5 Best Long-Term Cryptocurrencies to Buy Right Now

Buying and holding cryptocurrency is one of the most popular long-term investment strategies. But what is the best coin to buy?

Here are five of the best cryptocurrencies that can be very profitable in the near future. It is especially profitable to buy them now when they have noticeably fallen in price, like all other digital assets. Let’s get started!

#1 Bitcoin (BTC)

Bitcoin is the largest cryptocurrency by market cap. It currently holds 41% of the global crypto market, which includes over 20,000 tokens. Bitcoin is the very first cryptocurrency, and that’s why most investors see it as digital gold.

At the time of writing, a bear market is in full swing, but people continue to buy bitcoin, demonstrating their confidence and trust in this digital asset.

In addition, bitcoin is recommended for crypto newbies as it remains the most stable token in the crypto market compared to its competitors.

#2 Ethereum (ETH)

Ethereum is the second largest cryptocurrency by market cap after bitcoin. It was launched as a platform for creating smart contracts and deploying decentralized applications. This turned out to be such a good idea that an entire DeFi infrastructure has since grown on Ethereum. Accordingly, the value of ETH, which serves to pay for all transactions on the network, is also growing.

At the end of 2022, Ethereum is scheduled to switch to PoS, which should speed up transactions and reduce fees. This will increase its popularity among crypto investors and, possibly, its value.

#3 Dogecoin (DOGE)

If you have ever dealt with cryptocurrencies, you may already know what meme coins are. Dogecoin is their king. But that’s not the main reason why it’s on this list.

For a long time, Dogecoin was only known as a joke cryptocurrency promoted by Elon Musk. After some time, developers have begun introducing some useful features into the network.

For example, they minted the first NFT in the network’s history in December 2021. Since NFT is considered one of the most promising blockchain technologies, there are opportunities for cryptocurrency growth in the future.

Dogecoin is also now used as a means of payment for Tesla goods and in AMC theaters. That’s why the token can take its place among the best cryptocurrencies.

#4 Binance Coin (BNB)

Binance is the number one cryptocurrency exchange in the world, and Binance Coin (BNB) is its native token, which makes it a powerful coin in the crypto market. But that’s not all. Binance is constantly developing its ecosystem by adding new features, including the NFT Marketplace.

BNB is also a native token on Binance Smart Chain. At one time, the BSC network grew rapidly and became a strong competitor to Ethereum due to instant transactions and lower fees. All this contributed to the increase in the native token’s value.

#5 Ripple (XRP)

XRP is a native token that enables cross-border money transfers in the Ripple network.

Now it is the seventh cryptocurrency by market cap, although it used to take significantly higher positions in the crypto market. The token’s popularity has fallen after the lawsuit against Ripple in 2021. Then investors lost their interest in XRP.

Despite the protracted litigation, Ripple has achieved great success. First, its XRP token was accepted as payment for cars in Japan. Secondly, its creators are partnering with Singapore-based digital banking company FOMO Pay to improve payments.

What Is the Best Place to Buy Cryptocurrency?

If you’re wondering where to buy some crypto, you should definitely think about doing it at Switchere. On our platform, you have an opportunity to buy all leading cryptocurrencies in the fastest and most convenient ways using any available payment method.

Switchere is one of the most reliable online exchanges for buying cryptocurrencies. The company is a licensed provider of financial services, with guaranteed legal compliance and a secure infrastructure system for fast crypto exchange services at fair prices.

Switchere is characterized by the fastest order processing and instant delivery — in fact, you get your ordered amount of crypto within minutes after making a payment. Moreover, we offer some surprising bonuses! Users of our platform enjoy a 0% service fee for the first order.

Disclaimer

This information is provided for informational purposes only. Such information is not intended as and may not be relied upon as trading advice. Before deciding to trade cryptocurrencies, you should carefully consider your objectives, level of experience, and risk appetite. Please do your own research and due diligence on the services provided by online cryptocurrency trading platforms.