5 Cryptocurrencies To Buy and Hold for the Next 10 Years

3. BNB

Binance Coin, or BNB, was developed by the Binance crypto-exchange in 2017. BNB was built on top of the Ethereum blockchain network but is now built on Binance’s blockchain. The Binance ecosystem is the world’s largest crypto exchange, based on daily trading volume. BNB supports smart contracts and achieves consensus through a unique proof-of-staked authority (PoSA) mechanism, a hybrid of proof-of-stake and proof-of-authority mechanisms. As of March 22, 2022, BNB is ranked as the fourth-largest cryptocurrency by market capitalization and has a market cap of $66.54 billion.

This February, Binance announced that it will be collaborating with SM Entertainment to build a Play-to-Create (P2C) and Play-to-Earn (P2E) ecosystem. Binance and SM Entertainment believe that this will aid creators around the world to participate in recreation and profit from their original content and projects. Binance announced another collaboration, the same month, with YG entertainment Inc. to build in the NFT space, along with various other blockchain projects.

Wallet Investor, an algorithm-based forecasting website, predicts that BNB would reach approximately $729 by the first quarter of 2023, and in the next five years will be trading above $2,000. Investors are bullish on BNB for the long term because of its unique consensus mechanism and strong use-cases.