10 Best Crypto Projects for Buy for Long-Term Investment in 2023

10 Best Crypto Projects for Buy for Long-Term Investment in 2023

Long-term investment has proven to be the most efficient way to maximize your money's growth potential, as it allows you to ride the ups and downs of the cryptocurrency market. 

For example, if you had bought Bitcoin (BTC) in 2020, you would still be in more than 400% profit, despite the crypto market surviving a bearish cycle. A long-term investment is also more cost-effective than regularly buying and selling assets.

Considering the glaring benefits of long-term investment over the short term, we have compiled a list of 10 new and existing cryptocurrencies that have the potential to yield maximum returns over the long term. These projects are:

1. Collateral Network (COLT)

Starting off the list is Collateral Network, a new crypto project that has caught the attention of crypto investors. Collateral Network aims to revolutionize the $4.5 trillion global asset-backed lending industry.

The Collateral Network will mint non-fungible tokens (NFTs) that are backed by borrowers' real-world assets, such as real estate, cars, jewelry, and others. These NFTs would be given the value of the assets they are backed by.

Since the NFTs are fractionalized, the borrowers can collect smaller loans than the value of the entire NFT. For transparency, the information history of the physical asset backing each NFT will be stored in publicly available metadata.

Despite being in presale, its native token has already gained 40% and could rise even further before the project hits the market. You can currently buy COLT tokens during the presale for $0.014.

2. Polkadot (DOT)

Cryptocurrencies are slowly taking over the future, but their future is said to lie in interoperability – the ability for different blockchains to communicate with each other.

Polkadot, the foremost interoperability project, allows blockchains to connect with each other and communicate and share data, creating a more connected and collaborative ecosystem.

In addition, Polkadot's architecture facilitates high scalability and handles a large number of transactions, already eying 100,000 and 1,000,000 transactions per second (TPS).

As the reasons for interoperability increase, Polkadot will continue to find use cases. Polkadot (DOT) is already a top-10 altcoin ranked by market cap and could rise even higher in the future.

3. Aptos (APT)

Using the key elements of the former Diem blockchain and Move (Meta-developed projects), Aptos brings speed and scalability to Layer 1 blockchains that have never been seen before.

Aptos relies on parallel execution to handle multiple transactions concurrently, translating to faster processing times as a single failed transaction won't halt the whole chain.

Launched only in October 2022, Aptos has already become a top-30 crypto project ranked by market capitalization. Given that APT is still in its early stages, this is one of the most promising cryptos an investor can hold in their portfolio for the long term.

4. Chainlink (LINK)

Launched in 2012, Chainlink has remained one of the most used crypto networks as it provides other projects with real-time data from off-blockchain to on-blockchain smart contracts via nodes and oracles.

Chainlink is building what it refers to as the world's first blockchain oracle network. Oracles are third-party entities that connect blockchains with external systems.

Basically, Chainlink is blockchain's connection to the outside world. Chainlink has enjoyed significant adoption, but it looks set to rise as the outside world gets more connected to blockchain projects.

Chainlink is in a good position for growth, earning LINK – its native token – a place on the top cryptos to buy for long-term investors.

5. XRP (XRP)

XRP, formerly known as Ripple, is one project always strategically placed for massive adoption, as it addresses one of the core fundamentals of why crypto was invented.

Ripple has built the biggest digital technology and payment processing in crypto. On the other hand, XRP is used to facilitate financial settlements on Ripple, including fiat currencies and other major cryptocurrencies.

Ripple has partnered with hundreds of financial institutions, including central banks, with the XRP technology used to facilitate near-instant cross-border transfers.

As the Ripple lawsuit comes to an end, chances are high that this project will pick up more use cases and investors, making it a solid long-term investment.

6. Toncoin (TON)

Toncoin is a unique community-driven project dedicated to building a scalable and shareable blockchain network. The project was originally built by Telegram developers.

Toncoin is chasing mass adoption differently, allowing individuals to send, buy, and receive cryptocurrencies via chat. Yes, sending crypto on the Ton Network is as easy as chatting via Telegram.

Because it is integrated into Telegram makes the project even more practical. In the future, users will be able to access a decentralized crypto exchange (DEX) and a non-custodial wallet via Telegram.

The easy use of crypto cannot get past what Toncoin is building. TON, its native token, will power the entire ecosystem, giving a great sentiment for long-term investors.

7. Avalanche (AVAX)

Avalanche ecosystem token AVAX earns its place on this list by virtue of the ambitious goals of the Avalanche blockchain and the dedicated team behind the project pursuing those goals.

Ava Labs, the developers of Avalanche, see a future in which most commercial entities and even many individuals will want their work on their own blockchains. Thus, Avalanche allows people to use subnets to deploy their own mini-blockchains on top of its network. 

The goal of Ava Labs has already caught the interest of many individuals and corporations; however, if and when Avalanche sees mainstream adoption, AVAX will easily become a longer-term winner.

8. Hedera Hashgraph (HBAR)

Hedera is more than a blockchain network seeking where individuals can transact and deploy decentralized applications, but also where a group of businesses can oversee the software.

The project is built around its unique Hasgraph consensus and Byzantine Fault Tolerant System that is fast, fair, and highly secure.

Hedera's consensus can process up to 10,000 transactions per second, making it a great option for developers and businesses building dApps that can scale for millions of users while continuing to perform.

The potentials of Hedera Ecosystem has seen its native token HBAR show strong potential, and now may just be a good opportunity to dig right in and invest for the future.

9. Republic Note (NOTE)

Another new crypto that is worth keeping an eye on is Republic Note, a platform that lets you invest in companies and assets you like without directly buying their stocks while allowing you to earn profits from these assets.

Republic Note, via its parent company, Republic Capital, invests in these projects, and by holding the NOTE token, users can choose which asset they want to back. When the Republic Dividend Pool of an asset reaches $2 million, the proceeds are shared among token holders on a pro-rata basis. 

Republic Capital has proven to have a solid track record, facilitating over $600 million in investments through 120 different companies. It's easy to see why Republic Note and its NOTE token hold so much potential.

10. Bitcoin (BTC)

Closing of the list is the project that kick-started the current cryptocurrency industry as we know it, Bitcoin. Yes, Bitcoin.

While Bitcoin (BTC) might yield returns lower than some of the cryptos on this list, it still has the advantage of being the first and most-adopted cryptocurrency. 

Many times, the crypto market mirrors the sentiment of Bitcoin. If cryptocurrencies are going to fully replace or revolutionize traditional finance, there is a good chance Bitcoin will lead the charge. 

Bitcoin has also shown resilience, recovering strongly from multiple bear markets – a trademark of a good asset. These are some of the things that continually make Bitcoin a good crypto to buy and hold t in the long term.

Final Thoughts

Contrary to what is popular in crypto, long-term investors hold on to their investments for several years or decades to grow their returns. As such, a good long-term investment is one whose value appreciates over a long time and suits your investing goals. 

Going by the potential of what these ten projects are building, their cryptos can be considered a good long-term investment.

Given the sheer number of projects being launched into the fast-paced crypto industry, these criteria can be also used to search for projects that have the potential to become a good long-term investment.

Find out more about the Collateral Network presale here:

Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

Related Stories

No stories found.
Analytics Insight