In just a decade, cryptocurrencies have emerged from obscurity to become an important part of financial markets. But one thing that hasn’t gone away as the industry evolves is extreme volatility.
At its peak in November 2021, the value of the cryptocurrency market exceeded $2.9 trillion. By mid-2022, the total market was worth less than $900 billion amid rising inflation and an aggressive rate hike cycle by the Federal Reserve. This year, going back to April 5th, he had a total value of over $2.4 trillion in cryptocurrencies.
This is a real roller coaster. If you do not want to endure such wild fluctuations, it is better not to own cryptocurrencies. And when you get started with cryptocurrencies, there are thousands of coins to choose from, each with different dynamics. It’s depressing. Here are six of the best cryptocurrencies you can buy right now.
- Bitcoin (BTC)
- Ether (ETH)
- Solana (SOL)
- Avalanche (AVAX)
- Polygon (MATIC)
- Cardano (ADA)