SERVICES: The 3best cryptocurrency To Buy In The Long Term At Economic Prices
If you are looking to buy the best cryptocurrency and wondering which cryptocurrency will prove to be a profitable investment, you have landed in the right place. [...]
If you are looking to buy the best cryptocurrency and wondering which cryptocurrency will turn out to be a profitable investment, you have landed in the right place as we highlight the top 3 cryptocurrencies to buy in the long term below.
As cryptocurrencies grow, people develop an interest in the cryptocurrency market. The old debate about how viable and profitable cryptocurrencies can have gradually been phased out. As assets become more acceptable for day-to-day transactions, more people are adopting them.
Currently, there are many trending cryptocurrencies on the market. Most cryptocurrencies are gaining value very fast and can boost your long-term investment plans. Some of these core assets have a market capitalization in the billions of dollars and we will focus on the largest capitalization market.
But it can be confusing trying to choose a particular cryptocurrency to invest in, given the volatility of the cryptocurrency market. The best option to consider as an investor is to diversify your portfolio of digital assets.
In this article, we select the top 3 cryptocurrencies to buy for long-term price growth. Our categorization is based on the asset's market capitalization, price trend, and future predictions from experts.
The 3 best cryptocurrencies to buy for long-term investments
1. Buy Bitcoin (BTC)
Bitcoin is the world's first and largest crypto that is widely traded. Its debut was in 2009, and the Bitcoin BTC token remains on top of the world of cryptocurrencies. BTC is currently priced at $ 35,700 with a market capitalization above $ 600 million.
The Bitcoin trade is meant to create scarcity and deflationary effects for the asset. With a supply limit of just 21 million and the block halving system, the shortage of Bitcoin is comparable to that of gold. Hence, Bitcoin is referred to as digital gold.
This makes Bitcoin to be regarded as a store of value. Even in times of economic crisis, Bitcoin will continue to be that digital asset that will serve as your safe haven.
The high market cap value and price of BTC show its leading and dominant power in the crypto market. Bitcoin has a dominance of more than 70% in the cryptocurrency market. Although the crypto dropped around $ 2k in price in the last 24 hours, its recent trend in price speaks for it.
Bitcoin has seen tremendous price appreciation since its inception in 2009, printing higher lows and highs despite its volatility, putting it at the top of the list as a great option for long-term investing.
Bitcoin adopters: PayPal, AT&T, and Microsoft
This digital currency has a broader acceptance value in the payment of goods and services than other cryptocurrencies. Some of the companies that you can transact with BTC are PayPal, AT&T, Microsoft, and others.
From the price increase from $ 30,000 to $ 65,000 between January and April 2021, there is a prediction of a continued increase by the end of 2021. According to crypto experts, Bitcoin will exceed $ 100,000 by the end of 2021.
This future price prediction for Bitcoin makes this digital asset viable for long-term investments. It is the best time to buy Bitcoin, as the king of all currencies will recover his previous losses by breaking all barriers.
2. Buy Ethereum (ETH)
Ethereum is the world's second-largest traded crypto after Bitcoin. The native Ethereum token ETH was created in 2015. The price of ETH is $ 2,649, with a market capitalization that exceeds $ 300 billion.
Recent updates to the Ethereum blockchain add further value to the Ethereum token. This positions ETH as, in many ways, a better and more competitive digital asset for Bitcoin.
Ethereum is a smart contract platform that performs transactions on the blockchain. In addition, ETH also allows the operation of decentralized applications.
This makes it unique and popular in the crypto world, as well as a good digital asset to invest in. Also, Ethereum has no maximum supply limit. This implies that there is no limitation on mining or minting this digital asset.
A review of the Ethereum price trend shows an increase from $ 746 in December 2020 to $ 2,567 in June 2021. This increase is an indication that the asset is suitable for long-term investments.
Ethereum $ 50 billion locked
Ethereum allows other programs to run that are compliant with its blockchain. When doing so, there is a gas fee charge that accompanies transactions, and your payment is primarily made in ETH. This has helped the Ethereum value increase.
Else, Ethereum has more than $ 50 billion in total locked value (TVL). This indicates an increase in demand for digital assets.
With the recent ETH 2.0, Ethereum is improving its services that have been a limitation in its past. According to crypto experts, ETH is preparing for a bull run that will push it to a record high.
3. Compre Dogecoin (DOGE)
Dogecoin has recently been making big waves in the cryptocurrency market after rebounding from its dark past. The recent increase in this digital asset is attributed to Tesla CEO Elon Musk. Musk has paved a great path for Dogecoin through recent tweets from him and has earned a name as the 'Dogemaster'.
Created in 2013, Dogecoin, which was created to simulate cryptocurrencies, is now one of the leading legitimate and viable cryptocurrencies.
The price of the dogecoin token, DOGE, is $ 0.36 and has a market capitalization of more than $ 45 million. By far, Dogecoin is one of the top cryptocurrencies with high transaction volumes in the cryptocurrency market.
Dogecoin records over 18 billion tokens in volume in the last 24 hours. This reflects the potential of the asset as a viable and profitable cryptocurrency for long-term investments.
Dogecoin to offer 100% yield by year-end
At its current price, Dogecoin is an inexpensive digital asset to buy for long-term price growth. Its growth rate is quite impressive. The price of this asset skyrocketed from $ 0.0046 in January 2021 to $ 0.36 in June 2021. This represents an increase of more than 7,000%.
The DOGE price increase has been really tremendous. One of the big influencers in the price increase is the tweet from Tesla CEO Elon Musk, in which he reveals the close collaboration between his company and Dogecoin.
Also, as one of the cryptocurrencies accepted for payment by some organizations, Dogecoin's value is increasing.
Following its rise and the power of the trendy 'meme' brand, some crypto experts have come up with a future prediction of Dogecoin's price. Expectations predict that DOGE's price will hit $ 0.78 by the end of 2021, a return of roughly 100% over the current price.
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Crypto = Digital money for an increasingly digitized world
Investing in crypto is one of the best investment options in the world today. As the world system becomes more digitized, people will turn to the use of digital currencies as well.
However, you should remember that your profitability in investing in crypto lies in purchasing assets that have long-term price growth potential.
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