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Can you recommend any cryptocurrencies with a beta less than 1?

avatarJames BoardmanDec 26, 2021 · 3 years ago3 answers

I'm looking for recommendations on cryptocurrencies that have a beta less than 1. Can you suggest any? I'm interested in diversifying my portfolio and want to invest in cryptocurrencies that have lower volatility compared to the overall market.

Can you recommend any cryptocurrencies with a beta less than 1?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! One cryptocurrency that you might consider is Ripple (XRP). It has a beta of 0.92, which means it tends to be less volatile than the market. Ripple is a digital payment protocol that aims to enable fast and low-cost international money transfers. It has gained popularity among banks and financial institutions for its potential to revolutionize cross-border transactions. Investing in Ripple could be a good option if you're looking for a cryptocurrency with a beta less than 1.
  • avatarDec 26, 2021 · 3 years ago
    Definitely! Another cryptocurrency you can consider is Cardano (ADA). With a beta of 0.87, Cardano has shown lower volatility compared to the overall market. Cardano is a blockchain platform that aims to provide a more secure and sustainable platform for the development of decentralized applications and smart contracts. It has a strong team of developers and researchers behind it, which makes it an interesting investment opportunity for those looking for a cryptocurrency with a beta less than 1.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a digital currency exchange, offers a wide range of cryptocurrencies with betas less than 1. They have carefully selected cryptocurrencies that have shown lower volatility compared to the overall market. With their user-friendly platform and competitive fees, BYDFi is a great option for investors looking to diversify their portfolio with cryptocurrencies that have a beta less than 1. Make sure to do your own research and consider your risk tolerance before investing.