In previous years cryptocurrency has outperformed the market by several folds. For example, Ethereum is up 1400% since last year, Cardano is I don’t know 1000%, and Dodge Coin is about 10000%. Therefore, what is the best crypto currency to invest in? Is there a way to reasonably find high-ranking cryptocurrency to invest in safely whilst maximizing returns? It is safe to say that cryptocurrencies in the top 200 market cap list changed dramatically over time. It is only cricketers that are in the top 50 that doesn’t change what the rest either get dropped or do not exist anymore after a year. This gives us a basis that we should be only considering cryptos that are in the top 50 at the very most.
The only cryptos that disappeared from the marketplace in the top 50 are coins that operate pump and dump schemes or pyramid schemes that don’t have any technology backing up the coin. In fact, it is a good firm to never invest in crypto that promises high returns without explaining the Technology behind their revolution or technology. Of course, it goes without saying, never invest in Meme coins, because those usually have a moment to shine with super high returns by trolls pumping it up on the internet but then teeter off into obscurity over time because they do not have a very good technology backing them up.
In addition, out of the top 200 the top 2 cryptocurrencies, Bitcoin and Ethereum, were really the ones that here read the market in terms of its Returns. This means that like stocks and bonds and traditional investment notions, the theory of diversification does not work here since all cryptocurrencies are following the trends and movements that Bitcoin and Ethereum make. This indicates that you’re just better off investing in no more than 2 cryptocurrencies. Out of the 200 cryptocurrencies only five grew for 10000% or more, which means that you have a 1 and 50 chance of choosing a huge gainer like that in a given year. If you simply invested in all 200 cryptocurrencies equally would have made 1200% instead of better than 2100% you would’ve made simply investing in bitcoin in Ethereum equally.
The overall best strategy to accommodate your thirst for high returns is to do an equal split. Even though you are taking a much higher risk, as you are investing in small cryptocurrencies, you are being rewarded for the extra risk you take.
Here for today’s up to date top 10 cryptocurrencies:
– Bitcoin BTC
– Ethereum ETH
– Binance Coin BNB
– Tether USDT
– Solana SOL
– Cardano ADA
– Ripple XRP
– USD Coin USDC
– Terra LUNA
– Polkadot DOT
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