Investing in cryptocurrency can be daunting for even the most experienced investor. But, before you start investing in cryptocurrencies, it’s essential to understand that many risks are involved. Cryptocurrencies are a very new asset class, and their long-term viability is still unknown. However, there can be significant rewards for those willing to take on the risk. However, there has never been a better time to invest in cryptocurrency with the recent influx of institutional investors. While the market is still young, there is a lot of growth potential.
That being said, cryptocurrencies have been around and have shown signs of stability and potential for long-term growth. This article will discuss the top 12 best long-term altcoins that you can invest in for the long run.
Also, if you’re still on the hunt for a great crypto exchange, we’ve got 5 of the best to check out right here.
Benefits Of Investing In Crypto
In terms of investment, there are several options. But have you ever thought of making a crypto investment? Cryptocurrencies have come a long way in recent years and show no signs of slowing down. Here are just a few benefits of investing in crypto:
- The Future of the Global Economy
Crypto is still in its early stages but has already shown immense promise. As the world embraces crypto, we can expect to see even more benefits for the global economy. The crypto market is global, in contrast to stock exchanges. With cryptocurrency, anybody may invest in ventures around the globe. Everyone has an opportunity to invest as it offers a new way of investing.
- Diversification of Investment Portfolio
Investing in cryptocurrencies can also be a way to diversify your portfolio and explore new asset classes. With the rise of digital assets, there is an increasing demand for ways to invest in them. Crypto provides a unique opportunity to get in on the ground floor of a new and exciting asset class.
- Great Return on Investment
Because crypto has excellent potential for development, significant returns are one of the main benefits of investing in them. But also, cryptocurrency investments may come with dangers like any other type of investment. For example, the market’s volatility can lead to significant losses in a short period.
But the decent return on investment you get from cryptocurrency is superior to other options. Also, new currencies are often introduced, and many see sharp increases in value. For these reasons, crypto is an attractive investment option you should consider.
Top 12 Best Long Term Altcoins
Enjin Coin is a cryptocurrency that is used on the Enjin platform. The Enjin platform is a gaming platform that allows developers to create and manage virtual goods. You can create, manage and trade these virtual goods using Enjin coins.
The Enjin Coin platform allows developers to create blockchain-based games and other applications. It is built on the Ethereum blockchain and is ERC-20 compliant. Enjin Coin has the potential to revolutionize the gaming industry. Virtual goods are becoming increasingly popular. Also, managing and trading them on a blockchain will make the gaming industry more efficient and secure.
Enjin Coin could also be used to create other types of virtual assets, such as digital art (NFT) or virtual real estate. The possibilities are endless. With Enjin Coin, players can own their in-game items and have actual ownership of their digital assets. Also, game developers can create virtual economies linked to the real world. This could lead to a more stable and sustainable gaming industry.
Cronos (CRO) is the native token of the Crypto.org Chain and Crypto.com, a cryptocurrency platform that offers various services. The services include the ability of users to own credit cards, invest in NFTs, and a crypto wallet. In addition, Crypto.com also supports cryptocurrency trading, staking, and swapping.
In February 2022, CRO underwent a rebranding to reflect the company’s shift to its current identity. It is now the native token of the Cronos ecosystem of Web3, NFT, and metaverse solutions developed on top of it.
The CRO token has the potential to revolutionize the way we use and interact with cryptocurrencies. It is an ERC20 token, which means it is built on the Ethereum blockchain. The primary use case for the CRO token is to pay transaction fees on the Crypto.com platform. It can also be used to stake on the platform, which allows users to earn rewards for participating in the network.
Decentraland is a virtual reality network powered on the Ethereum blockchain. Users may utilize the platform to develop, experience, and monetize their content and apps.
Users may also buy virtual pieces of land as NFTs on the site using the Mana cryptocurrency. Mana is primarily utilized as in-game money, and users may use it to buy and sell goods within the game.
Solana is the world’s quickest blockchain and the fastest developing crypto ecosystem. It makes use of SOL as the native cryptocurrency. Their scalability guarantees that transactions for both developers and consumers stay low.
The critical feature that distinguishes Solana from other blockchains is its Proof-of-History consensus algorithm. This allows for the procession of transactions at high speeds without sacrificing security. Furthermore, because of its network, your transactions are always secure. With its potential to provide scalability solutions for blockchains, Solana could play a significant role in the development of the blockchain industry. As the blockchain ecosystem continues to grow and evolve, Solana will be one to watch.
Uniswap is a decentralized protocol that allows users to swap ERC20 tokens. The protocol is powered by Ethereum smart contracts and uses a novel liquidity pool model to enable users to trade directly.
One of the critical features of Uniswap is that it does not require users to deposit their tokens in a centralized exchange. Instead, users can directly swap their tokens with each other through the Uniswap interface. This makes Uniswap a far more decentralized and trustless platform than traditional centralized exchanges. Another critical feature of Uniswap is that it is entirely decentralized and open source. This means anyone can audit the code and use the protocol.
XRP is the native cryptocurrency of XRP Ledger, an open-source, public blockchain that aims to make payments quicker and cheaper. Using XRP as a bridge currency ensures the success of cross-border transactions in lesser time at a low cost.
XRP is a digital asset with great potential. It has many features that make it attractive to investors and businesses. It is scalable, meaning it can handle more transactions than other digital assets. Also, it serves as the on-demand liquidity (ODL) source for RippleNet, a network of financial institutions that facilitates global transfers.
7. FTX Token
FTX token is an Ethereum network-based utility token that uses the ERC-20 standard. In the platform ecosystem, the token serves several purposes. Its owners have various benefits, including paying less for community service on the platform.
Also, users may benefit from cheaper costs and socialized earnings from the insurance fund. FTX token serves as the backbone of the FTX ecosystem, which enables the exchange of tokens between users.
Polkadot is a token you can buy or sell on exchanges like Coinbase. The Polkadot protocol ensures safe networking across independent blockchains. This uses parachains which are quick and scalable to offload most of the processing demand of the primary blockchain.
It is a governing token that gives owners a vote in the protocol’s direction, which enables its usage for staking. This is how the Polkadot network validates transactions and generates new DOT.
9. Shiba Inu
Shiba Inu is an ERC-20-based token that powers the Shiba ecosystem. This meme currency has supporters on Twitter who total over 1.2 million.
Shiba Inu is a decentralized cryptocurrency that was created with the Dogecoin blockchain. It has a very high potential due to its low supply and growing demand. With Shiba Inu, anyone can send and receive money without a bank or middleman.
Ethereum is a decentralized system that facilitates the execution of smart contracts. It is an application that performs precisely as planned, with no chance of fraud or third-party influence.
Ethereum could help create a decentralized internet where users are in control of their data. It enables the development of decentralized applications (dApps) that run on a blockchain. There are endless possibilities for what Ethereum can do. However, we are only beginning to scratch the surface of its potential. As Ethereum continues to grow and evolve, we may see even more transformative applications of this technology.
11. Bat Token
The BAT token is the native token of the Basic Attention Token ecosystem. The token tips content creators, pay for advertisements, and power the Brave browser.
The token has the potential to upend the online advertising industry by changing the way that advertisers and publishers are paid for their attention. In addition, the token can potentially reduce fraudulent activity in the online advertising industry and increase the efficiency of ad spending.
BNB (Blockchain Network Bitcoin) is a utility token that powers the BNB Chain ecosystem. Not only can you use BNB in a wide range of applications, but you can also trade BNB like any other cryptocurrency.
BNB has a lot of potential as a cryptocurrency. First, it has a large and active community behind it. Second, it is backed by a real-world asset, which gives it stability and low transaction fees.
Top 3 Crypto Exchanges In 2022
Uphold is considered to be one of the safest ways to buy cryptocurrency by many digital asset experts. Since launching in 2014, Uphold has maintained an exemplary reputation for security among its customers. The site is unique in the sheer amount of assets it offers. You can get started on Uphold here.
- Available in more than 180 different countries
- Transactions sent between Uphold users are completely free
- Huge list of cryptos available
- Fees are unclear in certain buy and sell spreads
2. Binance US
Binance US is a cryptocurrency exchange for U.S. residents that allows users to buy, sell, and trade supported cryptocurrency. Binance US also offers “staking,” or lending of several cryptocurrencies, paying users interest for lending their crypto assets. They have a wide list of cryptos available and super low trading fees. You can get started on Binance US here.
- Great looking interface on desktop & mobile
- Beginner friendly
- Low trading fees
- Fewer crypto-to-crypto currency pairs than global Binance site
If you’re looking for an affordable, all-in-one cryptocurrency platform, Crypto.com might be right for you. The more Cronos (CRO) you’re able to stake, the more benefits you’ll get from this exchange. They also have a huge list of cryptos available. You can get started on Crypto.com here.
- Wide list of crypto available
- Low trading fees
- Staking available
- Lack of educational resources
Regarding long-term investment potential, the coins mentioned above are the top 12 best altcoins in the market. Despite their volatility, each of these coins has shown significant growth in the past.
They are also expected to continue growing in the future. Therefore, investing in any of these coins would be a wise long-term decision.