Looking for long-term investments? Here are the best cryptos to buy and hold for the long term.
Cryptocurrencies dropped to pessimistic lows this year, right after the bullish highs in 2021. The market has tumbled into a bear market, and investors have dubbed it “crypto winter.” However, this is the opportunity for grabbing significant market shares, especially for buyers who want long-term investments.
Millions of investors are striving to get their hands on the best investments to buy and hold for the long term. Finding long-term investments and planning to hold onto them forever is the best way to create a nest egg that will take care of your future. Therefore we have listed the 3 cryptos to buy and hold forever to help you make this decision.
- Being the no.1 crypto, Bitcoin will always be a safe bet for a long-term investment.
- Ethereum’s growing ecosystem shows the massive potential of ETH as a long-term investment option.
- SOL is a frontrunner in facilitating everyday transactions thanks to the network's fast speeds and extremely cheap gas fee rates.
Bitcoin (BTC)
The rising adoption combined with market maturation has boosted the long-term growth of Bitcoin.
Bitcoin brought seasonal joy to several inventors in late 2017, with its price rising to the moon and breaking records. But a few months later, in 2018, its price dropped, leaving investors in fear and despair. This boom and bust cycle continued over the years, showing that volatility is not a new concept for this crypto. BTC has survived massive price crashes and rose to new all-time highs right after the plunges.
Bitcoin has also survived mounting criticism from the mainstream media, banking industry, political class, environmentalists, and multiple bans by governments. Bitcoin enthusiasts are well aware of the fact that the short-term calculated risk of investing in this crypto could be worth its potential long-term rewards. For numerous reasons, Bitcoin has always remained a top crypto to buy and hold forever. The fact that it addresses a crucial global issue like inflation is one of them.
Latest reports say that the global adoption of BTC could rise quicker than any other past disruptive technologies such as automobiles and electric power. As a result, more people and institutional investors have started boarding the Bitcoin train, driving the crypto’s adoption. For example, Microsoft has started allowing its users to pay for its various in-house services like Xbox Live, Microsoft apps, and games, which proves our point.
With El Salvador, Bitcoin also began to find mainstream adoption as legal tender, and with more countries following its suit, the value is bound to rise. In addition to this, several exchange-traded funds and multiple fintech players have started accepting it as a payment option, proving that it is a buy and hold forever kind of crypto.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
A long-term price increase is expected for ETH as Ethereum gears up for the final stages of ‘The Merge.’
Decentralized finance (DeFi) holds the potential to reshape the world, and Ethereum sits at the heart of the DeFi movement. Along with DeFi, this smart contract-enabled blockchain has also given rise to non-fungible tokens (NFTs) and many other real-world use cases. It has also marked its presence in the booming Web 3.0 movement. With its high-security specifications, advanced technology, and strong developer base, Ethereum is one of the strongest contenders to build the metaverse.
With “the Merge’ coming close to fruition, the market would see rising adoption of the Ethereum network, which is why it is best to buy and hold ETH now for future returns. The Merge would enhance the network transactions making it more sustainable and efficient for widespread use. Additionally, the availability of layer-2 systems like zero-knowledge (zk) rollups would attract developers, eventually driving ETH’s prices higher. With Vitalik Buterin announcing the next steps in the roadmap for the network, we believe that the price of ETH would rise above the tides, making it one of the top 3 cryptos to buy and hold forever.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL)
The rapid growth of the Solana ecosystem has given reason to believe that SOL could become one of the dominant PoS chains in the crypto sphere.
Solana tops the list of the most potential ‘Ethereum killers’ in the crypto sphere. Its decentralized blockchain permits the deployment of smart contract agreements. Like any other network, Solana was designed to resolve the crucial challenges in the blockchain sector.
Although the network has addressed some of the crucial issues, it has also encountered a few unique problems. From resource exhaustion to a halt in block confirmation, there were quite a few setbacks for the Solana network resulting in repeated power outages, etc. Despite this, analysts believe that SOL is still one of the top 3 cryptos to buy and hold forever as the team is working consistently on improving the sustainability of its blockchain. In addition, the developer team has announced some significant updates to the network, like the plans for “flow control” upgrades which would solve several network outage issues. This is indeed music to ears for investors who believe in the long-term potential of Solana.
Another factor that makes SOL the best crypto to buy and hold forever is its rapidly growing ecosystem. It has already produced several decentralized applications (dApps), including lending protocols such as Apricot Finance and Francium, DeFi projects like Orca, Saber, and Raydium, NFT marketplaces such as Metaplex and Solanart, and finally, Web3 apps like Audius and the Brave Browser.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Although many investors see crypto as a short-term investment option, the best way to approach this market is on a long-term basis. Investing in long-term cryptos ensures present and future financial security. Therefore, these are the top 3 cryptos to buy and hold forever to grow your wealth and generate inflation-beating returns.
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