This year has been a tough one for cryptocurrency investors, with the overall market cap falling by more than 50% from its all-time high it reached in November 2021. While the market is not completely out of the woods, there is light at the end of the tunnel.
Some investors are now focused on building their portfolios by acquiring important assets across the whole ecosystem, from coins to tokens and even presales – such as CashFi – while they are still cheap. This article takes a look at cryptocurrencies that show signs of being good long-term investments.
Ethereum Classic (ETC)
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference.
In addition to running smart contracts, the Ethereum Classic platform has tokens called ETC. Ethereum Classic was born after the Ethereum blockchain split in the aftermath of the DAO hack.
The Ethereum Classic community also seems to be more supportive on social media platforms like Twitter and Reddit which makes it an ideal choice for investors looking for something solid but still has a lot of growth potential.
Ethereum Classic has been overlooked for the most part. It sprung to life in the bull market as cryptocurrencies took turns to register new highs. ETC is more than 80% down from its peak value. This is great for patient investors who can buy the token and hold it until it reaches or surpasses its all-time high.
Ethereum Classic is one of the best blockchains and has been tried and tested in several bear and bull markets. This is a clear indication that ETC is a cryptocurrency for the future and investors should be confident to hold for a long time.
Monero (XMR) is a private, secure, and untraceable cryptocurrency. Monero is a decentralized cryptocurrency that is open-source and uses the CryptoNote protocol.
Monero was created on April 18, 2014, by Nicolas van Saberhagen under the name BitMonero.
Monero uses ring signatures which allow for complete privacy among all its users. This means that no one can see who you’re sending money to or what your balance is unless they have access to your private keys. The only way someone could get this information would be through coercion or malware installed on your computer.
Monero is one of the top 30 largest cryptocurrencies by market capitalization. It has been around for a long time. It is very important because of its privacy features. It is an excellent choice for long-term investments because users want to transact privately.
Monero is down from its previous high and this presents a perfect opportunity for investors to start accumulating the token.
CashFi is a decentralized network. It uses the Proof-of-Stake consensus mechanism. Its utility and governance token is called CFI.
CashFi allows CFI token holders to stake their tokens in exchange for staking rewards. Stakers are an important part of the CashFi ecosystem because they maintain the security of the protocol. The more secure it is, the more developers will use the platform to build their DApps.
The CashFi ecosystem will consist of CFI Synths and CFI NFTs. CFI Synths will deal with synthetic assets while CFI NFTs will focus on non-fungible tokens.
The CFI governance token will give holders to vote on key decisions regarding the future of the project.
CashFi, currently in the presale stage, will have temporary inflation to incentivize CFI stakers. The CFI token can currently be purchased for a low price and this makes it one of the best investments for the future.
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