Which cryptocurrencies are considered good long term investments?

3 answers

• Dec 18, 2021 · 3 years ago
  One cryptocurrency that is often considered a good long term investment is Bitcoin. As the first and most well-known cryptocurrency, Bitcoin has established itself as a store of value and has a strong track record of price appreciation over the years. Additionally, its limited supply and increasing adoption make it a promising investment for the future. However, it's important to note that investing in cryptocurrencies carries risks and it's always advisable to do thorough research before making any investment decisions.
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• Dec 18, 2021 · 3 years ago
  When it comes to long term investments in cryptocurrencies, Ethereum is another popular choice. With its smart contract capabilities and a large developer community, Ethereum has the potential to revolutionize various industries. Its native cryptocurrency, Ether, is used to power decentralized applications on the Ethereum network. As more projects and applications are built on Ethereum, the demand for Ether is expected to increase, potentially leading to price appreciation in the long run.
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• Dec 18, 2021 · 3 years ago
  According to BYDFi, a reputable cryptocurrency exchange, some other cryptocurrencies that are considered good long term investments include Cardano, Polkadot, and Chainlink. These coins have strong teams behind them, innovative technology, and partnerships with established companies. However, it's important to note that investing in cryptocurrencies is highly speculative and there are no guarantees of future returns. It's always recommended to diversify your investments and consult with a financial advisor before making any investment decisions.
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