This Is The Best Time To Buy These 3 Long-Term Cryptos

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Last Updated October 18th 2022
5 Min Read

This Is The Best Time To Buy These 3 Long-Term Cryptos - Our Picks 

Bitcoin - Invest in the future of crypto by investing in the flagship crypto asset Bitcoin 

Ethereum - Buy and HODL ETH, the largest altcoin, for long-term returns 

Cardano - Invest in ADA, one of the hottest environment-friendly cryptos, today 

 

A Closer Look At The Top 3 Long-Term Cryptos To Buy Now

Cryptocurrencies have taken a rather paradigm shift recently and have disrupted the traditional financial system for good. However, volatility makes investing in cryptocurrency a bit risky, so it’s necessary to understand what you’re getting into before buying it. Most cryptocurrency experts plan for the long-term rather than the short-term profits. 

Many analysts and industry experts believe that now is the time to buy these 3 long-term cryptos; Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA).

Bitcoin (BTC) 

Bitcoin is the largest cryptocurrency in the world by market cap. You can use it to make purchases online and off, or, if you are like most bitcoin investors, view it as one of your buy-and-hold assets in your investment portfolio. It has become more of a safe-haven investment than a currency, earning it a place within your long-term cryptocurrency portfolio.

Bitcoin got a boost in 2021 when Tesla CEO Elon Musk announced the company had purchased $1.5 billion worth of and later that it would accept bitcoin as payment for its cars.

Although Musk rescinded shortly after, citing environmental concerns, and ultimately sold off most of Tesla’s bitcoin holdings, plenty of other companies, including Microsoft, PayPal, The Home Depot, and Rakuten, accept bitcoin as payment, albeit indirectly in some cases.

Other businesses are adding bitcoin to their investment holdings. And in September, Colorado became the first state to accept bitcoin for tax payments.

After reaching an ATH of nearly $70,000 in 2021, Bitcoin declined in 2022 following uncertain economic conditions due to inflation and price hikes. Currently, BTC is trading at $19,381 in October 2022- more than a 50% decline since the start of the year. Some market analysts have offered Bitcoin price predictions for 2025 and 2030 in which they forecast that BTC could hit highs of $65k again.

Without a doubt, Bitcoin is a volatile asset. However, BTC has been the best-performing investment asset for the last ten years, and a recent network upgrade to add functionality will make the platform more useful and could make the coin more valuable. As all cryptocurrencies can be volatile, if you’re looking for a long-term hold, sticking to the first and most valuable crypto can make sense.

buy bitcoin

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ethereum (ETH) 

ETH ranks as the second-largest cryptocurrency by market cap. Ethereum is the name of both a blockchain platform and the platform’s native cryptocurrency. The token can be used as a store of value, which is bitcoin’s strength, but Ethereum has emerged as one of the best platforms for decentralized apps, also referred to as dApps.

In fact, it has become a favorite platform for developers because of its support for applications such as smart contracts, which automatically execute a function when specific conditions are met.

Ethereum recently completed an upgrade, widely referred to as The Merge, that transitioned the network from a proof-of-work protocol to a proof-of-stake protocol. The upgrade is expected to improve the scalability, security, and sustainability of the network, according to the Ethereum website.

Some analysts doubt The Merge will have a bullish effect on ETH, and in fact, ETH actually dropped in the days following the upgrade despite a buying frenzy earlier in the summer that drove the price up more than 50% over the course of a week, Finbold reported at the time. However, overexuberance likely contributed to that surge and made a correction inevitable.

Now that ETH mining is a thing of the past, staked coins are yielding about 4.5%, prompting Citi® to declare that ether has become a yield-bearing instrument, Coindesk reported. What’s more, coins could become more scarce. On The Merge’s first day, for example, the network burned more in fees than it issued to validators, resulting in a decrease in the total coin supply.

Goldman Sachs has taken notice of investor interest in ETH. It plans to offer Ethereum options trading, just as it allows for bitcoin. These factors make ETH one of the top 3 long-term cryptos to buy now. 

buy eth

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Cardano (ADA) 

Cardano is another cryptocurrency to invest in for the long term. Notably, the coin’s bear market performance has been in shambles. Cardno founder Charles Hoskinson earlier tweeted: “Cardano could cure cancer … and we’d still fall." However, the platform gained a strong foothold while it had one major benefit over Ethereum: a proof-of-stake protocol.

Whereas prior to The Merge, Ethereum used an older proof-of-work protocol for verifying transactions and protecting the integrity of the network, Cardano’s proof-of-stake protocol served a similar function but is faster, cheaper, and more energy-efficient.

Although Ethereum’s upgrade to proof-of-stake might level the playing field — and flood the market with proof-of-stake assets — Cardano’s popularity among decentralized application developers could keep demand high for its ADA token.

In the 24 hours following Cardano’s recent “hard fork,” or change to its protocol, over 100 smart contracts were deployed on the network, according to CoinMarketCap, and it has experienced exponential growth since then. 

Cardano has grown immensely over the past years, but it still has a lot of potential and room for growth, making it one of the top 3 long-term cryptos to buy now.

buy cardano

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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