The 6 best cryptocurrencies to buy for a solid long-term crypto investment strategy in 2023

0
90

After a challenging year, the dust is finally settling on the crypto markets. The seismic events of 2022 have changed market dynamics and investment strategies for the foreseeable future. Instead of looking for a quick return, many investors now want to play the long game. So what are the 6 best cryptocurrencies to buy for a solid long-term crypto investment strategy in 2023?

The 6 best cryptocurrencies for your crypto investment strategy

  1. Metacad (MCADE)
  2. Ethereum (ETH)
  3. ApeCoin (APE)
  4. Ripple (XRP)
  5. Polygon (MATIC)
  6. Bitcoin (BTC)

1. Metacade (MCADE)

The play-to-earn (P2E), GameFi, and blockchain gaming sectors are all widely tipped for explosive growth in 2023 and beyond. That’s why there’s such a buzz around Metacad (MCADE), with its wide upcoming choice of metaverse and arcade games. The company plans to become the ultimate Web3 gaming hub, where gamers, developers and entrepreneurs connect, communicate and interact for mutual benefit and potential financial gain.

Here’s how Metacade (MCADE) works. Players will have the opportunity to monetize P2E games, online competitions, content creation, alpha and beta testing, and new job opportunities. Developers can interact directly with gamers to test and develop products, launch new games, run paid contests, and recruit skilled employees. Finally, entrepreneurs and crypto enthusiasts can stake and invest their MCADE tokens.

Metacade’s (MCADE) business model is aimed at anyone interested in cryptogaming. This inclusive approach is further enhanced by the company’s stated intent to become a DAO, giving each member control over the input and direction of the platform. The companies progressive roadmap also includes Metagrants, a program that provides funding for the development of next-generation titles on the platform.

Why buy MCADE?

Metacade (MCADE) is yet to launch, so when considering your crypto investment strategy, it is vital to look at presale success and vision within the roadmap. With $3.3 million quickly raised in pre-sale in the beta phase and already on its way to $5 million, it’s an attractive offering in the P2E and GameFi industries. Both target markets will explode, and with a hot presale priceMetacade (MCADE) is the top pick of the best cryptocurrencies.

>>> You can participate in the Metacade presale here <<

2.Ethereum (ETH)

The giant crypto number two ranks second on this list of the best cryptocurrencies. Some observers see Ethereum (ETH) as being in the permanent shadow of Bitcoin (BTC), but that misses the mark. Both giants are digital currencies, but Ethereum (ETH) offers much more by supporting a huge range of smart contracts, decentralized apps, and DeFi services.

See also  Ethereum Price Prediction V/S Metacade: Which Is The Better Long Term Crypto Investment?

Ethereum (ETH) has inspired many competitors who want to address the well-known criticisms of the platform, namely high costs, scalability issues and slow transaction processing. But while some of the competition has succeeded in those goals, Ethereum (ETH) still pushes ahead, thanks to its powerful functionality, widespread adoption, stability, security, and liquidity. Pretenders to the throne of Ethereum (ETH) have a long way to go before they can match its qualities.

Why buy ETH?

In times of uncertainty, investors tend to look to stable, established, and sustainable performers – and the same rule applies to the crypto market. It also generally means that investors are looking at larger companies, which are better able to handle any short-lived blips or problems. The size of Ethereum (ETH) is certainly a factor that drives people’s crypto investment strategy, but its many other qualities also make it one of the best long-term cryptocurrencies.

3. ApeCoin (APE)

ApeCoin (APE) perhaps not everyone’s choice when it comes to the best cryptocurrencies, but it stubbornly remains popular with its avid fans. Backed by household names like Paris Hilton and Justin Bieber, ApeCoin (APE) seems to divide opinion when it comes to crypto investment strategy. Critics point to a drop in value since its launch in March 2022, while fervent supporters report successful NFT launches and the fact that it was barely affected by the FTX crash.

Those hugely successful NFT launches are a big part of why ApeCoin (APE) is such a darling of the crypto world. Certain holders of Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs achieved spectacular returns, and it’s that promise – in addition to super smart marketing, clever merchandising, exciting future plans and the association with Yuga Labs – that are causing investors to flock to ApeCoin (APE).

Why buy APE?

Since ApeCoin (APE) is widely accepted and extremely popular, there are plenty of investors who see this meme coin as an integral part of their crypto investment strategy. But is it a good long-term bet among the best cryptocurrencies? Yes, based on its continued popularity, unparalleled promotion, growing ecosystem including gaming and high liquidity. ApeCoin (APE) may well prove that the hype is sometimes fully justified.

4. Ripple (XRP)

Ripple (XRP) is a classic example of how cryptos have the power to shake up old-fashioned market dynamics and deliver a new service that is faster, cheaper and more secure than traditional methods. If you’ve ever experienced the frustrations of trying to make an international money transfer with a conventional financial institution, you’ll appreciate Ripple’s (XRP) lightning-fast speed, convenience, and low cost.

See also  Hodlnaut eyes liquidation after creditors reject restructuring plan

Some people assume that Ripple (XRP) targets individual customers, but the company focuses more on financial services companies, who use it to provide a better service to their customers. Ripple’s (XRP) clients include some of the world’s best-known financial institutions, such as Santander, Bank of America, and UBS. Such names underline why Ripple (XRP) ranks so highly among the top cryptocurrencies and why it is a long-term investment.

Why buy XRP?

For all its reputation as one of the top cryptocurrencies, there is an elephant in the room with Ripple (XRP) – the ongoing lawsuit with the SEC over a potential regulatory violation. A negative verdict obviously has serious negative consequences, but the opposite is also true. If Ripple (XRP) can win its case – and don’t forget it has many big clients and partnerships – then it should definitely be part of a solid long-term crypto investment strategy.

5. Polygon (MATIC)

Some cryptos are all about the hype, backed by high-profile celebrities, glitzy marketing, and prestigious sponsorships. But if you examine underneath all that style, you often find very little substance. Polygon (MATIC) couldn’t be further from that model. If Polygon (MATIC)’s marketing was as good as its platform, product range and functionality, it would surely be an even bigger success than it already is.

Polygon (MATIC) is widely recognized as the leading Layer-2 solution for Ethereum (ETH). It works by offering faster, more scalable, cheaper and more flexible transaction processing. Those qualities, plus its ease of use, have made Polygon (MATIC) extremely popular with developers and investors. With so many apps running on the platform and so many developers on board, Polygon (MATIC) is an essential element in any long-term crypto investment strategy.

Why buy MATIC?

Many investors now prefer to back industry giants like Ethereum (ETH). Such a crypto investment strategy is likely to have a positive effect on companies like Polygon (MATIC), which are closely tied to Ethereum (ETH). But it underlines the excellent functionality, reputation and partnerships that make Polygon (MATIC) one of the best cryptocurrencies in its own right. Its continued success and impressive future plans also mark it as a great long-term prospect.

See also  Crypto Price Predictions: SUSHI, Immutable X, AGIX

6.Bitcoin (BTC)

If you ever needed proof of the merits of a long-term crypto investment strategy, look no further Bitcoin (BTC). Investors who bought BTC in early 2017 paid a price of around $1,000. At the beginning of 2023, that investment will be worth a multiple of 18x. Granted, that figure isn’t all that impressive at its 2021 high of more than $68,000, but it does illustrate the value of a long-term view.

Of course, the sheer size of Bitcoin (BTC) means that it invariably appears on any list of the best cryptocurrencies. Bitcoin (BTC) has weathered many storms since then launch way back in 2009. Other companies have come and gone, but Bitcoin (BTC) has resisted and persevered. For many, it’s the “go-to” cryptocurrency, and its market dominance doesn’t look likely to be compromised any time soon. All long-term crypto investment strategy plans must include Bitcoin (BTC).

Why buy BTC?

There is widespread acceptance by major institutional investors that, despite everything, cryptocurrencies are here to stay. Those investors also understand the importance of following the largest, longest established, most popular and most valuable player in any market. Finally, they know better than anyone that if you play the long game, markets almost always recover. If Bitcoin (BTC) is the choice for institutional investors, it should be the choice for everyone.

Best cryptocurrencies for your crypto investment strategy: the verdict

If you are looking at the best cryptocurrencies to buy as part of a solid long-term crypto investment strategy, all candidates here have their specific appeal. In addition, ApeCoin (APE), Bitcoin (BTC), Ethereum (ETH), Metacade (MCADE), Polygon (MATIC), and Ripple (XRP) all have the potential to enjoy a long and prosperous future.

Picking an outright winner can be tough, but in the end it’s actually an easy decision. The boom in P2E and GameFi means that Metacade (MCADE) is a great long-term prospect, with its current pre-sale offering excellent short- and medium-term profits as well. However, there’s no time to delay if you want to catch up on a piece of the action the best presale price.

You can buy the best cryptocurrencies at eToro here.

You can participate in the Metacade presale here.

LEAVE A REPLY

Please enter your comment!
Please enter your name here