3 Top Cryptocurrencies To Buy And Hold Forever

Last Updated April 12th 2022

3 Min Read

Bitcoin, Ethereum, and Terra have what it takes to deliver long-term success.

Key Points

Bitcoin dominates the market, and its scarcity makes it a good store of value.
Ethereum is the number one Dapps platform, and its developers are working to improve competitiveness.
Terra is growing in adoption in the algorithmic stablecoins market.

A lot more people now believe cryptocurrencies are a worthy long-term investment. Some of the cryptocurrencies that have earned the trust of investors as long-term investments are Bitcoin (BTC), Ethereum (ETH), and Terra (LUNA). Let’s take an in-depth look at why these cryptocurrencies lead the pack of cryptocurrencies to buy and hold long term.

Bitcoin

Bitcoin was the first cryptocurrency, and it still maintains its dominant position in this rapidly expanding industry. The widespread acceptance of Bitcoin has led to an investment community that is spread out globally. Today, Bitcoin is even accepted as legal tender, and adoption continues to grow, especially with the launch of sophisticated products such as Bitcoin futures.

However, Bitcoin’s most significant strength long term is its high levels of decentralization. Bitcoin is easily the most decentralized cryptocurrency in the market today. Data shows that the top 100 wallets own less than 14% of all Bitcoins in existence. This makes Bitcoin a censorship-resistant asset, further asserting its use case as a store of value.

At the same time, Bitcoin’s tokenomics make it a cryptocurrency worth buying and holding long-term. Bitcoin has a hard cap of 21 million coins. So far, about 18 million Bitcoins have come into existence, and a sizeable portion of them are lost forever. This means Bitcoin is getting scarcer even as demand is rising. Applying simple economics shows that the price of Bitcoin can only go up in the long run, which makes it crypto to buy and hold for decades.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ethereum

The functionality that Ethereum offers to developers is simply unprecedented. Ethereum’s popularity can be attributed in part to the fact it was the first blockchain to have smart contract capabilities, which are essential for implementing Dapps. This is an edge that saw Ethereum come to dominate the market in everything from DeFi to NFTs. Besides, Ethereum has one of the best developer teams in crypto.

Today, Ethereum is the second-largest cryptocurrency by market capitalization, with a market capitalization of $364.82 billion and more than 4k projects running on top of it. Over the last few years, Ethereum has faced scaling issues that directly result from its massive success. It’s a problem that has seen many Ethereum competitors, such as Solana thrive.

However, since 2020, Ethereum has been in the process of eliminating its scaling problems. It has done this through a transition from Proof-of-Work to Proof-of-Stake. Once the transition is complete, Ethereum will rely more on layer-2 solutions to handle transactions. This will help lower gas fees and help Ethereum handle many more transactions. The shift to Ethereum 2.0 also affects Ethereum tokenomics, as Ethereum will now become deflationary.

This massive improvement in Ethereum fundamentals makes it a top cryptocurrency to buy now and hold forever.

Check Out: Ethereum (ETH) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Terra

Terra caught investor interest in 2021 after it rallied by more than 11,000%. Terra’s rising market share is linked to the growing number of stablecoins running on the Terra network. The idea behind Terra algorithmic stablecoins is to make fiat currency censorship-resistant and more acceptable for everyday payments in the digital space.

LUNA tokens back the fiat currencies in the Terra network. As such, the more algorithmic stablecoins such as UST are adopted, the more LUNA gains in value. Given that digital fiat such as UST will only grow in demand as crypto adoption grows, LUNA is a cryptocurrency to buy and hold for years. The odds favour its value growth long term.

Don't Miss: Terra (LUNA) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

All Three Are Dominant Players In Their Respective Markets

Bitcoin enjoys an undisputed reign in the store-of-value aspect of crypto. Ethereum is the undisputed king of smart contracts, while Terra is emerging as the number one blockchain for the launch of algorithmic stable coins. For their dominance in their respective markets, these three cryptos are likely to deliver good returns for years to come.

Open an account with eToro, deposit some funds with USD, and finally – buy top coins for just $10.

eToro cryptocurrency trading