Investing in the stock market is risky if you can’t handle a 30% or more drop in your portfolio value. However, the roller-coaster ride of the stock market is dwarfed by digital assets, making it reasonable to conclude that cryptocurrency trading is more risk-tolerant than traditional investment methods such as mutual funds. In March 2020, the S&P 500 index plunged more than 8 percent, the worst month for stocks since then. A 16 percent drop in bitcoin prices was recorded by investors in April. If you’re willing to take a bigger risk in exchange for the potential for more profit, here are 4 of the finest cryptocurrencies to buy right now that you should consider.
Best 4 Crypto to Invest
1. Bitcoin
Bitcoin is the most popular and valuable cryptocurrency in the world. It has a market capitalization of over $100 billion, which makes it one of the most valuable currencies in existence. Bitcoin has become more widely traded as of 2017, and both short-term traders and long-term investors are looking to participate in this exciting market. The price of bitcoin fluctuates on a daily basis, but in general rises during times of geopolitical uncertainty and economic turmoil. The live Bitcoin price today is $36,936.06 USD with a 24-hour trading volume of $39,628,177,958 USD.
2. Ethereum
Ethereum allows you to send cryptocurrency to anyone for a fee. It also powers open-source programs that no one can takedown. It’s the first programmable blockchain in the world. With some significant distinctions, Ethereum builds on Bitcoin’s innovation. Both allow you to use digital money without the need for payment services or banks. However, because Ethereum is programmable, you may use it to create a variety of digital assets, including Bitcoin. This means Ethereum can be used for more than just payments. It’s a financial services, gaming, and software store that won’t steal your data or censor you. The live Ethereum price today is $2,755.84 USD with a 24-hour trading volume of $21,422,972,718 USD.
3. Solana
Solana is the world’s fastest blockchain and cryptocurrency ecosystem, with dozens of projects covering DeFi, NFTs, Web3, and more. The live Solana price today is $85.31 USD with a 24-hour trading volume of $1,800,851,142 USD.
4. Chainlink
Chainlink dramatically enhances the capabilities of smart contracts by allowing access to real-world data and off-chain computing while keeping the security and performance assurances inherent in blockchain technology. In order to implement complex smart contracts on any blockchain, Chainlink decentralized oracle networks are used to provide secure inputs, outputs, and computations. The live Chainlink price today is $10.97 USD with a 24-hour trading volume of $565,091,612 USD.
Where to buy Cryptocurrencies in India
You can buy crypto coins on India’s most popular crypto exchange WazirX.