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6 Best Long Term Crypto to Buy Today

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6 Best Long Term Crypto to Buy Today

Long-term cryptocurrency investments can see profits over time that avoid some stressful market volatility. They are also an opportunity to back potential foundational technologies of the future. This article collates a few of the most talked about cryptos for a long-term investment strategy. 

  • Investing over the long term can mitigate some short-term risk and volatility and allow investors to choose established, credible projects that could rise in value.
  • Long-term crypto investing is still high risk, and investors should follow the same due diligence and risk awareness as with short-term trading or pre-sale purchases. 

6 Best Crypto to Invest in Long Term

1.Bitcoin

Bitcoin is the original crypto, the top cryptocurrency by market capitalization, and despite its immense volatility, is an undeniable store of value and asset likened to gold. Bitcoin hodlers hope the coin will reach new peaks in coming years, especially with wider crypto and blockchain adoption. 

2.Ether

The second cryptocurrency by market cap, Ether (ETH), has also performed like an asset or store of value, with many expecting its price to rise again. Moreover, the Ethereum blockchain constantly innovates and remains the platform of choice for dApp developers and new coin launches. 

3.Cardano

Cardano is a competitor to Ethereum and already has over 1,000 dApps on the network. This blockchain network is fast, and its developers are also working hard to answer blockchain technology’s challenges to achieve broader use. Cardano’s ADA coin is in eighth place by crypto market capitalization, and it also has a stablecoin – DJED. 

4.Chainlink

Chainlink, with its LINK coin, is a blockchain technology company hoping to answer a vital issue for any transition to Web3 and greater use of blockchain as a foundational technology: the issue of interoperability. The project aims to provide on-chain and off-chain interoperability with conventional applications, and in the last year, Chainlink has also developed a staking initiative. 

5.Avalanche

Launched in 2020, Avalanche is another competitor to Ethereum with fast speeds and scalability and has made inroads in the asset tokenization market. The AVA coin didn’t have a great 2022 but is 22nd by market capitalization. The potential of Avalanche is recognized. The Bank of America listed Avalanche, Ethereum, and Solana as three protocols that could benefit from asset tokenization. 

6.Polkadot

Another smart contract, programmable blockchain, working to answer interoperability (this time between blockchains) and scalability, Polkadot’s DOT coin is fourteenth in the crypto market by capitalization. Polkadot is an early innovator with high-tech teams and numerous partnerships, including with Chainlink to use its Oracle network.

Why Invest in Long-Term Crypto Opportunities?

  • Reduced risk

The extreme volatility of crypto markets can profit traders willing to study infinite market moves and carefully buy and sell. Still, there is the same risk of substantial losses. Potential long-term cryptos also have significant risk, but long-term holding is a way to somewhat avoid volatility and the stresses of short-term trading. Long-term cryptos often have higher market capitalization with liquidity spread amongst investors and markets, lowering the risk of whale movements or pump-and-dump scenarios. 

  • Greater potential return

Time may allow smaller investments to gain substantial traction, particularly for early buyers, and if a potential long-term crypto or its native blockchain builds its use base over a period. There is a similar risk of losses, but there are also investors who have carefully picked “the next big thing” in crypto and profited. 

  • Avoiding scams, ICOs, and weak projects

Some investors seek a profit from a riskier strategy, say choosing an ICO coin or NFT, especially buying before a crypto is listed on exchanges. However, choosing cryptos with long-term potential and perhaps that have already become somewhat established can avoid some of the risk and stress of newer coins. 

Strategies For Long-Term Crypto Investing

1.Define goals and identify quality projects

The first part of any strategy should be to identify investment goals and risk tolerance, deciding how much can afford to be lost and over what time period. Investment goals might range from preserving and growing wealth to supporting an innovative technology or particular project of interest. 

2.Regular investments

A common strategy for long-term investment, which helps avoid investing more than can be lost, is to invest regular smaller amounts over time. This strategy also helps to avoid some of the impacts of market volatility and accumulates assets over time. 

3.Long-term holding

Holding potential long-term cryptos may be a strategy that sees investments span some years. This strategy is one of muting out a certain degree of short-term market volatility. 

4.Support a technology of the future

Cryptocurrencies, similarly to stocks, allow investors to support a technology or innovation with future potential, contributing to its success and with the hope of profits when the project gains traction. 

5.Active portfolio management

Long-term investing still needs active portfolio management consisting of monitoring project performance, market trends, regulation, consumer sentiment, and competitor awareness. An informed investor can mitigate some market risk and make portfolio changes as required. 

6.Risk management

Managing risk is not only being thoroughly informed and knowing one’s risk tolerance but also diversifying investments and, in some cases, taking advantage of stop-loss orders. 

If you want to explore other strategies to invest in crypto. You may enjoy this content:

 

Frequently Asked Questions (FAQs)

1. Which crypto has the most long-term potential?

There are numerous potential long-term cryptos that can be identified through crypto market research. A few are collated in this article. Cryptocurrency investment is high-risk. It’s not easy to choose which of many coins might become a future Bitcoin or even surpass Bitcoin.

2. Which crypto will survive in the long run?

There are thousands of cryptocurrencies and blockchain projects. Many show significant promise as assets and as technologies. Some are identified as having long-term potential, including those covered here. 

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Martin Nganga

Martin Nganga is a seasoned crypto writer and blockchain enthusiast with a passion for simplifying complex concepts in the ever-evolving world of cryptocurrencies. With years of experience in the fintech and blockchain industries, Martin brings a unique perspective to his writing, combining his technical knowledge with a knack for breaking down intricate topics into digestible insights for both newcomers and seasoned crypto veterans.You can reach me out here : martin@coingape.com

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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