Best cryptocurrency to invest in for the Long Term
New Delhi: The year 2021 has been the year of cryptocurrencies. As the crypto market saw a major gain in the first half of the year, the craze for the coins kept on increasing. Big companies like Apple, Google, Tesla, Samsung, Facebook, and Paypal have recently included cryptocurrencies in their long-term strategic plans.
A few years back Who would have thought that Bitcoin will touch the $62,000 mark which eventually attracted tons of investors to the market. Some of them were lucky who got onto this fun ride while some are still not able to make their mind.
At this moment the crypto market is in a recovery phase after a huge dump in the past. Bulls are aiming to take full control of the market. So if you are looking to invest in the market for long term then you should consider these coins before they just shoot up.
BTC is the world’s most famous and largest cryptocurrency. Satoshi Nakamoto, who is still anonymous, created BTC in 2009. It is a decentralized digital currency that can be sent from one to another by using a peer-to-peer BTC network without any intermediaries.
It has a supply of 21 million maximum coins and till now more than 18 million have already been mined.
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ETH is the 2nd-largest cryptocurrency by market capitalization and the next generation of blockchain technology that has grabbed eyeballs of the investors. ETH is one of the top contenders for the best cryptocurrencies to buy list for the long term.
Vitalik Buterin and 7 others created Etherium in 2014 and it is one of the largest platforms for decentralized applications also known as DApps. ETH has a bright future and it is expected that it will continue to shine.
LINK is among the best coins to invest in this year as this project still arouses the interest of retail and institutional investors alike. Chainlink expands the capabilities of smart contracts by enabling access to real-world data and off-chain computation while maintaining the security and reliability guarantees inherent to blockchain technology.
The coin which was just started as a meme cryptocurrency has come a long way. 2021 has been a turnaround year for DOGE. The coin saw an increase of 15,000% which makes it one of the hot cryptocurrencies to buy.
Dogecoin is a direct source of encouragement for all the altcoins who are still trying to prove their existence in the market. Tesla and SpaceX boss Elon Musk’s boost has given a huge push to the token.
DOGE hit a massive rally to touch the $0.74 mark in mid-April which made it surpass Twitter and Ford Motors in market cap.