Best Cryptocurrencies To Buy

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Best Cryptocurrencies To Buy

The Best Cryptocurrencies To Buy For Long Term

If you had just $100 to invest in the crypto market, then which coins would you choose? That's a question that is pretty common and is asked by every other trader.

quick look at the market shows that Solana and XRP are two solid picks for the long term. Although these 2 coins will not give as many returns as memecoins, they are backed by solid technology & thus have the potential to deliver great returns.

Xrp

If you had bought $100 worth of XRP around 10 years ago, it would be worth $54K today! So, there's no doubt that investing in cryptocurrency can change the lives of investors.

As of now, the market cap of XRP is $132 billion, which is not that high when we look at ETH or BTC. Also, XRP is a utility coin and has a solid team of developers behind it.

If we talk about challenges, the biggest one is the new blockchain platforms. For example, Solana is more powerful and faster than XRP, which is a big challenge for XRP.

But Ripple Labs is also working behind the scenes to keep the XRP relevant. For example, it has integrated XRP with Ripple Payments. This now allows the clients to make cross-border payments using the token. With all things considered, XRP can be a very good utility-based coin for investors.

Solana

Solana started in 2020, which makes it a new player in the industry. But Solana is more powerful than many other projects, which makes it a solid option for investors.

Also, Solana is a better and faster alternative to the Ethereum blockchain as it allows developers to make & launch dApps. And last but not least, the availability of memecoins also helps improve the transaction volume on the Solana network.

Solana can be a good option for long-term investors as it works on a PoS based validation system. So by just using the tokens to secure the network, a user can earn rewards.

In fact, the staking yield of Solana is way higher than the average dividend yield of the S&P 500, which is only 1.2%. So, another solid digital coin you can buy in hopes of solid gains is Solana.

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