Best Long-Term Crypto Investments For 2022
The best long-term crypto investments for 2022 are the ones that will still be around by that date. Here are a few that are still in their infancy. These are Bitcoin, Dogecoin, Binance Coin, and Solana, to name a few.
Read on to discover what to look for in a long-term investment. Once you have chosen one, you should invest in it and see what happens.
Bitcoin
It is important to remember that while close to 20,000 cryptocurrencies exist today, fewer than 10% will post exponential growth and make HODLers stupidly rich. Therefore, the best long-term crypto investments for 2022 are the ones you can actively chase and accumulate today.
Experts analyzed the crypto market and determined the 10 best long-term crypto investments to find these coins. Listed below are the 10 best long-term crypto investments for 2022.
Ethereum - One of the best long-term crypt projects today is Ethereum, which is surrounded by tens of supposed Ethereum-killers. These cryptocurrencies are replicating the technology of Ethereum, but with some core features to set them apart.
Solana is good for speed and scalability, while Cardano is best for safety. Be aware that virtual currencies are highly volatile, and your capital is at risk.
Binance Coin
The CEO of Binance is Changpen Zhao, who has proven his worth in the industry with his success in the first place. Binance Coin is one of the top cryptocurrencies on Coinmarketcap and is consistently growing in trade volume. It has displayed impressive price stability and growth, and its value multiplied by x3 in early 2019.
Its price is considered one of the most promising cryptocurrencies of the future, so buying Binance Coin may be the best long-term investment strategy for 2022.
Solana is on a mission to prove that blockchain is the future of the internet, and has been going full-steam in expanding its ecosystem. They have onboarded nearly every emerging crypto technology, including a handful of decentralized exchanges and decentralized applications (dApps).
Solana has been one of the best long-term investments for 2022 and has a market capitalization of $5.70 billion as of early 2022.
Dogecoin
Aside from its popularity, Dogecoin has many positive attributes. Its price has increased by 47% in the past few weeks, and its value is considered one of the best meme coins. As such, it's a great long-term investment option. However, if you don't understand how it works, investing in Dogecoin might not be for you.
Founded by two software engineers in 2011, Dogecoin was initially a joke. Its goal was to mock the cryptocurrency industry, and until recently, it was a non-entity. This didn't happen until 2020 when Elon Musk took notice of it.
Meanwhile, the developer team that abandoned it resurfaced to update its core software. In the meantime, the price of Dogecoin may hit $1 one day.
While the price of Dogecoin will likely rise in the long run, the cryptocurrency market will have stabilized around the time when inflation peaks. With more confidence in the crypto market, Dogecoin is likely to attract new investors during future cryptocurrency hype cycles.
This will help its long-term price appreciation. However, be cautious when investing in virtual currencies, as they can be very volatile.
Solana
Solana is a cryptocurrency that has a decentralized ethos and has seen several outages in the past. In fact, on April 18, 2022, the entire Solana ecosystem went down for seven hours. During this time, the system was unable to reach a consensus. The outage was attributed to a bot invasion. Since the outage, Solana's price has fallen by about half.
Solana has a market cap of $13.9 billion, making it the ninth-largest cryptocurrency. It is ahead of Polkadot and dogecoin. Solana is still far from its recent high, however, and is currently trending downwards.
However, this is only temporary, as the price of the cryptocurrency can reverse course at any time. That's why it's essential to research any new cryptocurrency before you invest.
Solana is also a blockchain that is at the forefront of non-fungible token transactions. This blockchain is becoming increasingly popular among NFT traders, and its versatility is enticing to investors. Moreover, Solana has a low transaction fee and is highly stable.
These qualities make it one of the best long-term investments in 2022. If you can buy a few dozen Solana tokens now, you should be able to make a profit by the end of this year.