5 Cryptocurrencies To Buy and Hold for the Next 10 Years

2. Ethereum

Ethereum was coined in 2014 by a Russian-Canadian programmer Vitalik Buterin. It is the second-largest cryptocurrency in the world by market cap and boasts a market capitalization of $358.77 billion as of March 22, 2022. The Ethereum blockchain network employs smart contracts in its decentralized applications and achieves consensus via proof-of-work. Ethereum attained an all-time high of $4,891.70 in November 2021, after which it has now dipped to under $3,000.

Ethereum is one of the cryptocurrencies that has not faded over time and has appreciated since its being. Vitalik Buterin is working on the newest update to Ethereum, Ethereum 2.0, which promises increased network bandwidth and reduced gas costs. Ethereum 2.0 will also allow support for staking nodes to earn Ethereum as passive income.

Investors looking to initiate long positions in crypto should consider Ethereum for their crypto-portfolios because of the network’s upcoming update, and its adoption in the corporate world.