There are two types of crypto investors namely: Short term traders, and long-term Hodlers. The difference between them is that the short-term trader doesn’t need to focus so much on the fundamentals. The goal at any one point to read sentiment, in order to determine market direction. As long as sentiment is right, a trader can invest in any cryptocurrency, and make good money off it. However, for someone looking to invest in cryptocurrencies for the long haul, fundamentals do matter. HODLing a fundamentally weak crypto can lead to huge capital loss, if that crypto doesn’t gain in value in the long-run. By taking a fundamentals approach to the market, Basic Attention token (BAT) and Cardano (ADA) come off as some of the best cryptos for long-term investors. Here’s why.
Basic Attention Token (BAT)
Basic Attention Token and the brave browser are solving a problem that is increasingly becoming a challenge for all internet users. Over the years, online advertising has become increasingly inefficient. Advertisers don’t get value for their money because ad targeting is not precise. Internet users are also constantly bombarded with irrelevant ads, even as their user data is monetized without any accruing benefits to them.
The brave browser is solving all these issues, and its adoption in the market is growing, by millions of users a month. In a few years, Brave could emerge as the dominant browser, and give a huge amount of value to the Basic Attention Token (BAT), the token used on the brave browser. This makes BAT a worthy hold in the long run. It doesn’t matter how long the bear market lasts, as long as brave is gaining adoption, chances are that BAT will be successful and rewarding to investors in the long-run.
Cardano is another crypto whose long-term prospects make it a worthy hold. Cardano (ADA) has been slow in building, but what the team is building is a platform that could revolutionize entire industries. Once the Cardano project is completed in 2020, it will be one of most scalable and versatile platform blockchains in the market. It has practically solved all the problems plaguing blockchain today. For instance it has solved the problem of energy through its POS algorithm.
Energy consumption happens to be the biggest challenge that most POW cryptos like BTC face. The best part is that Cardano (ADA)’s POS algorithm is scientifically proven to be as secure as POW. This algorithm also allows Cardano to scale with ease, making it practical for use in large scale applications.
Cardano also has a solution to the potential threat of quantum computers. Part of the Cardano (ADA) roadmap is quantum resistance and it is almost complete. This means that Cardano is immune to the problem of quantum computers, which could become a challenge for most blockchain projects in the future. With such capabilities and a growing interest in blockchain by corporations, Cardano is well positioned for growth going into the future. It is in a good position to dominate the applications market.