If You Are Looking For Cryptocurrencies To Buy And Hold For Years, These Ten Are The Best.
Cryptocurrencies can be highly volatile investments short term. However, if you look at their price action over a prolonged period, it becomes clear that they are good investments. In fact, they are much better than conventional assets such as stocks and real estate. Based on this understanding, we have compiled a list of the 10 best cryptocurrencies to buy and hold in 2022 and beyond.
Bitcoin is the largest cryptocurrency by market capitalization. It has also proven to be one of the best assets to buy in the past decade. In 2009, Bitcoin was trading at less than $1. Today, Bitcoin is trading at $40k, and that's after a correction from its November 2021 highs of $69k. Anyone who invested just $1000 in Bitcoin back in the early 2010s is now a millionaire. Given that Bitcoin is getting scarce over time and its demand is rising, the chances are that it could go higher. This makes Bitcoin a top cryptocurrency to buy and hold long-term if you want to build wealth.
Check Out: Bitcoin (BTC) Price Prediction
Ethereum is the king of Dapps, and most tokens in the market run on the Ethereum blockchain. Ethereum is currently in the process of a transition from Proof-of-Work to Proof-of-Stake and this comes with a lot of advantages. Among them is a coin burn that will reduce Ethereum token supply going into the future. Due to the high demand for the Ethereum blockchain, a token burn will likely see the price of ETH go up over time. For this reason, Ethereum makes it to the list of cryptos to buy and hold long term.
Don't Miss: Ethereum (ETH) Price Prediction
Avalanche has been one of the best performing cryptocurrencies in the past year. Today, it boasts one of the largest ecosystems of DeFi and NFTs in the market. Avalanche's fast rise has a lot to do with its core capabilities. For instance, it can handle up to 4500 transactions per second, and it has some of the lowest costs in crypto. This guarantees Avalanche's long-term growth and makes it one of the best cryptocurrencies to hold for the long-term.
Read Also: Avalanche (AVAX) Price Prediction
Terra is a cryptocurrency that is used for the launch of algorithmic stablecoins. The goal is to have an ecosystem of stablecoins that have the stability of fiat money and the censorship resistance of blockchain technology. Since LUNA backs these stablecoins, their adoption guarantees long-term value growth. It makes LUNA one of the best cryptocurrencies to buy and hold in 2022 and for years to come.
Don't Miss: Terra (LUNA) Price Prediction
Binance coin is one of the cryptocurrencies that have held value pretty well since it launched. Binance Coin's success has a lot to do with its tokenomics. Binance coin has token burns every quarter, which has put upside pressure on the price over time. Given that BNB token burns are expected to continue for the next 5 to 8 years, the Binance coin is a crypto to buy and hold for years.
Check Out: Binance Coin (BNB) Price Predictions
Cardano can't miss among the top 10 cryptocurrencies to buy and hold long term. Cardano has gained popularity for its security, decentralization, and fast transaction speeds. Cardano recently introduced smart contracts, and projects are already building on top of it. As adoption grows, demand will increase, making ADA a cryptocurrency to buy and hold long-term.
Read Also: Cardano (ADA) Price Prediction
Solana is a platform blockchain known for its high transaction speeds, up to 50k transactions per second. Solana's fast transaction speeds have led to its growing adoption in DeFi and NFTs. As more projects launch on Solana, its value will likely go up. If you are looking at cryptocurrencies long-term, Solana is one of the best cryptocurrencies to buy now.
Don't Miss: Solana (SOL) Price Prediction
Polkadot is a blockchain designed to interconnect other blockchains. It is one of the cryptocurrencies that are anchoring the web 3.0 explosion that is just starting to take off. Since the number of projects running on Polkadot is growing, DOT is one of the cryptocurrencies to buy and hold long term. Its odds of success are quite high.
Read Also: Polkadot (DOT) Price Prediction
Chainlink is a cryptocurrency that connects smart contracts to the data they need to function. Chainlink controls more than 65% of the decentralized data oracles market. This makes it hard to dethrone and by extension, a safe cryptocurrency to buy and hold long term.
Check Out: Chainlink (LINK) Price Predictions
eToro — The Best Platform To Buy Cryptocurrencies
Open an account with eToro, deposit some funds with USD, and finally – buy cryptocurrencies for just $10.
Virtual currencies are highly volatile. Your capital is at risk.