5 Best Long-Term Cryptocurrencies To Buy for 2022
With more than 20,000 different cryptocurrency coins and tokens in the market, investor interest is growing rapidly. But picking the right mix to maximize your long-term returns can be tough under the best circumstances — trying to do so in a cryptocurrency bear market, a k a “crypto winter,” can be overwhelming.
If you’re wondering about the best long-term cryptocurrencies to buy this year, keep reading to find out.
5 Best Long-Term Cryptocurrencies
Here are the top five cryptocurrencies with potential as long-term investments.
- Bitcoin (BTC)
Bitcoin is the largest cryptocurrency in the world by market cap. You can use it to make purchases online and off, or, if you’re like most bitcoin investors, view it as one of your buy-and-hold assets in your investment portfolio. It has become more of a safe-haven investment than a currency, earning it a place within your long-term cryptocurrency portfolio.
- Ethereum (ETH)
ETH ranks as the second-largest cryptocurrency by market cap. Ethereum is the name of both a blockchain platform and the platform’s native cryptocurrency. The token can be used as a store of value, which is bitcoin’s strength, but Ethereum also has emerged as one of the best platforms for decentralized apps, also referred to as dApps.
- Cardano (ADA)
Cardano is another cryptocurrency to invest in for the long term. While the coin’s bear-market performance has been a shambles — founder Charles Hoskinson tweeted, “Cardano could cure cancer … and we’d still fall” — the platform has one major benefit over Ethereum: a proof-of-stake protocol.
- Polkadot (DOT)
With a market cap of over $7.52 billion, polkadot has become one of the best long-term cryptocurrencies to buy since its launch in 2020. It’s not only a cryptocurrency but also a blockchain network where developers can build innovative, decentralized systems.
- Chainlink (LINK)
Chainlink ranks as the fifth-best cryptocurrency to invest in for the long term. Launched in 2014, the Ethereum-based network provides real-time data from off-blockchain to on-blockchain smart contracts via nodes and oracles. Its mission, according to Securities.io, is to create the world’s first blockchain oracle network.
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