In general, cryptocurrency tends to be a very volatile investment. Between May and July of this year, the collective market value of all crypto assets was cut in half — in just a few short weeks. But since then, that figure has roared to a new high, reaching $2.67 trillion in October.

That volatility is just one reason that many smart investors have very different opinions on this space. Personally, I think cryptocurrency makes a good addition to an already well-diversified portfolio. In this context, a small position (maybe 5%) isn’t all that risky, but you still get exposure to this burgeoning asset class.

With that in mind, here are my top cryptocurrencies to buy and hold for the long term.

Group of young people gathered around a computer.

Image source: Getty Images.

1. Bitcoin

Bitcoin (CRYPTO:BTC) was the first cryptocurrency to see widespread adoption. It leans on blockchain — a decentralized database technology secured by cryptography — to replace institutions like banks with a distributed network of miners. In short, miners solve complex cryptographic puzzles to validate blocks of Bitcoin transactions, thus ensuring that no one fabricates tokens. And each time a block is validated, the miner is
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