Some cryptocurrencies offer long-term growth potential for owners, but many are ideal to buy for a short-term transaction before switching to the next trending token. Long-term cryptocurrency investments benefit from larger price changes that occur over a longer period of time rather than smaller ones that occur quickly.The cryptocurrency industry is notorious for its high level of unpredictability, which presents opportunities for sizeable gains for those willing to closely monitor markets, albeit this can be stressful for handling trades. Unfortunately, this volatility can also result in large losses.Although sticking onto your investments for a longer period of time generally entails lower risk, long-term cryptocurrency investments can come with concerns. The best cryptocurrencies for long-term investments are listed below.BTC, or BitcoinThe largest cryptocurrency in the world by market capitalization, Bitcoin has found use in both online and offline transactions as well as as a buy-and-hold asset in many people’s investment portfolios. It has established itself as a long-term holding in the cryptocurrency market, positioning itself more as a safe-haven investment than a traditional currency.Due to Tesla CEO Elon Musk’s announcement of the company’s $1.5 billion investment and subsequent intention to accept bitcoin payments for its vehicles, bitcoin received a lot of attention in 2021. Notably, several businesses have adopted bitcoin as a form of payment, frequently inadvertently, including Microsoft, Rakuten, The Home Depot, and PayPal.Additionally, several companies are incorporating bitcoin into their investing plans. In September 2022, Colorado became the first state to accept bitcoin as a method of tax payment, marking a historic milestone.The best-performing investment asset over the past ten years has been bitcoin, thanks to its exceptional performance. As of today, August 26, the price of one bitcoin is $26,010, with a $29.81 billion 24-hour trading volume and a $506.20 billion market value. In the past week, the price of bitcoin has increased by 0.69%.On November 10, 2021, while it was trading at an all-time high of $68,770, Bitcoin attained its highest price. The 200-day SMA for Bitcoin, according to technical indicators, is predicted to rise in the upcoming month and reach $28,014 by September 25 of 2023.Furthermore, it is projected that Bitcoin’s 50-Day SMA would reach $29,322 by that time. The Relative Strength Index (RSI) is at 22.82 right now, which shows that the BTC market is oversold.The chain linkIn order to provide safe and impenetrable data feeds, Chainlink, a decentralised oracle network on Ethereum, links smart contracts to actual data sources. Smart contracts can communicate with other data sources, APIs, and traditional banking systems because to its decentralised Oracle network.This is crucial for DApps because it incorporates real-world data into blockchain, expanding the use cases for smart contracts. Growing blockchain use increases the demand for external data that has been verified in order to trigger smart contracts.Chainlink’s technology is used in a variety of industries, including finance, insurance, gaming, and supply chain management. Chainlink is a well-known oracle supplier. Given the market demand for Chainlink’s services, this might increase the value of $LINK, its native token.Chainlink’s current market value is $6.03, an increase of 0.51% over the previous day. Chainlink’s support levels are $5.93, $5.83, with the strongest level being $5.73, taking into account the current classical pivot point at $6.03. Chainlink’s resistance levels are therefore set at $6.12, $6.23, and $6.32.BNB, the Binance CoinBinance Coin becomes a desirable option for long-term investors in 2023. With a wide range of uses and adaptable characteristics that considerably increase its value for users rooted in the Binance ecosystem, $BNB stands out as a top utility asset in the cryptocurrency space.Notably, BNB practises a unique burndown strategy that results in a permanent decrease in the token supply. This strategy guarantees scarcity and could eventually increase the value of BNB. The performance of Binance Coin has fluctuated, reflecting the inherent volatility of the cryptocurrency market.BNB peaked on May 10, 2021, at about $690.93 during an upbeat period in the beginning of 2021. The price of Binance Coin is currently $217.09, with a $669.50 million 24-hour trading volume and a market capitalization of $33.40 billion. The price of $BNB has increased during the past day by 0.32%.By August 31, 2023, the price of Binance Coin is predicted to climb by 11.39%, reaching $242.53, according to the current estimate.Is Investing in Cryptocurrencies Long Term a Good Idea?Depending on your investment goals will determine the choice. Investigating cryptocurrency investment may be a wise move if you have cash on hand and are willing to invest it over the course of one to twenty years.Additionally, taking into account crypto presales might be a helpful route, enabling you to enter projects at an early stage and possibly amplifying your gains as they acquire popularity.Wall Street MemesWall Street Memes is one of the top 2023 cryptocurrency presales. Over 1 million people have naturally joined this new meme-based community across various social media sites. Influential people like Elon Musk have been participating in Wall Street Memes’ social media conversations ever since it launched in 2019.The website is a well-liked platform that invites investors to interact with the financial markets in a lighthearted way by using memes. The team behind the project hopes to create value by leveraging community support, inspiring FOMO, and leveraging social media excitement.Early investors can earn returns with the $WSM, an ERC20 meme token with no real-world use. With a 2 billion token supply, Wall Street Memes has promised to make $WSM a completely community-driven token.Of these, 50% will go towards the presale and 20% will go towards ensuring liquidity on the CEX and DEX platforms. Community incentives within the ecosystem will receive the final 30%.The final presale round is currently priced at $0.0337, and the initiative has already raised over $25 million. Wall Street Memes hopes to raise more than $30.57 million during the presale in order to issue the cryptocurrency on tier-one exchanges by the end of September.With 97 days left, the project has received 83,648 entries in its current $50k airdrop, which is being used to celebrate the success of its presale. Participants who want to take part in the airdrop just merely follow the social media accounts of the five winners to be eligible.#crypto2023 #Binance #dyor