If you are among those traders that often buy bitcoin for keeps, we believe you should be in a position to understand that the cryptocurrency industry has taken a new turn after the first quarter of 2022.
This was the beginning of the rough days in the crypto world.
While the cryptocurrency industry suffers its ugly fate, some coins still have the propensity to make it big in the long term. Some of them include Cardano, Ether, Ripple, etc. But the funny thing is that these coins have all plummeted by at least 50% from their initial all-time highs. But this is not the end of the crypto world as most people believe. So, if you are one of those who buy bitcoin or its likes for keeps and don’t mind a long-term investment, you might want to look at the list below to see which coin can perform profitably in the future.
List of Cryptocurrencies with Long-term Gains
Bitcoin was created by an anonymous developer, Satoshi Nakamoto, in 2009 and had been doing incredibly well in becoming an alternative to the traditional faith. One good feature to look out for in a coin is the market size, which determines the strength of every coin, hence, why more people buy bitcoin. Because Bitcoin failed to less than $25,000, it had once traded for over $60,000. This means a huge propensity to appreciate a new all-time high in a few months, judging from the current market movement.
Ethereum is an independent token that works within the Ethereum ecosystem. Unlike the BTC, Ethereum is one of the top blockchain systems that provides an opportunity for developers to create powerful decentralized applications all over the industry. Ethereum is one of the reasons people can develop apps in sections like (Defi, multiverse, and NFTs. So, before you move to buy bitcoin, you might want to consider Ether.
Ripple has been there for a while now; it is a cryptocurrency that runs on the Ripple ecosystem. Ripple is old, and it is considered one of the most controversial coins in the market. Recently, Ripple went into a legal battle with the Securities and Exchange Commission (SEC). But notwithstanding, it is still one of the best coins to invest in for long-term profit.
Dogecoin has proved that it is the best coin to invest in if you are a fan of long-term investment. It has one of the most significant market capitalization in the world. Since DOGE has been predicted to be integrated into the Twitter payment system when Musk finally takes over the company, it is only possible that it will be one of the best feature profitable coins.
This coin has been known to be the best privacy-induced cryptocurrency globally. The developers of this coin made it impossible for anyone to track transactions on it through a very easy method. Some industry analysts believe that the price of Monero will perform well in the feature as demand for privacy tokens will increase.
Litecoin was developed to become a Bitcoin alternative; it is meant to work as a proof-of-work cryptocurrency and has similar workings to Bitcoin. Litecoin has 84 million in limited supply, unlike Bitcoin, which has 21 million in total supply. If you believe in long-term cryptocurrency investment, then Litecoin should be your sure bet.
ATOM is a native token that runs on the Cosmos ecosystem. By the way, Cosmos is one of the top blockchain systems that help interconnect many coins. Also, Cosmos is used in developing ThorChain and Osmosis: the two most powerful blockchain platforms in the crypto world.
This is one of the largest metaverse industries. It makes it possible for companies and individuals to purchase virtual items online. It has also become one of the best platforms to trade NFTs and is also very relevant in the gaming world.
Maker is among the top Defi platforms that help individuals save and borrow cryptos. MKR is different from other Defi platforms because of Dai: the stablecoin. And unlike other platforms, MKR uses an independent oracle system.
LINK is one of the few coins that got lucky towards the end of 2021, and it hasn’t slowed down ever since then. The performance of LINK at that time led most of those who usually buy bitcoin to keep experimenting with it. LINK is one of the top blockchain platforms that has made the blockchain process easier. It does this by assisting them in integrating off-chain data into the on-chain.
We have reasons to believe that the negative turn of events in the industry is directly linked to the desperation of the Federal Reserve to control the rising inflation rate. This has led to the crash of major coins, which analysts believe is because of the increasing fear of valuations among crypto traders. So, while you plan to buy bitcoin, try to consider the cryptocurrencies mentioned above.