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What are the top three coins under $5 for long-term investment? There are hundreds but picking the right one among those hundreds is tricky. Here are the top 3 coins for long-term investment that are under $5.
Last updated Jul 27, 2022 at 6:59 PM
Posted Jul 22, 2022 at 4:00 AM
Cryptocurrency is bleeding red just now, but those who understand the price cycle will take this dump as an opportunity to buy everything at 70% off. Traders often don’t bother much about the initial price of an asset, since they plan to resell it quickly for a rapid profit. However, investors seek opportunities. They want to spot the next big coins that have the potential to grow like BNB and Ethereum but are just starting. They run extensive fundamental and technical analyses to track the performance and find highly underrated projects. A good coin that is already above $500 has less chance to grow compared to a coin under $5 when it comes to long term investment.
Top 3 Coins for long term investment
These top 3 coins for long term investment are picked on the basis of their use case, their accessibility, their interoperability, and their potential to grow as we enter the next phase of blockchain of Web3, NFT 2.0, and Decentralized Finance.
Polygon Matic is a layer 2 scaling solution that offers the security of Ethereum with improved speed and decentralized nature. It’s a layer on Ethereum to process the transaction off of the main chain with the Proof of Stake algorithm. This takes a lot of weight off the Ethereum mainnet and transactions are faster and cheaper. Many DeFi and dApp are built using Polygon, and NFT enthusiasts love to use this chain to drop projects with almost no gas fees.
This was the fundamental part of Polygon Matic, coming to technical analysis: the coin is in just the right position where most traders enter the trade.
Like all other coins,Matic is bleeding red, trading at $0.32 after making a high of almost $3 last year. This coin took 250 days last time to reach from just 30 cents to a high of $2.93 and it has the potential to grow to that level again.
ThorChain’s native coin Rune is fundamentally one of the best coins. Rune is a settlement tool for liquidity pools and it facilitates the swaps between two pools. ThorChain is an independent blockchain built using the Cosmos SDK that will serve as a cross-chain decentralized exchange (DEX).
Technically, the coin might seem bearish, until you zoom out the chart and look more closely. Rune is resisting the bearish trend, unlike any other coin. Rune has a history of claiming its highs faster than all its rivals. Currently trading above $2, Rune has good support at $1.78 and $1.15 and can easily rise 3x to 5x this year. Some optimistic analysts predict Rune going to $84 by 2030.
Near Protocol is an Ethereum competitor layer 1 protocol that is known for amazing tokens and tokenomics. Near utilizes the Night Shade technique for a multi-node approach to maximize the speed by keeping the security and decentralization at their optimum levels.
Near is a coin that jumped from the current price level of $3.32 to $20 in a mere 4 months and maintained that peak for quite a long time. Near has the potential to grow at least 3x more this year and much more in the years to come.
If you’re planning to invest in cryptocurrencies for the long term, divide your portfolio into multiple coins, as a diverse portfolio always protects investors from major dumps. If coin A is not performing well in your portfolio, coin B must be. Educate yourself before you dive in.
Cryptocurrencies are highly volatile and speculative and there’s a risk involved in trading and investing in these decentralized assets. The above analysis is not financial advice but an editorial opinion based on fundamental and technical aspects. This article doesn’t include any paid promotional coins and you’re solely responsible for the positive or negative outcomes of these investments. DYOR (Do Your Own Research) before investing.