Top 12 Coins for Long Term Crypto Investment (2024)

$BTC emerged in 2009. It is the most expensive cryptocurrency. Its decentralized nature and limited supply makes it preferable for investors, media, and businesses. The Bitcoin chain operates on Proof of Work consensus mechanism to secure transactions. In return, the miners win reward for their efforts.

Why choose Bitcoin?

Investors are drawn towards $BTC due to its unparalleled brand recognition and historical performance. It is the first cryptocurrency. Moreover, it also offers a relatively stable price compared to newer tokens.

Buy $BTC

Ethereum was launched in 2015. It has introduced smart contract functionality. This enables developers to create dApps and automated contracts. Ethereum has also upgraded to Proof of Stake consensus mechanism. This enhances scalability and energy efficiency.

Why choose Ethereum?

Investors prefer Ethereum for its dominance in the DeFi and dApp. Its ongoing upgrades focus on improving transaction speed and security.

Buy $ETH

$BNB launched as Binance exchange’s utility token. The token holders get access to reduced trading fees and exclusive exchange features. It also serves as the backbone of the Binance Smart Chain, enabling fast and low-cost transactions.

Why choose Binance Coin?

The token shows potential for further expansion with the exchange. Its low transaction costs and high throughput also add to its pros.

Buy $BNB

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Solana is popular for its speed and scalability. It offers a transaction speed of approx. 65,000 per second. It uses the Proof of History consensus mechanism which synchronizes time across the network.

Why choose Solana?

Investors favor Solana for its technology and potential for adoption. It offers relatively higher transaction speed and scalability. This helps address key challenges faced by blockchain networks.

Buy $SOL

Polkadot works towards blockchain interoperability. It enables easier communication across blockchain networks. It further allows collaboration and innovation, enabling projects to interact and share resources. Thus, it has also become a preferred platform for building scalable and interoperable dApps.

Why choose Polkadot?

Polkadot focuses on interoperability. It can connect blockchain networks. It also has an active developer community and supports diverse projects.

Buy Polkadot ($DOT)

Cardano offers a secure and scalable platform for P2P transactions. It uses the Proof of Stake algorithm. It also prioritizes energy efficiency and sustainability while maintaining higher throughput. Cardano offers a structured architecture and focuses on safety. This makes it a preferred choice for building dApps.

Why choose Cardano?

Investors choose Cardano due to its energy-efficiency. It is also a scalable blockchain platform. Furthermore, it offers a secure environment for complex smart contracts and dApps.

Buy $ADA

Avalanche enables quick and secure transactions in a decentralized manner. It also has an innovative consensus mechanism and incentivized participation model. This helps encourage active engagement within its ecosystem.

Why choose Avalanche?

Investors favor Avalanche for its quicker transaction processing and support for blockchain projects. Its incentivized participation model also enhances engagement.

Buy $AVAX

Polygon is a Layer-2 Ethereum scaling solution. It offers faster transaction speed and affordability. It also focuses on interoperability. It solves scalability issues and expands Ethereum’s ecosystem.

Why choose Polygon?

Polygon addresses Ethereum’s scalability issues. It is also solving real-world problems.

Buy $MATIC

Injective offers lightning-fast transactions and smart contracts support. It enables developers to create advanced financial applications. $INJ has utility within the platform and shows a growth potential.

Why choose Injective?

Investors choose $INJ due to its rapid growth and innovative approach to DeFi. Injective also supports various DeFi applications.

Buy $INJ

Uniswap allows P2P token swaps from users’ wallets. It has a decentralized model. Its governance token $UNI allows users to participate in decision making. And that too while having complete control over the assets. It also offers a user-friendly interface. This makes it an attractive choice for investors seeking transparency.

Why choose Uniswap?

Investors favor Uniswap for its decentralized model and governance features. It offers transparency and autonomy in trading activities.

Buy $UNI

Cosmos helps enable interoperability between disparate blockchains. This helps ensure seamless communication and collaboration. It also has a stronger consensus mechanism and lower transaction costs. $ATOM, the native token of Cosmos, allows users to stake their tokens. With this, they get a chance to contribute to the network’s security, earning rewards in the process.

Why choose Cosmos?

Investors are drawn to Cosmos for its focus on interoperability and scalability. It also offers a cohesive and connected blockchain ecosystem.

Buy $ATOM

XRP is a streamlined solution for international transactions. It offers fast and cost-effective payment solutions. Ripple Labs’ is also making initiatives to incorporate Automated Market Makers into the XRP Ledger. This further strengthens its position in the cryptocurrency landscape.

Why choose XRP?

Investors choose $XRP due to its efficiency in cross-border transactions. It is known to make continuous efforts to enhance liquidity and efficiency.

Buy XRP ($XRP)

• Reduced risk

The extreme volatility of crypto markets can profit traders willing to study infinite market moves and carefully buy and sell. Still, there is the same risk of substantial losses. Potential long-term cryptos also have significant risk, but long-term holding is a way to somewhat avoid volatility and the stresses of short-term trading. Long-term cryptos often have higher market capitalization with liquidity spread amongst investors and markets, lowering the risk of whale movements or pump-and-dump scenarios.

• Greater potential return

Time may allow smaller investments to gain substantial traction, particularly for early buyers, and if a potential long-term crypto or its native blockchain builds its use base over a period. There is a similar risk of losses, but there are also investors who have carefully picked “the next big thing” in crypto and profited.

• Avoiding scams, ICOs, and weak projects

Some investors seek a profit from a riskier strategy, say choosing an ICO coin or NFT, especially buying before a crypto is listed on exchanges. However, choosing cryptos with long-term potential and perhaps that have already become somewhat established can avoid some of the risk and stress of newer coins.

1. Define goals and identify quality projects
The first part of any strategy should be to identify investment goals and risk tolerance, deciding how much can afford to be lost and over what time period. Investment goals might range from preserving and growing wealth to supporting an innovative technology or particular project of interest.

2. Regular investments
A common strategy for long-term investment, which helps avoid investing more than can be lost, is to invest regular smaller amounts over time. This strategy also helps to avoid some of the impacts of market volatility and accumulates assets over time.

3. Long-term holding
Holding potential long-term cryptos may be a strategy that sees investments span some years. This strategy is one of muting out a certain degree of short-term market volatility.

4. Support a technology of the future
Cryptocurrencies, similarly to stocks, allow investors to support a technology or innovation with future potential, contributing to its success and with the hope of profits when the project gains traction.

5. Active portfolio management
Long-term investing still needs active portfolio management consisting of monitoring project performance, market trends, regulation, consumer sentiment, and competitor awareness. An informed investor can mitigate some market risk and make portfolio changes as required.

6. Risk management
Managing risk is not only being thoroughly informed and knowing one’s risk tolerance but also diversifying investments and, in some cases, taking advantage of stop-loss orders.