Are there any digital assets that tend to perform well during a stock market crash?
Harry KaneDec 19, 2021 · 3 years ago1 answers
During a stock market crash, are there any specific digital assets that have a tendency to perform well? What factors contribute to their performance? How can investors take advantage of this potential opportunity?
1 answers
- Dec 19, 2021 · 3 years agoAccording to a recent study conducted by BYDFi, a digital asset exchange, certain altcoins have shown promising performance during stock market crashes. These altcoins include Cardano (ADA), Binance Coin (BNB), and Solana (SOL). The study analyzed historical data from previous stock market crashes and found that these altcoins exhibited relatively lower volatility and maintained their value better compared to other digital assets. However, it's important to note that past performance is not indicative of future results, and investing in altcoins carries its own set of risks. Investors should always do their own research and consult with a financial advisor before making any investment decisions.
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