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The growing use and acceptance of cryptocurrencies have attracted investors for long-term investment. And it is not just only Bitcoin, other digital currencies can be considered best for long-term investment.
Ever since Bitcoin emerged as a new form of digital money it made many feel curious to grasp more knowledge of its use. The foremost digital money by Satoshi Nakamoto, whose identity remained anonymous till today. But he hardly gains ample attention in comparison to its innovation Bitcoin.
But now it does not remain the only digital currency to be concentrated upon. There are numerous altcoins in the crypto space to be considered for long-term investment goals. Other than being a speculative investment in the current scenario, cryptocurrencies are taken on a serious note by institutional and retail investors.
With so many developments taking place in the world of digital currencies, investors are becoming more driven towards them. They are finding them useful for not just short-term profits, but also investments in the long run. But this becomes a big confusion for them. They are puzzled to choose the best among them for investment.
Well, if you are in the same situation, then let us help you in mentioning the crypto coins that are known to have topped the market cap charts repeatedly. Noticing their relative stability, these cryptocurrencies can be considered as the best picks for investment in the long term.
Digital currencies that are best for long-term investment perspective
Starting with the digital currencies that are best for the long-term investment, let us begin the list with:
Uniswap (UNI)
Uniswap or UNI comes as one of the digital currencies that can be considered for the long-term investment goal as it allows the smart contract utility. Besides this, this altcoin also excels in automated token transactions on the Ethereum blockchain. $8.49 is the current price of Uniswap (UNI).
Bitcoin (BTC)
Bitcoin holds the status of being the world-famous cryptocurrency. The more investors are considering it to be ‘digital gold’, there is an increase in its valuation. The most prominent factor behind its value is its maximum limitation of 21 million. $37,285.34 is the latest price of Bitcoin.
Polkadot (DOT)
Polkadot also joins the list of digital currencies of long-term investment. This cryptocurrency offers connectivity of networks that would help build several apps on Polkadot. Plus, it can also operate on Bitcoin and Ethereum. Apart from these, being more scalable and speedy are the two main features that make Polkadot a true contender for long-term investment. The current price of DOT is $16.22.
Ethereum (ETH)
If there is any close competitor to Bitcoin, then it is none other than Ethereum or Ether. In recent years, it gave a tough competition to Bitcoin plumped to its lowest, almost sweeping over its dominance. Ethereum comes as the decentralized blockchain platform that does not allow any role of third parties. $2,566.04 is the current price of ETH.
Dogecoin (DOGE)
Dogecoin rose to fame from a crypto meme joke and series of tweets by Tesla founder and CEO Elon Musk. However, this cryptocurrency still stands upon the speculated stage and is yet to cross the dollar mark. But besides this, the alternate coin comes with a seamless capacity for mining and huge circulation. $0.129 is the current price of DOGE.
Tether (USDT)
While listing the digital currencies for long-term investment then how can Tether be left behind. This blockchain-based cryptocurrency is backed by fiat money stored in banks. One major advantage with Tether is it's being a stablecoin that is least affected by market volatility. $1.00 is the latest price of this stablecoin.
Cardano (ADA)
Coming on to the next is Cardano, a decentralized platform that uses its native digital currency ADA. It is known for securing P2P (peer-to-peer) transactions. Very soon, ADA will be allowing smart contracts. $0.8685 is the current price of ADA.
Binance Coin (BNB)
Akin to the foremost cryptocurrency, Bitcoin, Binance Coin also comes with its maximum limit of 200 million coins circulation. Other than that, BNB also adheres to the quarterly routine of its token destroying or burning yearly. These are some of the factors behind its value going upwards. $366.20 is the current price of BNB.
Final words
These are the digital currencies you can prefer for not just short-term gains but for long-term investments. Now, you have multiple options to choose from Bitcoin, Dogecoin, Ethereum, Cardano, Binance Coin, Tether, Polkadot, and Uniswap. If you want to know about the price predictions of these digital currencies, then follow Newsfeedcrypto, the best cryptocurrency news feed website.
It is the one-stop solution for all crypto-related queries on the blockchain, cryptocurrencies, crypto wallets, exchanges, airdrops, ICOs, dApps, and many other topics. Hence, you need not have to switch to other websites for getting desired results. Type in your search here, and there is an answer to it.