Wondering which cryptocurrency for long term investment? If your answer is yes, then I am here to help you out. There is no doubt that the market has a lot of cryptocurrencies to offer. But the truth is that not all the crypto coins are going to bring you a fortune.
So in case if you are looking ahead to invest in some good cryptocurrencies for a longer period of time. Then I am here to help you out. In this article, I am going to name some of the best coins that you should invest in.
So here we go:
Which cryptocurrency for long term investment?
First of all, there is Bitcoin. And there is no doubt that Bitcoin is the most profitable cryptocurrency out there. And it will bring you a lot of profit in the upcoming years. And there are quite a lot of experts who are hopeful about this.
Bitcoin is the most secure cryptocurrency that once can invest in. As well as Bitcoin is already getting used by so many companies out there. And this is what makes it hard for the other coins to beat bitcoin.
Bitcoin is the only cryptocurrency with the largest market capitalization. And the price of the coin is going up only since the start. Of course, the coin has seen some major downs. But if you look at the price graph from the start, it is growing only. And the price will go way high in the future too.
Next, there is the Litecoin. Litecoin is an open source and decentralized fork of Bitcoin. And it was created by Charlie Lee. Litecoin was created to complement Bitcoin. As well as it is known as the silver to Bitcoin’s gold. And it has been one of the top cryptocurrencies since 2012.
The best part of Litecoin is that, it has sole payments use cases for which it is being used in a decent volume. And according to experts, the coin has a huge potential to grow in the future. So you should also think of investing in this coin for long term investment.
Binance Coin (BNB)
Binance is also known as the Binace Coin or BNB. It is the native cryptocurrency of the Binance exchange. And it was launched back in 2017 with the launch of its exchange to facilitate trading fee waivers to Binance exchange users.
However, now Binance is expanding its reach rapidly, and it is about to launch its own Binance chain. Along with Binance DEX, where BNB will find more utility. As well as BNV indirectly benefits it users because every quarter they use 20% of their profits to buy back BNB and destroy them to create scarcity to reward BNB holders. And these are the reason why the coin has good potential to grow in the future.
How can I forget about Ethereum? After, Bitcoin it is the most popular and the second largest cryptocurrency on the basis of market capitalization. And according to the experts, Etherum sooner or later will surpass Bitcoin. Hence, this one is also one of the best cryptocurrencies to invest in.
The best part of Ethereum is that the world is building on it. And it has an amazing developer’s pool in the world. As well as, it is the best solution for creating decentralized applications and smart contracts. Hence, more and more people are using Ethreum.
If you are looking for something private and anonymous in your crypto portfolio. Then you should invest in Monero. Talking about XRM, this one is an open source and decentralized cryptocurrency for the people who value their privacy and security.
As, MOnero is highly private, and this is what gives this crypto coin multiple use cases. Also, the most interesting part of Monero is that it is used in deep web and is impossible to be traced. However, let me also mention that privacy is something which is a continuous process, and even Monero earlier this year leaked out some of the transactional information.
However, Monero is working on exciting techniques known as Ring signatures, RingCT, Kovri, and Stealth addresses to improve its privacy. And it is attracting investors on a large scale. So the experts believe that the coin is going to grow a lot in the future.
So that was the answer to your which cryptocurrency for long term investment. However, before investing in any cryptocurrency, it is extremely important that you are doing proper research. This would help you to prevent yourself from investing in the bad coins.
Anyway, if you have any more questions to ask. Then do feel free to comment below, and I will surely help you out with your query.