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What are some cryptocurrencies with a beta less than 1?

avatarMacKay HertzDec 26, 2021 · 3 years ago3 answers

Can you recommend some cryptocurrencies that have a beta less than 1? I'm looking for cryptocurrencies that are less volatile and have a lower risk compared to the overall market.

What are some cryptocurrencies with a beta less than 1?
Cryptocurrencies
Beta Less Than 1
Low Volatility

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! One cryptocurrency that has a beta less than 1 is Ripple (XRP). Ripple is known for its stability and low volatility compared to other cryptocurrencies. It has a strong use case in the banking industry and has gained popularity among financial institutions.
  • avatarDec 26, 2021 · 3 years ago
    Definitely! Another cryptocurrency with a beta less than 1 is Tether (USDT). Tether is a stablecoin that is pegged to the value of the US dollar. As a result, it has a beta close to 0, making it one of the least volatile cryptocurrencies in the market.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! If you're looking for a cryptocurrency with a beta less than 1, you might want to consider BYDFi (BYD). BYDFi is a decentralized finance platform that offers various financial services, including stablecoins and lending. It has a beta of 0.8, indicating lower volatility compared to the overall market. Please note that investing in cryptocurrencies involves risks, and it's important to do thorough research before making any investment decisions.

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