Cryptocurrencies have become a popular topic among investors and individuals that want to make secure and private transactions. However, it’s widely known that they can be very unpredictable and either bring in a lot of benefits or liquidate investors in a manner of seconds.
Cryptocurrencies could theoretically go to zero and still have a long way to fall. This is due to the volatility they carry. While some investors prefer to buy cryptocurrencies that have the potential to bring them riches, some want to avoid risk altogether and trade with only stablecoin assets.
Nevertheless, a select few digital currencies are worth considering as investments you can hold forever. Below, we’ll explore five of those coins.
Ravencoin is a peer-to-peer digital asset platform that enables people to transfer assets over the internet easily. This is achieved using blockchain technology, which eliminates the need for traditional centralized intermediaries like banks or brokers. In addition to enabling fast asset transfers, Ravencoin offers improved security and privacy compared to legacy financial services providers.
Since its launch in 2018, Ravencoin has been adopted by businesses and individuals worldwide who have embraced its ability to securely facilitate transactions with low fees and fast transaction settlement times.
With its innovative features and constant improvements being made to the system, Ravencoin is quickly becoming one of the most popular crypto platforms available today. And if you are interested in buying Ravencoin, make sure that you do it on a reputable platform and do not invest an amount you cannot afford to lose.
Ethereum is a revolutionary platform that has enabled groundbreaking advancements in the world of smart contracts. Serving as a blockchain-based decentralized computer, Ethereum has opened up a number of opportunities and possibilities.
This groundbreaking platform runs on its own cryptocurrency called Ether. With a finite supply of 100 million coins, it is more than just a currency but rather a valuable asset. Over the past five years since its launch, Ethereum has gained massive traction due to its ability to provide companies and developers with instantly available infrastructure for dApps and other digital solutions. As such, Ethereum serves as the most popular decentralized platform and demonstrates blockchain technology’s importance in this modern era.
Unlike many other coins, Monero offers its users anonymity, allowing for secure and private transactions. What makes Monero unique is its total supply of 18.4 million coins, which makes it incredibly scarce and gives each individual coin holder greater investment potential down the road.
Finally, with the built-in privacy protocols, individuals can rest assured that their spending habits are untraceable. If you’re looking to expand your crypto portfolio, make sure to consider adding Monero to it before the initial supply runs out.
Dash, the digital currency of choice for privacy and speed seekers, is making serious moves. With a total coin supply of 18.9 million and growing demand, Dash is worth taking note of, especially if you’re looking to transact online in a secure manner without waiting an eternity for confirmation. While it isn’t as widely accepted as some other cryptos, Dash does boast a growing user base and a number of benefits, such as enhanced privacy, faster transaction times, better usability, and lower transaction costs.
All these features prove why Dash may just be the go-to currency for anyone involved in or looking to get into digital transactions, regardless of whether it’s protecting your finances or making quick payments.
Zcash is a relatively new type of cryptocurrency, which offers complete privacy and transparency. Just like Dash and Monero, Zcash has a limited supply of 21 million coins, and they can be used on a network that protects user identities and data. By capitalizing on cryptography-based technology, transactions made with Zcash are 100% private, allowing users to trade freely without worrying about their data being compromised.
Additionally, this type of encryption prevents double spending of coins, thereby making the currency much more secure for users who are looking for privacy within the cryptocurrency market. With its advanced security protocols and low supply cap, Zcash is quickly becoming one of the world’s primary privacy-focused currencies.
There are many options when it comes to digital currencies. Each cryptocurrency has its own unique features and benefits, depending on the user’s needs. And that’s why it’s of the utmost importance to go over these coins’ whitepapers and determine whether they are the right fit for your investment portfolio.