The 10 best cryptocurrencies to invest in for the long term

The 10 best cryptocurrencies to invest in for the long term

Cryptocurrencies have always been known as an option to invest with high profitability and risk. However, considering that there are currently more than 7,000 tokens, determining which cryptocurrency to invest in is perhaps a complex question ; especially if we are not clear about the utility of the token in the market or other details.

In either case, investing in these assets can leave an attractive ROI (return on investment). For this reason, if you have an initial fund to invest in cryptocurrencies, we suggest you consider some of the following digital currencies to diversify your token wallet .

1. Bitcoin (BTC)

Bitcoin or BTC is the main cryptocurrency in the market , this, due to its large volume and price, can completely change its trend. It should be noted that its development was in 2009, and from then on it is considered the queen of cryptos .

This is one of the best cryptocurrencies to invest in the long term for all the fundamental aspects that support it, the amount of supply it has and the objective you want to achieve; which would be to completely change the current financial system, payment methods and decentralize finance globally.

When it went on the market, its usefulness was almost nil, even Bitcoin was only used in forums to make donations or simply gifts. However, it all started when a pizza was paid for with BTC for the first time ; there also lies a very important event known as Pizza Day.

Over time, BTC demonstrated its usefulness as various people began to use it, and this increased its value in the market; To give you an idea of ​​its volatility, we point out that in just the last 11 months Bitcoin rose from $28,000 to register an ATH (all-time high) at $66,900 .

2. Ethereum (ETH)

Ethereum or ETH is the cryptocurrency that follows BTC; the second queen by capitalization, and perhaps the most useful digital currency today. This is because the project behind this token revolutionized the finance sector , creating a whole new ecosystem that is currently known as DeFi (decentralized finance).

It should be noted that its usefulness lies in the fact that it has an open source blockchain; totally different from Bitcoin. The same reason, which has caused Ethereum to be used to develop dApps and tokenize them (create cryptocurrencies based on an application or software only if desired).

On the other hand, thanks to Ethereum, the execution of decentralized smart contracts is possible ; It is undoubtedly one of the cryptocurrencies with the longest future. However, changes will have to be made, since multiple players in the market, such as Cardano, Solana or others, have been gaining prominence.

Because of this, Ethereum 2.0 was born; a solution that promises to solve token scalability issues and lower gas fees per transaction. With the objective, that the digital currency can recover the ground that it has lost due to competition. The token began the year 2021 trading at $753 and by November of the same year it registered an ATH at $4,691 .

3. Cardano (ADA)

Cardano is the project behind the ADA cryptocurrency. This uses a third-generation 3.0 blockchain that stands out for having a large number of differences from previous block chains; the most notable is that it was submitted to the scientific review that a large number of projects have omitted when creating their blockchains.

It is a revolutionary project that seeks to offer a different space to users; maintaining decentralization and guaranteeing a level of scalability superior to other cryptos.

It should be noted that it has an affinity with Ethereum or other projects, and it is that they recently launched an update called Alonzo that promises to give Cardano greater utility, since it enables the use of smart contracts powered by Plutus .

Since the start of 2021, ADA has performed fascinatingly, demonstrating its potential despite not including the major Alonzo update that brought smart contracts to the blockchain for good.

The token went from $0.18 on January 1, 2021, to reach an ATH of $3.09 for September of the same year; which is an increase of 1,700% in just 9 months ; becoming a high-yield token to invest in the long term.

4. Binance Coin (BNB)

Binance Coin is the native token of Binance, the most widely used cryptocurrency exchange globally . It should be noted that this currency is very useful in the ecosystem they have created, and its main characteristic is that it can be used to pay gas fees within the exchange.

Using BNB or Binance Coin greatly reduces the total commissions or fees to pay ; In addition, it is being considered to add a protocol that burns a part of the tokens during this process; without forgetting the quarterly burns that the exchange already carries out.

It is important to note that the burning of coins is the main strategy to increase its price in the market.

Due to this, it is widely profitable to invest in the short, medium or long term . In addition, it is backed by the Binance exchange, so it is a safe and reliable cryptocurrency in which you can invest without fear of losing money.

On the other hand, it is one of the main digital assets on the market , it is even among the TOP 10 cryptos with the highest capitalization, and its price is $592 at the time of writing. However, when 2021 began, its price was $37.4 and it registered an ATH on May 10 at $653 .

5. Polkadot (DOT)

Polkadot is a project that aims to unify blockchains; It does this thanks to its open source multi-chain sharding protocol , which makes it possible to transfer data, assets or other types of information between different blockchains.

Simply explained, it allows interoperability of multiple blockchains ; As we well know, they cannot connect or exchange information directly, but rather they need a bridge, and Polkadot acts as such.

In addition to this, the native token, DOT, has great utility in the mentioned project. Its main goal is to allow users to participate in Polkadot decision making . It is best classified as a governance token, although it is also used to create parallel chains that can send or receive various types of assets or data.

This cryptocurrency has earned a very important position in the market due to the impressive project behind it. For this reason, it is not surprising that its performance for the year is positive; only during the last 11 months it has grown 465% .

6. Solana (SUN)

Projects related to decentralized finance have been growing and gaining popularity in recent years. This is due to the saturation that the Ethereum network has had; fact that has increased the expenses in tariffs and that in turn decreases its profitability.

Solana, from SOL native token, is a hybrid project that has a combination with 2 consensus protocols, one known as PoH and the other is PoS. It is a solution for large investors and financial institutions that want to use blockchain technology or simply for those who want to migrate from Ethereum (ETH).

Despite being a project with a fairly short life time, since it hit the market in 2020, it is considered to have very solid pillars. For this reason, it has quickly earned a place among the 10 cryptocurrencies with the highest market capitalization ; fact that clearly demonstrates how profitable it can be to invest in the long term.

Since, more and more projects will seek to integrate and replace Ethereum while they do not solve its problems of scalability and high fees. In summary, its native token is considered very profitable, since in just 11 months it went from having a price of $1.56 to reaching $211.17 and registering an ATH of $250.

7. Ripple (XRP)

The XRP cryptocurrency is a solution for slow and centralized transactions . It should be noted that, like Bitcoin, XRP can be transferred from anywhere in the world and converted into all types of fiat currency.

The idea of ​​using its own currency in the company started in mid 2004 . However, it was not until 2012 when a token for it began to be developed; today known as XRP.

This asset has a bright future, although in recent months it has been overshadowed by multiple problems it has had with some authorities and regulators in the United States . Still, this year was a beneficial one for the token, as it started trading at just $0.22 and reached an ATH of $1.96, recording a 788% rise from January to April .

8. Chainlink (LINK)

Chainlink is a DeFi project known in the cryptocurrency investor community as a decentralized oracle network that aims to interconnect data from smart contracts with real-world information .

It should be noted that it has been in the market for a little over 4 years, although it was not until 2021 that it began to take off and demonstrate the high profitability that it can have in the world of cryptos; which allowed it to be positioned in the TOP 15 digital assets with the highest capitalization.

Also, the LINK token is of the ERC-20 type ; so it is developed on the Ethereum blockchain. Although, DEVs (developers) claim that it has a special ERC223 transfer function.

To avoid going into details, we highlight that in 2021 it started trading at $11.24 and registered an ATH at $53.04 on May 10 . What it showed, that it can be volatile and profitable in the long run

9. Polygon (MATIC)

Polygon is a second layer solution, also known as Layer 2. It has a native token called MATIC that is increasingly becoming one of the most important tokens in the crypto ecosystem.

Second layer solution: It is a platform that focuses on improving the scaling of cryptocurrency transactions; in this case that of Ethereum. With the objective of improving the scalability of the token in the long term and increasing security and improving the infrastructure of a certain blockchain.

However, Polygon differs by being multi-chain . Therefore, it is possible to enjoy a greater number of security advantages; In addition, it is backed by 2 of the largest exchanges globally ; Coinbase and Binance.

It is undoubtedly one of the projects with the most future in the long term, therefore, investing in its native token, MATIC, could leave a high ROI in a matter of years or months .

From January to June, it went from trading at $0.018 to registering an ATH at $2.704.

10.Internet Computer (ICP)

Internet Computer is an ambitious project that is managed by the company DFINITY; the ICP token belongs to this program. It should be noted that it has a third-generation blockchain , which is characterized, according to the DEVs, for running at the speed of the web.

One of the missions of Internet Computer is to change the whole concept of what we have today about networks , digital connection or websites. In addition, they also want to make Internet access free and easy to access; fact that has caused him to be attacked by the competition since long before his debut.

It should be noted that during its ICO Internet Computer raised an amount of $121 million and during the AirDrop there were more than 50,000 registered participants who trusted the White Paper established by DFINITY at that time. However, to date the token is in a downtrend that seems unstoppable.

Even so, ICP is a cryptocurrency with a fairly large project behind it, and it is almost certain that this will be an opportunity to invest in it that will not be repeated; It's a matter of wait and hold .

To give you an idea of ​​its volatility, after its integration into the Binance exchange it reached $2,800 ; figure that is quite far from its current price.

What must be taken into account to invest in a crypto?

The concepts to keep in mind when investing in cryptocurrencies are easy to remember; especially since there are currently a large number of pages and platforms, such as CoinMarketCap , where they show you everything you need to know about a certain project.

However, if you want to know the details and key aspects to evaluate when investing in a crypto, we suggest evaluating the following:
  • White Paper: the white paper or also called "road map" is of great importance in all digital currency, and when choosing between the cryptocurrencies available in the market, we suggest reading the White Paper. Since, multiple terms are established here that the user must know to protect their privacy and investment.
  • Supply: the number of tokens that can circulate or that are in circulation can completely define the value or price that a certain cryptocurrency will have in the market. Clearly, guided by the law of supply and demand, the greater the supply, the more difficult it will be to reach a high price; the reverse applies if the supply is low.
  • Trade volume: the trade or trade volume will allow you to know the liquidity of the market; so you know if exchanging that token for fiat money will be easy or if it will be complicated once you have bought it.
  • Classification: today there are many types of cryptocurrencies, and knowing which group it belongs to is of great importance; since there are crypto memes that are projects with a high probability of SCAM and unsafe to invest in the long term .
  • Capitalization: The market capitalization will allow you to identify how many people have invested in the token. This is useful for roughly knowing how much money is in the project and estimating the number of people who trust the asset.
  • Exchanges where you can buy: knowing how you can exchange your cryptocurrencies for fiat money is essential. Therefore, before choosing any token, we suggest you evaluate which exchanges it can be traded on and the liquidity of the asset there .
  • Transferable to wallets: as we mentioned before, there are many types of cryptocurrencies, and to choose one that is profitable in the long term and that you can hold (keep for a long time) without fear of theft or hacking, you should also evaluate if they are compatible with cold wallets .

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