Missed Out on Bitcoin? My Best Cryptocurrency to Buy Now and Hold

Bitcoin was the first widely adopted cryptocurrency, a type of digital asset built on blockchain technology and secured by cryptography. Those qualities underpin a brand new financial system, one in which electronic transactions can take place without the oversight of banks, card networks, or payment processors.

Bitcoin achieved a price of $1.00 in 2011, and has since soared over 5,380,000%. After that run, its market value sits at $1.0 trillion, meaning Bitcoin is still worth more than any altcoin. That being said, it lacks utility compared to some of the newer cryptocurrencies -- specifically, those that support decentralized applications (dApps) and decentralized finance (DeFi) products.

Building on that idea, a recent report from Fidelity named Ethereum (CRYPTO: ETH) as the second-most-popular digital asset among institutional investors (behind Bitcoin). That quality, alongside Ethereum's support for DeFi products, could make it a very rewarding long-term investment. Here's what you should know.

Source Fool.com