Investor Interest in crypto has been snowballing. Despite the bear market or the crypto winter, millions of investors hold cryptos and are curious about which coin could be the next bitcoin. But now the problem is that there are too many of them, and according to the data available on Coinmarketcap, there are more than 22,000 different coins and tokens in the market. While everyone does understand that crypto investment does make money in the long run, picking the right mix to maximize the long-term returns can be challenging under the best circumstances — trying to do so in a cryptocurrency bear market, aka “crypto winter,” can be overwhelming.
But if you want to know the best long term cryptocurrencies predictioctions this year, the below article may be handy.
Bitcoin (BTC)
Bitcoin is the largest crypto by market cap. It’s known as digital gold and can be used to make purchases online and off, or, if one views it as an investor, it is one of the coins you buy and hold in your investment portfolio. BTC is considered more of a safe-haven investment, just like gold, than a currency, earning it a place within your long-term cryptocurrency portfolio. BTC got a significant boost in 2021 when it was backed by Elon Musk, who added it to the balance sheet of Tesla, giving it the first legitimacy of a significant corporation holding it in its portfolio. If one tracks it daily, Bitcoin is a volatile investment, as evidenced by its recent price dip to under $18,000 from a one-year high of over $68,000. However, it has been the best-performing investment asset if one looks at the ten-year chart. A recent network upgrades to add functionality will make the platform more useful and could make the coin more valuable.
Ethereum( ETH)
Ethereum is the second-largest cryptocurrency by market cap only after bitcoin and is the largest altcoin of the other 22000 coins. Ethereum was one of the coins that got the smart contracts mechanism and created the rest of the ecosystem. Because of Ethereum, cryptocurrencies can now be customized and built per the use case. A lot of crypto ecosystem still relies on Ethereum’s blockchain, and now, with Ethereum moving to a Proof of Stake mechanism, the future of the coin looks even brighter as the problem of scaling and congestion seems to have moved aside and Ethereum has become more dynamic.
Cardano (ADA)
Cardano is another cryptocurrency to invest in for the long term. While the coin’s performance in the bear crypto winter might have broken investors’ confidence, its founder Charles Hoskinson tweeted, “Cardano could cure cancer … and we’d still fall”. This confidence helped the platform gain a strong foothold amongst investors. Also, Cardano too underwent an upgrade in 2022, which improved the network’s programmability and made faster speeds possible without sacrificing security.
Polkadot (DOT)
Polkadot has is considered one of the best long-term cryptocurrencies since its launch in 2020. It’s a cryptocurrency with an underlying blockchain network where developers can build innovative decentralized systems. Polkadot is built to connect various independent blockchains into a single unified network and create new chains. The integration will allow users to access the network’s proof-of-stake validation of security and transactions and make it easier to transfer digital assets like apps and tokens across blockchains. A recent update facilitates communication and asset transfers between Polkadot parachains, opening the network up to new use cases. Opening up its long-term perspective
Chainlink (LINK)
Launched in 2014, the Ethereum-based Chainlink network provides real-time data from off-blockchain to on-blockchain smart contracts via nodes and oracles. For people to understand, Oracles are behind some of the most essential blockchain technology and are integral to blockchain’s expansion. And with Chainlink 2.0 upgrade, described in a 2021 white paper, will build off-chain networks on top of oracles to reduce computational strain on the Ethereum mainnet making Chainlink a key coin to have in the portfolio in the long rum