The cryptocurrency market is growing every day and producing a lot of millionaires. Financial analysts have revealed that every day, a new cryptocurrency is being introduced into the market. Unfortunately, some of these cryptocurrencies are not good for long-term investment.
There are over 1500 cryptocurrencies trading in the crypto market. Many people want to invest in digital assets, but the truth is that finding the top cryptocurrencies for long-term investment can be a daunting task.
However, these cryptocurrencies are the best long-term investment you can make now. They have the potential to make you a lot of money in the coming months.
The interesting part is that these cryptocurrencies are growing in popularity. Their current performances in the cryptocurrency market have been great.
Ripple is a global payment platform designed to help you make an instant and low-cost transaction. The cryptocurrency is built with XRP and blockchain technology which lead to quick cross-border payments. Ripple makes financial transactions between banks to be cheaper and faster compared to traditional banking.
It’s one of the top cryptocurrencies that prevent delay in international transactions and high transaction fees. Many large financial institutions around the world are already using Ripple to improve their services.
The fact that Ripple provides solutions for real-world problems makes it one of the top cryptocurrencies for long-term investment.
2. Monero (XMR)
In this tech-centric age, privacy is one of the most important features in every industry. The purpose of the creation of Monero is to prevent a third party from gaining access to your transactions.
Unlike transactions on the Bitcoin blockchain that is open for all to see, transactions on Monero are hidden from the public. Monero uses a robust technique to make your transactions untraceable.
When it comes to complete privacy for all your transactions, Monero should be your best choice. Monero is worth investing in for the long-term because of its several important features.
The market capitalization for Monero has achieved tremendous growth in just a span of one year.
3. Vechain (VEN)
Vechain is a blockchain platform that promotes the smooth operation of smart contracts, supply chain and several financial services. The cryptocurrency was launched in 2015 and later rebranded to VechainThor (VET) in 2018.
Vechain attempts to create an excellent business space that operates without control from a third party. Vechain teams are constantly working to make the platform scalable and reliable.
The Vechain coin is designed to promote transparency and decentralization in several industries around the world.
4. TrueUSD (TUSD)
TrueUSD is an Ethereum-based distributed application you can adopt in the creation of asset-backed tokens. The coin also allows easy transfer of digital assets around the world. TrueUSD is the first cryptocurrency of TrustToken that can be traded in the crypto market.
TrueUSD was founded in 2017 by Rafael Cosman, Stephen Kade and Danny An. The company has been partnering with banks and cryptocurrency exchanges since its creation.
5. Enjin Coin (ENJ)
Enjin was founded in 2009 by Maxim Blagov and Witek Radomski. The coin aims to provide unique services in the sphere of game creation and game technology. Enjin Coin is a secure cryptocurrency built with a strong focus on scalability.
It’s one of the most usable cryptocurrencies for the purchase of gaming goods. The coin allows gamers and content creators to exchange virtual goods on the blockchain. It has been revealed that Enjin Coin prices have been increasing since it was introduced into the market.
6. Aeternity (AE)
Aeternity is an ERC-20 token that aims to boost the scalability of smart contracts and distributed applications. Aeternity was launched in 2017 by a crypto enthusiast.
Aeternity runs smart contracts off-chain to improve efficiency. One of the great features that make Aeternity stand out is that it integrates a decentralized oracle machine that enhances transmission of data in smart contracts.
The name of the main token is called Aeon (AE). Since the launch of Aeternity in 2017, it has risen to be one of the top cryptocurrencies by market capitalization.
7. Komodo (KMD)
Komodo is an open-source platform that results in fast and secure transactions. The cryptocurrency uses a Delayed Proof-of-Work to boost privacy and security.
It also incorporates a powerful protocol to ensure anonymity of all transactions. It’s one of the best cryptocurrencies that provides professional peer-to-peer payment services.
Komodo integrates a decentralized exchange to enable easy transfer of digital assets. Komodo project is still being improved to make it one of the best investments people around the world can make.
8. NEM (XEM)
New Economy Movement (NEM) is a community that incorporates unique consensus mechanisms to improve the operations of blockchain technology. The platform is similar to Ethereum but it’s written in C++ programing language.
The NEM platform integrates a Smart Asset System which is built on API calls to provide solutions for several networks. Developers can use NEM network to build blockchain powered applications. NEM uses a Proof-of-Importance algorithm to achieve consensus.
The Proof-of-Importance system that NEM uses will result in the dynamic growth of the platform in the coming years.
9. ICON (ICX)
ICON is a decentralized network that allows anyone to connect to multiple blockchains around the world. The network aims to enable all blockchain technologies to communicate with each other.
There are several ERC-20 tokens that run on their own blockchain technology. ICON was created to enable all such technologies to be accessed and used by anyone. You can use ICON to share and access various services.
ICON token is known as ICX. The coin can be traded in almost all the cryptocurrency exchanges around the world. ICON was launched in 2016 by Dayli Financial Group.
10. Tezos (XTZ)
Tezos is attracting more investors because of the on-chain governance where stakeholders are involved in the direction of the platform. The interesting part is that Tezos function with three important protocols to achieve scalability.
Tezos teams have shown that the platform uses Liquid Proof-of-Stake to achieve consensus. It uses techniques called staking to ensure the security and privacy of every transaction.