Welcome to the age or cryptocurrency, when we invest in money we cannot see, whose price is driven purely by speculation- well, almost purely. There are times when it experiences extreme highs that are impossible to explain and extreme lows that you’d rather not know why. We are basically dealing with a very volatile market. Therefore, you need to be informed to navigate through unscathed.
To make this possible, we’ve come up with a list of top 7 cryptocurrencies for long-term investment, and I’ll tell you why they have higher chances of scaling than others. Here is the list.
7 Cryptocurrencies for Long-Term Investment
Monero can easily be described as one of the fastest growing cryptocurrencies in the world right now. Not only is it very secure, the confidentiality of coin and coin owner associated with this digital currency is still intact to date. Let’s not even talk about the state of the art technological system which makes it impossible for your transactions to be traced. But that’s not why it’s on this list. No, Monero is on this list because of its rapid growth.
The number of people using Monero has increased significantly since it was initiated. This probably due to the reason above, its confidentiality. As long as people are demanding privacy for their money, Monero will be around This is why it’s number on our list of Cryptocurrencies for long-term investment.
I get that when we are in the realm of cryptocurrency, some things may appear complex, but IOTA is on another level of “difficult to understand”. The basic point is that it provides an efficient, secure lightweight microtransaction, which is real time, and at no added cost. It’s an open source decentralized cryptocurrency that was designed for Internet of Things (IoT). Why is it perfect for long-term investment?
Well, you have access to offline transactions at zero transaction cost, combine this with it’s potential for indefinite scalability and you have a winner. I don’t see IOTA going away anytime soon, do you?
This cryptocurrency entered the market on 18 January 2014 and by March this year, it made it to the market cap of $1 Billion. This effectively places it among the big players out there. According to the chart on Coinspot, DASH is on a long-term rise. You should have noticed that the value of DASH has been rising steadily from the beginning. This is why it’s on our list of cryptocurrencies for long-term investment.
If you have been paying half attention to the crypto-trend, you’ll notice that Litecoin is on the rise and it’s not so difficult to figure out why. Here is the thing this cryptocurrency is the first alternative to Bitcoin, it’s quite affordable, easy to use. Most, importantly, it has been getting a lot of attention lately.
This cryptocurrency has received an increase of more than 5,000% price index for a reason. That’s why it’s on the list of cryptocurrencies for long-term investment. The fact that Ethereum is a decentralized cryptocurrency that runs on smart contract makes its investment lucrative. Here is why.
As long as there’s a business that requires the use of smart contract, Ethereum is handy. This means virtually any business or market. Another reason Ethereum is on this list is the fact that most ICOs open as tokens on Ethereum network. This ties it to so many businesses and potential startups.
To understand why this cryptocurrency is number two on this list of cryptocurrencies for long-term investments, you need to understand the aim of the developers. The British folks that developed this Electroneum have the average users in mind. You don’t require any technical skill to mine this new cryptocurrency. What’s more, it can be mined directly from your smartphone. That’s a potential 2.2 billion users.
In addition to this, the target market of online gambling and mobile gamers makes it likely that the cryptocurrency will be a lucrative investment in the long term.
Finally, we have gotten to the top dog in the crypto-world. I’m not sure you need any convincing as to why Bitcoin is on our list of cryptocurrencies for long-term investment. Investing in it should be a no-brainer if you know, you know.
Against all odds, it rose all to way to more than $16,000 this year. And the rise is not over. There are speculations that, the cryptocurrency would be worth $1 million in 2 years from now.
It’s not too late for you to invest in these cryptocurrencies. You can join now and still make a lot of profit in the future. At least, that’s what I think.