3 Cryptos in the Top 30 on CoinMarketCap for the Long Hodl

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Many investors in today’s market are interested in engaging in short-term trading strategies to capitalize on the wildly fluctuating prices of cryptocurrencies.

Still, the best way to tackle this mammoth market is to put money into the best cryptocurrencies for the long haul.

Doing so will help you weather market fluctuations and take a more practical approach to investing in cryptocurrencies over the long term.

Discussing the most profitable currencies is difficult because doing so requires us to analyze their potential and progress up to this time.

Don’t forget that its value might change drastically from one day to the next; include that in your calculations constantly.

A priori, a currency may have great potential, but that doesn’t mean it’s risk-free, or you’ll instantly see any benefits from utilizing it.

However, the data we have so far show that Bitcoin, in particular, is lucrative.

Since it was the first of its kind, its characteristics are used as a template for subsequent cryptocurrencies.

Because of this, investing over the long term is seen as potentially quite profitable.

Also, See: 3 Crypto You Should Consider Ahead of 2023

MarketCap: $4,554,319,790

Position on CMC: #21

Current PricePrice: $5.98

Sometimes referred to as a DEX (decentralized exchange platform), Uniswap UNI is a cutting-edge decentralized trading platform.

It was built using the Ethereum distributed ledger technology.

Uniswap is not the only DEX providing services in this market, but it is among the busiest in terms of both client base and daily volume.

Using a DEX like Uniswap, investors may put their money directly into the cryptocurrency markets.

We save time and money by doing away with the necessity for go-betweens.

This is possible because of the Automated Market Maker (AMM) approach, which relies on highly secure digital contracts.

One of the most successful long-term investing methods for cryptocurrencies, Uniswap, is centered on the future growth of decentralized trading.

Also, See: 3 Best Crypto to Buy in July 2022 for Long-Term ROI

MarketCap: $11,792,698,305

Position on CMC: #9

Current Price: $33.31

Considering an investment in Solana SOL, the next project on our list of the best long-term cryptocurrency investments for 2022.

Solana is an open-source blockchain platform that facilitates the use of smart contract agreements.

It has earned the nickname “Ethereum Killer” among some.

However, in most metrics, Solana outperforms its main rival, Ethereum.

For comparison, Ethereum can handle around 16 transactions per second, whereas Solana can hold about 65,000.

Even if the transaction fees for the Solana network are almost nothing, the fees for Ethereum remain expensive.

If you believe Ethereum’s dominance in the smart contract business won’t last forever, Solana may be the best cryptocurrency to invest in the long term.