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Which cryptocurrency is best for long term investment?

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Which cryptocurrency is best for long term investment?

Despite extreme volatility in crypto markets throughout the year, long term investors (hodlers) have made significant gains this year. Bitcoin, which is also often referred to as the digital equivalent of gold, continued to remain the top crypto asset by market capitalisation.

What crypto has the best future?

Uphold

  1. Bitcoin (BTC) Market cap: Over $1.08 trillion.
  2. Ethereum (ETH) Market cap: Over $557 billion.
  3. Binance Coin (BNB) Market cap: Over $104 billion.
  4. Tether (USDT) Market cap: Over $73 billion.
  5. Solana (SOL) Market cap: Over $64 billion.
  6. Cardano (ADA) Market cap: Over $52 billion.
  7. XRP (XRP)
  8. U.S. Dollar Coin (USDC)

What are the safest Cryptocurrencies?

Bitcoin is the most established cryptocurrency, and it’s more safe than most altcoin investments. However, altcoins often provide higher returns during a bull market, making them attractive investments for risk-tolerant individuals.

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How to make money with cryptocurrency?

Two main ways to make money: There are two ways to make money with crypto. The first is by maximising how much of the currency you end up with.

  • Buying cryptocurrency directly 💸. Buying cryptocurrency directly is still one of the easiest and safest ways to secure the most cryptocurrency for your dollar.
  • Bitcoin and cryptocurrency mining ⛏. Buying and hosting your own miner. For some reason,I’ve always loved commodities.
  • Cloud Mining 💻. Now is where things get interesting. So although buying a miner and mining the currency yourself is usually a less effective way about gaining a cryptocurrency,…
  • Day trading/technical analysis 📈. I wanted to speak briefly on this. A lot of people are getting into day trading,or technical analysis.
  • Index funds&buy and hold (HODL) Yes,yes,yes. This is where I’ve found the most success.
  • ICOs. What a year for scams. An ICO is an initial coin offering,where essentially anyone with a plan could say,here is our plan,we’re raising this much
  • Useful Links. I’ve had lots of requests for additional resources and links so here are some. I’ll add more over time,including specific people to follow too.
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    Is Ethereum a good investment?

    Buying both Ethereum and Bitcoin is a solid diversification. This is why Ethereum is a good investment if you’re interested in investing in cryptocurrencies beyond Bitcoin. There are two sides to every coin. It is unfair to only look at one side.

    Will Ethereum keep going up?

    Although there may be ups and downs along the way, in the long run, the price of Ethereum will most likely keep going up. This is primarily because the Ethereum blockchain is growing in adoption, increasing demand. The higher the demand, the higher the price will be. The increase in application use.

    Is cryptocurrency here to stay?

    High Growth Prospects. A huge reason to consider COIN stock is the massive growth prospects.

  • Attractive Updates For Users. The company is the first authorized company to provide crypto custody in Germany and it is proof that Coinbase will be able to meet the requirements
  • The Bottom Line on COIN Stock.
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