5 Best Cryptocurrencies to Invest In 2022 for Long-Term Investment (2024)

The cryptocurrency market is filled with projects of different kinds, each serving a particular purpose. With more than 21,000 cryptocurrencies in existence today, the options for choosing one to invest in are endless. This is because, according to experts, almost 90% of these coins that exist today will collapse once the crypto industry matures.There will be very few cryptocurrency projects that will survive this “crypto apocalypse”. Those that do survive will go on to experience exponential growth, making HODLers a fortune. These are the projects that every crypto-investor should focus on chasing and accumulating.That being said, it is very difficult to tell which coins will be sustainable and which ones are doomed to fail. A project that seems successful today can decline in a few weeks’ time. Luckily, we’ve compiled a list of 5 of the best cryptocurrencies to invest in for the long term. The cryptocurrencies included in this list have fundamentals and technical metrics that show that they have remarkable potential moving forward.

Overview – 5 best cryptocurrencies to invest for long-term investments

The following are five of the cryptocurrencies expected to be suitable for long-term investments in 2022.

• Tamadoge (TAMA)
• Lucky Block (LBLOCK)
• Battle Infinity (IBAT)
• Cardano (ADA)
• Polkadot(DOT)

Read on to find out about the aforementioned 5 projects in detail below.

1. Tamadoge (TAMA)

Tamadoge has caught the eye of cryptocurrency investors by presenting a combination of a meme coin, an NFT, and a play-to-earn or P2E metaverse game. The project’s vibrant metaverse, known as Tamaverse, consists of digital pets in the form of NFTs as well as the platform’s native currency called TAMA. The Tamaverse allows users to meet, hang out and use their digital pets to compete with each other.The name Tamadoge comes from Tamagotchi, a Japan-based collection of handheld digital pets. The virtual pets inside the Tamaverse are minted as infants, with users required to feed and take care of them to make them ready for competing. By winning battles, users receive Dogepoints which can be redeemed to acquire TAMA tokens.Tamadoge has already concluded an impressive presale, thanks to its host of utilities, features, and a goal-ridden roadmap. Many experts expect Tamadoge to see 10x growth by 2023. Its presale has already been more successful than that of Ethereum and Stepn, another popular move-to-earn platform. The token has already shown massive gains and recently got listed on OKX, a popular crypto exchange.When discussing the tokenomics of the project, the first thing that catches everyone’s eye is the maximum supply of 2 billion tokens. Half of these were available in the pre-sale, while the other half will be allocated to listing on exchanges and for future minting.To stop the token’s value from falling, the Tamadoge team will take 5% of the TAMA to spend on the network’s online shop and burn it. Additionally, 30% of the fee is allocated to marketing and development of the platform, while the remainder is sent to the system’s prize pool.

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2. Lucky Block (LBLOCK)

Lucky Block is a relatively new NFT competition platform created by Scott Ryder. It allows players to earn rewards in LBlock tokens by entering competitions or holding NFTs. Launched back in January 2022, the LBLOCK token was initially listed on PancakeSwap DEX and LBank centralized exchange. It launched the Platinum Roller Club, its first NFT collection. Each of these NFTs will give holders automatic entry into competitions and help them receive a percentage of the rewards pool.Lucky Block has experienced success from the time it was launched, reaching the $1 billion market cap mark. It had already amassed over 50K investors in the first three months of launch. While LBLOCK currently uses the BSC blockchain, it has plans to migrate to Ethereum.The Lucky Block project solves the problem of lack of profitability and transparency in the online gaming industry. It makes such games more accessible by bringing them onto the blockchain.There are a total of 10,000 Lucky Block NFTs available, with each NFT having an inherent value in the long term. This is also one of the reasons why the Lucky Block NFT value will only appreciate from this point onwards.

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3. Battle Infinity (IBAT)

Battle Infinity is a relatively new gaming platform which consists of several P2E games. All the games form part of a metaverse world known as IBAT Battle Arena. In Battle Infinity, gamers can play, battle, and interact with each other. Several items such as characters and weapons are tokenized.When users buy them, they become owners directly, unlike many other similar games. These BEP721 smart contracts form the core of the IBAT native token. With fantasy sports predicted to be one of the most favored right now, Battle Infinity is expected to become one of the best of its kind.Battle Infinity has some unique features including auto staking, auto-liquidity, Anti-bot, anti-dump, and auto-tax. The auto-staking feature allows users to stake their tokens for a certain period of time and get an interest return in exchange. All of this makes Battle Infinity the ideal long-term investment when it comes to cryptocurrencies.

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4. Cardano (ADA)

Cardano is another cryptocurrency that serves as the perfect long-term investment. However, the current status of the project is in shambles. However, the project has an innate advantage over Ethereum – its proof-of-stake protocol.It’s a fact that Ethereum used an older proof-of-work protocol before the merge when verifying transactions and protecting the integrity of the network. However, Cardano’s proof-of-stake protocol did the same, only faster, cheaper, and using less energy.While Ethereum’s upgrade to PoS might level the playing field, Cardano’s popularity among dApp developers can maintain the demand for the ADA token. Cardano experienced exponential growth after its recent hard fork, where over 100 smart contracts were deployed on its network. The next upgrade is scheduled for September 22^nd.Developers also consider Cardano to have high potential judging by the latest figures. For instance, there are more than 1100 projects under development in Cardano, while 99 projects have already been launched. Additionally, Cardano has over 3000 Plutus scripts running on the network.

5. Polkadot (DOT)

With a market cap exceeding $7 billion, Polkadot has become one of the best long-term prospects since its launch way back in 2020. It serves the dual function of being a cryptocurrency as well as a blockchain network allowing developers to build and innovate on decentralized systems.Polkadot was created with the aim of connecting independent blockchain networks into a single unified network, allowing the creation of new chains. With the help of this integration, users can access its PoS validation for security and transactions. This makes it simpler to transfer apps, tokens, and other digital assets across different blockchain networks.Polkadot recently introduced an update that allows transfers of assets and communication between Polkadot parachains. This will open up the Polkadot to new use cases. While Polkadot’s main competitors are Ethereum and Cardano, its early foray into smart contract technology provides it with a definitive edge.

Conclusion

Cryptocurrencies are here to stay and every investor should look to take advantage of it. However, they should always conduct good research and invest in coins after verifying all the details. With the number of cryptocurrencies available right now, this is becoming extremely tough. Among the cryptocurrencies mentioned above, Tamadoge, Battle Infinity, and Lucky Block are three projects which are destined to succeed in the long run.