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July 27, 2022

Cryptocurrencies That Are Good For Long Term Holding

To buy crypto in India, people want to know which cryptocurrency is the best. Be it for the short term holdings or long, investors are keen to find out both and build their portfolios accordingly. At present there are around 20,000 cryptocurrencies in the market and to buy crypto in India, we considered more factors than just the coin’s price and historical performance to determine the greatest long-term cryptocurrency investment for 2022. To determine their sustainability, we examined their foundations and application. To evaluate important aspects like its security, we also examined the blockchain’s architecture and thoroughly investigated its creators, tokenomics, market value, and a variety of other indicators.

Among all cryptocurrencies and after considering the opinions of experts, here are some of the cryptocurrencies that are good for long term holding.

1.      BITCOIN

By far the greatest long-term crypto investment is Bitcoin. It is the first cryptocurrency, and although being created to replace fiat currencies, it has been extensively used as a store of wealth and a hedge against conventional assets. Despite its very erratic price action, it has piqued the imagination of investors, as shown by Bitcoin’s increasing domination. Granted, some of them caused it to stumble, resulting in very volatile market collapses. But BTC always returns, demonstrating its durability and dependability as a long-term investment.

Another element that makes it a strong long-term investment is that it solves a genuine and pressing global problem: inflation. Bitcoin’s value is predicted to rise when more of these events take place. Some optimistics believe that BTC will surpass $1 million by 2030.

2.      ETHEREUM

Ethereum debuted in 2015 and has since grown to become the biggest smart contract platform. It is also the biggest DeFi platform, as well as the home of the majority of developing crypto technology. From dApps to DeFi applications, NFTs to Meme currencies, and Decentralized exchanges to Web3 apps/programs, there is something for everyone. It has evolved into the de facto blockchain internet. Much of this will be determined by the rate of development on the Ethereum network, particularly the planned Ethereum 2.0 upgrade. The update, known colloquially as the Merge, will aid the Ethereum blockchain’s move to the proof of stake consensus process.

Sidechains and layer 2 protocols, all of this has the overall effect of increasing demand for ETH tokens while slowing supply. These will assist ETH in resuming and exceeding its all-time high, proving why it is a strong long-term crypto investment.

3.      SOLANA

The most rapidly expanding smart contract platform is Solana. It has only been operational for two years, but during that time, the Solana ecosystem expanded rapidly, its user base and popularity rose, developer activity on the network exploded, and the values of SOL tokens increased by more than 13000%. The goal of Solana is to demonstrate the viability and future of its blockchain which is one of the main arguments in favor of adding it to your list of the finest long-term cryptocurrency investments. It has accelerated the expansion of its ecosystem in order to do this.

It is home to a number of metaverse initiatives including well-known meme currencies like Samoyedcoin. It runs a number of decentralized exchanges, is home to a number of dApps, and supports the creation and deployment of Web3 applications and programs.

4.      LITECOIN

Litecoin is often compared to digital silver whereas Bitcoin is compared to digital gold. Litecoin is one of the earliest cryptocurrencies in the top tier of market capitalization and has many characteristics with Bitcoin. With a maximum supply of 84 million LTC, Litecoin is four times more plentiful than Bitcoin. A speedier method for transmitting and receiving, Litecoin also reduced the block creation time from 10 minutes on the Bitcoin network to only 2 12 minutes. The litecoin graph shows that cryptocurrency has seen significant volatility; yet, the Litecoin market has repeatedly shown its ability to survive the storm. While crypto has suffered in 2022. Because of this, Litecoin will once again be a wise investment for anyone prepared to take the risk as soon as this law is established.

With these cryptocurrencies, you can expand your long term portfolio.


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