One reason that makes investing in ethereum promising is the launch of Ethereum 2.0. That is an upgraded version of ethereum which aims to solve scalability and security problems.
Currently, the Ethereum 1.0 network allows 30 transactions per second. But after the Ethereum 2.0 update, the number is expected to increase to 100,000 transactions per second.
This can indicate that Ethereum is getting ready for being a mainstream currency.
Ethereum is currently in a surge. It has been constantly increasing for the last couple of months, and just yesterday (8/05/2021), ethereum set another all-time high record at $3,434.78.
Julian Hosp, a famous blockchain and crypto expert, predicts that the total market cap of ethereum could reach $200 billion by the end of 2021. If this prediction is true, the price of ethereum will rise more than 40 percent before 2022.
With a price of $168, Litecoin is another investment worth altcoin.
This cryptocurrency showed strong growth (more than 8000% in 2017), which convinces us to include it in this list.
Litecoin has a strong foundation with a total market cap of around 11.6 billion dollars. It was originally released as a bitcoin spinoff and is very similar to it.
However, Litecoin takes only two and a half minutes to process a block, which means it is a lot faster than bitcoin.
Not only this, Litecoin also introduced exciting developments through 2020, which fueled many bullish speculations.
The launch of LiteBringer, a role-playing game, which is on the Litecoin blockchain, also caused a surge in Litecoin prices and transactions.
After the LiteBringer release, the Litecoin transactions tripled in a week, Litecoin Foundation reported.
The surge was so promising that CoinSwitch predicted the Litecoin price would reach $600 before 2022.
Another innovation of LiteCoin was performing a Lightning Network transaction in 2017. For those of you who don’t know, Lightning Network is a “layer 2” payment protocol that aims to enable fast transactions.
Using this Lightning Network, 0.00000001 Litecoin was transferred in less than a second, from Zurich to San Francisco.
Finally, Litecoin’s close similarity to bitcoin can also be a reason why investors show interest in investing in this cryptocurrency.
Considering all these reasons, we decided to include Litecoin in our list of best cryptocurrencies for long term investment in 2021.
After analyzing its price and patterns in a 6 month period, we conclude a Litecoin price prediction of $177.86.
Uniswap is a fully decentralized cryptocurrency exchange that facilitates automated liquidity provision on Ethereum through the use of smart contracts.
This exchange has raised millions of dollars from enterprise capitalists.
According to Bloomberg News, Uniswap is estimated to be the largest decentralized exchange and the fourth-largest cryptocurrency exchange overall by daily trading volume.
Uniswap is an innovative exchange protocol. It enables anyone with an Ethereum wallet to exchange tokens without any third-party involvement.
This technology is one of the most successful projects that are part of the Decentralized Finance (Defi) movement. And probably will have some exciting implications for the future of trustless token swapping.
OKB is the native exchange token of OKEx that provides discounts on trading fees, access to the OK Jumpstart initial exchange offering (IEO) platform, and voting rights for tokens to be listed on the exchange.
In the future, it will be used to pay transaction fees on the OKChain blockchain as well as decentralized exchange OKDEX.
By holding OKB, you can get:
Trading Fee Discount
OKEx is well determined to keep the price of their cryptocurrency high by keeping the supply low.
In every three months, they use 30% of the income from OKEx spot trading fees to buy back OKB and burn them.
They do this by sending the OKBs to an unreachable wallet.
In total, there are 265.12 million OKB in circulating supply. OKB is currently priced at $18.010and constructs a total market cap of more than $4.77 B.
By analyzing the OKB price, its patterns, and its offers, we predict a 50% expected profit. In simpler terms, we expect the OKB price to double in the coming months.
That is why we included OKB in our list of best cryptocurrencies for long term investment in 2021.
By analyzing its price and patterns, we can conclude an OKB price prediction of $24 and above..
7. Cosmos (ATOM)
Cosmos is a decentralized network enabling data exchanges between different blockchains.
In their own words, Cosmos is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms.
It was launched in March 2019 via an initial coin offering (ICO) in 2017. The project primarily aims to create an “internet of blockchains” that resolves scalability and interoperability issues.
Before Cosmos, blockchains were unable to interact with each other. They were difficult to build and were very limited, could only handle a small number of transactions per second.
Cosmos offers a solution to these problems with a new technology vision:
With the deployment of both Tendermint’s Byzantine fault-tolerant consensus protocol and the Inter-Blockchain Communication (IBC) protocol, blockchains built on top of Cosmos retain their independence while interacting with each other.
Cryptocurrencies and altcoins are growing at an incredible rate. The total value of all cryptocurrencies has exceeded $1 trillion and is on the way for more. So, it can be the best time for investing in cryptocurrencies.
Knowing about this, we committed ourselves to create a list of the best cryptocurrencies for long term investment and the best altcoins to invest in 2021, which are as follow:
Crypto.com Coin (CRO)
These are the eleven most promising cryptocurrencies to invest in 2021. However, keep in mind that there is no 100% assurance of profit in investing in these altcoins. So, invest at your own risk.
FAQ – Best Cryptocurrencies For Long Term Investment
Is cryptocurrency a good long-term investment?
The short answer is, Yes. Long term cryptocurrency investment can result in prominent gains and significant profits. However, there are some risks associated with it, too.
Which cryptocurrency is best to invest in 2021?
As per our investigations, it is Ethereum. Ethereum is a global, open-source platform for decentralized applications and it is also the most actively used blockchain. One main reason that makes investing in Ethereum promising is the launch of Ethereum 2.0. That is an upgraded version of Ethereum which aims to solve scalability and security problems.
Which Cryptocurrency is growing the fastest?
Bitcoin. It has a high price record of more than $40,000 and a market cap of more than 600 billion.
Is crypto a safe investment?
All investments come with risks, and crypto investment is not an exception. Plus, the cryptocurrency market is highly volatile, which means it can result in high profits as well as tremendous losses.
Is now a good time to invest in cryptocurrency?
Yes, it is. The total value of all cryptocurrencies exceeded $1 trillion. This is an indication of the strong foundation cryptocurrencies has built. So, it can be the safest time to invest in them.
Hello, I am Harsh Vasistha B.tech (IT) from New Delhi, India. Owner and chief author of the Coinexpansion (An Altcoin & Exchange Hub) and Cryptopickup and also run a YouTube vlog https://harshunveiled.live. In fact, I am not a techie but got infatuated with blockchain technology. Coinexpansion is the product of my cryptocurrency learning lust.
Hobbies - An avid reader, knowledge seeker, sports addict, and obsessed with learning diverse stuff.