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Are there any specific market cap categories that investors should focus on in the cryptocurrency market?

avatarPaceDec 30, 2021 · 3 years ago1 answers

In the cryptocurrency market, are there any particular market cap categories that investors should pay attention to? What are the different market cap categories and how do they affect investment decisions?

Are there any specific market cap categories that investors should focus on in the cryptocurrency market?

1 answers

  • avatarDec 30, 2021 · 3 years ago
    At BYDFi, we believe that investors should focus on a diversified portfolio that includes cryptocurrencies from different market cap categories. This can help spread the risk and potentially maximize returns. Large-cap cryptocurrencies can provide stability, while mid-cap and small-cap cryptocurrencies offer growth potential. However, it's important to conduct thorough research and due diligence before investing in any cryptocurrency, regardless of its market cap category. Remember, the cryptocurrency market is highly volatile and can be unpredictable, so it's important to invest only what you can afford to lose.