With more than 19,000 different cryptocurrency coins and tokens in the market, investor interest is growing rapidly. But picking the right mix to maximize your long-term returns can be tough under the best circumstances — trying to do so in a cryptocurrency bear market, a k a “crypto winter,” can be overwhelming.
If you're wondering about the best long-term cryptocurrencies to buy this year, keep watching this video to discover the 3 best long-term cryptos to buy right now.
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#1: Solana
The first crypto project we will discuss in this video is Solana.
Solana is the fastest-growing smart contract platform. It has only been around for 2 years, and within this period, its popularity and user base surged, developer activity on the network skyrocketed, SOL token prices shot up by more than 13000X, and its market cap peaked above $78 Billion, and the Solana ecosystem grew exponentially. It has not shown any signs of slowing down on its mission of overthrowing Ethereum as the most valuable and preferred smart contract platform.
Solana is on a mission to prove the sustainability of its blockchain and proof its future. And this is one of the key reasons why we think you should add it to your portfolio of best long-term crypto investments. To achieve this, it has gone full throttle in expanding its ecosystem. Thus far, it has onboarded virtually all the emerging and fast-growing crypto technologies.
It hosts several metaverse projects and is home to such popular meme currencies as Samoyedcoin. It allows developers to create and launch Web3 apps and programs, hosts several decentralized exchanges, and is home to several dApps and DeFi protocols.
Although Solana was trading below its all-time high of 260 USD in November 2021, it has outperformed the majority of other cryptocurrencies.
It’s never too late to buy and invest in Solana (SOL) in 2022, as the crypto industry continues to be surprised by new infrastructure and innovation from Solana. Today, Solana has built a reputation as a successful host for a wide range of dApps, DEXs, DeFi platforms, and automated market makers (AMM).
That's not all: Solana recently landed its arrival in the NFT sector through its new NFT marketplace, Solonart. Now, the gap between NFT investors and artists can become closer through the Solana blockchain.
We expect all these to continue drawing in users to this ultra-fast blockchain. All these will help it expand its ecosystem and push the token’s price past $1000 by 2024 and as high as $10,000 by the turn of the decade.
However, in very volatile cryptocurrency markets, it is important to do your own research to determine if it is a good fit for your investment portfolio. Whether the SOL token is a suitable investment for you depends on your risk tolerance and how much you intend to invest. Always do your own research. And never invest money that you cannot afford to lose.
#2: Maker (MKR)
Then, we have Maker.
Maker is to the cryptoverse what the banking industry is to the world. It is the largest and most valuable Decentralized Finance platform – according to DeFi pulse. It has more than $9 Billion worth of crypto in total value locked – accounting for close to 20% of the entire DeFi market. Here, you can save and earn high interest on coins or borrow and pay competitive interest on the crypto loan through an easy, straightforward, and instantaneous process.
It provides an actionable solution to the ills staring at the global finance industry, especially inflation, bureaucracy, over-regulation, and negative interest rates. As the challenges facing the baking industry exacerbate, the number of individuals and institutions fleeing to MakerDAO/protocol will only continue rising. This then makes MKR tokens among the best long-term crypto investments today.
Note that when MKR launched in August 2017, it was selling for around $20. Fast forward to its peak in early 2021, MKR token prices are already up by close to 32000%, illustrating the overwhelming reception MakerDAO has received from the crypto community. Moving forward, and as more investors appreciate the benefits of saving in the crypto space over the traditional banking industry, we expect MKR token prices to record unprecedented growth. And this further affirms why MKR is a good long-term crypto investment.
As per Maker price prediction, we believe MakerDAO still stands as a golden chance for crypto traders and investors while buying prices are in the range of most people.
MakerDAO has a bright future, as experts suggest, and it’s not only because of its price analytics. The DAO protocol is joining forces with other market giants and funding their ventures to have a greater scope in the crypto industry.
These efforts contributed to Maker crypto’s performance, reaching 3200 USD. It’s a far sight but most probable, so it’s not too late to be a part of Maker protocol in 2022 and beyond.
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#3: Mina
And the last project of this selection will be Mina.
But what is Mina? Well, to put it shortly, the Mina Protocol is the lightest blockchain in existence. When compared to other blockchains, Mina’s blockchain is almost non-existent. The size of the Mina blockchain is just about 22 Kilobytes, which is tiny compared to Bitcoin's 300GB blockchain.
This fixed size makes it seem like a grain of sand when we compare it with the above-mentioned giants. One could argue that this is due to Mina having fewer users; yet, the size of Mina’s blockchain is not due to its lack of users but rather to its design. The team of Mina designed a blockchain that does not need that much space to run efficiently. This cryptocurrency’s solution overcomes the scalability issue swiftly.
The Mina Protocol uses an enhanced Proof-of-Stake (PoS) mechanism. Their Provably-Secure Proof-of-Stake mechanism is also known as Ouroboros Samasika. Similar to most other blockchains, the Ouroboros Samasika works by enabling all participants to act as nodes when it comes to securing the blockchain and reaching consensus. Moreover, Mina Protocol also supports fully-verifiable smart contracts through Pickles SNARK – a revolutionary composition network. This makes Mina Protocol a cryptocurrency project with huge potential.
While most of the longer-term forecasts are positive, there is still some pessimism surrounding the token. The coin certainly has some way to go before it matches its initial highs and whether it can do that is another matter entirely. As ever, you should do your own research, never invest more money than you can afford to lose, and remember prices can go down as well as up.
So, will Mina Protocol go up?
Potentially. Again, most of the price predictions suggest that it will, but not all of them, and, besides, crypto price forecasts often get things wrong. You will need to remember that there is every possibility the price of MINA could go down, so never invest more money than you can afford to lose and do your own research.
Anyhow, this project is huge, and the earning potential is also huge. You need to add it to your list of cryptos to hold for the long term.
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