With a current market capitalization of over $812 billion, the cryptocurrency market continues to captivate investors worldwide. Despite recent declines across financial markets, where the market cap was once over $3 trillion at the start of the year, the crypto industry’s dynamism remains unparalleled.
In fact, experts believe that the crypto market has only scratched the surface of its potential and could surpass the combined volume of all existing markets in the long run.
However, for those seeking to achieve financial stability through crypto investments, navigating the vast array of digital assets can be daunting, particularly for newcomers to the crypto market. It may sometimes be a very challenging task to identify suitable long-term investment options.
So, in this post, we will explore a selection of crypto-assets that have promising potential for generating substantial returns over time. You can also check the list of the best launchpads on the Chainbroker information portal.
The Top Crypto Assets to Buy for Long-Term Investment
Bitcoin
For a long time, Bitcoin will remain the most valuable and profitable in the long run. Because it is one of the very first cryptocurrencies, the stability, and turnover of money within the asset are much higher. Almost every important crypto exchange trades this crypto, in some countries it is accepted as regular currency and it has many other advantages.
Ethereum
This currency has become one of the leaders in terms of exchange rate growth against the dollar. A few years ago, in the mid-summer of 2020, about $300 was paid for one ether, and today this figure has increased 10 times. And this figure is gradually growing.
The key advantage of Ethereum is the use of the currency’s support for full-fledged smart contracts (a unique computer algorithm). It allows conducting transactions without the influence of third parties. And thanks to the use of the blockchain, the human error factor is completely eliminated.
Tether
Everything works a little differently here. Unlike the previous ones, it operates at the expense of reserves of a certain fiat currency, while Bitcoin and ether use the blockchain. The use of other people’s decentralized systems does not stop people from using the currency at their own discretion, including for trading on the exchange. The dollar, euro, yen, or even a gold token can be used as a fiat currency.
Binance Coin
The currency of the Binance exchange, which is used to pay trading commissions, as well as in exchange offers on the Binance Launchpad platform is seen as an alternative to both Bitcoin and Ethereum. BNB’s growth comes on the back of its growing popularity in the DeFi space on the Binance Smart Chain blockchain.
Analysts note the stable build-up of Binance Coin liquidity over time, with no rapid ups and downs. This shows little sign of the currency’s value being artificially inflated or having some frenzy of demand impacting it. April 12, the value of the token Binance Coin reached a historic high – $ 638 (although at the beginning of March, the currency was sold for $ 250), and the gap in capitalization with its main competitor – Ethereum record shrinking.
Stellar
SDF currency appeared in 2014 to support the activities of a network of financial products and services based on Stellar blockchain technology. The currency uses a protocol developed by Ripple Labs and is a so-called fork, a new currency based on existing code. It now has dozens of financial institutions and a user base of more than 4.7 million people.
Ripple
Lawsuits seem to be behind Ripple’s payment system and it is actively catching up in a dispute with the U.S. Securities and Exchange Commission (SEC).
- In December 2020, the SEC accused Ripple and its executives of raising more than $130,000,000 by selling unregistered securities under the guise of XRP coins.
- The cryptocurrency plummeted to $0.17 amid the proceedings, and Coinbase and several other U.S. cryptocurrency exchanges refused to work with it.
- However, after the SEC upheld the legitimacy of selling the tokens in March and exchanges returned to trading them, the rate rapidly went up and rose nearly tenfold in a few months.
Ripple is a digital payment and processing system created by U.S. technology company Ripple Labs. It aims to provide banks and payment systems with real-time, low-cost tools for cross-border money transfers, potentially becoming an alternative to the SWIFT system.
Accordingly, the XRP token is a cryptocurrency that exists only in the Ripple system. Unlike Bitcoin, Ripple cannot be mined: there is a stable amount of 100 billion XRP in circulation. Also, while Bitcoin and Ethereum were created to bypass the banking system, XRP, on the contrary, is positioned as an effective tool for financial institutions. More and more banks are increasing their investments in XRP along with other existing assets.
Final Note
Of course, you already know the importance of investing in cryptocurrency as it carries a host of advantages over fiat currencies and other investment ventures. And in this post, we have shown you some of the best cryptos you can consider if you are looking to invest in cryptocurrency for a long-term purpose. Just check through all of them and choose one that best suits your need and portfolio.