3 Common Cryptocurrencies to Invest In If You Can Handle the Risk
By now, most investors have probably heard about cryptocurrencies. Cryptocurrencies are pervasive in news headlines as an asset to invest in for the future.
Like any new investment, there will be survivors and ones that fail. Dot-com era investors probably remember all the search engine startups and many that no longer exist.
What is Cryptocurrency?
Cryptocurrencies are digital money or virtual currency. It is a digital asset stored on a network of distributed computers.
Like any investable asset, there exist risks to an investor. Early on, cryptocurrencies had a reputation for being used in criminal activities.
Risk of Investing in Cryptocurrencie
Bitcoin is the preeminent cryptocurrency and the oldest one.
Ethereum is the second most common cryptocurrency to invest in, with about 19.5% market share.
USD Coin is the fifth-largest cryptocurrency to invest in, with about 2.64% market share. USD Coin targets a separate market niche from Bitcoin or Ethereum.
Final Thoughts on Cryptocurrencies to Invest In
Cryptocurrencies are an alternative investment asset class. Investors seeking diversification may consider crypto.
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