The popularity of cryptocurrency looks set to only grow. With more and more names making their mark in this space, it can be a minefield for new investors hoping to find a long-term asset.
In this blog article, we will guide you through some of the best cryptocurrency for a long-term return on investment.

Ethereum / ETHUSD

Long-term investors can see positive returns from choosing Ethereum. One marked difference between Ethereum and Bitcoin is that the former provides scope for developers to get more creative, even allowing them to create a token or defi asset of their own.

There have been numerous updates to the system over the years, causing price fluctuations on Ethereum. These upgrades have also helped to provide new options for scalability and will be completed in full in 2022.

On August 4th, 2021, Ethereum ‘London’ hard fork was activated. This latest upgrade became a part of a sequence of non-backward compatible hard forks, which had been planned from the beginning by the developers as intermediate stations on the way to Ethereum’s final evolution: Serenity.

After the London hard fork Ethereum price reached record highs of over $3,500, and some analysts predict that the price of the world’s second biggest cryptocurrency may hit nearly $20,000 in the next 5 years.

However, now is a great time to invest for future profits.

Bitcoin / BTCUSD

Bitcoin remains the cryptocurrency of choice for investors, largely due to the fact it has been around for longer than any other assets in this class. While bitcoin itself is still relatively new, launching in 2009, it has nonetheless become well-known to the general public as well as investors in the know.

As the oldest cryptocurrency, it is traded more widely than any other and has already gone mainstream in surprising ways. Bitcoin is used by numerous businesses and was at the forefront of the early legitimisation of the crypto market.

Due to its growing usage and its established nature, we recommend Bitcoin as a safer bet for long-term investment opportunities.

Cardano / ADAUSD

Cardano has been billed by many as an alternative to Ethereum, routinely self-described as the new generation of blockchain tech. Cardano was founded by one of the men behind Ethereum, Charles Hoskinson, and has already seen significant buzz from those interested in cryptocurrency.

While still in the development stage, it has already been considered as a great option for long-term returns. This is likely due to the reliability of Ethereum and the fact Cardano is focusing on scalability and security as key priorities.

Another option for long-term returns on investment, Chainlink is something of a pioneer in the cryptocurrency world. This is due to its process of transferring data from off-chain sources through blockchain being more and more mainstream.

Chainlink continues to grow in influence and has even become incorporated into mainstream companies, in a major nod towards ongoing financial decentralisation.

Ready to start your own financial journey?

At IQDAX, we specialise in digital asset exchange. Whether a trader or an investor, our easy-to-use platform helps you access the financial markets securely. Opening an account is quick and easy – so you’ll soon be discovering a world of crypto, commodities, stocks and Forex.

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