With Bitcoin leading the way for some time now, plenty of other cryptocurrencies may be worth a long-term investment. Here are some cryptocurrencies that are likely to see a significant jump in price over the next year or two.
2022 will be a big year for cryptocurrencies, so you might as well start preparing early. But which long-term investments are the best? This article will detail some of the best ones out there.
Binance Coin (BNB)
While most of the hype surrounding the Binance Coin is related to its utility on the exchange, it has many other use cases. For example, you can use the native cryptocurrency of Binance to pay for travel, shopping, and much more. All in all, this makes BNB one of the best long-term crypto investments in 2022.
Tether is also one of the top cryptocurrencies for long-term investments for 2022. This is because Tether is backed 100% by cash reserves. As such, it’s one of the most stable assets out there, with an average daily volatility of just 0.02%. And while this may be low compared to other assets out there, USDT’s liquidity is one of its main selling points.
The granddaddy of all cryptocurrencies is still one of the most sought-after investments globally. Thanks to a relatively small supply and steadily increasing demand, Bitcoin is expected to remain a store of value for years to come.
Ethereum has been around for almost as long as Bitcoin and remains one of the largest crypto projects by market cap. As the world’s leading smart contracts platform, it powers several high-profile decentralized applications and has an active developer community behind it.
This is an Ethereum-based cryptocurrency backed by US dollars stored in US banks. The coin’s value is stable because the dollar’s value does not change much.
Solana is a blockchain platform that uses a consensus algorithm called Proof-of-History (PoH). It uses PoH to achieve fast transaction speeds without sacrificing decentralization or security. The platform is currently being used by several decentralized applications such as Serum and Arweave.
Cardano is a decentralized public blockchain and cryptocurrency project written in Haskell code and developed by Input Output Hong Kong (IOHK). It was founded by Charles Hoskinson, one of the cofounders of Ethereum, who left after a disagreement with Vitalik Buterin on how the project should be developed.
XRP is the native cryptocurrency of the Ripple network and has made quite a name for itself over the years. XRP is a digital asset used by the network to facilitate instant cross-border payments.
Avalanche is a blockchain protocol that can build decentralized applications and financial products on a highly scalable platform, which is reportedly capable of supporting more than 4,500 transactions per second (TPS).
Terra Luna aims to be the first “crypto-native” stablecoin pegged against the moon, which will make it easier for people in developing countries to use crypto as money. The Terra Luna team says that most cryptocurrencies are pegged against the US dollar, which doesn’t offer any benefits to people in developing countries because they don’t have much access to the US dollar.