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Promising coins for long-term investments

Vladlena Martus 2022-06-13

Promising coins for long-term investments

We recently discussed the ups and downs of Bitcoin's price and its recent fall to $28,000. Experts say that a small cryptocurrency winter awaits us, as it was once in 2014-2015, in 2018, after the crypto boom in 2017. Do not despair; you should collect promising coins in your portfolio.

2022 has been quite rich in events from the beginning, so it’s worth taking a break, reading more and more about the state of the market, and thinking about your future. And especially about your future crypto assets. To do this, you need to find the coins that can bring the maximum profit in the future.

Wisebitcoin has already created the list of 5 leading cryptocurrencies that will be fortunate to invest in due to their stable rise year by year, even with their vast fluctuations. We mentioned Bitcoin, Ethereum, Polkadot, Cosmos, and Solana. 

However, more than 10000 coins are available for trading and investing on the cryptocurrency market. It makes picking up another list more difficult, mainly if you are a beginner. 

We decided to make an alternative list with another list of the most promising crypto coins for long-term investments in 2022 for you to pay attention to.  

Remember that cryptocurrencies are quite a risky asset. This kind of trading requires experience, time, and attention and separately set aside money. Keep in mind that these are suggestions and recommendations regarding some of the best cryptocurrencies you can buy for long-term crypto investment. 

Be careful and take your funds seriously! At Wisebitcoin, we do our best to make your trading safe and make your investment an enjoyable and risk-free experience. This article is not financial advice.  

Content: 

Polygon cryptocoin 
Chainlink cryptocoin
Cardano cryptocoin
Litecoin cryptocoin
Sandbox cryptocoin
Conclusion

 

Polygon

Before becoming a blockchain scalability platform, Polygon cryptocurrency was known as the Matic Network, created in 2019. Nowadays, it is used as a blockchain that connects and builds networks compatible with Ethereum. 

Polygon helps create a wide range of scaling architecture solutions, reducing gas fees and reaching about 10000 transactions per second. 

Why should you pay attention to this cryptocurrency? 

  1. Polygon, according to experts, is a promising investment for its framework for blockchain networks. In addition – its compatibility with the Ethereum virtual machine makes Polygon one of the most wanted coins on the market. 
  2. Users get the high speed, affordability, and potential rise of the funds while using the Polygon network for bridging Ethereum assets. It’s a win-win process that leaves any side satisfied. 
  3. Polygon’s price increased by more than 500 times in three years, being traded now for $0,6 only because of the massive Bitcoin drop.
  4. Polygon can integrate with existing DeFi (decentralized finance protocols) projects on Ethereum, and many platforms adopt this feature daily. In addition – NFT minting also uses this technology.  
  5. If you had invested $1000 in this coin at the beginning of 2021, you now have had about $124,649.  

Many experts see Polygon as a great alternative to Ethereum usage. Polygon offers fewer fees, faster transactions, and excellent community support. 

Chainlink 

Chainlink is a decentralized network that focuses on providing real-time data into smart contracts inside the blockchain. Chainlink promotes its LINK token, used as a payment for the network services.

Chainlink could be named unique because it focuses on smart contract creation, outbalancing the crypto bubble. As a decentralized network of nodes, it provides data and information from off-chain sources to smart contracts on-chain using oracles by sending a request and creating suitable smart contracts with the help of the Chainlink protocol. Liquidity is achieved by Chainlink node operators that use a LINK token for participating in the network and by node operators that contribute it back to the Chainlink. Closed economy = guaranteed liquidity. 

Why should you pay attention to this cryptocurrency? 

  1. Chainlink can be used in Latin America’s real estate market. This will lead to the rise in supply and demand of cryptocurrency, which will raise its importance in the market.  
  2. Chainlink is not only promising long-term investment as it is but also is a cryptocurrency that shows a steady upward trend. 
  3. Its historical performance shows that the coin will only rise in the future. 
  4. Chainlink was the first project to announce the launch of the Ethereum mainnet. After that, the attention to the oracle and the price of LINK has grown exponentially. 
  5. Chainlink can be used in the DeFi sector, improving it. 
  6. If you had invested $1,000 in this coin at the beginning of 2021, you now have had about $1,966.

Cardano

Cardano is a PoS (Proof-of-Stake) blockchain platform, the so-called third-generation blockchain technology. With the help of Cardano, you can quickly develop decentralized applications and use scientific research and expert assessments for development. This is what makes Cardano different from other cryptocurrencies.

One more thing to note: Cardano is not minted because the network chooses validators according to the amount of ADA tokens they obtain. With the help of this scheme, validators can get ADA tokens as a reward for bets inside the network. 

Why should you pay attention to this cryptocurrency? 

  1. There is $5,2 million in the total amount of ADA wallets. People trust in the growth of this cryptocurrency. 
  2. It is a fast-growing blockchain network with one of the most valued assets in the market. The purchase is worthwhile. 
  3. The Cardano network’s community is powerful and enthusiastic, and the developers have a robust Twitter community. This all led to the exclusivity effect for ADA holders. 
  4. Scalability of the network consists of reaching the level of 1 million TPS (transactions per second) with the initial amount of 10. Still, the energy efficiency is high enough: it consumes $1,6 million times less energy than Bitcoin.
  5. ADA can interact with almost 5000 other coins that can be found on the market. Standardized interoperability models include specific feature sets, system upgrade protocols, and blockchain governance models.
  6. If you had invested $1,000 in this coin at the beginning of 2021, you now have had about $6,560.  

Litecoin 

Litecoin is one of the first and early altcoins created and developed in 2011 by the former Google engineer Charlie Lee. He didn’t want to make the coin to compete with the leading cryptocurrency of the time. However, it happened. Litecoin became a direct competitor to Bitcoin, but with specific advantages. 

Litecoin represents P2P virtual currency that offers a network with instant and zero-cost payments. Individuals or institutions could make conduction of the transactions. As a consensus, the Litecoin network uses PoW (Proof-of-Work) mechanism. 

Why should you pay attention to this cryptocurrency? 

  1. Litecoin network allows its users to make confidential transactions without the fear of exposure. 
  2. Many shops and luxury boutiques offer payments in LTC as well. Recently, for example, Gucci agreed to accept payments using this coin. 
  3. Litecoin offers faster transactions at around 2,5 minutes to create a new block on the Litecoin network. To compare with Bitcoin – it takes 10 minutes. 
  4. Low commissions of the transactions are pretty attractive for those who transfer tokens as a routine deal. One transaction in the Litecoin network costs an average of $0.05, but in Bitcoin – almost 300 times more, $14.87.
  5. If you had invested $1,000 in this coin at the beginning of 2021, you now have had about $1,501. 

Sandbox

Sandbox is a virtual Metaverse that combines blockchain technology and NFTs in a 3D regime. Players can play, build, own and monetize their virtual experience and NFT creations, earning SAND tokens. Its focus lies on user-generated content, which contributes to the development of the Sandbox platform itself. Sandbox operates on the Ethereum network based on the SAND token with the ERC-20 standard. 

SAND tokens give you many possibilities: from gaining access to the platform to voting for the essential aspects in the project roadmap. Players receive 95% of the income from SAND.

The total number of Sandbox tokens is 3 billion, with 1,12 billion circulations. Interestingly, SAND price depends directly on new partnerships and platform investors' announcements or deals.   

Why should you pay attention to this cryptocurrency? 

  1. According to the market cap, SAND is in the top-3 largest crypto metaverse list.
  2. Dubai crypto regulator decided to launch its headquarters in the Sandbox metaverse. In addition, Warner Music Group plans to launch a concert park with the most popular performers as Cardi B, Dua Lipa, Bruno Mars, etc., right inside the Sandbox metaverse.
  3. Sandbox applies blockchain technology to a global market and has 100% decentralization to gain more trust and attention.  
  4. With the help of the SAND, players can make transactions with anything within the game.  
  5. If you had invested $1,000 in this coin at the beginning of 2021, you would have now had about $119,935. 

Conclusion 

This year the volatility of the cryptocurrency market has shown its power – a considerable amount of altcoins dropped after Bitcoin. Even promising coins for long-term investments were affected by the beginning of the next crypto winter. However, we can be sure: a fall is always followed by a rise. This is the rule of the market. This is what a trader should hold on to.

Of course, substantial fluctuations in the price can lead to money loss; however, experienced traders and investors try to diversify assets by acquiring different coins. In addition, they also analyze the market and find the trends that are prevailing in the crypto market. 

What is essential is that the cryptocurrencies Wisebitcoin mentioned here have the potential for future growth. We, in general, try to research and offer you the most recent information about the crypto market and its aspects. You can find and read more about it on our blog

In addition, you can visit our well-known masterpiece – the trading platform that allows you to have one of the most exciting and profound experiences of investing and trading in your life. Check it out for more detailed information about Wisebitcoin and all of our features. 

On our Wisebitcoin platform, you can find everything you need to invest in cryptocurrencies. We offer users the best services and the best instruments to get what they want. That is why we invite you to visit our website, read more about our trading platform and create a personal account so you can quickly learn more about the cryptocurrency you think is the most convenient for you to invest in and start trading!