There are currently over 15,000 different cryptocurrencies [1] so chances are you’ve never heard of most of them.
With such a large amount What are the cryptocurrencies with the greatest future at the end of the current bear cycle?
In this article, I will share 9 cryptocurrencies that have a lot of potential to keep in mind when investing for the long term.
At the end of the article, I leave you with some trends in the world of crypto to keep in mind in the years to come.
Cryptocurrencies with more future to invest in long term.
- Bitcoin (BTC): payment method and store of value
- Ethereum (ETH): Leading Smart Contracts Platform
- Cardano (ADA): Eternal Promise
- Avalanche (AVAX): working alternative to Ethereum
- Illuvium (ILV): the NFT game ready to reach the general public
- Binance (BNB): The Absolute Leader in Cryptocurrency Exchanges
- SandBox (SAND): Metaverse with the highest adoption in the crypto world
- Polkadot (DOT): connection between different Blockchains and scalability
- Gala Games (GALA): blockchain gaming platform
1.Bitcoin (BTC)
Category: Means of payment and store of value
Market cap: $695.4 billion // Price: $36,560 (February 2022) [4]
Created in 2009 by someone under the pseudonym of Satoshi Nakamoto, Bitcoin (BTC) is in my opinion the most important cryptocurrency of all. Bitcoin was a pioneering project that, for the first time in history, allowed people to store and manage their money without the intervention of banks, governments, and third parties.
Some of the reasons why it is the most valuable cryptocurrency are:
- It has the highest liquidity and capitalization.
- It is the best known and most used cryptocurrency.
- Ease of purchase by someone who is new to the world of digital currencies.
- The ease of investing in it, since there are many ways to do it, such as buying Bitcoins directly, but also through futures, options, CFDs or ETFs.
- Bitcoin is the most widely accepted cryptocurrency as a method of payment.
Why can Bitcoin be a good investment?
Bitcoin is the most demanded cryptocurrency
In addition to all the above reasons, investments in BTC by individuals and institutions are increasing. An example is the investment made last year by some major listed companies such as Tesla or Microstrategy. [5].
Permanent rules and rarity
ANDAt a time when Central Banks are conducting abnormally expansive monetary policies, Bitcoin offers the opposite: decentralization and a limited number of monetary units issued more and more slowly.
This is why it is often considered digital gold because it is limited, easy to store, non-confiscable, easy to transfer and can be used to make payments.
The regulations are changing positively:
Currently only a few countries have banned bitcoin and in 2021 a very relevant event took place when El Salvador was the first country in the world to accept bitcoin as legal tender. [6].
2.Ethereum (ETH)
Category: Smart contracts
Market cap: $312.4 billion // Price: $2,600 (February 2022) [7]
Ethereum is the second cryptocurrency by popularity and market capitalization.
Unlike Bitcoin, which is a form of payment, Ethereum is a large open-source decentralized operating system. He pioneered the idea of smart contracts, which enable the creation of decentralized applications (DAp).
Smart contracts facilitate transactions if certain conditions are met. This transaction would be carried out automatically and without the intervention of third parties, in addition to being irreversible and traceable.
Why does Ethereum have a bright future?
As mentioned at the beginning of the article, some of the sectors with the highest projection within the crypto ecosystem are NFTs, Decentralized Finance (DEFI), Blockchain Gaming, and Metaverses.
All of them need smart contracts for their operation, and Ethereum is the most important blockchain that has this feature.
But Ethereum has several problems, not the least of which is its high fees, which make it virtually impossible for an average user to use.
But in 2022 the release of Ethereum 2.0 is expected [8], an upgrade of the current Ethereum blockchain. Among other important improvements, its main objective will be to increase the number of transactions per second and to decrease the fees.
3. Gimbal (ADA)
Category: Smart contracts
Market cap: $34.6 billion // Price: $1.02 (February 2022) [9]
Cardano, like Ethereum, is also a smart contract platform. The development team of this blockchain conducts extensive research and regularly publishes their results in academic articles. All of this with the aim of building a technically superior blockchain with long-term visions.
Why does Cardano have a lot of potential for the future?
The development of Cardano is slow because its development process is very systematic, which is why it is often criticized for being an eternal promise without any form of adoption.
But 2022 could be a big year for ADA as its ecosystem is growing rapidly and many apps are expected to see the light of day this year. As has happened in other similar blockchains, the higher the actual utility of a network, the more users will use it, with a consequent increase in the price of Cardano in this case.
The first app launched this year was SundaeSwap, the first decentralized exchange on the Cardano network, but the list of new projects to launch in 2022 is huge [10]
4. Avalanche (AVAX)
Category: Smart contracts
Market cap: $16.26 billion // Price: $65.76 (February 2022) [11]
Avalanche is another smart contract platform with the biggest future in 2022. It focuses on transaction speed, low cost, and energy efficiency in its operation.
Why invest in Avalanche?
From a technical point of view, Avax is very fast and inexpensive to use, so it can be an alternative to Ethereum according to Bank of America [12] and many other analysts.
Its user base is growing exponentially, with more than 500 applications currently in use.
Last year, announced investments of more than 400 million dollars, 230 million investment funds [13] and 200 million from the Avalanche Foundation[14].
And he also announced alliances with big companies like Deloitte [15]firewall [16]bitgo [17] or smart vehicle company Togg [18].
5. Iluviu (ILV)
Category: Blockchain Games
Market cap: $365.2M // Price: $568.34 (February 2022) [23]
Iluvium is a blockchain game that will be released this year. In this Play to Earn game, players collect creatures with their own characteristics and fight with other players.
Its token is ILV and it has various uses in the Illuvium ecosystem. It is mainly used to reward players for their in-game achievements and participate in in-game politics through the DAO (Decentralized Autonomous Organization).
Why does ILV have a projection for the coming years?
Blockchain gaming is a major trend to follow in 2022.
While there are already a few in the works, like Axie Infinity, Illuvium’s goal is to have a lot more quality graphics and gameplay to reach the general public.
6. Binance (BNB)
Category: Exchange centralized
Market cap: $60.28 billion // Price: $363.64 (February 2022) [24]
Changing a little sector, we will talk about BNB, the cryptocurrency created in 2017 by the Binance exchange.
The BNB token has several uses, including:
- The payment reduced fees for the purchase / sale of cryptocurrencies on the exchange.
- BNB can be used as collateral to apply for loans on some platforms.
- Token used on Binance decentralized exchange
- It allows investing in the launch of new projects (ICO) via the so-called “Binance Launchpad”.
Since the birth of Bitcoin, exchanges have been a fundamental part of the cryptocurrency ecosystem. Without them it would be impossible to invest or trade with cryptocurrencies, being also the means by which we enter and withdraw our FIAT money.
As the adoption of digital currencies increases, so does their importance and usage. An example of the expansion of this sector is the IPO of the Coinbase exchange on April 14, 2021. [25].
Why invest in BNB?
In addition to diversifying into a key sector of the digital currency ecosystem, there are several reasons:
- Binance is the largest exchange in the world
- It is constantly innovating both in the products and in the services it offers.
- Each quarter, as its white paper indicates, a portion of its tokens are burned. In practice, this means that the number of tokens remains finite, becoming more and more rare and with a tendency to increase over the long term.
- It continues to expand worldwide comply with the regulatory obligations of the various countries in which they operate. [26].
- Holding BNB allows us to access a multitude of services such as staking, launch platforms or liquidity pools.
7. Sandbox
Category: Metavers
Market cap: $3.4 billion // Price: $3.58 (February 2022) [27]
Sandbox is a virtual world where its users can buy digital lands (called LANDS), create experiences on them, interact with other people and, in short, do many things that we can do in the real world.
Why is Sandbox one of the cryptocurrencies with the biggest future in 2022?
Facebook’s decision to rebrand itself as Meta has put everything about the metaverse in the spotlight, and in 2022, this new trend may continue.
Of all the metaverse cryptocurrencies in existence today, Sandbox has received millions of dollars of investment and attracted dozens of companies willing to collaborate on the project, some as well-known as Atari, Adidas [28] or Warner Music [29].
8. Peas (DOT)
Category: Interoperability and Scalability
Market cap: $18.1 billion // Price: $18.26 (February 2022) [30]
Polkadot is a network that allows connection between different blockchains, facilitating the transfer of any data or asset between them.
Why can Polkadot be an investment for the future?
Polkadot is a project that has potential as it is tasked with solving some of the problems faced by the various blockchain protocols, such as the lack of interoperability and scalability.
Interoperability refers to the idea that different blockchains can interact with each other and communicate their information securely. Scalability is the ability of a network to process many transactions in a given amount of time.
As the number of existing blockchains increases, there is a need to facilitate communication between them, and the main protocol to accomplish this task is Polkadot.
9. Gala Games (GALA)
Category: Blockchain Games
Market cap: $1.2 billion // Price: $0.18 (February 2022) [31]
Gala Games is a blockchain gaming platform that offers its players the opportunity to play, win and be rewarded for it.
You can play for free and in any browser.
His idea is to create blockchain games that you want to play, putting fun first. We could somehow compare it with the famous gaming platform STEAM.
Why invest in GALA?
Gala Games is not a simple game whose success may never come or people may lose interest in it. On the contrary, they offer a wide variety of different blockchain games, but always focused on fun and not on the use of one type of technology or another (in this case integrated into a blockchain).
Galagames is already live and offers working games with a massive community.
It is a good option if we want to have exposure to blockchain games
It is also important to note that its founder is Eric Schiermeyer, one of the co-founders of the large online social video game company Zynga. [32].
Crypto sectors to watch in 2023
The criteria for selecting cryptocurrencies from the previous list are, among other things, the choice of solid projects that have a good development team, with a community to support them, with good fundamentals and very important, whether they are in sectors with growth potential. long-term growth.
Following trends that started last year, some areas to keep in mind when investing in cryptocurrencies are:
–Metaverse: Metaverses have been one of the hot topics of the past year, especially after interest from big companies like Facebook [2] or Nvidia [3].
–Games: The video game sector has been one of the most dynamic for years and as of 2021, a large number of games are being developed that integrate blockchain technology.
–NFT: Non-fungible tokens have also gained popularity in digital art, and this year their use will be extended to metaverses or blockchain games.
–Decentralized Finance (Defi): This is another of the important applications within the crypto ecosystem.
–Scalability and interoperability: As the number of projects and the number of users increase, improvements are needed in terms of speed, reduced fees and communication between blockchains.
Whether you’ve been into cryptocurrencies for a while or you’re just starting out, I hope the article has been of interest to you and gives you some ideas about future sectors or cryptocurrencies when it comes to long-term investing. term.
Finally, remember that this article is for informational purposes only and does not constitute investment advice. Before investing your money, you should do your own research, as cryptocurrencies are high-risk assets, so you need to make sure you know what you’re doing and make the most informed decisions possible.