Regardless you are a new or an experienced investor, this list of the top 9 cryptocurrencies for long-term investment may help you to build a good 2023 investment portfolio, according to Analytics Insight.
BITCOIN
The presence of Bitcoin in this list is not so surprising. Despite being relatively volatile and dealing with the risks of tough regulation from several governments around the world, Bitcoin is still the biggest cryptocurrency by market capitalization. It has been widely accepted and popular all over the world. So, if you are wondering if is it worth investing in Bitcoin, the answer is YES.
ETHEREUM
The 2nd biggest cryptocurrency by market capitalization has seen a massive increase in its value over time – as high as around 800% within the past year.
The role of this cryptocurrency in scaling decentralized finance (DeFi) is worth mentioning as it is the main reason why Ethereum is widely accepted and invested.
POLYGON
Polygon serves as a framework for creating interconnected blockchain networks. Polygon is appreciated by many investors as it has solved some of Ethereum’s major shortcomings, such as throughput, delayed transactions, and lack of community control.
In addition, Polygon currently has an affordable price, which is easy to buy while having strong upside potential in the future.
DOGECOIN
Dogecoin is a memecoin created in 2013 that has been used as an official payment method for some Tesla products, even SpaceX has introduced Dogecoin as a potential cryptocurrency. This coin was in the top of the most economical cryptocurrencies to buy in 2021.
The kind of returns DOGE has given investors in just a few months used to be phenomenal – up to 8000% returns in a few months. Billionaire Elon Musk is one of the most famous entrepreneurs expressing support for Dogecoin over the years.
BINANCE COINS
Binance coin gained more mainstream through the Binance cryptocurrency exchange. Binance coin has been used for trading as well as paying fees.
To date, Binance exchange has held the record as the largest cryptocurrency exchange in the world with more than 1.4 million transactions per second in April 2021. The coin still has a lot of potentials to grow further in the future time.
POLKADOT
Polkadot is not a bad option if you are looking for big profits and low investment. Its ability to seamlessly connect all heterogeneous blockchain networks is the reason why hundreds of projects are being built on the Polkadot ecosystem.
CARDANO
Another name on the list of the most promising cryptocurrencies for long-term investment is Cardano. Cardano is exactly a digital currency that has recorded impressive growth in value over a fairly long period of time.
SOLANA
Solana, which operates with a combination of proof-of-stake and historical proof-of-concept, has once delivered huge returns to investors. Whether it’s decentralized finance (DeFi), decentralized applications (DApps), or smart contracts, Solana can meet your needs.
TETHER
Stabecoin Tether has been famous for its stability and low risk, but after the market movements in 2022, many investors are still wondering whether Tether is still as low-risk as in past.
Sum up
In general, investing in any digital currency on the list carries a certain amount of risk. The market is volatile and even financial experts couldn’t be completely sure about the opportunity to make money in this field. Therefore, even if you have selected the most promising cryptocurrencies, you should invest only a small amount of your capital.
Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision.
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