With cryptocurrencies on a growth trajectory, investors look for cryptos to buy and hold long term.
Cryptocurrencies are becoming more popular with each passing day. This is evident in the growing adoption of top cryptocurrencies like Bitcoin and Ethereum. As cryptocurrencies go mainstream, investors are actively looking for the cryptocurrencies with the most potential.
That said, cryptocurrencies are highly volatile and are classified as high-risk assets. However, if history is anything to go by, cryptocurrencies are a worthwhile gamble. The risks are high, but the rewards could be even higher. Many people have made millions off minimal capital investments in the cryptocurrency market.
With new, highly advanced cryptocurrencies entering the market daily, there is no doubt that the cryptocurrency market is getting stronger - which means more investors will be jumping in.
We have featured the top 10 cryptocurrencies to buy and invest in for the long term with this background in mind.
Bitcoin (BTC)
Bitcoin has been around since 2009, and it's still going strong. It reached a new high of $69K in 2021, which is three times higher than its previous peak. Although this growth means you'll have less money if Bitcoin's prices drop, as happened in Q1 of 2022, crypto investors know that they are investing long term, so these minor setbacks don't bother them much.
Bitcoin's potential is most evident when you look at its chart in its entirety (since launch). You quickly notice that save for a few dips; the trajectory has always been up. Given that only 21 million can ever exist, and a sizeable chunk is lost forever, it's not hard to see why Bitcoin is a cryptocurrency to buy and invest in for the long term.
Check Out: Bitcoin (BTC) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
Ethereum is a powerful blockchain that can be used for all sorts of things, from decentralized finance to non-fungible tokens. In the last four years, many competitors have come up, all capitalizing on Ethereum's scaling issues. However, Ethereum Devs have been hard at work in transitioning Ethereum to Ethereum 2.0.
Once the transition is complete, Ethereum will have lower fees and will also scale better. This is likely to drive even more adoption, considering that Ethereum adoption has grown despite all the issues. This potential adoption and Eth 2.0 makes ETH deflationary is a reason to buy Ethereum for the long haul.
Don't Miss: Ethereum (ETH) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Avalanche (AVAX)
The Avalanche Network is a blockchain that can process up to 4,500 transactions per second. It's an Ethereum competitor with faster speeds and improved scalability. Avalanche is now a top cryptocurrency despite being a relatively new blockchain, and adoption is growing. With its capabilities, Avalanche is a top 10 cryptocurrency to buy for the future.
Read Also: Avalanche (AVAX) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
USD Coin (USDC)
USD Coin is a new form of cryptocurrency that aims to provide stability and security through its value. You can always convert 1 USDC to $1, which means it will never lose its worth at any point in time. This makes investing more appealing because you know what your investment reliably earns back. Besides the growth of DeFi, you can earn a passive income by lending out USDC tokens. For such passive income potential, USDC is a top cryptocurrency to buy and hold.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Binance Coin (BNB)
Binance Coin can't miss among the top 10 cryptocurrencies to buy for the long term, and for a good reason. It is the native token of the world's largest cryptocurrency exchange. Millions of Binance Coins are also burned every quarter, which is good for the price long-term.
Don't Miss: Binance Coin (BNB) Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ripple (XRP)
Ripple is a cross-border payments platform that settles in XRP tokens. Two years ago, Ripple was sued by the SEC, triggering a drop in the price of XRP. However, speculation is high that the case could go Ripple's way. This coupled with growing adoption outside the US, makes XRP a cryptocurrency worth buying now and holding long term.
Read Also: Ripple Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Terra (LUNA)
Terra is a blockchain that is making censorship-resistant fiat currencies possible. The fiat currencies running on Terra, such as UST, are backed by LUNA tokens. Terra-based stable coins are growing in adoption, which is a good reason to buy and hold LUNA. That's because as adoption for Terra stable coins grows, so does LUNA's value.
Check Out: Terra (LUNA) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Cardano is one of the most technologically advanced cryptocurrencies in the market. Cardano runs on a Proof-of-Stake algorithm that solves the three big problems in blockchain – security, scalability, and decentralization. Cardano introduced smart contracts in October 2021, opening the way for DeFi and NFT projects. This puts Cardano among the top 10 best cryptos in 2022 and beyond.
Don't Miss: Cardano (ADA) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Shiba Inu (SHIB)
If you want a risky but high-potential cryptocurrency to buy and hold for years, Shiba Inu is one of the best. Shiba Inu is a meme coin, but it has a vibrant community behind it. The Shiba Inu developer team is very active, too, and is working on things like the Metaverse. This paints a good picture for SHIB going forward.
Read Also: Shiba Inu (SHIB) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Dogecoin (DOGE)
Dogecoin has been around for almost a decade now, and the DOGE community is now more vibrant than ever. This is all thanks to the price rally in 2020/21 and Elon Musk's commitment to Dogecoin, even accepting it for some payments at Tesla. With Musk behind it, and big names like the Dallas Mavericks accepting Dogecoin, the future looks bright. It makes Dogecoin a good long-term cryptocurrency as any of the other top 10 cryptocurrencies.
Check Out: Dogecoin (DOGE) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Open an account with eToro, deposit some funds with USD, and finally – buy cryptocurrencies for just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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