Missed Out on Bitcoin? 2 Top Cryptocurrencies to Buy Now and Hold
Bitcoin made its debut in 2009, and first achieved a value of $1.00 in 2011. Since then, its price has skyrocketed 4,900,000%, meaning $21 invested in Bitcoin a decade ago would be worth $1 million today. And while Bitcoin remains a worthwhile investment, other cryptocurrencies probably offer more long-term upside, especially those that contribute to decentralized finance (DeFi).
Blockchain technology makes it possible to spend money electronically without involving financial institutions, and DeFi products extend that value proposition to other financial services, like lending, borrowing, and earning interest. And because banks are eliminated from the equation, DeFi products could make those services more accessible and less costly.
Building on that idea, Solana (CRYPTO: SOL) and Avalanche (CRYPTO: AVAX) play key roles in the DeFi ecosystem, and both cryptocurrencies could be big winners down the road. Here's what you should know.
Source Fool.com
