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Many cryptocurrencies are best to buy for a short term trade, before moving onto the next hot token – but some offer long-term growth potential for holders. Long-term crypto investments help gain from larger price changes happening over a longer span, instead of small changes in a short duration.

The crypto world is known for its high unpredictability, offering chances for significant gains for those ready to watch markets extensively – although this can be stressful for managing trades. Regrettably, this volatility can lead to substantial losses too.

Even though long-term crypto investments also come with risks, holding onto your investments for a longer period generally involves lower risk. Below are the top cryptocurrencies with potential as long-term investments.

Bitcoin (BTC)

Ranked as the world’s largest crypto by market cap, Bitcoin has found its role not only as a means for online and offline purchases, but also as a buy-and-hold asset within the investment portfolios of many. Positioned more as a safe-haven investment rather than a conventional currency, it has secured its spot in the long-term crypto holdings.

Bitcoin garnered substantial attention in 2021 due to Tesla CEO Elon Musk’s announcement of the company’s $1.5 billion investment, followed by the decision to accept bitcoin payments for its vehicles. Notably, numerous companies, including Microsoft, Rakuten, The Home Depot, and PayPal, have adopted bitcoin as payment, often indirectly.

Furthermore, several businesses are incorporating bitcoin into their investment strategies. Marking a significant milestone, Colorado became the inaugural state to acknowledge bitcoin as a form of tax payment in September 2022.

Bitcoin’s performance over the past decade has been remarkable, earning the title of the best-performing investment asset. As of today, August 26, Bitcoin price is $26,010 with a 24-hour trading volume of $29.81 billion and market cap of $506.20 billion. The $BTC price increase 0.69% in the last seven days.

Bitcoin reached its highest price on Nov 10, 2021 when it was trading at its all-time high of $68,770. Technical indicators suggest that Bitcoin’s 200-day SMA is projected to increase in the coming month and reach $28,014 by September 25, 2023.

Furthermore, Bitcoin’s short-term 50-Day SMA is anticipated to reach $29,322 by the same date. The Relative Strength Index (RSI) is currently at 22.82, indicating that the BTC market is in an oversold position.

Chainlink (LINK)

Chainlink, a decentralized oracle network on Ethereum, connects smart contracts to real-world data, offering secure and tamper-proof data feeds. Its decentralized Oracle network facilitates smart contracts’ interaction with external data sources, APIs, and conventional banking systems.

This is vital for DApps, as it integrates real-world data into blockchain, broadening smart contract use cases. Growing blockchain adoption heightens the need for verified external data to activate smart contracts.

Interoperability between private bank chains and public blockchains will unlock the next generation of on-chain finance.@SergeyNazarov explores the impact of #Chainlink CCIP at yesterday’s Singapore meetup 📺👇https://t.co/KaiAFRasgW pic.twitter.com/8HFao8caU4
— Chainlink (@chainlink) August 25, 2023

As a prominent oracle provider, Chainlink’s technology is utilized across sectors like finance, insurance, gaming, and supply chain management. This could potentially enhance $LINK, its native token’s value, given market demand for Chainlink’s services.

Presently, Chainlink is valued at $6.03, showing a 0.51% increase over the past 24 hours. Considering today’s classical pivot point at $6.03, Chainlink’s support levels are $5.93, $5.83, with the strongest at $5.73. Correspondingly, resistance levels for Chainlink are positioned at $6.12, $6.23, and $6.32.

Binance Coin (BNB)

In the year 2023, Binance Coin emerges as an attractive option for long-term investors. $BNB stands out as a leading utility token within the cryptocurrency sector, boasting versatile functionalities and a broad spectrum of uses that significantly enhance its value for users entrenched in the Binance ecosystem.

Notably, BNB follows a distinctive burndown policy, leading to a permanent reduction in token supply. This approach ensures scarcity and holds potential to bolster BNB’s value over time. The performance of Binance Coin has exhibited fluctuations, mirroring the cryptocurrency market’s inherent volatility.

During an optimistic phase in early 2021, BNB achieved its pinnacle at approximately $690.93 on May 10, 2021. Currently, Binance Coin is valued at $217.09, boasting a 24-hour trading volume of $669.50 million and a market capitalization of $33.40 billion. Over the last 24 hours, $BNB’s price has gained 0.32%.

Based on the present Binance Coin price forecast, a projected increase of 11.39% is expected, leading the price to reach $242.53 by August 31, 2023.

The rest of the 5 best cryptocurrencies to buy-and-hold are covered in the video above. For more crypto-related content, consider subscribing to his YouTube channel. Jacob Crypto Bury also manages a Discord community with 15,000 members, providing trading tips and insights into upcoming crypto presales.

Is Long-Term Crypto Investment a Good Choice?

The decision depends on your investment objectives. If you have available funds that you’re willing to commit for the next one to two decades, exploring crypto investment could be a promising option.

Moreover, considering crypto presales can offer a beneficial path, allowing you to enter projects at early stages and potentially amplify your returns as they gain traction.

Wall Street Memes (WSM)

One of the best crypto presale of 2023 is Wall Street Memes. This new meme-based platform has organically amassed a following of over 1 million individuals across various social media platforms. Since 2019, Wall Street Memes has attracted influential figures like Elon Musk to engage on its social channels.

The platform is a popular online space that encourages investors to humorously engage with financial markets through memes. The project’s team aims to foster value by harnessing community support, generating FOMO (fear of missing out), and capitalizing on social media hype.

The $WSM, an ERC20 meme token lacking tangible utility, offers returns to early investors. Wall Street Memes has committed to making $WSM a fully community-driven token, with a total supply of 2 billion tokens.

1% mortgage down payments helping everyone out pic.twitter.com/vheO1PYnN6
— Wall Street Memes (@wallstmemes) August 26, 2023

Among these, 50% will be allocated to the presale, while an additional 20% will contribute to liquidity on both CEX and DEX platforms. The remaining 30% will be directed towards community rewards within the ecosystem.

Currently priced at $0.0337 during the final presale round, the project has already secured over $25 million in funding. By the end of September, Wall Street Memes intends to list the token on tier-one exchanges, aiming to raise over $30.57 million throughout the presale.

The project is celebrating its successful presale with an ongoing $50k airdrop, attracting 83,648 entries with 97 days remaining. This prize will be distributed among five winners, with participants simply required to follow their social media channels for a chance to engage in the airdrop.

Where to Buy Crypto

For those interested in purchasing crypto, we recommend eToro, a versatile investment platform supporting various assets. eToro excels in providing traders with a streamlined experience. Learn about the crypto available on eToro in our guide here.

User-friendly navigation and a simple design are central to eToro’s web platform, ensuring ease in performing essential tasks. Traders enjoy features like the ability to craft watchlists and effortlessly add instruments by exploring available markets.