Most crypto investors have moved to more promising long-term crypto investments after the crypto world suffered over $500 billion lost this year. And that is the only best way to ride out short-term crypto volatility.
If you are looking for the best long-term crypto investments, you must consider Bitcoin, Ethereum, Mushe and some other ones that l have listed below. But before that, what are the features to look for in a crypto project that has long-term viability?
What Are The Best Cryptocurrencies Under 1 Cent To Invest In 2022?
How To Evaluate The Longevity Of A Crypto Project – Features Of Long-Term Crypto Projects
Whether a newbie or an amateur in the crypto world who wants to go for the long-term crypto investment, there are factors you must be satisfied with to make smarter decisions about which project has high investment potential and which is likely to flop.
Most people consider quantitative factors like price, market cap, trading volume and also, the creator of the given cryptocurrency project, use case and the white paper. Those are very smart ways to start, now let us look at other factors that must influence your decision on long-term crypto investments.
1. The Team
The credibility of the team behind the project plays a significant role in its success or failure of it. If there are no traceable names behind the project, that is a red light. You’ll also want to look at the team’s prior experience and work in the crypto world.
For example, you’ll want to know if they have a solid success story on their previous works or if this is their first crypto project. Also, look at the executives of the project team.
2. RoadMap And White Paper
A crypto whitepaper is a document produced and released by a crypto project explaining the technical information or the technology and the purpose of the project under constriction. This tells prospective investors how the digital currency was conceived. A crypto white paper contains forms of data like statistics, diagrams and formulas.
Whereas a crypto road map lays out the short and long-term goals of the crypto project. It helps to know how the crypto project plans to grow and evolve with hopeful success and adoption.
3. Major Investors
Crypto projects who have a high success rate have well-known and major investors already buying into them. This crop of investors cannot buy into something that is bound to flop because they must have done their research and read the white paper alongside the roadmap and are well satisfied. Get to know these investors, read about them to know their records.
4. Project Website And Social Media
Experts’ say it is very important to consider an initial level overview of the project. Visit the project’s website and other social media channels to get a sense of how socially active the project is, what people are saying and are their questions have been answered to satisfaction.
The website should be very easy to navigate, functional and openly share details about the project, the team behind it, its white paper and the roadmap all made available on the website. Some experts even advise looking for the FAQs section on the website to see if they do address queries of their community.
5. The Community
Last and the least of the factors that should influence your long-term crypto investments decision is the community. The size and the enthusiasm of the community supporting the project play a huge role in the initial and the continued success of the project. However, you should be extra careful with this factor when accessing a coin or token.
Sometimes too much hype can mask the project’s actual utility or value, which is the main reason you shouldn’t invest in a coin or token solely based on the hype following it.
“It can be a very confusing environment to figure out what’s what and who is who, especially when you have a lot of people really pumping it or being very zealous about it,” Doug Boneparth, a financial advisor and president of Bone Fide Wealth in New York, told NextAdvisor.
What Are The Best Cryptocurrencies Under 1 Cent To Invest In 2022?
Most Promising Long-Term Crypto Investments To Do 2022.
1. Bitcoin [ BTC ] – Superb Long-Term Store of Value
2. Ethereum [ ETH ] – Ethereum’s (ETH) reputation as a pioneer of Decentralised Finance (Defi) technology has given it a god-like status. Its native token, ETH, is currently second on the list of most valuable cryptocurrencies by market capitalization, behind Bitcoin (BTC).
3. Mushe [ XMU ] – Mushe World is an Ethereum-based Defi project that aims to advance blockchain adoption by increasing digital asset accessibility to crypto users. It also seeks to increase finance management and digital currency literacy for everyone.
4. BNB – BNB is the crypto asset backed by Binance. It allows users of the Binance exchange – which facilitates billions of dollars in daily trading volume, to benefit from a 25% reduction in trading fees. Moreover, and perhaps most pertinently, BNB is used to pay transaction fees on the Binance Smart Chain.
This aforementioned network is now favoured by up-and-coming crypto projects that are launching for the first time – such as Lucky Block. And therefore, when you consider that thousands of tokens are listed on the Binance Smart Chain, demand for BNB will likely continue to rise in the long term.
5. Solana – High Performing Rival to Ethereum
6. Uniswap – Best Long-Term Crypto Portfolio DEX Investment
These digital currencies made the list of long-term crypto investments choices based on the factors listed above ans we believe, based on their previous and current performance that they will make good returns if betted on for the long-term.
What Are The Best Cryptocurrencies Under 1 Cent To Invest In 2022?