If you have decided to invest in cryptocurrencies, but don't know which cryptocurrency to buy in 2022 for long-term investment, then this is the article for you. Keep reading.
Please keep in mind that this article is not advice to buy cryptocurrency nor it could be considered a recommendation. This article will help you to choose the best one, but do your homework and buy at your own risk.
My selection is based on, who is the developer of the cryptocurrency? Time frame (Life) of the cryptocurrency. And the most important factor that I have considered is the use cases of cryptocurrency. So let's discuss them one by one in detail.
List Of 10 Best Cryptocurrencies To Buy in 2022
- Bitcoin (BTC)
- Ethereum (ETHER)
- Binance (BNB)
- Solana (SOL)
- Polkadot (DOT)
- Decentraland (MANA)
- Monero (XMR)
- Cardano (ADA)
- Yearn. Finance (YFI)
- Ripple (XRP)
1- Bitcoin (BTC)
Bitcoin is the leader in the world of cryptocurrency. It is the first digital currency having a long history since its inception in 2008. A pseudonym named Satoshi Nakamoto is the founder of Bitcoin.
The Bitcoin journey was started on 3rd January 2009 with a token price of $ 0 (Zero). And it reached its all-time high of $ 68,990 in Nov. 2021. Amazing journey.
Right now by the time I am writing this blog post, it is $ 41,000. So if you have a sufficient amount of money for long-term investment then BTC will be the best choice for you.
2- Ethereum (ETHER)
It is the second-largest cryptocurrency in the world starting on July 30, 2015. Ethereum is a blockchain founded by Ethereum Foundation and the native cryptocurrency is Ether.
Ethereum platform is the most used platform by all other technologies. It supports many other decentralized applications. Thousands of other crypto tokens are based on the Ethereum platform.
So it's very safe to have an investment in this cryptocurrency. You can choose this for the long term. It will definitely give you the best ROI.
3- Binance (BNB)
Binance is the largest cryptocurrency exchange in the world based on the daily trading volume of cryptocurrencies; Statista. It started its operations in 2017 and has earned a good name in the world of crypto. BNB is the native currency of Binance.
Hence, Binance company has a strong use case (Facilitates the users of cryptos) so, there is no room left to worry about the investment in Binance Coin. It is backed by a world-leading company.
4- Solana (SOL)
Solana is a public blockchain platform backed by the Solana Foundation in Geneva. It has its native currency named SOL. It is the immediate competitor of Ethereum.
This platform has two main features. One is its fastest transaction speed i.e it can complete more than 1000 transactions per second. And the second is its lowest transaction fees.
If you are looking for a cryptocurrency to buy in 2022 for long-term investment, then, this is for you. This could be the next big cryptocurrency. It has great growth potential in the future.
5- Polkadot (DOT)
Polkadot is also a decentralized public blockchain platform. It has its native currency DOT. It is a project of the Web3 Foundation.
It is different from the other blockchain. It is simply a blockchain of all other existing blockchains.
Its value proposition is that it tries to solve the language barrier among the different blockchains. It makes a way for a crypto user to swap from one blockchain to another without any intermediary. Simply, it eliminates the role of cryptocurrency exchanges.
6- Decentraland (MANA)
Decentraland is a 3D virtual world platform based on the web browser. It uses the Ethereum blockchain.
It has its unique use case as there will be a 3D virtual world, where users can do any activity from buying and selling virtual plots, and houses to playing games and partying. The cryptocurrency MANA will be used as a means of exchange on this platform.
This cryptocurrency has a strong unique use case in the future. If you are looking for a long-term cryptocurrency investment then, it is worth considering.
7- Monero (XRM)
Monero (XRM) is a decentralized blockchain that is most popular for its complete privacy features. It is designed intentionally opaque to secure the privacy of its users.
In Bitcoin and other blockchains, there is some sort of privacy issues. The transactions in that blockchains are somehow traceable through the address of the sender and receiver which are open to the public.
On the other hand, the Monero blockchain uses technology that is completely untraceable. This feature of the Monero is the competitive advantage over the other blockchains. Everyone needs privacy, so this blockchain fulfills our needs and has great potential in the future.
8- Cardano (ADA)
Cardano is the extreme competitor of Ethereum and Bitcoin. It was created by Charles Hoskinson, a former Co-founder of the Ethereum blockchain. This blockchain was created by a team of experts through an extensive research process.
It supports all decentralized applications including Defi. This platform can perform much better than Ethereum in the future. It is just like a sleeping giant.
If you are looking for a cryptocurrency that will explode in the near future, this could be the best one.
9- Yearn. Finance ( YFI)
Yearn. Finance is the best performing Decentralised Finance (Defi) token. It is based on the Ethereum blockchain.
It is a unique platform where the users of cryptocurrency can make money while borrowing and lending their cryptocurrencies across the different Defi protocols.
It has a very limited supply of 30,000 tokens which makes it very scarce. It is the most popular Defi Coin in the crypto market. And definitely, it can compete with BTC in the future,
10- Ripple (XRP)
Ripple is a well-known currency exchange and payment gateway across the world. It was founded by a U.S based technology company, Ripple Lab. Inc, in 2012.
The Ripple network is aimed to resolve the issue of high transactional costs and low speed of transactions. By using this platform you can send millions across the world within minutes while bearing very low transaction fees.
The XRP Token is the native currency of Ripple, a global network of payments, so it's a safe investment.
Now you have a list of the top 10 cryptocurrencies to buy in 2022 for long-term investment. You can choose one or more to make the best investment portfolio for the long term. But first, do your own research too. Thank you.