Opinion pieces are based on the author’s personal opinion, and they do not constitute investment advice, financial advice, or trading advice. Securities.io does not recommend that any cryptocurrency should be bought, sold, or held by you. Conduct your own due diligence and consult a financial advisor before making any investment decisions.
Cryptocurrency investing is a lot of things, including rewarding, exciting, and risky. The market is highly volatile, and in fact, the last two years have seen it become more volatile than ever, first due to COVID-19, then due to people turning to it as a safe haven, and then finally, due to a correction caused by a massive spike up.
This is why some people tend to turn to investing, rather than trading cryptocurrencies. Investors who believe that a certain coin can survive the test of time and thrive over the string of several years tend to invest a larger amount into digital coins, lock them up in their wallet, and simply wait for months or even years until the price grows enough that cashing out would have a notable effect on their wealth.
With that said, it is crucial to choose the right coin for your investment, as buying the wrong one could end up costing you not only your profit, but also a major portion of your initial investment. This is why we have made the following list of cryptocurrencies that we believe are worth considering and investing in, as they have either proved their resilience to the test of time, or have the technology that is bound to ensure their survival, and they are not simply popular due to short-term hype. 1. Bitcoin
Bitcoin is by far the safest investment if you aim to go for a long-term investment. It is the world’s first and oldest cryptocurrency, the one that inspired the creation of every other coin out there to this day. It is also the biggest brand in crypto, and the most dominant digital asset, holding as much of a market share as all other cryptos combined.
While the original intention of Bitcoin’s creator, the mysterious Satoshi Nakamoto, was to offer BTC as the global currency and allow people to use it for making payments, the coin’s limited technology prevents it from achieving this goal. However, its value, reputation, transparency, immutability, limited supply, and other qualities make it ideal for becoming the next version of gold.
As a result, we — as well as many financial experts — believe that Bitcoin will, in fact, continue its rise in following years, and that this makes it an excellent investment right now.
To learn more visit our Investing in Bitcoin guide. 2. Ethereum
Just like on any marketplace, Ethereum holds second place on our list. Not only is it the second-largest coin by market cap, but it is also the second most important coin that was ever created. About six years after Bitcoin’s launch, Ethereum emerged and changed the crypto industry forever.
The project did it by introducing smart contracts — a product that allowed the creation of all other products and trends that came after it. Thanks to Ethereum, people stopped focusing so much on cryptocurrencies, and more on the blockchain itself, as a development platform. In the years that followed, Ethereum has given birth to dApps, token models, stablecoins, NFTs, DeFi , the metaverse, and more, significantly enriching the crypto industry and showing that the use cases of blockchain are near-infinite.
This also largely affected the adoption of blockchain technology around the world, and it nullified any arguments of crypto/blockchain only being used by hackers and scammers. It gave it real value, and allowed it to become what it is today.
To learn more visit our Investing in Ethereum guide. 3. Cardano
In the third spot, we have Cardano. This is a project that was created by one of the developers who previously worked on Ethereum itself – Charles Hoskinson. However, Hoskinson was not satisfied with the way Ethereum was designed, especially due to its inability to scale, which led to massive transaction fees and long waiting periods for transaction processing.
Hoskinson moved on and founded Cardano — a new blockchain that is more technologically advanced than Ethereum in every way. Cardano’s scalability is extremely high, and the project can process massive numbers of transactions per second. Furthermore, it has all the qualities of Ethereum, including decentralization, immutability, a loyal community, and alike.
Cardano split its development into 5 Eras, and so far, only two have been completed. The second one was finished in October […]
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