The cryptocurrency market went through a few lows over the past few months. After massive losses in the first half of 2022, cryptocurrency prices have stabilized slightly since June. Right now it makes sense for investors to invest in cryptocurrencies at a cheap price. Despite the current consolidation, investors are seeking those cryptos of the future, that have massive potential. Let’s talk about those coins and see why holding them over the long term should be a good investment.
Are Cryptos Down today?
In recent weeks, the price of cryptocurrencies has stabilized again after heavy losses in the first half of 2022. In the first half of the year, the bear market showed massive losses on the market. The Bitcoin price fell from $68,000 in November to below $18,000 in June. Ethereum fell from $4,800 below $1,000 in 8 months.
After many coins had bottomed out in June, cryptocurrency prices were able to recover more easily. The Bitcoin price rose again over 25% percent, the Ethereum price could even double again at times. These strong increases of the last few weeks weakened again recently and the courses saw slight losses again.
What does the Future of Cryptocurrencies look like?
Right now we are clearly in a bear market. Prices have fallen over 80% since the end of 2021. But this is a consequence of the cycle in cryptocurrencies. Already in 2018 and 2014 we saw massive losses after the end of the bull market and the beginning of the bear market.
In the coming months, future cryptocurrencies should eventually rise again. But at the latest when the bull market returns, these coins should see an extreme increase in value. Therefore, an investment is worthwhile, especially now with the relatively low prices for investing in these cryptocurrencies.
Top 5 Cryptos of the FUTURE
Some cryptocurrencies with a future should rise particularly sharply in the next few years. There are no guarantees in the crypto market. But the following cryptocurrencies should rise sharply again, especially in a bullish market situation. Here are our top 5 cryptos of the future picks.
1. Ethereum (ETH)
Ethereum is a cryptocurrency with a future that should continue to grow very well in the coming years. The Ethereum blockchain was the first network to offer smart contracts . That is why Ethereum is a leader in the field of decentralized applications.
In recent years, transaction costs have increased and transaction speeds have decreased. The upcoming update Ethereum 2.0 should fix these weaknesses in Ethereum. This could allow the network to secure its dominance of dApps going forward. Therefore, Ethereum is definitely one of the cryptocurrencies with a future.
2. Cardano (ADA)
Cardano is a blockchain protocol, which is also one of the cryptocurrencies with a future. It combines the areas of decentralization, scalability and security best. The Cardano blockchain is considered to be the most technically mature blockchain on the market.
Among many investors, Cardano is considered the cryptocurrency that can replace Ethereum at the top of the blockchains that can be the basis for dApps. This is how Cardano got the nickname “Cardano Killer”. Cardano will be further developed in the long term according to scientific standards, which definitely makes Cardano one of the cryptocurrencies with a future.
3. Ripple (XRP)
The XRP is the token of the Ripple payment network. This is a network that was developed for large banks and with which these banks can make their transactions between different payment areas more efficient and cheaper.
XRP is one of the cryptocurrencies with a future, as the implementation has already been tested and many large financial companies are already successfully using the Ripple payment network. At the moment, however, there is a legal dispute between Ripple and the American stock exchange regulator SEC . If SEC wins this process (which it looks like at the moment), the XRP price should rise sharply again in the long term.
4. Polkadot (DOT)
Polkadot is a network that manages to connect different blockchains and allow them to communicate with each other. Because Polkadot offers the so-called parachains. These are connectors that can be used to connect different blockchains together.
Polkadot wants to realize an idea called the “Internet of Blockchains”. This is a vision for the future in the cryptocurrency space. If different blockchains can communicate with each other, the internet could be based on blockchain technology in the future. Polkadot could be extremely important to this vision in the future.
5. VeChain (VET)
Another exciting project is VeChain. This blockchain makes it possible for companies to trace their entire supply chains from production to delivery to the sale of their product. This feature makes VeChain an extremely interesting cryptocurrency.
VeChain has already entered into cooperation with some large companies. The VeChain idea has extremely high potential and many experts currently see the price of the VeChain VET token as being severely undervalued. That is why VeChain is one of the cryptocurrencies with a future.
How do Cryptocurrencies differ from each other?
The cryptocurrencies mentioned are a selection of examples that could be extremely valuable in the future. These cryptocurrencies with a future are characterized by the fact that they have a sustainable concept and can efficiently solve problems in the future. Furthermore, these networks should grow strongly in the coming years.
The cryptocurrencies mentioned have already shown their usefulness, have an exciting concert and work seriously. Therefore, they should not only see short-term hypes, but also increase in value in the long term.
Should you invest in these cryptocurrencies now?
An investment in these cryptocurrencies is worthwhile at the moment, especially now in the bear market. Prices of these cryptocurrencies are particularly low. Since you can buy them cheap, it makes sense to stock up as their potential in the future is enormous.
CLICK HERE TO INVEST IN THESE CRYPTOCURRENCIES AT BITFINEX!
You might also like
More from Altcoin
Source: https://cryptoticker.io/en/top-5-cryptos-of-the-future-think-long-term/