Cryptocurrency offers incredible market potential, but there exist several low-quality cryptocurrencies that have infiltrated the market. Coupled with no official metrics for evaluating the value of a cryptocurrency, it can be difficult to know which ones are really worth it on a long-term basis. But to be skeptical and not invest is a serious mistake. Below are a few cryptocurrencies that offer long-term value for serious investors:
The first and most popular cryptocurrency is undoubtedly the one that offers the most value. It boasts of the highest degree of adoption, awareness, and regulation, the biggest support base, and it has been in existence for the longest time. It also has the highest trading volume and the largest market capitalization among all cryptocurrencies. From a market perspective, it ticks all the boxes and is primed for great things.
Besides these factors, it has the most intrinsic value. It is one of the few cryptocurrencies without a leading figurehead or team. This is a strength, not a weakness. The Ethereum project would be in peril if anything were to happen to Vitalik Buterin, as would Tron if Justin Sun left. Other projects, such as EOS, have major governance issues, while several others are outright fraudulent. In the future, even if bitcoin isn’t accepted globally as a means of exchange at the retail level, the bitcoin price will retain its value, like gold, and always be a safe haven in times of crisis.
Monero is widely regarded by industry professionals as the most robust of all privacy-based coins. Dash is another contender, and it even has a larger market presence, but some have contested the strength of its security features. Nevertheless, privacy-based coins are valuable because they are resilient to government tracking.
National governments are becoming increasingly invasive, and are looking to tie bitcoin addresses to owners. Bitcoin and other cryptos are only pseudo-anonymous i.e. they don’t offer complete and utter privacy.
IOTA is an internet of things cryptocurrency, and the very first one of its kind. It is involved in a number of projects that are trying to facilitate a machine-to-machine economy in smart cities. IOTA has partnered with Volkswagen and a number of other commercial outlets, and it is a front runner in terms of machine-to-machine networks involving cryptocurrencies.
The Libra cryptocurrency is set for release in 2020. This is an invention of Facebook that seeks to bank the 1.7 billion unbanked people in the world. While it does raise many privacy concerns, it is also very likely to be a success, given the Facebook’s track record. It also has the backing of eBay, PayPal, and Mastercard. Such strong alliances are likely to give this coin serious longevity for the future.
These are just some of the coins that will most likely deliver long-term value to serious investors. They can be held for years with a high probability of future appreciation. Other cryptocurrencies that demonstrate long-term value include Zilliqa, Vechain Thor, Ripple, Litecoin, and Ethereum. These all tend to be older coins with strong commercial connections, solid teams, robust networks, and active communities.