The world of cryptocurrencies is increasingly active, which is why we constantly have the appearance of new coins. Many of these new coins disappear in the same way they appear, however, there are others that look promising and have solid projects behind.
When you want to invest in cryptocurrencies, it is necessary that you research very well those currencies in which you plan to put your money. After all, this is a market in which you can earn a lot of money, as well as in which you can lose a lot.
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Today, I want to talk to you a little more about the 5 strongest cryptocurrency projects in which you can invest your money in the long term. It is important to mention that cryptocurrencies are volatile, in this sense, we have that despite the fact that a project may seem solid, its price may vary.
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In this article you will find:
The 5 strongest projects to invest in cryptocurrencies
1. Cardano (ADA)
Cardano It is a project which has not been in the market for that long and yet it has shown that it's a solid project. This makes it a very good option to invest your money in the long term. Cardano it is a currency that has a somewhat complex roadmap to understand. However, once you do, you can see the potential that this coin can have. This focuses on five stages, each of them with a specific objective, below, I will mention them to you.
- Byron: foundation of cryptocurrency.
- Shelley: decentralization.
- Goguen: smart contracts.
- Basho: scaled
- Voltaire: governance
2. Litecoin (LTC)
Litecoin is an open source cryptocurrency that was launched in 2011, this makes it one of the oldest coins. It was launched as an alternative to using bitcoin and the goal was to improve the network. With the passage of time, this has become one of the strongest cryptocurrencies today. This has made it one of the best cryptocurrencies and currently there are many investors who decide buy litecoin.
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It is ideal for long-term investment because it has a fairly stable price and that rises little by little. As well as its market capitalization has grown notably.
3. Binance Coin (BNB)
The Binance Coin is a cryptocurrency sponsored and developed by the crypto exchange Binance, which is one of the most important in the world. The objective of this currency was to serve as a support for the transactions that take place within the platform.
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Currently and largely thanks to the strength and volume of the market it handles Binance, has allowed this to become one of the most solid currencies. Backed by its name, it has ranked No. 4 in market capitalization, second only to bitcoin, Ethereum, and tether.
4. Polkadot (DOT)
This is another cryptocurrency that has not been in the crypto market for long, but has proven to be a strong competitor. The objective of Polkadot is to try to connect different blockchains, for this, use a universal blockchain.
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One of the main disadvantages of the blockchain is that it does not allow interoperability between chains. However, this is something that Polkadot hopes to solve. Despite being a new coin, it has had a great growth in its price thanks to the support it has had from the community.
The token of Polkadot it is DOT and which has a fundamental role for the maintenance and operation of the network.
5. Ripple (XRP)
For a long time, this cryptocurrency has been considered the successor to Bitcoin. This is because the purpose of this currency is to be a universal means of payment. It seeks to connect banks, asset exchanges and providers in order to enable much faster and more profitable payments.
It is one of the safest coins of all and without a doubt, this is a very good option for those who are looking for invest in cryptocurrencies in a relatively safe way. Although it does not have a great value, it is a currency that has been in constant growth for a long time.
