How can I track the performance of different cryptocurrencies similar to stock VTI?

3 answers

• Dec 24, 2021 · 3 years ago
  One way to track the performance of different cryptocurrencies is by using a cryptocurrency portfolio tracker. These platforms allow you to add your cryptocurrency holdings and track their performance in real-time. Some popular portfolio trackers include CoinMarketCap, CoinGecko, and Blockfolio. They provide detailed information on price movements, market capitalization, and other relevant data. Additionally, you can set up alerts to receive notifications when certain price thresholds are reached. This can help you stay updated on the performance of your chosen cryptocurrencies, similar to tracking stocks like VTI.
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• Dec 24, 2021 · 3 years ago
  If you prefer a more hands-on approach, you can manually track the performance of cryptocurrencies by regularly checking their prices on cryptocurrency exchanges. Websites like Binance, Coinbase, and Kraken provide real-time price data for various cryptocurrencies. By monitoring the price movements and comparing them to historical data, you can get a sense of how different cryptocurrencies are performing. However, this method requires more time and effort compared to using a portfolio tracker.
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• Dec 24, 2021 · 3 years ago
  Another option is to use a cryptocurrency index fund. These funds track the performance of a specific group of cryptocurrencies and provide investors with exposure to the overall cryptocurrency market. One example is the BYDFi Crypto Index Fund, which tracks the performance of a diversified portfolio of cryptocurrencies. Investing in such funds can be a convenient way to gain exposure to the cryptocurrency market without the need to track individual cryptocurrencies. However, it's important to do your own research and consider the fees and risks associated with these funds.
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