If you are searching for the Best cryptocurrency to invest for the long term in 2021? If yes, then definitely read this article till the end. In this article, we will talk about the 5 best cryptocurrencies in which you can invest in the long term.
The first cryptocurrencies have been around for more than 10 years and are constantly fluctuating. There are currently more than 3500 cryptocurrencies in existence, but many have lost their potential and disappeared from the market.
While there are many cryptocurrencies out there that continue to surprise everyone with their success and recognition, in the year 2016, 1 bitcoin was $400(Around). In contrast, at present, it has been more than $45244 and is increasing continuously. So its potential can be understood.
Best Cryptocurrency To Invest for Long term
So let’s know which is the best 5 cryptocurrencies, in which one can invest for a long time and earn a good profit.
1. Bitcoin (BTC)
We have placed bitcoin at number one because it is the most popular and largest cryptocurrency globally. It is one of the oldest cryptocurrencies in the world, which became famous as a payment system. It can handle millions of transactions through its lightning network. Most experts prefer to buy bitcoin in cryptocurrency; they believe that it will go to greater heights in the future.
2. Ethereum (ETH)
Ethereum is the second-largest and most popular cryptocurrency globally, which is the first choice of most people. A strong community has a hand in developing it, which introduced smart contract technology. Ethereum (ETH) is available on almost all exchanges and can be stored in various wallets. You can exchange them using Ethereum to bitcoin or Electroneum to bitcoin exchange online service.
3. Ripple (XRP)
At number three, we include Ripple (XRP), one of the third largest cryptocurrencies. It is developed on its own patented technology, known as the Ripple Protocol Consensus Algorithm (RSPCA). It is mainly used to facilitate low commission currency exchange, payment ecosystem, and rapid international transactions. Many well-known banks globally, such as Axis, Yes Bank, Westpac Bank, support XRP. It can prove to be a promising cryptocurrency for long-term investment.
4. Litecoin (LTC)
Litecoin is a peer-to-peer cryptocurrency based on encryption techniques similar to Bitcoin, which is known to have a much faster transaction confirmation rate. Also, sometime back, it has been upgraded with privacy and scalability as well as fungibility. Litecoin is, in a way, an improved version of bitcoin and in which investment can be made for a long time. Litecoin is available on the most popular exchanges and is supported by several wallet partners.
5. Bitcoin Cash (BCH)
Lastly, we have placed Bitcoin Cash (BCH), which is very similar to Bitcoin itself. Bitcoin Cash has increased the size of blocks compared to Bitcoin, allowing more transactions to be processed and improving scalability. The number of Bitcoin Cash users is relatively high, and there is a very promising roadmap ahead which is why it is being accepted around the world. You can invest in Bitcoin Cash (BCH) in the long term.
At present, there are more than 3500 cryptocurrencies, out of which we have told you about the famous and reliable 5 cryptocurrencies. It is the perfect cryptocurrency for a long-term investment. If you know of any well-known and reliable cryptocurrencies where to invest for the long term, do let us know in the comments.
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