The Best Cryptocurrency for Long Term Hold/Investment
The Crypto Investing: The Best Cryptocurrency for long term hold/investment
The topic of cryptocurrencies is gaining momentum. Based on the blockchain, new technologies are being developed that promise to give excellent results in the future.
Well, for example, there is such an initiative – to transfer diplomas and workbooks to the blockchain. Surely this will make it harder to fake.
Nonetheless, today’s investors are looking for the best crypto for long term investments. They understand that cryptocurrency has a huge potential.
Now, many investors, as well as regular people, wonder: what is the best cryptocurrency for investing? We will review the list of the best cryptocurrency to buy and hold.
Litecoin is the second cryptocurrency created after bitcoin. Litecoin is the most reliable blockchain, and it is several times faster than bitcoin, it has a public creator – Charlie Lee (@satoshilite). Experts think if something happens to the Bitcoin, many will switch to Litecoin or will choose it as the best crypto to hold.
If you look at the Litecoin chart, you will see that it does not have large drawdowns for the price. This means that investors do not sell this asset, but consider it as a means of accumulation. Accordingly, Litecoin can be regarded as a useful asset for investing. Some experts tend to believe that it is also the best crypto to hold long term nowadays.
In the following video, you may get more information about the best features of Litecoin.
Bitcoin is the most seasoned resource dependent on the blockchain. Bitcoin is a sort of Dow Jones record for all digital forms of money. In the event that it is developing, the whole digital money market is growing. As you may know, it is authoritatively sanctioned in Japan. That is, it has a lawful delicate status. Numerous nations are considering going a similar way.
Bitcoin is a deflationary tool, as the total number of all bitcoins is 21 million. Bitcoin is a highly volatile tool, but also very stable in terms of the best crypto long term investment prospects.
Bitcoin is not only buns in the long term in the form of profit, but buns of a different format. For example, when on August 1, bitcoin forked, i.e., split into two chains, all the owners of the bitcoins with whom they were lying on their wallets received free Bitcoin Cash fork coins, the price of which shot above $ 700 per piece. Approximately the same perspective is looming now. Bitcoin is not the only one. Below, read more about top long term cryptocurrencies in 2019.
One of the primary highlights of Bitcoin is anonymity. Yet, the exchanges in the chain are unknown until a particular location is related to a specific individual. After this, Bitcoin for such an individual will stop to be unknown. Thus, Monero, as far as obscurity, is one of the leaders. The mentioned feature is always an excellent factor for investors if they are looking for the best cryptocurrency to hold long term.
Every time you make a transfer, Monero secretes your address. Therefore, Monero is becoming popular among those who need anonymous transactions. During the past two years, Monero has attracted investors’ attention as the best cryptocurrency for long term investments.
Accordingly, its cost in the future can significantly increase. If you want to get more information about Monero, here is a video for you.
Not at all like the maker of bitcoin, which nobody has ever observed, the Ethereum crypto token has a maker – Canadian of Russian birthplace – Vitalik Buterin. It can regularly be seen in different Russian financial gatherings. The nearness of the maker gives a motivating force to financial specialists to put stock in the development of this digital money.
The potential of the ether is that:
- He has a specific developer.
- Ethereum is not just a way of transferring monetary value, and it is a platform with which you can store and safely transfer money along with various valuable information. Such operations are called smart contracts.
- Ethereum, like Bitcoin, is also an extremely volatile cryptocurrency, but globally its value is continuously growing.
By the way, Buterin himself believes that the Ethereum cryptocurrency is not suitable for investment. However, as we may see, many investors believed in this project, and now Ethereum is one of the best cryptocurrency long term.
Here, you can watch a video about all the benefits of Ethereum.
Naturally, many investors prefer to invest in other cryptocurrencies, but the above-mentioned proved to be stable for a long term hold and investment.