Buy these top cryptos in June 2022 and hold them to generate profitable returns in the long run.
Interest in the cryptocurrency market is expected to grow again at a rapid pace in the coming years. With thousands of cryptos in circulation, choosing the top cryptocurrencies for your portfolio is no easy feat. We also recommend choosing a crypto exchange with the lowest fees and sufficient research key metrics supporting the project's goal. Also, select cryptos worth holding, considering their historical price action, current market capitalization, and more. Analyzing everything, here’s the list of the top 5 cryptos to buy and hold in June 2022.
Bitcoin (BTC)
Despite its high volatility, BTC is still one of the top cryptos to buy and hold.
Bitcoin had a rocky start in 2022, following the market crash. But experts still believe it will eventually hit $100,000 and rise to new levels. Therefore this crypto has spearheaded a worldwide revolution that empowered numerous people to dive into the blockchain sphere and accept it as a viable investment. Because of its value, BTC is also considered the “digital gold.”
On top of all its achievements, ever since El Salvador made BTC legal tender in 2021, other countries like Paraguay are also following suit, pushing the crypto’s adoption rate. Bitcoin also has some of the best downside protection, and its loyal investor base and growing market adoption is the best sign for its long-term prospects.
Several new cryptocurrencies have also formed as a result of the hard forks of this crypto’s blockchain. Some of them include Bitcoin Cash and Bitcoin Gold, which strive to adjust the parameters of the Bitcoin ecosystem to handle more transactions at a faster pace.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FTX Token (FTT)
The rising popularity of the FTX exchange makes FTT one of the 5 top cryptos to buy and hold in June 2022.
FTX is one of the largest cryptocurrency derivatives exchanges and has grown exponentially in terms of popularity and gathered almost a million registered users and billions of dollars in trading volume daily. One key reason for this token's rising interest and popularity is the group of highly talented people behind it, contributing to its growth and overall development.
The token is designed with a unique mechanism that aims to enhance the utility of the FTX exchange. In addition, the crypto has partnered with numerous giants within the crypto and financial spaces, like Galois Capital, Circle, Paxos, Fenwick, Proof of Capital, and many more.
All future partnerships will eventually garner more attention to the exchange, ultimately resulting in a heightened utility of the FTT token. This will significantly contribute to the growth of its value, which is one key reason why FTT is the top crypto to buy and hold this year.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Cardano is considered one of the fastest-growing crypto assets in the blockchain sphere today.
Cardano tops the list of the 5 top cryptos to buy and hold in June 2022 as the cryptocurrency hit several key milestones last year. ADA has significantly surpassed the 20 million transaction mark with no downtime in over 1,500 days of operation. Currently, the ADA token is held in more than one million digital wallets worldwide.
Consistent upgrades have proven that Cardano is one of the most active digital assets in the crypto sphere. With Alonzo, smart contracts were introduced to the blockchain, allowing developers to build decentralized apps and enter the world of DeFi and NFTs. Developers are developing new projects, including an NFT marketplace and an exchange for decentralized finance transactions. The soon-to-be-implemented Vasil hard fork will further improve network throughput and thus lower transaction costs. Therefore we recommend buying ADA in June 2022 and holding it for a while.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Binance Coin (BNB)
The future of Binance seems to hold lucrative possibilities, making BNB the top crypto to buy and hold in June 2022.
BNB is the native cryptocurrency of Binance, the world's largest cryptocurrency exchange. Binance is one of the top cryptos as it has several successful decentralized projects influencing the rapid evolution of the cryptocurrency space. This token is exceptionally suited for mass adoption as it is easily tradeable with other digital assets.
Moreover, the Binance ecosystem goes beyond the exchange to include the Binance Chain, Binance Smart Chain (BSC), Binance Academy, Trust Wallet, Binance Research, and Binance Launchpad projects, which leverage blockchain technology to facilitate various financial services.
Many upcoming alliances and partnerships for Binance will surely push the price of the BNB coin in the near term. Based on the team’s recent announcements regarding token launches, the launch of the world’s most popular curated NFT marketplaces, and much more, the overall Binance ecosystem is expected to grow tremendously in the coming years.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Chainlink (LINK)
Thanks to its interoperability, Chainlink is one of the top cryptos to invest in now.
Chainlink is an open-source, decentralized oracle network that combines off-chain data with the on-blockchain smart contracts. The purpose of the oracle network is to work as an aggregator and a provider of real-world data to the blockchain ecosystem.
The network integrates data providers and smart contracts, making it seamless for users to access information on the blockchain. Moreover, Chainlink’s functionality is market-leading, and the network behind it provides Proof of Authority consensus. Being a well-thought-out blockchain has positioned LINK as one of the 5 top cryptos to buy and hold in June 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Despite the market downturn, cryptocurrencies are not going anywhere anytime soon. Therefore, have your fair share in this lucrative market by considering these 5 top cryptos to buy and hold in June 2022.
Read More:
The 5 Best Ways to Buy Cardano (ADA)
The 5 Best Ways To Buy Binance Coin (BNB)
The 5 Best Ways To Buy Chainlink (LINK)
15 Most Promising Cryptocurrencies To Invest In
Best Cryptocurrencies To Buy For The Upturn