Why invest in cryptocurrencies?
For many, investing in cryptocurrencies can be a risky business, but for others, it is an opportunity! After all, the cryptocurrency market is still very new and offers many unique opportunities, but there can also be scams and fraudulent schemes that new investors can fall for, believing in the next “hot cryptocurrency” or mining promises. .
As we highlight on our website mercayala.com, our focus is long-term investing: staying away from trading and looking for the “perfect” time to buy Bitcoin and other cryptocurrencies.
Therefore, keeping in mind that we are aiming for long-term investments, we are going to present you with some interesting cryptocurrencies to buy (note that none of this constitutes an investment recommendation). This market we are talking about is very risky, so only invest what you are willing to lose, okay dear reader?
What cryptocurrency can have long-term potential?
It is always difficult to predict the future, especially in such an uncertain geopolitical scenario like the one we live in today! But if we were to tell you which is the best cryptocurrency to invest in, it would undoubtedly be Bitcoin.
It is common to hear comments like: “Bitcoin’s time is over, now we have to look for the next worthwhile cryptocurrency”, or “This is the new million dollar coin”. But the truth is that there is no other cryptocurrency that compares to Bitcoin.
Bitcoin is in a completely different category than other cryptocurrencies. We even like to say that BTC is one thing and other cryptocurrencies are another. But if you have come to this article looking for a cryptocurrency other than Bitcoin, we will recommend a very interesting and, we would even say, obvious option.
What cryptocurrency can have long-term growth?
When it comes to cryptocurrencies, the main option would be Ethereum! Whether we like it or not, today everything is built on this blockchain platform: tokens, NFTs, DeFi… Are there competitors for this network? Of course! Polkadot and Cardano are the main ones, but they are still far from offering what Ethereum has.
Instead of making assumptions and betting randomly, it is more interesting to focus on the current reality and today, Ethereum is! Does that mean that Polkadot and Cardano cannot be successful in 2 or 5 years? We are not saying that, because we know that this potential also exists.
The differential advantage of Ethereum is that it is a blockchain platform, which allows people and companies to build decentralized applications within their network. This makes Ethereum an extremely high market capitalization! It has always ranked second on CoinMarketCap.
By buying ETH, you indirectly expose yourself to tokens, DeFi, NFTs, and the metaverse. Why buy Sandbox and take hundreds of additional risks, if you can buy Ethereum and benefit from its token appreciation?