Here are the top cryptos to buy now for long-term returns.
The crypto market has been down over the past couple of months. The industry has yet to recover from the widespread crash that began a few weeks ago, and investor sentiment remains mixed. Despite the slump in prices, the current space presents an opportunity for investors to buy the dip.
In such turbulent market climates, it's smart to adopt the dollar-cost-average investment strategy, in which investors make regular, smaller investments throughout the year instead of all at once. Therefore, we have listed 6 cryptos that will yield positive returns through a dollar-cost-average investment over the next three months.
Bitcoin (BTC)
Launched in 2009, Bitcoin is the ‘father’ of all cryptocurrencies. It is the world’s largest and most popular crypto. After reaching its all-time high of $68,990 per token in November 2021, the value of Bitcoin has substantially decreased in the past few months.
Bitcoin has dominated the bear market for over a decade. Despite the launch of several altcoins, BTC did not lose out on its value or credibility. It is the most traded cryptocurrency in the world due to its easy accessibility, lucid nature, justifiable volatility, and promising future.
Those who don’t have a lot of experience trading cryptos might think of this as a ‘red flag,’ but it’s actually a dream come true for long-term investors. Bitcoin has stood the test of time on multiple occasions and has always managed to come back on top of the crypto market. Therefore we highly recommend dollar-cost-averaging this crypto over the next three months.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
As the second-largest cryptocurrency in the world after Bitcoin, Ethereum does not need any formal introduction. This blockchain is the most used network for decentralized apps (dApps) due to its robust smart contract functionality that eliminates the need for a middleman, making the transactions fully decentralized.
In the last few months, Ethereum has been criticized for its high gas fees, but the developers have found a way to fix this – by switching from Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, which is considered much more efficient. Not only will The Merge increase the blockchain’s scalability, but it will also reduce the gas fees.
This upgraded version of Ethereum will release in August 2022, which is why ETH is one of the 6 cryptos that you should dollar-cost-average into over the next three months.
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 a crypto with one of the most cutting-edge technologies in the community. It plans to fix both Bitcoin’s scaling issues and Ethereum’s smart contract deployment features.
After updating its network in late 2021, Cardano has increased the number of smart contracts based on its blockchain, making it a worthy competitor to Ethereum. Apart from smart contracts, it has also released other features like token creation. ADA has had one of the best performances last year (around a 720% increase in value).
Notably, ADA prices have fallen over the past few weeks. But, Cardano is likely to significantly rebound now that it is gaining market share in the smart contract arena and the NFT (non-fungible tokens) marketplace. If all goes as planned with the smart contract developments, there is a high chance that it will end up as one of the most profitable coins in 2022. This is why ADA is one of the 6 cryptos you should dollar-cost-average into over the next 3 months.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL)
Solana is an open-source crypto project that incorporates blockchain technology to build solutions to decentralized finance (DeFi). The project has insane scalability capacities, which allow transactions to cost less than $0.01 for users and developers.
Aside from being extremely quick and cost-efficient, it is also resistant to censorship, which means that the network will always be open for new apps and transactions.
Solana has been continually reaching new all-time highs ever since it was launched, capturing the attention of every investor in the community. For the following months, experts predict there will be around a 400% increase, making it a prime candidate for a dollar-cost-average investment for the next 3 months.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Dogecoin (DOGE)
Dogecoin has undoubtedly been one of the top-performing cryptocurrencies during the last 18 months and is still regarded by many to be the best crypto under $1.
Dogecoin has had a volatile past, with incredible highs followed by dramatic lows. Ultimately, its creators never expected the coin to generate the mass appeal that it has – and most market analysts didn’t expect the currency to sustain this appeal.
Currently, DOGE is trading at bargain prices. When the rebound comes, there won’t be any chance to buy in at these prices. That’s why it makes sense to dollar-cost-average into the price over the next three months.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
Because it is a layer-2 platform that greatly reduces Ethereum transaction costs, Polygon is one of the cryptos that play an essential role in the Web3 infrastructure. It was originally designed to support infrastructure development and make Ethereum’s scaling process quicker.
Ethereum’s impending “Merge” led many traders to believe Polygon would lose its value. However, that was not the case. Instead, the developers have announced that they will release ZK rollups that can be incorporated into Eth 2.0 and bring additional scaling potential.
That is a good enough reason for investors to begin a dollar-cost-average campaign over the next three months. This will allow them to take advantage of any rebound in the crypto, which is likely to happen once it starts.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Read More:
The 5 Best Ways to Buy Cardano (ADA)
The 5 Best Ways To Buy Polygon (MATIC)
15 Most Promising Cryptocurrencies To Invest In
9 Cryptocurrencies With Better Investment Potential Than Bitcoin