The best coins for long-term investment

The prospect of investing in cryptocurrency is no longer in doubt. To date, this is perhaps the only type of assets that retains growth potential by hundreds and thousands of percent. For example, if you implement optimistic forecast scenarios in a few years, converting 0.135 ETH to USD can bring you more money than selling three times the amount of Ethereum at the current price.

The best coins for long-term investment

It is the opportunity to make a big profit, initially investing small feasible amounts, that attracts novice investors. The main question is which coin is better to invest in.

There is no single right answer for everyone without exception. In addition to the long-known market leaders, there are other promising coins, potentially even more profitable. Let’s consider some of them in more detail.

Bitcoin (BTC)

Bitcoin is a veteran and founder of the cryptocurrency market. Perhaps, everyone who is at least superficially interested in cryptocurrency knows about him. Investors continue to invest in digital gold as this asset has proven to be reliable and efficient.

Now Bitcoin is going through a rather difficult period, but in the long run, investments can bring good returns.

Obvious advantages of BTC:

• Reliability.
• High liquidity.
• Demand for the coin.

Bitcoin is not without flaws. First of all, this is a low bandwidth and low transaction processing speed.

Ethereum (ETH)

Ethereum has yet to outperform Bitcoin. However, some experts suggest that in the foreseeable future, the dependence of the market behavior of ETH on BTC will significantly weaken. It is also possible that in the longer term, Ethereum will become the new leader of the cryptocurrency market. In short, there is no need to rush to change 82 ETH to USD.

The prospects for Ethereum are due to the high technology of the project. The Ethereum blockchain provides a convenient environment for creating and deploying decentralized applications for various purposes. Through a large-scale network upgrade, it was possible to increase the scalability of the platform and significantly reduce commissions.

According to the combination of characteristics, the coin, along with Bitcoin, is considered to be the most reliable digital asset. Among its advantages:

• High speed.
• Demand for technology.
• Stable popularity among investors.
• Consistently high market rating.

In terms of decentralization, Ethereum is noticeably inferior to its competitors and this is its main drawback.

Binance Coin (BNB)

Binance Coin (BNB) is the native token of the largest and most popular cryptocurrency exchange. The token is used to pay fees in the ecosystem. BNB holders also receive discounts and other bonuses.

BNB can be traded against other assets or used for long-term investments. The prospects for the coin are related to the pace of further development of the Binance ecosystem and the industry as a whole.

There are enough advantages in favor of choosing Binance Coin for investment:

• Favorable forecasts.
• The value of a coin is related to the functioning of a reputable exchange.
• High security and speed of transactions.

The cons generally boil down to the typical risks of investing in digital assets.

Solana (SOL)

The functionality of the Solana blockchain is in many ways similar to the functionality of Ethereum. It is also focused on working with decentralized applications and smart contracts. However, the developers initially focused on achieving high throughput and platform scalability.

This was achieved by combining the two consensus algorithms PoS and PoH. As a result, the blockchain can process up to 65 thousand transactions per second. Potentially, SOL can become a worthy competitor to Ethereum, but this will take time.

Strengths of the project:

• High throughput.
• Demand for technology.
• Energy efficiency.

Potential problems are associated with the identification of yet unobvious flaws in the platform.

Tamadoge

Tamadoge is a new project that combines the strengths of the metaverse, P2E engine and NFT game with unique in-game items. The ecosystem can be attractive to creative people, beginners and experienced gamers, investors and active traders.

In the TAMA universe, players will have the opportunity to create and raise unique virtual pets. It’s a bit like the Tamagotchis that were very popular in the 90s, but pet owners are rewarded for their actions.

Benefits of investing in TAMA:

• The recognizable features of the famous Shiba Inu and Dogecoin meme coins are quickly attracting new users.
• The Play-To-Earn mechanism provides earning opportunities for gamers regardless of their experience.
• The prize fund of the game is replenished from the income from the marketplace.

The main disadvantage of the project is very high risks. This is typical of all young projects, so before investing, sensibly assess your own capabilities and your stress tolerance.