There are thousands of cryptocurrencies in the market, but the goal is to find the top cryptocurrencies to hold. It is sometimes not easy to select the virtual currencies to invest in. This is why we have decided to create this “top 5 cryptocurrencies to hold” guide.
We will focus on long-term stability, volatility and adoption. At the same time, we would definitely focus on how they could change the cryptocurrency market in the long term. Most of these currencies are legacy coins, but this does not mean that they are not good to hold. Indeed, they could provide stability to your portfolio and help you have a more balanced and stable investment.
Disclaimer: the information shared by AltSignals and its writers should not be considered financial advice. This is for educational purposes only. We are not responsible for any investment decision you make after reading this post. Never invest more than what you are able to lose. Always contact your professional. financial advisor.
There are five cryptocurrencies that could be a good idea to hold for the long term. Depending on your trading strategies and personal preferences they might change or you could add some others to this list. We have chosen these virtual currencies for their longevity, adoption and also because they have proved to be resilient over time.
Bitcoin is the largest cryptocurrency in the world. When we talk about it, we only know that it has been the most attacked but also the most successful cryptocurrency. One of the strongest points of Bitcoin is related to its price stability when compared to others.
Bitcoin’s price movements are usually less volatile than other altcoins. This is due to the large liquidity that it has and also due to the long-term view that investors usually have on it. At the same time, traders prefer to use other virtual currencies with more volatility than Bitcoin.
This cryptocurrency is also considered to be a store of value. Many investors would not sell the coin even if it falls by 90%. Thus, we believe Bitcoin is one of the top 5 cryptocurrencies to hold.
Litecoin is another virtual currency that we should pay close attention to. This cryptocurrency was created a few years after Bitcoin and it is used to make fast and cheap transactions. Litecoin is considered to be the silver to Bitcoin’s gold.
One of the things that Litecoin shares with Bitcoin is related to a community that usually holds both digital assets and that does not consider these coins to trade. Although many investors do so, most of them prefer to hold it for longer periods of time.
Let’s not forget that both Bitcoin and Litecoin have a limited supply and they have a clear halving structure that makes their total supply predictable.
Ethereum is the second-largest cryptocurrency in the world and for a reason. It has a large community and it has helped the cryptocurrency market expand with a wide range of solutions and services.
In the long term, Ethereum could be one of the best cryptocurrencies to hold. Why? Developers are working to make Ethereum more efficient to send transactions and execute smart contracts. The goal is to also make it cheaper for users to perform transactions.
In the coming years, Ethereum would definitely play a more important role in the industry. Holding this coin could definitely make a difference if its price starts moving higher.
Cardano is another coin that we should talk about. This digital asset has been among the most promising ones in the industry in recent times. Although there are few applications and solutions running on Cardano right now, this is a virtual currency that could be worth holding.
As one of the top 10 coins, it deserves recognition for all the work developers have done to improve the crypto ecosystem. In the coming years, Cardano would definitely be among the most useful coins if the solutions they planned are released to the market.
The last coin in our top 5 cryptocurrencies to hold list Chainlink. This virtual currency has also shown that it is resilient that it offers very useful solutions and that it could be a good virtual currency to hold for the long term.
With more and more blockchain data being used to execute smart contracts using reliable oracles would be definitely important in the coming years, and Chainlink knows that.
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