5 Cryptocurrencies To Buy and Hold for the Next 10 Years

In this article, we will discuss 5 cryptocurrencies to buy and hold for the next 10 years. If you want to read about how much the blockchain industry is worth and how cryptocurrencies are gaining popularity and receiving global recognition, go to 10 Cryptocurrencies To Buy and Hold for the Next 10 Years.

5. Solana

Solana is a public open-source project that offers smart contract functionality. The network’s native token is SOL. Solana achieves consensus via proof-of-stake and offers faster transactions due to its unique approach towards adding timestamps to blocks. The network boasts being one of the fastest blockchain networks in the industry and has currently set a record for validating 65,000 transactions per second. The network is dubbed as the “Ethereum Killer” because of its scalability and speed advantages over its competitors.

This March, actress Mila Kunis launched an animated series, The Gimmicks, which allows for an interactive experience for viewers. The animated series is making use of Solana’s non-fungible tokens. The rising popularity of using the Solana network for NFTs is attributed to the network’s ability to transact at faster speeds than Ethereum and charge significantly less “gas” fees. Until Ethereum 2.0 is not released, Solana will continue to be a faster and cheaper alternative.

A wide variety of decentralized networks can be built on top of Solana that cover decentralized finance, decentralized crypto exchanges, NFTs, crypto gaming, and many more. The network’s scalability and speed advantages over other cryptocurrencies puts it in a strong spot and make it a viable candidate for long-term crypto investments. As of March 22, 2022, Solana boasts a market cap of $29.59 billion and has 320.49 million tokens in circulation.