Cryptocurrencies are assets for long-term investments that can generate massive profits
The crypto market has turned out to be one of the fastest-growing markets in the world. Just recently back in 2021, the market touched the US$3 trillion mark, shortly after Bitcoin showed its massive price rally crossing US$65,000, followed by the bullish price runs by other major altcoins in the market. After this, many have started investing in more cryptocurrencies to diversify their portfolios, also motivating new investors to join the market. Cryptocurrencies have turned out to be the primary choice of asset investment for young investors. Nowadays, even college students are investing in cryptocurrencies to start gaining profits and start saving for the future. Most parents are even making crypto investments on behalf of their children, expecting the investments to touch the moon by the time their kids are capable enough to handle their own finances. The chosen cryptos for long-term investment are generally the ones with high investment rates, high trading volumes, and liquidity. In this article, we have listed the top cryptos for the long haul that investors can choose in 2022.
Bitcoin is the first cryptocurrency that was ever invented and is currently the world’s largest cryptocurrency by market cap. BTC is the flagship product of the crypto industry. Being the biggest and the most popular cryptocurrency throughout the crypto industry, Bitcoin has been subjected to major institutional and national adoption. Since it is the most trusted cryptocurrency in the market, BTC would be perfect for long-term investment.
Launched in 2015, Ethereum transformed the crypto industry by pointing out the possibilities of blockchain technology, showing the world that blockchain can record massive amounts of data, code, and pretty much any other type of information. ETH is responsible for the development of smart contracts, dApps, Defi, NFTs, and even massive amounts of new cryptocurrencies.
Launched in 2017, Cardano is a public blockchain platform that facilitates peer-to-peer transactions through its internal cryptocurrency ADA. The platform allows users to program decentralized applications. The ADA network hosts several dApps, which are peer-to-peer software projects programmed on its blockchain. It also enables users to validate transactions seamlessly.
Decentraland is one of the oldest cryptos to launch in the metaverse and is a first-mover in the metaverse sector. The MANA network is more advanced than any other crypto network. While others are still trying to figure out how to create, organize, and maintain their metaverses, Decentraland is already organizing virtual events. Over the past couple of months, the MANA token has been surging quite rapidly, and can easily be considered as a long-term investment option.
Cryptocurrencies like Aave are well-known for building real-world use cases to encourage adoption. Aave is an ERC-20 protocol programmed on the Ethereum blockchain. It aims to decentralize consumer finance by allowing people to borrow and lend more than 20 different cryptocurrencies without any central intermediary.
Ripple is a blockchain platform designed to help people send money across borders. While any cryptocurrency can fill this post, Ripple stands out from other cryptos because of its scalability and real-world partnerships with financial institutions that use its technology. Ripple’s developers also operate an enterprise blockchain network called RippleNet, which has partnered with over 100 financial institutions on a global basis.
Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through its decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events, and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. DOT was initially designed to provide a foundation for a decentralized internet of blockchains, known as Web 3.0.
Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. Besides, Solana, Avalanche is one of the biggest rivals of Ethereum. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. The developers claim that Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin and offers fast and affordable settlements.
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