There are almost 20,000 cryptocurrencies available in the market.
However, the volatility and the last market crash could spook new investors from buying cryptos.
If you look to maximize your investment in long-term results, you require to pick the right choice.
Which cryptos are better long-term investments?
Bitcoin is the largest cryptocurrency by market cap.
With Bitcoin, you can purchase on and offline, or treat it as a buy-and-hold asset for your portfolio.
According to experts, it became a “safe-haven investment than a currency.”
In the last decade, Bitcoin is the best-performing cryptocurrency of all. Even with all the ups and downs.
Ethereum is the second-largest crypto by market cap. It is a blockchain platform that is emerging in a new mining process.
Analysts believe Ethereum could double its value in the next year.
Cardano is a long-term investment in the cryptocurrency market.
According to experts, Cardano has a proof-of-stake protocol, considered an advantage over Ethereum.
-Cardano is faster, cheaper, energy-efficient, and secure in the transaction protocols.
Nevertheless, it had a poor performance in the last months.
Polkadot became one of the best long-term investment coins in 2020, thanks to a market cap of over $10 billion.
DOT not only works as a cryptocurrency, but it is also a blockchain network where “developers can build innovative, decentralized systems.”
Polkadot connects independent blockchains into a unified network to create new chains.
According to experts, “the integration allows users to access the network’s proof-of-stake validation of security and transactions and makes it easier to transfer digital assets like apps and tokens across blockchains.”