Which are the Best Long-term Cryptocurrencies Under $6 for DeFi Investments?

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The CEO of MicroStrategy Inc. said crypto represents a high-risk, high-volatility asset to the short-term investor.

Which Below $6 Crypto Is Worth Investing in for the Long Term

  • But for one with a 10-year term view, it is a low-risk store of value.
  • While BTC and ETH lost over 30% during the recent market collapse, ADA held firm and traded between $0.5 to $0.42.

According to MicroStrategy Inc. CEO Michael Saylor, cryptocurrency is a high-risk, high-volatility investment for short-term investors. However, it is a low-risk store of value for someone with a 10-year perspective. Even though bear markets cause investors to lose money, they also give possibilities for higher returns with smart planning.

We examine three cryptocurrencies below that are viable long-term investments.

Cardano (ADA)

ADA is the native token of Cardano, a proof-of-stake blockchain network with a wide range of applications. ADA comes after only Bitcoin (BTC), Ethereum (ETH), and BNB in the rank of the top coins. ADA is arguably the most prominent Twitter community and has consistently won polls against BTC and ETH. It currently trades at $0.4974, with a 6% increase in the last 24 hours. While BTC and ETH lost over 30% during the recent market collapse, ADA held firm and traded between $0.5 to $0.42.

XRP

XRP is the native token of Ripple, a blockchain-based digital payment network and protocol. Recently, Ripple made several partnerships to facilitate crypto payment services with major brands adopting cryptocurrency. It ranks as the sixth coin by market share and trades at $0.3657, with a 13% increase in the last 24 hours.

UNI

Uniswap, a decentralized exchange well known for its automatic trading of DeFi tokens, issues UNI as its utility token. In order to bring the platform’s governance token, UNI, to the public’s attention, it was airdropped to the exchange’s current users in 2020. With a market valuation of more than $4 billion, UNI is among the top 19. With 3.9 million addresses, Uniswap reached the $1 trillion volume milestone last month, demonstrating tremendous possibility for expansion. UNi has increased by 5% during the past day to trade at $5.65.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.

 

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