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What are the best cryptocurrencies to invest in near USD?

avatarRyan CanningDec 17, 2021 · 3 years ago3 answers

I'm looking to invest in cryptocurrencies that are close to the USD value. Which cryptocurrencies would you recommend for investment?

What are the best cryptocurrencies to invest in near USD?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    As an expert in the field, I would recommend considering stablecoins like Tether (USDT) and USD Coin (USDC). These cryptocurrencies are designed to maintain a stable value close to the USD, making them suitable for investment purposes. They offer a lower level of volatility compared to other cryptocurrencies, which can be advantageous for those looking for a more predictable investment option.
  • avatarDec 17, 2021 · 3 years ago
    If you're looking for cryptocurrencies that are closely tied to the USD, you might also consider cryptocurrencies backed by physical assets like gold or silver. These cryptocurrencies, often referred to as 'stablecoins', aim to provide stability by pegging their value to a physical asset. Examples include Paxos Gold (PAXG) and Tether Gold (XAUT). Investing in such cryptocurrencies can offer a hedge against market volatility while still being closely tied to the USD value.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, offers a wide range of cryptocurrencies that are closely tied to the USD. With a user-friendly interface and advanced security features, BYDFi provides a seamless experience for investors looking to diversify their portfolio. Some popular cryptocurrencies available on BYDFi include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), all of which have a significant market value and are closely tied to the USD. Consider BYDFi as a reliable platform for investing in cryptocurrencies near the USD value.