Altcoins To Diversify Your Portfolio - Deepstash
Altcoins To Diversify Your Portfolio

Altcoins To Diversify Your Portfolio

Curated from: academy.binance.com

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What is an altcoin?

What is an altcoin?

Any coin other than Bitcoin is considered an altcoin.

  • There's a huge variety in the altcoins available, from large-cap coins like Ether and BNB to tokens from newly launched projects.
  • Altcoins have traditionally been associated with ERC-20 tokens on Ethereum and the native tokens of other large blockchains.

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Why should I invest in altcoins?

While Bitcoin (BTC) is the largest market cap coin and the most well-known cryptocurrency, you should diversify your investment portfolio as a responsible investor.

To do this in the crypto world, you're going to need to purchase altcoins.

  • You can reduce your overall risk by exposing your cryptocurrency portfolio to different coins and sectors in crypto, like Decentralized Finance (DeFi) or GameFi. This way, if Bitcoin crashes in price, your other crypto investments may balance out some of the losses.

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Altcoins To Diversify Your Portfolio

  • Ethereum (ETH)
  • Solana (SOL)
  • Polkadot (DOT)
  • Binance Coin (BNB)
  • Meme coin: Dogecoin (DOGE)
  • Stablecoins: BUSD / USDC
  • DAI
  • Uniswap (UNI)
  • PancakeSwap (CAKE)

Don’t Risk More Than You Can Afford to Lose!

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Don’t Risk More Than You Can Afford to Lose!

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