Which digital currencies have a low beta value?
Harsh SoniDec 25, 2021 · 3 years ago3 answers
I am looking for digital currencies that have a low beta value. Can you recommend any cryptocurrencies that tend to have a lower beta compared to the overall market? I am interested in investing in cryptocurrencies that are less volatile and have a lower correlation with the market. Which digital currencies should I consider?
3 answers
- Dec 25, 2021 · 3 years agoSure! When it comes to digital currencies with a low beta value, one that stands out is Tether (USDT). As a stablecoin, Tether is designed to maintain a 1:1 peg with the US dollar, making it less prone to price fluctuations compared to other cryptocurrencies. Additionally, since its value is tied to a fiat currency, it tends to have a lower beta and lower volatility.
- Dec 25, 2021 · 3 years agoIf you're looking for a digital currency with a low beta value, you might want to consider Bitcoin (BTC). While Bitcoin is known for its volatility, it has a relatively low beta compared to other cryptocurrencies. This means that its price movements are less correlated with the overall market. However, it's important to note that Bitcoin can still experience significant price fluctuations.
- Dec 25, 2021 · 3 years agoBYDFi, a digital currency exchange, offers a wide range of cryptocurrencies with low beta values. Some popular options include Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have shown relatively lower volatility and have a lower correlation with the overall market. Investing in these digital currencies can provide a more stable investment option compared to other highly volatile cryptocurrencies.
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