Which Cryptos are Best for Purchasing and HODling?

3 mins, 6 secs Read
Updated On December 22, 2023

Investing in cryptocurrencies is becoming an increasingly attractive option for institutional investors. Because of all the various assets offered, it may be tough for a person to select the best one. 

Not all seemingly attractive tokens have what it takes to survive the long term, making careful selection essential when looking at investing prospects within the cryptocurrency space. 

Therefore, let’s take a look at some of the top-rated assets that offer potentially lucrative investments thanks to their fundamentals and promising long-term prospects. Trading Bitcoin on Bit Index AI futures enables you to bet on unpredictability, and it may be done by simultaneously purchasing a call and put option.


Booming on an international level, Ethereum is fast becoming a household name. The world’s second-largest digital currency by market cap after Bitcoin and the foundation of decentralized applications (DApps) and smart contracts, Ethereum has much potential ahead with its successful transition to the proof of stake (PoS) consensus algorithm. 

This transition holds promise for improved transaction speeds, staking capabilities, as well as lower gas fees, which have been historically high. With the completion of this merger imminent, crypto enthusiasts are eagerly anticipating increased network usage upon launch.

Binance Coin (BNB)

The Binance Coin (BNB) could be the world’s largest digital currency, along with Binance Coin is considered the most widely used cryptocurrency marketplace. Binance intends to continue to build its ecosystem using new features, such as an NFT marketplace.

While the ecosystem grows, its customers will largely utilize BNB for charges along with other payments, a scenario that raises the valuation of crypto assets. On the Binance Smart Chain (BSC), BNB will also be the local token. Because of its quicker transactions as well as lower costs, BSC has rapidly increased to be a powerful competitor of Ethereum. These all have played a role in increasing the worth of the token and may still play a significant role in it down the road.


Cardano is a cryptocurrency that is going under the radar of plenty of crypto enthusiasts. ADA was created by Ethereum Co-Founder Charles Hoskinson, and it has chock-full possibilities, with support for smart contracts, NFTs, and much more, for a distributed long term. 

The project has developed new capabilities such as Binance, which includes an NFT marketplace. The Cardano Launchpad is yet another essential Cardano function, in which different crypto projects will be released.


By market value, Bitcoin is the biggest cryptocurrency. It presently controls over 250,000 cryptocurrencies, representing 41% of the worldwide crypto space. The very first cryptocurrency was Bitcoin, therefore nearly all investors consider it to be electronic gold, or maybe a commodity. 

A lot of institutional investors have supported Bitcoin within the past couple of years, primarily due to inflation impacting the US dollar along with other global currencies. Additionally, it has performed much better than a lot of the best assets, such as the FAANG shares. Bitcoin is stable in comparison with other crypto coins and is therefore suggested for crypto novices.


XRP is the indigenous token utilized to run the Ripple cross-border remittance system. The token is presently the seventh biggest cryptocurrency by market value, however, dropped to this amount soon after the legal action was brought against Ripple in 2021. 

Traders ceased to be interested in XRP following the accusations, though time will tell something different. Ripple has seen significant strides despite the legal battle. XRP initially discovered acceptance as a transaction for vehicles in Japan, and also in probably the most recent development it collaborated with the Singaporean electronic banking firm FOMO Pay for treasury payments.


This is created by Billy Markus and Jackson Palmer, In 2023, Dogecoin is considered one of the best ones to invest in. It can be purchased at a 90% discount, if compared to its prior high of $0.74. Despite its popularity, it has a large number of token holders. Its market value has reached US$8 million. 

Formerly, it begins with a supply limit of Ð100 billion. Later, the 100 billionth Dogecoin has been mined in the mid of 2015. Furthermore, no implemented hard coin is there in the total supply of it. 

Recent studies, demonstrated, on 23 April 2023 its market capitalization value reached $11.1 billion. And, the value of one Doge was around $0.08.

Towards the End 

Blockchain-based cryptocurrencies permit you to captivate in peer-to-peer financial transactions and enter into contracts. Its prices have been broadening. And, continuing to trade at huge or great discounts. HODling is an efficient alternative. This is because it allows investors to increase their returns on investments. Choosing the right one can be overwhelming. Nowadays, market analysis simplifies things for investors.

Author: Joseph Williams