Some cryptocurrencies have achieved unfathomable success, while others have gone bankrupt en masse.
Given this volatility, all investors look forward to 2022 for these digital currencies. In this regard, look at the top 10 long-term cryptocurrencies to buy and hold in 2022.
Like most cryptocurrencies, Bitcoin runs on a blockchain, a network of thousands of computers that verify transactions in real-time without the intervention of intermediaries. It is the first choice of all cryptocurrency investors, making it one of the best long-term cryptocurrencies to buy and hold in 2022.
The Ethereum blockchain is a public and open-source blockchain and allows the end-user to execute their own code through the intelligent contract function. The Ethereum blockchain has its own cryptocurrency called Ether. Ether is the fuel of the network, which uses it in the form of payments or commissions to execute any transaction. Blockchain deliberately uses cryptocurrency to avoid code loss and keep the chain running.
The third coin on the list is almost the same as Bitcoin, with a few changes. It is an open peer-to-peer cryptocurrency. Furthermore, it can act as a scenario-based consensus network, differentiating it from the Bitcoin engine. It is one of the best long-term cryptocurrencies to buy and hold in 2022.
Cardano is touted as a “green” cryptocurrency as it aims to avoid the energy-intensive parts of the mining process specific to bitcoin. It is the first significant cryptocurrency based on the proof-of-stake model. This model allows holders to stake coins and create their own validator nodes.
Designed to leverage decentralized finance (DeFi), decentralized applications (DApps), and intelligent contracts, Solana is powered by a unique hybrid stake-verification and history-verification engine that helps process transactions quickly and securely. SOL, Solana’s native token, supports the platform.
Polkadot is one of the most popular cryptocurrencies in the cryptocurrency market. The polka dot network offers low fees and faster speeds than other cryptocurrencies, making it the number one choice for cryptocurrency investors. Polkadot is arguably the best of the bunch when it comes to scalability.
Tether is useful to cryptocurrency investors because it provides a way to avoid extreme volatility in other cryptocurrencies. This creates liquidity for the trading platform, creates a free exit strategy for investors, and increases the flexibility and stability of investor portfolios.
It is one of the best long-term cryptocurrencies to buy and hold in 2022.
The coin emerged in 2017 when the Bitcoin community was divided over the direction it should move. Bitcoin Cash may have a lower exchange value than its cousin Bitcoin, but it offers faster transaction speeds with lower fees. It is one of the best long-term cryptocurrencies to buy and hold in 2022.
Terra is a stable coin blockchain payment platform based on maintaining a balance between two types of cryptocurrencies. Terra-backed stablecoins like TerraUSD are pegged to the value of physical currencies. Their counterweight, the Moon, powers the Earth’s platform and is used to mint several of Earth’s stablecoins.