Directory Image
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Policy.

5 Best Cryptocurrencies For Long-Term Investment

Author: Yulia Icrypto
by Yulia Icrypto
Posted: Jan 26, 2022

Over the past couple of years, the cryptocurrency market, which is still in a nascent stage, has gained notable momentum and has been drawing several young Indian investors' attention towards it. Retail as well as institutional investor sentiments are high on investing in digital currency for long-term or short-term profits.

Undeniably, cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin are among the popular cryptocurrencies that most people are aware of. Young investors, who are willing to test the waters of crypto investments, are not sure of where to begin. However, similar to the stock market, the crypto industry is subject to market risks and comes with both profits and losses.

Investing in the crypto market comes with its own share of risks and hurdles. One needs to trade with carefulness and direction. However, cryptocurrency exchanges like Binance, BitMart and WazirX are providing high-quality services and helping users understand crypto with the help of detailed information and enabling one to understand the technology. The industry has provided an array of opportunities to all classes of investors and the growth curve has only been getting steeper.

Here are the 5 best cryptocurrencies that you can invest in for the long-term in India in 2022 -

  • Bitcoin (BTC)
  • Bitcoin (BTC) is the pioneer in the cryptocurrency world and was created in 2009 by someone under the pseudonym Satoshi Nakamoto. BTC is also referred to as ‘digital gold' and is the world's largest cryptocurrency in terms of valuation. Bitcoin's price per token has skyrocketed approximately 113% a year. BTC’s valuation has hit a new lifetime high of approximately $67,000 per token.

  • Ethereum (ETH)
  • Ethereum is a rising competitor and is almost always compared with Bitcoin. Ethereum is considered the second-largest cryptocurrency by valuation with a market capitalization of approximately $469 billion. Of late, ETH's share in the crypto market has risen from 18 to 20 percent with its price per token having surged roughly 458% across 2021's trading.

  • Cardano (ADA)
  • Cardano is a decentralized blockchain platform that also mines its own native cryptocurrency. It is notable for its early embrace of proof-of-stake validation, a more advanced consensus mechanism for blockchains that reduces the computational cost of proof-of-work validation. Cardano makes secure peer-to-peer transactions possible. Cardano enables decentralized applications and smart contracts, which are powered by its native ADA token. ADA has witnessed relatively modest growth in comparison with other major crypto coins.

  • Ripple (XRP)
  • Ripple is one of the largest digital asset projects in the decentralized finance industry with a market capitalization in the tens of billions of dollars. Launched in 2013, Ripple's total supply of 100 billion XRP tokens still makes it qualify as a low-value crypto asset. Presently, Ripple’s usage is in cross-border payments by over 250 banks globally owing to its impressive transaction processing time with a bare minimum fee.

  • iCW Token (iCW)
  • iCW is a DeFi token from iCryptoWorld, the company behind a massive mining operation in low-cost energy Siberia. The proceeds from the sale of iCW are used to increase computing power, which allows mining even more of the most relevant cryptocurrencies, thereby increasing the value of the iCW Token itself.

    iCW’s optimal location of data centers in regions with cold weather ensures the ideal indoor temperature for mining and minimizes electricity costs due to natural cooling of the equipment. Moreover, iCW takes up projects for clean rivers, clean air, and clean land working closely with people who are involved in these initiatives at a grassroots level. The iCW Token is listed on Pancakeswap and BitMart Exchange.

    If your goal is to invest in cryptocurrency for the long-term, you must be wondering what to invest in and whether cryptocurrency is a good long-term investment. In this article, we list the 5 best cryptocurrencies that you can invest in for the long-term in India. Learn more about the token on https://icwtoken.com
    Rate this Article
    Leave a Comment
    Author Thumbnail
    I Agree:
    Comment 
    Pictures
    Author: Yulia Icrypto

    Yulia Icrypto

    Member since: Jan 19, 2022
    Published articles: 3

    Related Articles