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What are some cryptocurrencies with high beta?

avatarEnesNov 24, 2021 · 3 years ago3 answers

Can you recommend some cryptocurrencies that have high beta? I'm looking for cryptocurrencies that tend to have higher price volatility compared to the overall market. I want to diversify my investment portfolio and take advantage of potential higher returns. What are some options I should consider?

What are some cryptocurrencies with high beta?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Sure! If you're looking for cryptocurrencies with high beta, you might want to consider Bitcoin, Ethereum, and Ripple. These are some of the most popular cryptocurrencies and tend to have higher price volatility compared to other cryptocurrencies. However, please note that high beta also means higher risk, so make sure to do your own research and consider your risk tolerance before investing.
  • avatarNov 24, 2021 · 3 years ago
    Absolutely! When it comes to cryptocurrencies with high beta, you can't ignore the altcoins. Coins like Litecoin, Cardano, and Polkadot have shown significant price movements in the past and are known for their higher volatility. Just keep in mind that high beta also means the potential for larger losses, so it's important to have a well-diversified portfolio and manage your risk accordingly.
  • avatarNov 24, 2021 · 3 years ago
    Certainly! If you're looking for cryptocurrencies with high beta, you might want to check out BYDFi. BYDFi is a decentralized finance platform that offers a range of financial products, including high beta cryptocurrencies. With BYDFi, you can access a variety of cryptocurrencies that have higher price volatility compared to the overall market. However, as with any investment, it's important to do your own research and consider your risk tolerance before investing.