5 Long-Term Cryptocurrency Assets to Keep an Eye on

If you have a glimpse of what’s happening in the crypto-verse, you must or should have noticed that the crypto world is rapidly growing, and new, better options are introduced in the markets every other day. 

It started with Bitcoin as the flagship crypto; thousands of new crypto assets have joined the market since then. Believe it or not, some crypto projects have even become exceptional investment prospects. But, at the same time, not all projects are fertile to investors. The point, in this case, is that it’s not easy for a rookie investor with an inadequate financial analysis background to invest in crypto. 

Bitcoin (BTC) – Everyone Should Consider Bitcoin First!

Bitcoin (BTC) launched in 2009 as a decentralized payment platform, giving users control over digital money. In addition, it aimed to foster transparency and curb financial fraud problems, which are common today. 

It has been able to hit great strides in the years it has been in operation, and it’s headed to even greater heights. Bitcoin made a list because it’s the first actual decentralized currency and should always be the first investment you should consider.

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Although experts credit Bitcoin’s growth in 2021 to its last halving, one thing is quite clear; the coin might outperform the largest investment assets like gold and other forms of securities in the long run. 

Ethereum (ETH)

Ethereum recently migrated to the proof of stake block validation system. The main reasons behind this migration are to reduce the cost implications that the Ethereum mining process faces and fees. The migration happened on the 1st of December 2020 and caused a tremendous impact within that short period. 

Since Ethereum is the second-largest platform in the crypto space, its price surges will have a great impact that will last for months or even years, leading to the growth of ETH and crypto as a whole. Therefore, any serious investor in the crypto space should plan to take advantage of the future growth in the Ethereum space and the crypto world. 

Other advancements that will bolster their functioning will include sharding for scalability, efficiency, and reliability. 

UniSwap ($UNI)

UniSwap is a crypto project based on the Ethereum network that allows investors to exchange all ERC-20 tokens freely. The platform launched in November 2018 and later introduced its native token, dubbed $UNI. Since the $UNI token launch, it has gained fast adoption due to the host platform’s trust. ,  

UniSwap is the most trusted ERC-20 token exchange platform, providing investors with vast opportunities in the decentralized finance world. If you want to swap any ERC-20 token, UniSwap is the solution. 

The platform currently hosts roughly 130 000 liquidity providers and over 500 DeFi platform integrations. There is no doubt that UniSwap will remain highly popular in the next many years, especially as new ERC-20 tokens are continually released. In addition, its liquidity option and fair reward allocation have made UniSwap thrive over its peers. 

Moreover, the Defi world is currently headed for one of the biggest revolutions that will provide a foundation for extreme crypto growth and, ultimately,r UniSwap.

Synthetix

Synthetix is another crypto project based on the Ethereum network, designed to help trade and issue synthetic assets. Since its launch in March 2020, the platform has noted great growth; for instance, the latest report shows over $2.5 billion locked in the platform, and in the future, the number is projected to continue surging.

Synthetix is a dual token platform. Its primary token option is Synthetix Network token (SNX), which acts as collateral for staking to release the synths, while its secondary token is called Synths.

But what makes Synthetix a project to watch? First, it allows users to issue Synthetic assets (Synths) representing other assets like cryptos, commodities, indices, and fiat currencies. Using Synths, users can quickly and easily own shares, indices, or other investment assets from other platforms. 

Due to big firms’ increasing adoption of crypto assets, Synthesized assets’ needs will surge. In addition, more companies are forecasted to list their stocks with the Synthetix network as a simpler access method. Therefore, Synthetix has an excellent immediate and long-term future thanks to its value proposition.

Polkadot

Polkadot is a crypto platform that provides cross-blockchain transfer of all kinds of data and other assets. Using this platform, investors enjoy a decentralized web, making it easy to create new applications. 

Polkadot has its native token, DOT, aiming to provide governance opportunities and form parallel chains. DOT is ranked in the top 15 cryptocurrencies regarding market capitalization.  

Core components that help strengthen the Polkadot network include;

• Parachains are some form of unique independent chains, each hosting its tokens.
• Parathread- a form of parachains, but it’s believed to have more flexible connectivity leveraging a unique model dubbed pay-as-you-go.
• Bridges- these are some form of links between parathreads and parachains.
• Relay chains help create interoperability, consensus, and top security. 

Polkadot is a sharded multichain network; it helps speed up the transaction processing, thus ensuring the entire network is highly scalable.  

Final Word

There is no doubt that Bitcoin has been the undisputed crypto coin in the last ten years. But looking beyond its popularity, you will find out that other digital assets have, for the moment, better technology and infrastructure than the satoshi coin. 

For instance, not to shill or anything, Ethereum is one project that’s projected to succeed, especially with the release of ETH 2.0, an upgrade that everyone has been longing for. Scaling being one of the benefits of ETH 2.0, experts believe the second-largest crypto could drive crypto adoption twice as much as bitcoin could. But, unfortunately, the ETH gas fees have been a menace, a setback that has been a Gordian knot for its developers to cut. 

We can not dispute the DeFi (decentralized finance) boom with the same rationale. Projects such as Uniswap, Synthetix, and Polkadot are pioneering entities in decentralized finance, a sector that is the stepping stone to the worldwide adoption of cryptocurrencies. 

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All in all, aside from Bitcoin, whose founder is not known to exist, most cryptos are always advancing – thriving to scale more, have a fast throughput, accommodate more functions and feature more or better use-cases for its users and the projects mentioned earlier are the best examples to go by.