Cryptocurrencies like Bitcoin or Ethereum now rule the financial world. More and more people are interested not only in short-term money-making, but also in long-term multi-year investments. So what are the top 10 cryptocurrencies to buy by 2050? Let’s look at it in more detail.

What are cryptocurrencies?

Cryptocurrencies refer to decentralized currencies based on blockchain technology. Decentralized currencies can be exchanged and sold without the control of specific institutions.

Different cryptocurrencies have different functions and uses. Many can already be used as a means of payment. Others have a decentralized ecosystem behind them, which may be the reason for decentralized applications. Most of the major cryptocurrencies are investable because they increase in value over the long term.

Why blockchain is the future?

Blockchain technology is behind the growing popularity of cryptocurrencies. Blockchain allows cryptocurrencies to operate in a fully decentralized manner. No financial institution has authority over this cryptocurrency. In addition, the blockchain offers complete transparency and a high level of security. It is very difficult to commit fraud or theft of cryptocurrencies.

Blockchain could be used in more and more areas of digital life in the future. Blockchain offers autonomy and freedom in the digital world. Theoretically, abuse of power and censorship cannot happen with blockchain. Technology offers endless possibilities. Examples of blockchain opportunities are decentralized financial services (DeFi) and non-fungible token (NFT).

How popular will cryptocurrencies be in the next five years?

Cryptocurrencies have gained increasing acceptance and popularity in recent years. In 2021, NFTs and DeFi hit the mainstream. Metaverse also got a lot of buzz. With Bitcoin, Ethereum and self-coins Dogecoin and Shiba Inu rising in price, people outside the community are also aware of cryptocurrencies. Popularity may grow in the future, while doubts become more and more unfounded.