4 top crypto currencies for long-term investment
Previously, people used to watch the stock market trends for wealth creation, however, now the prime focus has moved to buying crypto currencies. Just like last year, Bitcoin has once again topped the list of the world’s most popular virtual coins by the market cap. Although Bitcoin went through some significant fluctuations back in 2018, it still stands tall as the most accepted crypto coin and traded by merchants and investors.
Keeping Bitcoin as an exception that always is on the top, let’s explore the following list of some of the best long-term crypto currencies investments.
1. Bitcoin [BTC]
Bitcoin got to celebrate its 10th birthday on 3rd Jan 2020 and not just that, it was a great year for it as well. We were not the only one who predicted this but also John McAfee, a popular face amongst the crypto community and founder of McAfee was very optimistic about Bitcoin. He predicted that it would hit $1 million by 2020.
If we look closely at the coin’s potential, it recently broke the headline as its trading volumes hit record highs in Venezuela. In addition to that, the NASDAQ stock exchange is said to add the BTC index to its trading services. Bitcoin for quite some time has been showing a positive trend, it touched $9000 a couple of days back.
2. Ethereum [ETH]
Right after Bitcoin comes Ethereum. It is the second-largest currency in the list of crypto currencies and one of the finest long-term altcoins that are extremely popular and potent. Several big blockchain companies are religiously investing in ethereum. It was founded in 2017, the Enterprise Ethereum Alliance has over 200 organizations that are currently testing out a version of Ethereums’ blockchain in several industries.
Moreover. Ethereum is a credit holder as it is based on blockchain technology that transcends into currency-only applications. This is beloved by entrepreneurs as it has the ability to integrate smart contracts protocols into its blockchains.
3. Stellar [XLM]
Just like Ethereum, XLM’s blockchain is its USP. Due to its smart contract protocols, XLM is also in high demand not only by financial companies but also big corporations. After its partnership with IBM and KlickEx, it has taken its blockchain to another level.
Several banks have deployed Stellar’s blockchain technology to take care of multiple currency payments received from IBM’s customers. XLM has had a stable month with not so much volatility in its price. The highest it has reached was on May 19th 2020 when it touched $0.14. Stellar is not in partnership with IBM and Deloitte, this might help it surge.
4. Ripple [XRP]
Ripple is not that far behind in this race of long-term crypto currencies. People who work in the banking and financial institutions are going after it. Thanks to its XRP, you can use the Ripple coin as an intermediary in the future for quick transaction-processing times and smooth cross-border transactions.
To explain it better, let us take an example. Imagine this, you are making a payment in yen and need to transfer that money to someone in the U.K., then with the help of Ripple’s blockchain, you can instantly convert yen into XRP and vice versa.
Hence, any non-card payments made via American Express’s FX International Payment network to U.K. Santander accounts are now being routed through Ripple’s blockchain and instantly processed.
Conclusion
The aforementioned were some of the best crypto currencies that you can invest in, but if you are still confused about whether you want to buy bitcoin in India or any other digital currency that can provide you with 100x returns. It will be better if you research thoroughly about the crypto currency, the development team behind it, and blockchain.