Commodities Views News. Forex Forex News. Currency Converter. Presented By. Can cryptocurrency be treated as long-term investment? Darshan Bathija. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. Since crypto-assets are volatile, historically the best way to succeed with crypto is to hold onto what you already have.
With the prevalent volatility in the crypto market, never has it been more important to distinguish between methodologies of buying into this sector. On the one hand, you have traders, on the other you have investors. Traders hold assets until they reach short-term success while investing is based on the buy-and-hold principle. Investors invest their money for some years, decades, or even longer. To a hodler, i. Choosing the right cryptos for long-time investment The last thing you should do when it comes to all things money is to go in blind and unprepared.
Do the work, research, read everything you can about the sector, the coins, the projects, the tech. Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.
Read More News on crypto investment hodl eth ethereum bitcoin crypto. Also, ETMarkets. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds. Powered by. Check out which Nifty50 stocks analysts recommend buying this week. Midcap stocks with high upside potential: Stock Reports Plus. View More Stories. Subscribe to ETPrime. Find this comment offensive? Moreover, Lucky Block is about to launch a bridge to Ethereum for added market exposure.
Visit Lucky Block Now. Cryptoassets are a highly volatile unregulated investment product. Decentralized lending services are expected to play a major role in the future of finance. In a nutshell, platforms like Yearn. Moreover, loans are approved as soon as the borrower deposits a security deposit, so there is no requirement for any credit checks. And, in terms of financing, crypto loan agreements are funded by investors.
Anyone can invest in loans by simply depositing funds into the Yearn. In doing so, a rate of interest will be paid. The specific APY depends on a variety of metrics, such as the token itself and whether or not you are happy to lock the funds away for a minimum number of days. Buy Yearn. Finance Now. And, at the forefront of this concept are NFTs that represent plots of land and real estate from within the Sandbox ecosystem.
In a recent example of a successful NFT sale, a user spent several million dollars in purchasing a collection of virtual islands. The investor subsequently built virtual villas on each island, before selling each NFT in the open marketplace for huge profits. And, if you like the sound of what the Sandbox offers — you can easily buy its native crypto asset — SAND. Buy The Sandbox Now.
This aforementioned network is now favored by up-and-coming crypto projects that are launching for the first time — such as Lucky Block. And therefore, when you consider that thousands of tokens are listed on the Binance Smart Chain, demand for BNB will likely continue to rise in the long term. Buy BNB Now. The next project to consider from our list of the best long-term crypto investments for is Solana.
Often described as an Ethereum Killer, Solana is home to a decentralized blockchain that permits the deployment of smart contract agreements. With that said, Solana performs significantly better than its Ethereum rival across most metrics. For example, Ethereum and Solana can handle approximately 16 and 65, transactions per second, respectively. Moreover, while transactions on the Solana network are near-free, Ethereum fees continue to remain expensive.
Buy Solana Now. Uniswap — which is built on top of the Ethereum blockchain, is home to a decentralized exchange — or DEX. The overarching concept with a DEX like Uniswap is that traders buy and sell crypto without an intermediary. This is made possible through the AMM automated market maker model — which is fueled by rock-solid smart contract agreements. And as such, Uniswap could be one of the best long-term crypto investments for — should you believe in the future of decentralized trading.
Buy Uniswap Now. SWIFT dominates the global cross-payments system by a considerable amount. However, this age-old network is not only slow and expensive, but it requires the use of correspondent banks when less liquid currencies are being transacted. This is where Ripple and its native token XRP comes in — as the network aims to revolutionize global payments. And, most importantly, this is the case even when minor or exotic currencies are being transferred.
Buy XRP Now. Although there is still plenty of upside potential left with Bitcoin , this digital currency is often considered a hedge against the broader financial markets. The reason for this is that just like gold, Bitcoin has a finite supply — which, at 21 million tokens, will be reached in approximately And therefore, Bitcoin is arguably more suited as a long-term store of value than a medium of exchange.
This means that when you buy Bitcoin with eToro you will be buying a small fraction of one token — which is ideal for investors on a budget. Buy Bitcoin Now. Next up on our list of the best long-term crypto investments is Cosmos — which focuses on the growth and implementation of blockchain interoperability.
This key technology will enable competing blockchains — such as Bitcoin and Cardano, to communicate with each other. This subsequently opens up the doors for cross-chain transaction and data sharing — which is crucial for the development of the Internet of Things IoT. Buy Cosmos Now. Digital advertising — which is a huge multi-billion dollar industry, is another space that is expected to be revolutionized by cryptocurrencies and blockchain technology.
In a nutshell, BAT removes the need for third-party platforms and subsequently connects consumers and advertisers directly. In more simple terms, when using the BRAVE browser — which is backed by Basic Attention Token, users will only gain exposure to marketing ads that are relevant to their personal needs. Moreover, users are paid BAT tokens for their attention, which is funded by digital advertisers. And in turn, advertisers can be sure that their marketing content is going to the right audience.
Buy Basic Attention Token Now. In doing so, the idea is to ride out short-term volatility. The first thing to consider when deciding on looking for the best crypto to HODL is how the digital token has performed against the broader market — which is generally compared against the price action of Bitcoin. This is a great way to gauge the strength of your crypto asset against other projects in this industry. Compound coin and SafeMoon are also alternative cryptos that could become candidates for the best long term crypto investments as we move further into Another great way to find the best long-term crypto investments for HODLing is to do some research on prior all-time highs.
In doing so, this can extract some really useful information about the strength of your investment. That is to say, while thousands of projects witnessed huge gains throughout , XRP is still worth just a small fraction of its previous high — which was achieved more than four years ago. With more than 18, cryptocurrencies listed on CoinMarketCap, it goes without saying that competition is now extremely fierce in the blockchain arena.
In another example, we like Lucky Block as the overall best long-term crypto investment for its unique and innovative concept — which focuses on decentralizing the global lottery industry. In this section of our guide, we are going to explain how to invest in the best cryptocurrencies for long-term growth.
Lucky Block, our pick as the best crypto for holding long term, is listed on the Pancakeswap exchange — which hosts some of the best Binance Smart Chain tokens in the market.
Ethereum's price recently topped $3, for the first time since March 1, and on Thursday was near $3, It has been trending up over the. The crypto news outlet Coinpedia predicted ETH could end between $6, and $7, if the same bullish upswing that started in mid By January , ETH's price peaked at $1, before it fell sharply. It took about three years for the second-largest cryptocurrency by market cap (behind.