3 cryptocurrencies to buy now and keep forever!

At that time, the main cryptocurrency, bitcoin (BTC), went from $ 19,500 to $ 6,700 per coin over the course of seven weeks. This was a decrease of 64%.

But this time it is very different. Digital currencies are on the verge of being gifted a sound regulatory framework and must be adopted broadly. It would therefore be wise to buy the best cryptocurrencies during sharp declines, such as the one we are currently observing.

Read on to find out why Bitcoin, Ethereum (ETH) and Polkadot (DOT) are the top names on this list of long-term winners. These are the ones you need to pick up on temporary lows and then hold with diamond hands.

Hit first, hit hard

I’m not trying to surprise you. The idea is to select the most stable cryptocurrencies in a long-term perspective. These three tokens have first-mover advantage in their respective domain, which is not a small feat, especially for bitcoin.

Yes, there are many cryptocurrencies that share Bitcoin’s vision of providing a means of digital payment and storing value to compete with the dollar and the euro. But the best way to do this is to create a single digital currency – not dozens of options with slightly different design parameters – that is taken seriously by consumers, retailers, banks and other data manipulators.

Despite all its technical flaws, bitcoin has always been an alternative to cash. It is the first token that retailers are addressing when considering the future of cryptocurrency payments. It is the one that companies like Block and Tesla write on their balance sheets and replace part of their liquidity reserves. And although new companies have gained market share over the past five years, bitcoin still accounts for 41% of the market value of the cryptocurrency industry as a whole:

Within 5 or 6 hours, the number of bitcoins issued by Blockchain since its launch will exceed the number of 19,000,000 units for the first time. #bitcoin

Bitcoin is the cryptocurrency most obvious to buy now and keep forever. But wait – there’s more!

Smart contracts and flexible technology

One of the two main uses of cryptocurrencies is the transfer of money and the storage of valuables. The other is smart contracts, which use digital tokens to set up and manage a great range of cutting-edge products and services.

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Without smart contracts, there are no non-fungible tokens or decentralized financial services. They can add another layer of security to a cryptocurrency transaction or include additional data for the current transaction. These contracts can ultimately form the basis of next-generation voting systems, manage our health records, or automatically settle our claims.

It is a strong idea that can save you money in the long run. Here comes the value of smart contract tokens from their advanced features and usability in the real world.

You know the early bird that caught this worm as Ethereum. Projects that use this blockchain and its tokens make up the vast majority of all smart contract applications and services today. According to State of the dApps, a site that tracks the market for decentralized applications (dApps), Ethereum-based dApps 1,977 of 2,775 smart contract applications.

A programming platform that holds 71% of the total market is not easy to replace, though some of Ethereum’s rivals offer faster execution and other benefits.

And the Ethereum project is not exactly standing still. Developers are constantly fine-tuning the behind-the-scenes blockchain network code in preparation for the long-awaited release of Ethereum 2.0 in early 2022. less energy-consuming proof-of-stake and makes the whole system more secure. This willingness to recognize and correct technical errors on the fly ensures that Ethereum has a long and healthy future in a constantly changing market.

Get bigger profits from smaller cryptocurrencies

And let’s not forget the not-so-secret card up our sleeve. Polkadot is the eleventh largest cryptocurrency measured by market value, valued at 5.6% of Ethereum’s total value or 2.8% of Bitcoins. Polkadot’s vision is to connect different blockchain networks to form an interconnected system, ie much more powerful than the sum of its parts.

Similarly, apps built on Polkadot can examine the entire cryptocurrency market to find the best performing networks for a specific task, and then combine several to get an even more potent end product. Polkadot makes it easy with the extra help of crowdfunding processes and a thriving developer community.

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