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Best cryptocurrency to invest in 2022 for long-term

Best cryptocurrency to invest in 2022 for long-term

  • 21 January 2022
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Cryptocurrencies are gaining lots of traction these days, particularly with speculative crypto investors. Much of the interest in digital currencies is to trade for profit, with speculators at times driving prices skyward. Ultimately, more and more cryptocurrency investors are looking to catch that next big thing with the hope of generating huge returns. From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of cryptocurrencies in the market today. But new crypto investors are always looking for cryptocurrencies that would be great to invest in for the future. Keeping in mind that the crypto market is extremely volatile, these investors hesitate to risk it all the first time. This article features the best cryptocurrency to invest in 2022 for long-term.

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What Are Cryptocurrencies?

Before we take a closer look at some of these alternatives to Bitcoin (BTC), let’s step back and briefly examine what we mean by terms like cryptocurrency and altcoin. A cryptocurrency, broadly defined, is virtual or digital money that takes the form of tokens or “coins.” Though some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible.

The “crypto” in cryptocurrencies refers to complicated cryptography that allows for the creation and processing of digital currencies and their transactions across decentralized systems. Alongside this important “crypto” feature is a common commitment to decentralization; cryptocurrencies are typically developed as code by teams who build in mechanisms for issuance (often, although not always, through a process called mining) and other controls.

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Cryptocurrencies are almost always designed to be free from government manipulation and control—although, as they have grown more popular, this foundational aspect of the industry has come under fire. The cryptocurrencies modeled after Bitcoin are collectively called altcoins, and in some cases, shitcoins, and have often tried to present themselves as modified or improved versions of Bitcoin. Though some of these currencies may have some impressive features that Bitcoin does not, matching the level of security that Bitcoin’s networks achieve largely has yet to be seen by an altcoin.

How to Choose the Best cryptocurrency to invest in 2022 for long-term

Before you venture into best cryptocurrency to invest in 2022 for long-term, there are four critical questions you need to consider.

  1. What is Your Risk Tolerance?

To buy into or invest in cryptocurrencies for the long term, you need to have a high-risk tolerance. Crypto values rise or fall drastically. Furthermore, there are no guarantees they will not end up collapsing.

Take time to consider what would happen to you if all your crypto money suddenly became worthless. Again, putting your money in crypto is speculating and not investing per se. You can only hope that someone will pay for more than you bought an asset for some time in the future.

  1. Why Are You Buying Crypto?

Let’s say you are years away from your retirement date and you decide that you need to allocate at least 20% of your investment portfolio to aggressive investments. If that is you, then long-term cryptocurrencies are your avenue into high returns.

There is a long-term value that attached to cryptocurrencies due to Blockchain technology. This has infinite potential to drive innovations within the financial and other industries. Therefore, investing in crypto for the long term is like investing in the jewel in the crown that is blockchain.

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  1. How and Where Do You Intend To Purchase Crypto?

You may see this as trivial, but you cannot walk into any bank or financial institution and buy cryptocurrency. Peer-to-peer platforms and crypto exchanges operate under little or no regulation. That means as an investor, you lack oversight and protection offered by mainstream crypto platforms and banks.

You have the added burden to assess and evaluate differing layers of security within your preferred platform. Part of your due diligence features is finding and securing the right wallet. Your wallet may be cloud-base or a physical device you can safely keep at home. There is the additional danger that once you lose your keywords, you lose your investment also.

  1. Which Crypto Goes Into Your Long-term Investment Portfolio?

Thousands of token options are available in the crypto market.

Bitcoin has the advantage of being the firstborn, having the largest market share, and currently, the most popular. These traits allow Bitcoin to maintain and increase value, making it an excellent long-term crypto investment asset.

Conversely, you may do lots of research that arouses passion into a specific innovation driving crypto less well-known. Such innovations often have white papers spelling them out. Investing in such a token may rest on personal belief and its return on investment.

In the cryptocurrency world, almost anything can trigger excessively high returns from crypto — Dogecoin, for example. It has seen a massive rise in value, yet people often forget Dogecoin began almost like a joke.

Best cryptocurrency to invest in 2022 for long-term other than Bitcoin

Below, we’ll examine some of the best cryptocurrency to invest in 2022 for long-term than and include Bitcoin. First, though, a caveat: It is impossible for a list like this to be entirely comprehensive. One reason for this is the fact that there are more than 8,000 cryptocurrencies in existence as of January 2022.1

Though many of these cryptos have little to no following or trading volume, some enjoy immense popularity among dedicated communities of backers and investors.

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Beyond that, the field of cryptocurrencies is always expanding, and the next great digital token may be released tomorrow. Though Bitcoin is widely seen as a pioneer in the world of cryptocurrencies, analysts adopt many approaches for evaluating tokens other than BTC. It’s common, for instance, for analysts to attribute a great deal of importance to ranking coins relative to one another in terms of market capitalization. We’ve factored this into our consideration, but there are other reasons why a digital token may be included in the list.

Best cryptocurrency to invest in 2022 for long-term

Bitcoin

Bitcoin has been the oldest and the largest cryptocurrency. It is a decentralized cryptocurrency that was created in 2009 by Satoshi Nakamoto, BTC is the first and original cryptocurrency. As with top cryptocurrencies, BTC runs on a blockchain or a ledger logging transaction distributed across a network of thousands of computers. For new crypto investors, Bitcoin will be one of the best cryptocurrency to invest in 2022 for long-term.

Ethereum

Ethereum is a decentralized open-source blockchain system that features its cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts. ETH has been at the forefront of a blockchain smart contract platform.

XRP

XRP is an open-source cryptocurrency that uses an open-source distributed ledger called the XRP ledger. It is the native coin of Ripple, which is an enterprise blockchain company that facilitates global transactions. The creators claim that XRP was built for payments and can settle transactions faster than most other cryptocurrencies securely and efficiently.

Shiba Inu

Launched in August 2020, the rise of Shiba Inu in such a short time is nothing short of uncanny. At one point, Dogecoin stayed as the top meme currency without much competition. However, SHIB, another memecoin that was created out of online jokes that went viral in 2013 came to the play. It is one of the best cryptocurrency to invest in 2022 for long-term.

Terra

When thinking about the best cryptocurrencies that would be a great investment in 2022 – it is important to consider several projects that offer a safeguard against bearish markets. Terra is one of the newer cryptocurrencies that are making headlines due to its recent successes. It is one of the best cryptocurrency to invest in 2022 for long-term.

Cardano

Cardano is a research-base cryptocurrency that built by engineers, mathematicians, and cryptography experts. It is open-sourced and decentralized, with consensus achieved using proof-of-stake. It can also facilitate peer-to-peer transactions with the ADA token. Cardano is one of the best cryptocurrency to invest in 2022 for long-term.

Solana

Solana is a cryptocurrency that launched in April 2019 as a project focused on permissionless nature to provide decentralized finance (DeFi) solutions such as payment processing, smart contracts, stablecoins, peer-to-peer lending services, and more.

Polygon

This platform looks to address many of the issues facing the Ethereum blockchain while still providing DeFi solutions. Namely, the platform looks to create “Ethereum’s internet of blockchains” by connecting Ethereum-compatible blockchain networks and aggregating scalable solutions on Ethereum. It is one of the best cryptocurrency to invest in 2022 for long-term.

Tether

Unlike other top cryptocurrencies, Tether is a stablecoin that fiat currencies like the U.S dollar and Euro is its back and hypothetically keeps a value equal to one of those denominations. Since it is a stablecoin, it doesn’t have any fluctuations in the highly volatile crypto market.

Binance Coin

Binance exchange developed and marketed Binance Coin. Even though it is originally based on ETH, now it has its Binance chain. BNB is using as a utility token to pay for trading fees and transactions at a lower price. It can trade and exchange for other cryptocurrencies like Ethereum or Bitcoin. It is one of the best cryptocurrency to invest in 2022 for long-term.

5 Tips to Determine Best cryptocurrency to invest in 2022 for long-term

Before putting your hard-earned money into crypto, you may want to consider these tips.

  1. Invest with a Strategy

You’ve probably heard of the phrase, “failing to plan is planning to fail.” This also holds true when it comes to investing. Having a strategy that works well with your investing goals is the first step towards cutting down losses.

  1. Have a Risk Management Strategy

Set a limit on how much you invest in a token and stick to it. Using stop losses to minimize your losses is also a great way to manage your risk. Additionally, don’t invest in crypto with money you cannot afford to lose.

  1. Diversify Your Portfolio 

Investing in single crypto in this highly volatile market is not a good idea. Diversifying your portfolio by investing in different tokens will reduce over-exposer if one or more coins plummets in value.

  1. The Secret is Long Term

Prices tend to fall and rise dramatically regularly. Avoid panic selling after a fall in prices within a short period. Instead, hold your investments in the market for long periods to attain the best return on investment.

Why Bitcoin?

The Bitcoin network was introduced to the world in 2009 by an unknown individual or group called Satoshi Nakamoto. In 2021, there are more than 10,000 different projects in the field of cryptocurrencies. Each of which, having its role in building the future of money.

The market value of cryptocurrencies reached $ 1 trillion for the first time in January 2021 and passed $ 2.5 trillion in less than three months later, which shows that this market is one of the growing markets in the favor of its investors.

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