Here are the best cryptocurrencies to hold over the long run.
It is natural for investors to be concerned about the price movement of digital assets as the crypto market can be quite volatile. Following a terrible bear market run, many start to research which cryptos to put their hands on for the next great bull run.
Buying good tokens and holding them is one of the best ways to profit from crypto. However, while purchasing cryptos and selling them rapidly can pull some quick returns, you wouldn't want to do the same thing short-term investors did to BTC (Bitcoin). Among all the other cryptos, Bitcoin has been notoriously recognized for having a great bull run, followed by the crypto winter months right after reaching a record high.
Many crypto analysts believe this is a great time to purchase cryptos and hold on for dear life (or hodl) before prices eventually make their way up. Keeping that in mind, today, we will look at three cryptos to hodl in 2022.
Bitcoin (BTC)
Being a veteran crypto, Bitcoin is still one of the most well-known cryptos around the world. Since its 2013 price hike, it has steadily risen along with minor crashes.
As the first digital asset that created our current crypto ecosystem, the crypto has gained a massive underground following for years. These investors saw BTC as a future beacon of the digital monetary system. Today, Bitcoin is a well-known household name given the urgency of governments and institutions to develop different ways to serve the demand for exposure from the customers' end.
Since Bitcoin's prominent bull run in 2013 before eventually crashing down again, the platform has garnered some doubts from several investors. However, it slowly began to rise again, reaching multiple highs over the years.
Bitcoin's instability in price is yet another sign of just how volatile the crypto market is. Nevertheless, knowing how the market is, many people see it as a sanctuary asset as it has become one of the best-performing assets in recent times.
While it's impossible to predict the future status of Bitcoin precisely, it is still worth holding on to this crypto for the next bull run. You might be hesitant to purchase any crypto at the moment, but this recent crash can prove to be a great investment opportunity if the coming run follows the pattern of recent years.
Bitcoin is undoubtedly a forerunner in revolutionary technology, and the platform has become less risky today compared to how it was a decade ago. Granted that its volatility poses great concern. However, with the growing interest of governments and institutions to enter the market, BTC is a significant asset and one of the best cryptos to hodl in 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polkadot (DOT)
Polkadot is somewhat of a new player among the vast population of digital assets. But that doesn't stop the platform from gaining tons of traction, especially in recent months. Intending to integrate various blockchains, it has continuously benefited from any boom due to its interconnectivity.
Polkadot is a blockchain-based open-source technology developed by the Web3 Foundation. The foundation is committed to creating an open-source, decentralized web that's user-friendly and fully functional.
In recent years, the platform has acquired massive growth, becoming a top high-performing crypto asset in the past year. This is accredited to Polkadot’s delivery of several trading tools and advanced tech to the crypto space. The native token DOT has already witnessed impressive growth in the past year, and crypto experts are anticipating another great run.
Another contributing factor to DOT’s value spike is its blockchain development. To be more precise, the expansion of their DeFi sector is considered a massive milestone for the team. Furthermore, many tech-savvy people continue to migrate to this blockchain as they launch their own crypto projects via the platform. Therefore, the project has successfully managed to capture investors, traders, and developers alike.
While the platform isn't as well-known or popular as Bitcoin, there is much anticipation for the success of Polkadot from investors and experts alike. Thus, it is one of the most promising newcomer cryptos to hodl for the coming years.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tether (USDT)
The cryptocurrency called Tether is based on the blockchain tied to the US Dollar. Financial firms hold physical money reserves, bond funds, treasury notes, and other valuables that can be used as security or collateral. Unlike their cryptocurrency cousins, Bitcoin and Ethereum, stablecoins usually have a 1:1 link with the US Dollar and are much less unpredictable.
The initial tokens of Tether were released on the Bitcoin system in the year 2015. It was among the earliest booming stablecoins and the first cryptocurrencies. It was not just innovative technologically but also featured a distinguished group of pioneers and developers, such as Brock Pierce, director of the Bitcoin Foundation.
Tether coins are still being created despite the backlash, as demands are still rising. To address the exorbitant fees, sluggish performance, and lack of scaling of the Ethereum network, Tether was newly introduced on Polygon, which has grown enormously famous in its own right. Furthermore, according to Crypto Briefing, to add to Ethereum, Algorand, and Solana, there are other smart-contract networks where Tether is already operational.
Tether provides unique benefits and thus, holds the potential to become one of the best cryptos to hodl in 2022, right before the next boom.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
In Conclusion
The market needs long-term investors right now. People who put their money in projects that they have faith in to allow it the time and space to grow into something that would result in a long-term ROI. Therefore we recommend you to invest in any of these cryptos to HODL them for a long time and generate a solid income source.
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