In this article, we will discuss 5 cryptocurrencies to buy and hold for the next 10 years. If you want to read about how much the blockchain industry is worth and how cryptocurrencies are gaining popularity and receiving global recognition, go to 10 Cryptocurrencies To Buy and Hold for the Next 10 Years.
5. Solana
Solana is a public open-source project that offers smart contract functionality. The network’s native token is SOL. Solana achieves consensus via proof-of-stake and offers faster transactions due to its unique approach towards adding timestamps to blocks. The network boasts being one of the fastest blockchain networks in the industry and has currently set a record for validating 65,000 transactions per second. The network is dubbed as the “Ethereum Killer” because of its scalability and speed advantages over its competitors.
This March, actress Mila Kunis launched an animated series, The Gimmicks, which allows for an interactive experience for viewers. The animated series is making use of Solana’s non-fungible tokens. The rising popularity of using the Solana network for NFTs is attributed to the network’s ability to transact at faster speeds than Ethereum and charge significantly less “gas” fees. Until Ethereum 2.0 is not released, Solana will continue to be a faster and cheaper alternative.
A wide variety of decentralized networks can be built on top of Solana that cover decentralized finance, decentralized crypto exchanges, NFTs, crypto gaming, and many more. The network’s scalability and speed advantages over other cryptocurrencies puts it in a strong spot and make it a viable candidate for long-term crypto investments. As of March 22, 2022, Solana boasts a market cap of $29.59 billion and has 320.49 million tokens in circulation.
4. Cardano
Cardano is an open-source and decentralized blockchain network that achieves consensus via proof-of-stake. As of March 22, 2022, Cardano is the eighth biggest cryptocurrency by market capitalization and boasts a market cap of $32.77 billion. Cardano is unique because of its mission to decentralize finance in Africa and other developing countries. The network’s native token is ADA.
Cardano is moving at a fast pace in the crypto universe and is becoming popular in the industry. The network announced several collaborations in the corporate sector. Last September, Cardano announced that it will be providing blockchain solutions to DISH Network Corporation (NASDAQ:DISH). Moreover, this January, Cardano announced that it will be teaming up with EMURGO, a blockchain company specializing in smart contracts, to aid in the development of Cardano’s decentralized applications and blockchain network.
Crypto investors are bullish on Cardano and are holding positions in the currency for long periods because of its unique approach towards providing DeFi applications in developing countries, and the way the network is carving its place in the corporate sector by announcing numerous strategic partnerships to help businesses grow.
3. BNB
Binance Coin, or BNB, was developed by the Binance crypto-exchange in 2017. BNB was built on top of the Ethereum blockchain network but is now built on Binance’s blockchain. The Binance ecosystem is the world’s largest crypto exchange, based on daily trading volume. BNB supports smart contracts and achieves consensus through a unique proof-of-staked authority (PoSA) mechanism, a hybrid of proof-of-stake and proof-of-authority mechanisms. As of March 22, 2022, BNB is ranked as the fourth-largest cryptocurrency by market capitalization and has a market cap of $66.54 billion.
This February, Binance announced that it will be collaborating with SM Entertainment to build a Play-to-Create (P2C) and Play-to-Earn (P2E) ecosystem. Binance and SM Entertainment believe that this will aid creators around the world to participate in recreation and profit from their original content and projects. Binance announced another collaboration, the same month, with YG entertainment Inc. to build in the NFT space, along with various other blockchain projects.
Wallet Investor, an algorithm-based forecasting website, predicts that BNB would reach approximately $729 by the first quarter of 2023, and in the next five years will be trading above $2,000. Investors are bullish on BNB for the long term because of its unique consensus mechanism and strong use-cases.
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.
1. Bitcoin
Bitcoin is the largest cryptocurrency in the world by market capitalization as of today and has been at the top since the rise of cryptocurrencies. Bitcoin revolutionized the world of finance and was the first digital currency to gain recognition. Bitcoin was developed by an anonymous programmer Satoshi Nakatomo back in 2008. The notion behind Bitcoin was to decentralize finance and make cross-border payments less costly and time-efficient.
As of March 22, 2022, Bitcoin has a market cap of $804.21 billion and is trading at above $40,000 per unit. Last November, Bitcoin attained an all-time high of $68,990.90, after which it has dipped down to trading a little above $40,000 as of March 2022.
Veteran commodities investor Peter Brandt has received credit before for predicting Bitcoin’s price in 2018. The analyst made another prediction and put forth his technical analysis which shows BTC rallying up to $200,000 in the next five years.
Regardless of its volatility, Bitcoin is the most credible, recognized, and accepted cryptocurrency across the globe which makes it a suitable candidate for long crypto positions.
You can also take a look at 17 Largest Fintech Companies in the World and 10 Metaverse Stocks to Invest In.
