5 Cryptocurrencies To Buy and Hold for the Next 10 Years

4. Cardano

Cardano is an open-source and decentralized blockchain network that achieves consensus via proof-of-stake. As of March 22, 2022, Cardano is the eighth biggest cryptocurrency by market capitalization and boasts a market cap of $32.77 billion. Cardano is unique because of its mission to decentralize finance in Africa and other developing countries. The network’s native token is ADA.

Cardano is moving at a fast pace in the crypto universe and is becoming popular in the industry. The network announced several collaborations in the corporate sector. Last September, Cardano announced that it will be providing blockchain solutions to DISH Network Corporation (NASDAQ:DISH). Moreover, this January, Cardano announced that it will be teaming up with EMURGO, a blockchain company specializing in smart contracts, to aid in the development of Cardano’s decentralized applications and blockchain network.

Crypto investors are bullish on Cardano and are holding positions in the currency for long periods because of its unique approach towards providing DeFi applications in developing countries, and the way the network is carving its place in the corporate sector by announcing numerous strategic partnerships to help businesses grow.