol is fast, secure, and immune to censorship. Solana’s “decentralized” blockchain network is based on a hybrid of proof stake and proof of history. It is developed on the RUST programming language, which gives it a solid foundation for transaction security. Solana’s blockchain network is unique in that it can handle up to 50,000 transactions per second.
6. Ripple (XRP)
Ripple is a financial system that functions as both a cryptocurrency and a digital payment network. Ripple is a payment settlement asset exchange and remittance system, comparable to the SWIFT system for international money and security transfers, which is used by banks and financial middlemen.
Ripple’s design is built for real-world use cases, and it solves the problem of cross-border payments by ensuring immediate transaction processing.
7. Polkadot (DOT)
Polkadot is a scalable, heterogeneous, multi-chain technology platform that enables many blockchains to send and receive messages and value in a trustless manner, while sharing their unique features and pooling their security.
What Are the Features of Polkadot (DOT)?
- Shared security
- On-chain governance
- Forkless upgrades
- Extra key security
- Novel economics and game theory
8. Dogecoin (DOGE)
Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency that was created as a parody of the cryptocurrency market after Bitcoin’s launch. It began as a light-hearted joke among crypto lovers, but it quickly grew to become one of the most popular cryptocurrencies in use today.
Because it was based on a dog meme, Dogecoin’s developers envisioned it as a fun, light-hearted cryptocurrency that would appeal to a broader audience than Bitcoin’s core audience. Elon Musk, the CEO of Tesla, has stated on multiple occasions that Dogecoin is his favorite coin.
Chainlink decentralized oracle networks enable tamper-proof inputs, outputs, and computations to support advanced smart contracts on any blockchain, it is built on a framework that can retrieve data from any API, connect to existing systems, and interact with any present or future blockchain. Chainlink use decentralization to link highly accurate and available data/APIs to any smart contract.
Chainlink greatly expands the capabilities of smart contracts by allowing access to real-world data and off-chain computing while keeping the security and stability that the blockchain technology provides.
10. Uniswap (UNI)
Uniswap is a decentralized exchange (DEX) based on Ethereum that allows anybody to swap ERC20 tokens. Uniswap is the most widely used Ethereum-based DEX with an automated market maker (AMM) model, it uses liquidity pools rather than order books, and LP tokens for liquidity providers. Uniswap is open source which means developers can create a variety of platform-specific DeFi tools, including APIs, wallets, and protocols, to extend the network’s functionalities.
11. VeChain (VET)
VeChain is a cryptocurrency and software that runs on the VeChainThor blockchain, and it supports two distinct coins as well as smart contracts. VeChain is highly helpful for logistics and tracking, which might attract the interest of enterprises in shipping, retail, manufacturing, warehousing, grocery, and other sectors.
VeChain states that its goal is “to build a trust-free and distributed business ecosystem platform to enable transparent information flow, efficient collaboration, and high-speed value transfers.”
12. Steller (XLM)
Steller is a network that links banks, payment systems, and individuals, with the goal of moving money swiftly, reliably, and at nearly no cost. Stellar is a decentralized protocol on open-source code that enables cross-border transactions between any two currencies in a matter of seconds. Stellar’s major focus is on emerging economies in the fields of remittances and bank loans to individuals who do not have access to traditional banking services.