There are thousands of cryptocurrencies in the crypto space. Investing in coins for the long run can be difficult for investors. Volatility is a key factor for crypto-assets, which is one of the reasons many people stay away from this sector.
Investors should consider several factors when assessing the top crypto assets to invest in. An imperative factor is to look for coins that are underrated and have the potential for long-term growth. In the short term, such coins may not offer high returns, but they could prove to be worthwhile investments over the long term.
The most efficient way to buy them is through CEX (centralized exchange), especially if investors want to buy smaller values. The fees are minuscule and do not make a dent in the investment value.
Kraken and Binance are two of the most popular and secure exchanges. Follow these two links to check them out:
So, here below are five of the underrated coins with great long-term potential in the market:
1) Chainlink (LINK)
Chainlink was one of the first cryptocurrencies to appear on the market. Several blockchains can interact with each other through the oracle nodes of the token. Blockchains can exchange information seamlessly through Chainlink, and this allows them to interact with each other.
The interoperability of all blockchains is one of the key features that attract a large audience that does not want to be limited by a single blockchain’s functions. Consequently, Chainlink’s blockchain has a lot of potential for future use.
Moreover, the boom of decentralized finance (DeFi) could also create more usage for the Chainlink platform. Chainlink is popular because of its on-chain price feeds that allow DeFi developers to catch the real-time prices of tokens across the market. These price feeds have become a common feature of every major blockchain, and Chainlink is gaining adoption because of this.
Most of the top blockchains that offer DeFi services have supported Chainlink price feeds, including Solana, which recently launched this feature on its blockchain after experiencing major adoption from DeFi developers.
Chainlink is currently ranking as the 16th largest cryptocurrency by market cap, and as one of the oldest coins in the market, it makes for one of the reliable choices. With the potential of Chainlink’s technology, the LINK token makes for a good investment for the long haul.
2) Litecoin (LTC)
Litecoin is another coin that is underrated. Litecoin is also one of the oldest cryptocurrencies. Despite its success, it has not achieved the same levels of growth as new coins. However, it has a lot of potential for being a good investment in the long run.
Currently, the crypto space is shifting as it is starting to attract institutional investors. These investors prefer to invest in coins that have been in the market for a long time and show positive signs of growth in the long term.
The financial world is slowly starting to accept cryptocurrencies for payments, and Litecoin is among the few that have positioned themselves as acceptable in this use case. Therefore, the token is poised to make major gains in the future because demand for it could increase and lead to major price gains.
Litecoin is currently ranking as the 14th largest cryptocurrency with a market capitalization of over $18 billion. If its demand skyrockets, it could enter the top ten ranking in the coming months, making for a good investment for the long term.
During the early years of the crypto industry, XRP was one of the top coins. It failed to achieve notable heights this year after the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple’s executives, charging them with unregistered securities offerings.
The lawsuit dealt a major blow to XRP, as the token was unlisted from top cryptocurrency exchange platforms, including Coinbase. However, despite the developments in the case, XRP is still showing signs of making major gains.
XRP is currently one of the cheap tokens in the market that have a strong technological backing. Ripple is one of the largest networks in the market that offer payment services to its clients. Through RippleX, the firm has made strategic partnerships with some leading payments firms, including GME Remittance.
The other major area where Ripple’s technology has found a strong footing is in central bank digital currencies (CBDCs). Recently, Ripple was selected by the Bank of England to be among the stakeholders involved in the research for developing a digital pound.
Currently, Ripple is ranking as the seventh-largest cryptocurrency with a market cap of above $55 billion. With its strong technological backing, XRP makes for one of the best investments in the long term. However, the outcome of the company’s lawsuit with the SEC will also determine if XRP makes for a good investment in the long term.
4) Cardano (ADA)
Cardano is another coin that is underrated. While Cardano is among the most popular cryptocurrencies, its low price and slow price gains have discouraged investors from choosing it.
Cardano recently launched the Alonzo hard form upgrade aimed at bringing smart contracts to the Cardano platform. This is one of the key factors contributing to the gains that this token could make in the long haul.
Cardano is also one of the oldest coins, and with the support of smart contracts, the network could attract DeFi developers, which will create demand for the ADA token and lead to high demand and major price gains. DeFi is currently booming, and with smart contracts comes to increase usability for a blockchain.
Cardano is currently ranking as the 6th largest cryptocurrency with a market capitalization of over $65 billion. It is also among the cheapest coins in the top ten rankings, allowing an investor to buy more coins and make major gains in the long term.
5) Fantom (FTM)
In terms of top DeFi networks, Ethereum and Solana come to mind. In contrast, other networks are underrated even though they offer low transaction costs and high speeds, making them ideal for developers. A good example is Fantom.
Fantom is a smart contracts platform that allows developers to build DeFi applications. This network aims at solving the issue of scalability faced by other networks, and if it manages to prove this point and attract a lot of DeFi developers, it could be headed towards major price gains in the future.
DeFi is booming, and developers are constantly looking for new platforms where they can create their projects. With the adoption of the Fantom network, FTM tokens could see major price gains, and it could head towards major record highs.
Developers of the Fantom network state that transaction speeds have been lowered to as low as two seconds, and with DeFi developers looking for such speeds, more could build on the network, which could give the token a label of being one of Ethereum’s competitors.
Fantom has a market capitalization of over $6 billion, and it ranks as the 38th largest cryptocurrency by this metric.
Cryptocurrencies have been making major price gains, but some coins have remained highly underrated despite playing an integral role in the crypto and blockchain spaces. The above coins have a strong technological backing, making them ideal investments for the long haul.
However, it is still important to note that new cryptocurrencies can also make major price gains. The crypto space is also growing fast, which could introduce even more coins to the market.