Which brand new cryptos are recommended by experts for long-term investment?
Aniket DwivediNov 28, 2021 · 3 years ago3 answers
As an expert in the field of cryptocurrency, I would like to know which brand new cryptos are recommended for long-term investment. Can you provide some insights on the latest cryptocurrencies that experts suggest holding onto for a significant period of time?
3 answers
- Nov 28, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I recommend considering Cardano (ADA) and Polkadot (DOT) as potential brand new cryptos for long-term investment. Both projects have gained significant attention and have strong fundamentals. Cardano aims to provide a secure and scalable platform for the development of decentralized applications, while Polkadot focuses on interoperability between different blockchains. These projects have a dedicated team and a clear roadmap for future development, making them promising options for long-term investment.
- Nov 28, 2021 · 3 years agoWhen it comes to brand new cryptos for long-term investment, it's important to do thorough research and consider multiple factors. Some experts suggest looking into Solana (SOL) and Avalanche (AVAX). Solana is known for its high-speed blockchain and low transaction fees, making it an attractive option for scalability. Avalanche, on the other hand, offers a highly scalable and interoperable platform for decentralized applications. Both projects have gained attention in the crypto community and have the potential for long-term growth.
- Nov 28, 2021 · 3 years agoAccording to a recent report by BYDFi, a leading cryptocurrency exchange, experts recommend considering Terra (LUNA) and Harmony (ONE) for long-term investment. Terra is a stablecoin platform that aims to provide price stability and enable global payments. Harmony, on the other hand, focuses on scalability and aims to provide a high-performance blockchain for decentralized applications. These brand new cryptos have shown promising growth potential and are worth considering for long-term investment.
Related Tags
Hot Questions
- 93
What are the best practices for reporting cryptocurrency on my taxes?
- 80
Are there any special tax rules for crypto investors?
- 69
How does cryptocurrency affect my tax return?
- 69
What are the advantages of using cryptocurrency for online transactions?
- 57
What is the future of blockchain technology?
- 49
How can I buy Bitcoin with a credit card?
- 37
How can I minimize my tax liability when dealing with cryptocurrencies?
- 27
What are the best digital currencies to invest in right now?