Which are the best cryptocurrency to invest in for the Long Term? Find out
The Crypto market is very volatile where you can witness large swings or a sudden fall with no notice and this the reason that people find it very risky.
New Delhi: The year 2021 has been the year of ups and downs for cryptocurrencies. As the crypto market saw a major gain in the first half of the year it also saw some heavy dumping during this time. But it can be said that the craze for the coins has been kept on increasing.
Gainst like Apple, Google, Tesla, Samsung, Facebook, and Paypal are ready to get into the market as they all have announced their long-term strategic plans related to cryptocurrencies.
Who would have thought that Bitcoin will touch the $62,000 mark? and altcoins like ETH, DOGE, and SHIB will attract tons of investors to the market.
As we all know that there are 2 two sides to every market and crypto has its too. The Crypto market is very volatile where you can witness large swings or a sudden fall with no notice and this the reason that people find it very risky.
The Crypto market is still under a recovery phase as it has seen multiple dumps in the past few months. Bulls are trying to take full control of the market and if you are ready to invest for the long term then here are the coins you should consider before they just shoot up.
BITCOIN (BTC)
BTC is the world’s most famous and largest cryptocurrency. Satoshi Nakamoto, who is still anonymous, created BTC in 2009. It is a decentralized digital currency that can be sent from one to another by using a peer-to-peer BTC network without any intermediaries.
It has a supply of 21 million maximum coins and till now more than 18 million have already been mined.
ETHERIUM (ETH)
ETH is the 2nd-largest cryptocurrency by market capitalization and the next generation of blockchain technology that has grabbed eyeballs of the investors. ETH is one of the top contenders for the best cryptocurrencies to buy list for the long term.
Vitalik Buterin and 7 others created Etherium in 2014 and it is one of the largest platforms for decentralized applications also known as DApps. ETH has a bright future and it is expected that it will continue to shine.
CHAINLINK (LINK)
LINK is among the best coins to invest in this year as this project still arouses the interest of retail and institutional investors alike. Chainlink expands the capabilities of smart contracts by enabling access to real-world data and off-chain computation while maintaining the security and reliability guarantees inherent to blockchain technology.
Cardano (ADA)
Cardano is a research-based cryptocurrency made by engineers, mathematicians, and cryptography experts. Charles Hoskinson who is one of the five initial founding members of Ethereum cofounded this project.
ADA aims to be the world’s financial operating system similar to Ethereum as well as providing solutions for chain interoperability. As of now, Cardano has a market capitalization of $69 billion and it costs $2.07
Litecoin (LTC)
Launched in 2011, Litecoin was among the first coins to follow Bitcoin. It has also been referred to as “silver to Bitcoin’s gold.” Created by Charlie Lee, an MIT graduate and former Google engineer, the coin is based on an open-source global payment network, controlled by any central authority.
LTC is like BTC in many ways as it has a faster block generation rate providing faster transaction confirmation time. As of now, LTC has a market capitalization of $12.1 billion and tokes in now worth $180 taking it to the top 5 crypto in the world.
DOGECOIN (DOGE)
The coin which was just started as a meme cryptocurrency has come a long way. 2021 has been a turnaround year for DOGE. The coin saw an increase of 15,000% which makes it one of the hot cryptocurrencies to buy.
Dogecoin is a direct source of encouragement for all the altcoins who are still trying to prove their existence in the market. Tesla and SpaceX boss Elon Musk’s boost has given a huge push to the token.
DOGE hit a massive rally to touch the $0.74 mark in mid-April which made it surpass Twitter and Ford Motors in market cap.
Uniswap (UNI)
Uniswap empowers developers, liquidity providers and traders to participate in a financial marketplace that is open and accessible to all.
Polygon
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
EOS
EOSIO is a highly performant open-source blockchain platform, built to support and operate safe, compliant, and predictable digital infrastructures
IOTA
IOTA has fundamentally reengineered distributed ledger technology, enabling secure exchange of both value and data, without any fees.
