The cryptocurrency was the good asset to inverse for the long term,their are lot of coins available in the cryptocurrency.The bitcoin was the still trusted coin in the top list,Ethereum is the first coin in the list of Altcoin.Many coins now created based on the Polygon,Binance smart chain,Solana.But the demand of the Ethereum was long lasting because of the long term Ethereum holders in the crypto community as like the bitcoin.It was essential to inverse in the potential coin compared to the new altcoin to the market for the short term profit.
Not every crypto coin is good for a long term holding. Shitcoins, meme coins, and most of new coins aren't good for a long term. I recommend to buy top coins with good fundamentals if our goal is for the long term. Bitcoin, Ethereum, Binance coin, Solana, Cardano, Polkadot, and Polygon are some coins that deserve to hold for a long term. However, we must ensure to choose the right time for buying (entry) if we want to hold a long time. The bearish season should be the best time, I don't think now is the best time to buy for a long term holding.
Yep. Bitcoin and Ethereum are the most recommended coins for a long term holding. They have proven to survive as the best coins for many years. If we have large funds, most of the funds should be allocated to buy these coins. The rest can be used for other coins with strong fundamentals. And only use a very small of funds for random coins.