Top 10 Cryptocurrencies to Invest in for Long-Term Growth
Over the past few years, cryptocurrency has taken center stage as an investment option for many, who now see it as a way to diversify their portfolio and earn extraordinary returns. However, there are so many cryptocurrencies you can put your money into that it becomes tough to make a choice between them.
In this article, we’ll take a look at the top 10 cryptocurrencies to invest in for long-term growth.
But before we dive into the list, let’s first define what cryptocurrency is and why it’s become so popular.
Cryptocurrency: A Basic Definition
Cryptocurrency is a new form of digital money that uses codes to protect transactions and is not regulated by any central authority, such as a government or bank.
Since cryptocurrencies are the subject of the described transaction, the process is reflected in a public registry called a blockchain, which contributes to its authenticity and protection.
Why is cryptocurrency popular?
As to the causes that explain why cryptocurrency is so popular today, there are many of them. Some of the most significant advantages of cryptocurrency include:
- Decentralization: Cryptocurrency is not regulated by any government or any financial organization, and that is called decentralization. This puts more power in the hands of the user in relation to their money and more openness to making transactions.
- Security: Cryptocurrencies’ exchange is done through a ledger known as a blockchain to ensure the genuineness of the transaction.
- Accessibility: Through the use of the internet, anyone in this world can use cryptocurrency, regardless of their financial status.
- Potential for high returns: Thus, more specifically, investing in the cryptocurrency can be quite profitable due to the high volatility of the rate, which can equally affect the purchase of coins at the correct moment.
Top 10 Cryptocurrencies to Invest in for Long-Term Growth.
Now that we’ve covered the basics of cryptocurrency and its advantages, let’s take a look at the top 10 cryptocurrencies to invest in for long-term growth.
1. Bitcoin (BTC)
Bitcoin is the most popular cryptocurrency and has the highest market capitalization of well over $1 trillion. It has properties of a store of value and was launched more than ten years ago, which can be considered rather safe. You always trade your bitcoin with Vintage Confluence.
2. Ethereum (ETH)
Ethereum is the second most popular digital tender after Bitcoin and has a stated market capitalization of more than 500 billion dollars. It forms the basis of DeFi and is used for almost every admissible purpose, which makes it ideal for investors who are in it for the long haul.
3. Solana (SOL)
Solana is one of the most efficient blockchains, optimized for speed and low cost. It is relatively new in the market and has recently gained a lot of acceptance in recent months, with a market capitalization that exceeds $60 billion.
4. Cardano (ADA)
Cardano is a decentralized public blockchain and cryptocurrency project that’s focused on providing a more scalable and secure platform for the development of decentralized applications (dApps). It has a market capitalization of over $50 billion.
5. Binance Coin (BNB)
Binance Coin is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges in the world. It has a market capitalization of over $40 billion and is used to pay for trading fees on the exchange.
6. Polygon (MATIC)
Polygon is a solution that aims to provide a scalable and secure platform for the development of decentralized applications (dApps) on the Ethereum blockchain. It has a market capitalization of over $30 billion.
7. Cosmos (ATOM)
Cosmos is a decentralized network of independent, parallel blockchains, each powered by the Cosmos SDK. It has a market capitalization of over $20 billion.
8. Algorand (ALGO)
Algorand is a decentralized blockchain-based platform that’s focused on providing a scalable and secure platform for the development of decentralized applications (dApps). It has a market capitalization of over $15 billion.
9. Loopring (LRC)
Loopring is an Ethereum-based cryptocurrency whose value has skyrocketed in the closing weeks of 2021. The coin currently trades around the $2.98 mark and boasts almost $4 billion in market capitalization. The two main reasons for a 700% increase over the last month are rumors floating around about using Loopring in the “metaverse” concept and buzz about GameStop planning to use Loopring to build an NFT marketplace. Thus far, however, neither rumor has been verified.
10. Cartesi
Cartesi attempts to distinguish itself from the cryptocurrency pack by billing itself as an answer to the problems of scalability and other blockchains’ high fees. As of this writing, the cryptocurrency has gained over 3000% in value, with a YTD trading of $1.20. In addition, Cartesi has taken advantage of its ease of trade to become an increasingly popular currency.
So, how do I trade my cryptocurrencies without getting scammed?
Contact Vintage Confluence today to learn more about their cryptocurrency services and take the first step towards financial freedom! Read more to learn about the pros and cons of investing in cryptocurrency