Investing In Cryptocurrencies for the Long-Term: 7 Best Cryptocurrencies

Cryptocurrencies first emerged in 2009, with Bitcoin being the first and most well-known example. At its inception, cryptocurrency appeared to be a way to revolutionize technology and finance. Since then, cryptocurrency has continued to grow in popularity, with more people investing in various coins and tokens. Long-term investments can be a great way to maximize your profits and secure your future. 

Crypto investment involves many options. Your choices will determine your capital, expected returns, and risks involved. For instance, staking can offer high reward potential, while peer-to-peer lending can offer low-risk returns. Also, you can choose between day trading and HODLing. The former refers to actively buying and selling digital assets, while the latter means investing and keeping your assets until they reach their full potential.  

Cryptocurrency offers a unique way to invest and make money. Unlike traditional investments, such as stocks and bonds, cryptocurrency offers much higher potential returns. Also, the value of cryptocurrency is typically more stable than other investments, making it a safer choice for long-term investors. You can maximize your profits while minimizing risks by investing in cryptocurrency long-term, picking the best coins and tokens, and securing your investment. 

Here are the seven best crypto coins you can use for long-term investments.

1. Bitcoin
 

This coin comes first on every list of the best cryptocurrencies because of its popularity and stability. It was the first coin to introduce blockchain technology and is still the most widely used cryptocurrency. It is a great long-term investment asset due to its low volatility risk. 

During its invention, Bitcoin launched as a decentralized alternative to banknotes. It eliminated government control and centralization of money and offered users a secure way to store their funds. Many people regarded it as a form of “digital gold.” Today, Bitcoin is the most widely used crypto payment, increasing its popularity.

2. Ripple

When looking at the altcoins, Ripple stands out as it solves most people’s nightmares. It is a banking-focused crypto, allowing people to make transactions faster, cheaper, and more securely than with fiat money. Ripple runs on a distributed ledger system, a unique blockchain.

Investing in Ripple is a great way to diversify your portfolio. Although the coin is not as volatile as other cryptocurrencies, Ripple has seen significant growth in recent years. You can buy the tokens and keep them for future returns. 

3. Litecoin

After Bitcoin emerged as value storage and Ethereum as a smart contract, Litecoin launched to complement what Bitcoin lacked: faster transaction speeds. Litecoin offers a smoother experience when transferring funds and trading on different exchanges. It takes a few seconds, while Bitcoin can last more than one hour to complete a payment. 

As such, many people would prefer Litecoin to pay at stores and online services. You can handle your transactions more conveniently and quickly with Litecoin. Also, the value of Litecoin has a somewhat steady trend, making it a good candidate for long-term investment. You can stake, lend, trade, or just HODL the coin and wait for a significant return. 

4. Cardano

Cardano emerged in September 2017, made by Input Output Hong Kong (IOHK). It is a decentralized public blockchain and cryptocurrency project focusing on smart contracts. Cardano is the first blockchain platform to be built on peer-reviewed academic research. IOHK is led by Charles Hoskinson, a co-founder of Ethereum.

Since its release, Cardano has experienced mixed results in the industry. It reached a peak market cap of $24 billion in January 2018 but has since dropped significantly. However, it currently stands at the 9th position by market cap. As an investor, you can expect growth in smart contracts, Dapps, and payments. 

5. IMPT.io

The IMPT coin is a new player in the cryptocurrency market. It is yet to be released, but the presale phase is on. Its vision of reducing carbon footprint makes it stand out. It is one of the first cryptocurrencies to have a long-term ambition to reduce global emissions with its Proof-of-Stake protocol. IMPT.io sets the path for a better environment with Web 3.0. 

You can buy the pre-release tokens, convert them into carbon credit, then burn them to receive NFTs you can sell. For long-term investments, you can hold the NFTs for future trading or list your carbon credits on the marketplace.

6. Ether

The Ethereum blockchain was second to Bitcoin in launching. Ether is one of the most popular investments in the crypto market. It serves as a platform for developers to create decentralized applications with its smart contract capabilities.  

Ether has a higher volatility risk than Bitcoin, but it is also considered one of the top coins for investing in the long term. As an investor, you can use Ethereum for staking, lending, or trading. Also, the platform continues to expand and develop, making it a promising coin for the future. 

7. Chainlink

LINK, the token of the Chainlink network, has become one of the most popular investments since its launch in 2019. It currently stands as the 20th largest crypto by market cap. Chainlink is a decentralized oracle network that connects smart contracts on the blockchain to real-world data. As a hybrid smart contract platform, it can provide data-rich services to users of all networks. 

Investing in LINK tokens is a great way to diversify your portfolio. With its unique characteristics, LINK is expected to be a safe bet in the long run. By holding the tokens, you can benefit from potential future gains and access the data-rich services it provides. 

As a smart contract network, staking LINK is another way of profiting from it. With staking, you can earn rewards for securing the network and providing liquidity to the system. That ensures the project’s success and allows users to earn passive income. 

Summing Up 

Cryptocurrencies have great potential for long-term investments. These seven are some of the best coins to consider to HODL, trade, or stake to earn profits in the future. Invest carefully, diversify your portfolio, and stay patient if you want to experience success in the crypto market. Never panic when you hear the news of crashes (like what happened to Terra LUNA recently). It is all part of the market, and you should use it to your advantage.