The 7 Best Cryptos to Buy and Hold For Later


Cryptocurrencies are a major asset class now, even for institutional investors. However, choosing the crypto assets to invest in can be challenging, especially with so many seemingly good options.



Not every crypto asset that looks attractive is good as an investment, though, as some do not have what it takes to survive the long haul. Therefore, you must choose your assets carefully to avoid losses and regrets later.

So, here are seven of the best cryptocurrencies to consider due to their fundamentals that show long-term prospects in the crypto space.

1. Bitcoin (BTC)

Bitcoin is the largest cryptocurrency by market capitalization. It currently dominates 41% of the entire crypto market, which comprises more than 20,000 cryptocurrencies. Bitcoin was the first cryptocurrency created, so most investors look to it as an asset, otherwise known as digital gold.

Many institutional investors have backed Bitcoin over the last few years, mainly because of inflation affecting the US dollar and other global currencies. At the time of writing, we’re in a bear market, but people are still buying Bitcoin, demonstrating that they still trust its future.

It has also performed better than many top assets, including the FAANG stocks. Bitcoin is also recommended for crypto-newbies with little knowledge about crypto since it’s relatively stable compared to altcoins.

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2. Ethereum (ETH)

Ethereum is now a household name as it’s the backbone of all things decentralized applications (DApps) and smart contracts. The second largest cryptocurrency by market cap after Bitcoin, Ethereum has a lot of potential ahead with its switch to the proof of stake consensus algorithm, scheduled for later in 2022 (though it’s been scheduled for years at this point).

The Ethereum merger is expected to bring about major positive changes such as faster transactions, Ethereum staking, and a reduction in Ethereum’s notoriously high gas fees.

Ethereum’s transition to PoS has been a long time coming, so the crypto community will likely increase network usage when it is completed.


3. Dogecoin (DOGE)

If you have been anywhere around cryptocurrencies, you may already know what meme coins are. Well, Dogecoin is their king, but that is not why it made it to this list. Instead, Dogecoin is transitioning from being just a meme coin to becoming a cryptocurrency with real utility.

For a long time, Dogecoin was only known as a fun cryptocurrency, riding on the wings of people like Elon Musk for the price to surge. However, Dogecoin developers have started bringing some real use cases to the network.

For example, a Dogecoin developer minted the first ever NFT on the network in December 2021. As NFTs are among the biggest things in blockchain technology, this opens the door to potential growth for the network and the coin.

Dogecoin is also now used as a means of payment for AMC theaters and some Tesla merchandise. With these use cases and more to come, Dogecoin could earn its place among the top cryptocurrencies—not just by Elon’s hype tweets.


4. Binance Coin (BNB)

Binance is the number one cryptocurrency exchange in the world, and Binance Coin (BNB) is its native token. That alone makes it a force in the cryptocurrency market, but there’s more. Binance continually develops its ecosystem with new features, including an NFT marketplace.

As the ecosystem develops, its users will use mainly BNB for fees and other payments, a situation that naturally increases the value of a crypto asset. BNB is also the native token on Binance Smart Chain (BSC).

BSC has risen quickly to become a strong competitor against Ethereum due to the faster transactions and lower fees. All of these contributed to increasing the token’s value to where it is and could still play a major role in increasing it in the future.

5. XRP

XRP is the native token used to power cross-border remittance service for Ripple (no, Ripple and XRP are not the same). Currently the seventh largest cryptocurrency by market cap, the token dropped to this level shortly after the lawsuit against Ripple in 2021. Investors lost interest in XRP as a result of the allegations, but time may say something else.

Despite the lingering court case, Ripple has made giant strides. First, its token XRP has seen adoption as payment for cars in Japan, and in the most recent development, it partnered with Singaporean digital banking company FOMO Pay for treasury payments.

6. Cardano (ADA)

Cardano is a crypto that flies under the radar of many crypto users. Developed by Ethereum Co-Founder Charles Hoskinson, ADA is full of potential, developing for a decentralized future with support for smart contracts, NFTs, and more.

Like Binance, the project has built new features, including an NFT marketplace. Another major Cardano feature is the Cardano Launchpad, where new crypto projects are launched.

All of these services are powered by ADA, the native Cardano token, which though still low in value, may grow with the many use cases.


7. Shiba Inu

Another meme cryptocurrency on the list is Shiba Inu. The Ethereum-based token has also received support from Elon Musk, contributing to its meteoric rise in 2021. Despite the price stunt, many still believe the token is going to zero as it has no use case other than its representation of the popular Shiba Inu dog breed.

That situation could change, though, as Shiba Inu has been improving to support real-world use cases. This meme token’s use case is mainly for goods and services payment. There are currently dozens of merchants who accept Shiba Inu as payment.

Another major feature the project may add in 2022 is blockchain gaming. This is a popular application of blockchain technology and a fast-growing one, which means its addition can significantly turn the fortunes of SHIB, the native token for the project.


Which Crypto Will You Pick?

Now that you know about these cryptocurrencies and their potential to grow in the future, you can pick the ones that interest you as investments.

Like anything else, not everyone will be interested in the same cryptocurrencies, and this is fine. Always complete research before making any cryptocurrency investment, and never invest more than you can afford to lose.



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