5 Top Cryptos To Buy If You Are Building Your Portfolio From Scratch

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5 Top Cryptos To Buy If You Are Building A Portfolio From Scratch – Crypto News

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2 years ago

May 31, 2024

Dripp

The crypto industry is continuously growing, adding more digital assets and luring more and more investors. As per CoinmarketCap, the crypto market is worth a $2.55 Trillion market cap, offering hundreds of crypto exchanges and millions of cryptocurrencies. But which crypto to buy among these millions of options to make the best of the crypto market? Let us discuss that in this blog.

5 Best Cryptos To Buy As a Beginner

Though the crypto industry offers a variety of crypto to buy, not every cryptocurrency is profit-making or is evergreen to provide long-term gains. An investor portfolio needs to be the perfect mixture of short-term gainers, long-term gainers, and high-profit providers, which are also less risky as no one desires to lose their investment.

There are many portfolio trackers and sites which help traders to maintain their investments. However, if the investors are building a portfolio from scratch, they should consider having a mixture of all the cryptocurrencies, as having a single asset offers higher risk.

Bitcoin (BTC)

Bitcoin is the first building block that led to the creation of this entire cryptocurrency industry. Over the years, it has built its image as the strongest cryptocurrency and the most preferred crypto among investors. The image stands strong, as the BTC price is $68,829.75 and is rushing to the ATH of $73,750.07, set three months ago. Moreover, it has a market capitalization of $1.3 Trillion with a 24-hour trading volume of $26 Billion.

Ethereum (ETH)

Ethereum is the creator network of the crypto industry as it has introduced Decentralized Apps, and Smart Contracts, provided the support for the layer2 networks to exist, and much more. It is said to be the direct competitor of Bitcoin and comes second based on its market capitalization of $460.8 Billion and trading volume of $14.3 Billion. At the time of writing, Ethereum’s price is $3,835.12 and is predicted to rise as high as $6K due to the hype around Ethereum ETF.

Tether (USDT)

Tether comes under the category of stablecoins, which means it is the type of cryptocurrency pegged to the US dollar for stability. Its price stays almost the same, and 1 USDT is worth 1US dollar. With this, USDT is not for making a profit but for making transactions and buying other cryptocurrencies. A few crypto exchanges (especially the decentralized ones) allow buying of the crypto assets with stablecoins only. This is the reason to have stablecoins like USDT in a portfolio.

Solana (SOL)

Solana has been among the top ten cryptocurrencies for years but has gained even more popularity for the Solana meme coins, which made big profits for investors. Solana’s native token, SOL, is the perfect crypto to buy as it holds stability and has high demand. At the time of writing, Solana’s price is $169.62, which is nowhere compared to its all-time high target of $260.06. With the increasing demand and bullish market situations, Solana can go way higher than the ATH record.

Pepe Coin (PEPE)

Pepe Coin (PEPE) is trending in the crypto market for delivering huge gains this month. Almost every investor is eyeing this frog-themed meme coin for its upcoming peaks. At the time of writing, the PEPE price is $0.00001546, just 10% away from its all-time high target of $0.00001718, set just a few days ago.

It is the perfect crypto to buy for its high-profit percentage. Pepe Coin has surged 145% in the month alone and might target $0.00045 in the upcoming days.

Final Thoughts

Various cryptocurrencies can make the perfect portfolio for investors. To create the portfolio from scratch while maintaining stability, investors can try to buy cryptocurrencies like Bitcoin, Solana, PEPE, and many others after carefully doing their research based on investment goals.

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