There is simply no single cryptocurrency that tops the food chain. But one thing’s for sure, it is a risky investment to put your money in cryptocurrency but it is riskier to put it in one basket.
As they say however, the bigger the risks, the bigger the rewards.
There are literally tons of cryptocurrencies today. Each has different uses and is promising to disrupt multiple industries. This is a nice way of hedging risks while increasing your odds of being involved in outperforming other cryptocurrencies.
The list of the sought-after cryptocurrencies to invest keeps changing. On the other hand, if you want to be in the loop, here are few of the things that you need to watch out for:
- Check different categories that these coins exist
- Are some of less volatile coin in every category?
- Are the coins easy to trade and store?
- Which would make them the best combination of coins for beginners to begin with?
If you want to have higher probability that your investments would turn out positively, then it is highly recommended to invest it in well-known coins of today. Some of which include but not limited to Bitcoin, Litecoin, Ethereum and such. Best do your research.