Investing in cryptos ensures present and future financial security. It allows you to grow your wealth and, at the same time, generate inflation-beating returns. You also benefit from the power of compounding. In this technology-driven world, cryptocurrencies are the hottest investment option.
The cryptocurrency market has grown leaps and bounds since the emergence of the first cryptocurrency. Millions of investors strive to keep track of blockchain-driven cryptocurrencies that might explode in the future to gain maximum profits in between market volatility periods.
If you are an investor looking for affordable cryptocurrencies with potential, then buy and hold these top 3 cryptocurrencies for at least the next 5 years to gain record gains.
Bitcoin (BTC)
The king of cryptocurrencies, Bitcoin, has sparked a worldwide revolution that empowered countless people to dive into the blockchain world and accept it as a viable investment asset. Consequently, it is often touted as “digital gold” as its value is considered akin to gold in the crypto sector.
Bitcoin has had a significant rally from 2009 but with its fair share of volatility. However, thanks to the dedicated community support, it has always bounced back. As a result, it is still the most popular token for traders, investors, and institutions alike despite the emergence and popularity of other cryptocurrencies.
After humble beginnings in 2009, the coin crossed $1,000 for good in 2017 and followed a steep but bumpy path to an all-time high of roughly $69,000 in November 2021. It then scraped as low as $18k in June 2022 before stablizing to its current market price of around $22k.
While Bitcoin may not yet share gold's status as a store of value, the crypto king is gradually gaining acceptance and could reach $100000, as predicted by many experts, making it one of the top 3 cryptocurrencies to buy and hold for at least the next 5 years.
One significant reason for Bitcoin to skyrocket even after its crash is its strong network fundamentals compared to other cryptocurrencies. Through its global transaction network, Bitcoin can be securely and seamlessly sent across borders, at a lower cost, without the need for trusted third parties.
As the methods for sending, receiving, and storing Bitcoins continue to improve, the number of active wallet addresses on the Bitcoin network is also rapidly increasing. This is a vital sign of the vibrant and growing financial ecosystem that Bitcoin will initiate.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
The Ethereum smart contract blockchain is at the heart of most new emerging trends within the crypto sector. It allows for peer-to-peer transactions and serves as a framework for developing smart contracts and distributed applications. In fact, Ethereum is an industry leader in smart contracts. As such, it is the blockchain network of choice for the best NFTs, crypto-based games, and various decentralized finance apps.
The development of the DeFi space and NFTs are good examples of crypto sub-sectors that have excelled due to the Ethereum (ETH) network. Notably, the platform is now transitioning from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanism. This is called The Merge and is expected to usher in a new era within the Ethereum ecosystem.
Not only will the Merge reduce the level of energy consumption required through the proof-of-work consensus, but it will also significantly increase the functionality of the network. In turn, this will decrease the factors causing network issues amongst the platform users, making ETH one of the top 3 cryptocurrencies to buy and hold for at least the next 5 years.
Along with falling transaction fees, another major selling point for Ethereum is its flexibility, which allows it to adapt to changing demands as they arise. That is how a network can stay relevant and useful for decades, and Ethereum looks set to do just that with its upcoming upgrade to PoS.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Cardano (ADA) is known to be a third-gen blockchain that is available to the overall population alongside being a dApp advancement platform. Third-gen cryptocurrencies take examples from first and second-gen digital assets and enhance upon their constraints.
To develop versatility, Cardano uses new advancements developed throughout the years, including security, sustainability, and multiple layer architectures. It is said to be the first blockchain platform to have acquired worldwide media consideration by including a companion investigated research plan into its core standards.
Its proof-of-stake architecture is less harmful to the environment than Ethereum (ETH), and its founders have claimed that their mission is to give the world a platform for “change-makers, innovators, and visionaries” and to bring positive global change.
ADA has previously been high in the rankings and, due to its long-term business outlook, is expected to become even greater, making it one of the top 3 cryptocurrencies to buy and hold for at least the next 5 years.
Cardano endeavors to acquaint norms into the market with empower interoperability across networks. These frameworks incorporate blockchain administration models, framework upgrade protocols, and capabilities. At present, the platform has principles for overseeing privacy, security, and decentralization.
Cardano (ADA) printed an all-time high of more than $3, and the project has the potential to reach or surpass this price point. Cardano (ADA) has a strong community that continually supports the project, making it one of the hottest digital assets in the market.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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