CryptoCrypto Investing

Top 3 Long-Term Cryptocurrency Investments

4 Mins read

The year 2021 has been one of a kind for cryptos because the crypto market witnessed a roller coaster ride. Some cryptos made unfathomable gains, whereas some busted massively. Considering such volatility, what 2022 has in store for these digital currencies is something that all the investors are looking forward to. 

Currently, investing in cryptos over the long term has proven profitable, but you must know about the market before jumping into it. 

How does it work?

The correct answer to this question depends on your investing goals. If you have some spare money that you won’t mind investing for one to two decades, investing in crypto could be a great option.

This type of crypto investment is when you expect its price to increase over time — usually an asset that must maintain for six months to one year. In some cases, long-term crypto investors plan on holding their investments for decades. Investments can be made in parts, and dollar-cost averaging is an excellent strategy for many investors.

Many long-term investors also earn interest in their digital assets while holding them. If you’re holding BTC, ETH, or other cryptos, you might as well earn interest on them to accumulate more coins over the long term.

Top three things to know before starting:

  • Cryptos aren’t linked to any government. Governments rise and fall, and their nation’s currency is usually affected for better or worse. 
  • Crypto fees are comparatively low. Crypto has few fees attached to it, and those fees are less painful than those of other forms of online payment. 
  • It’s increasingly easy to use. The more people hear about crypto, the faster its acceptance grows, and the more merchants accept it. 

Best long-term crypto to buy in 2022

Let’s look at the best to invest in. 

Cartesi (CTSI)

CTSI price chart
CTSI price chart

Cartesi attempts to distinguish itself from the crypto pack by billing itself as an answer to the problems of scalability and other blockchains’ high fees. It has taken advantage of its ease of trade to become an increasingly popular currency. Cartesi will be a good investment for investors with a long-term horizon. Not only will the recovery of the crypto market lift the token, but some of the changes the team plans to make to its network will have taken root.

Price history

Cartesi price is $0.258503 with a 24-hour trading volume of $10,625,685. The 24-hour trading volume of Cartesi is $10,625,685. It has a circulating supply of 570 Million CTSI coins and a total supply of 1 Billion.

  • CTSI hit an all-time high of $1.74 on May 09, 2021.
  • CTSI had an all-time low of $0.026706077443 on May 10, 2020.

Where to buy it?

It is traded on 30 exchanges. You can trade it on Kraken, Binance, and Coinbase Exchange.

What are the perspectives of the Cartesi?

As of Cartesi price predictions for the rest of 2022, there are divergent opinions. Some expect an upturn towards $0.357418 by the year’s end. Other experts are more pessimistic about its future price, citing numbers downwards of $0.0572 in December.

Ripple (XRP)

XRP price chart
XRP price chart

XRP is the native crypto of Ripple, a crypto payment system created by Ripple Labs Inc. XRP is its “digital asset built for global payments,” implying that Ripple plans to rival money transfers usually conducted by the banking system. This crypto would allow users to send money at a meager cost, attracting the potential interest of retail customers and banks alike. A fundamental value proposition of XRP is its minuscule transaction costs while offering transaction finality of under five seconds.

Price history

Its price today is $0.576678 with a 24-hour trading volume of $2,339,259,584. It has a circulating supply of 48 Billion XRP coins and a total supply of 100 Billion. The 24-hour trading volume of this crypto is $2,339,259,584.

  • XRP hit an all-time high of $3.40 on Jan 07, 2018.
  • XRP had an all-time low of $0.002686206662 on May 22, 2014.

Where to buy it?

It is traded on 152 exchanges. You can trade XRP on LBank, WhiteBIT, and WOO Network.

What are the perspectives of the XRP?

As of the end of 2022, XRP price predictions remain predominantly positive. Some analytics promise the price at about $0.786274, while others discuss the possibility of the price reaching $1.07 by the end of the year.

Algorand (ALGO)

ALGO price chart
ALGO price chart

This is crypto for the Algorand blockchain platform with almost $14 billion in market cap. The platform supports smart contract functionality and uses a consensus algorithm based on a pure PoS system. This is one of the fastest-growing coins in the world of crypto, with experts projecting that it will double or triple in value by 2025. 

Algo’s PoS platform makes the crypto more sustainable than its rivals, a quality that is becoming increasingly vital in the environmental, social, and governance business world. Silvio Micali, an MIT professor, founded Algo. 

Price history

Its price is $0.766607 with a 24-hour trading volume of $591,846,784. It has a circulating supply of 6.8 Billion ALGO coins and a total supply of 7.22 Billion. 

  • ALGO hit an all-time high of $3.56 on Jun 20, 2019.
  • ALGO had an all-time low of $0.105336 on Mar 13, 2020.

Where to buy it?

It is traded on 69 exchanges. You can trade it on FTX, FMFW.io, and Binance.

What are the perspectives of the ALGO?

As of the end of 2022, Algorand’s price predictions remain predominantly positive. Some analysts are promising the price at about $0.969733, while others discuss the possibility of the price reaching $1.119 by the end of the year.

Pros and cons

Worth to investWorth to getaway
Potential for high rewards
There are more than 10,000 cryptos on the market today, and each one has its particular quirks. But all cryptos have a few things in common, like their tendency to experience sudden spikes in value. 
Understanding crypto takes time and effort
Cryptos can take a while to get your head around. If you’re not a digital native, the concept of crypto can feel anything but second nature. 
The fees are lower
Active trading increases transaction fees. You are not incurring any trading fees by using the long-term strategy and taking the long-term view — and leaving your investments alone after the purchase.
Crypto newbies are vulnerable to security risks
Cryptos might not have the risks of using central intermediaries, but that doesn’t mean they’re entirely free from security issues. 
Cryptos could help investors beat inflation
Digital assets aren’t tied to a single currency or economy, so their price reflects global demand rather than national inflation. 
Crypto has serious scalability issues
You could be forgiven for thinking that digital currencies operate at lightning speed, and they do, up to a point.

Final thoughts

The most viable method to consider when investing in crypto is a long-term buy-and-hold strategy. Otherwise referred to as HODLing, this will enable you to ride out volatile short-term waves.

Related posts
4.4
CryptoCrypto Bots

Botcrypto Review: Can You Make Money With It?

3 Mins read
Botcrypto is an automated crypto trading service with multiple indexes and algorithms. The platform offers a simple user interface where traders can…
3.0
CryptoCrypto Bots

Coinrule Review: Can You Make Money With It?

3 Mins read
Coinrule provides automated crypto trading bots that help you trade like a professional. The process is simple and does not require coding…
2.6
CryptoCrypto Bots

Botee.Trade Review: Can You Make Money With It?

3 Mins read
Botee.Trade offers fully automated bots that are designed for professional crypto traders. Altcoin and bitcoin trading is done on autopilot on the…

Leave a Reply

Your email address will not be published.

32 + = 37