Crypto Update

Crypto has woken up recently, with Litecoin up about 30 percent in the past couple of days and many other coins are also seeing some nice increases.  Do we think this is sustainable?  Not sure, but it certainly helps to have some portion of your investment portfolio in Crypto as I have blogged in the past.  If you're interesting in learning more, here is a quick summary of my past posts:  Investing in Crypto is a basic overview, Crypto Rankings attempts to make some sense of various published rankings that are out there as a basis for choosing from the dizzying array of crypto coins and Developing a Crypto Investing Strategy proposes a rational, diversified investment strategy to take advantage of the incredible upside of this asset class but also managing the downside risks.  I'm not a trader, nor do I recommend trading in crypto.  I think buy, hold and diversify with a relatively small portfolio allocation makes the most sense with crypto.

Here's the current "Top 10" cryptocurrencies by Market Cap (see links to detailed profiles on coinmarketcap.com for more information about each):

Bitcoin - BTC ($64.0B)Ripple - XRP ($12.7B)Ethereum - ETH ($12.4B)Litecoin - LTC ($2.6B)EOS - EOS ($2.5B)Bitcoin Cash - BCH ($2.2B)Tether - USDT ($2.0B)TRON - TRX ($1.8B)Stellar - XLM ($1.5B)Binance Coin - BNB ($1.2B)If you haven't already started investing in Crypto and want to get started, I have been recommending opening an account with Coinbase.   If you click the link, you'll get my invitation and we both get $10 in Bitcoin when you open your account with at least $100!  Most of the coins listed above are available on Coinbase.  You may also look at Crypto.com, which also has Ripple.  Crypto.com also has great perks like a no annual fee metal MCO Visa Card and cash back.  If you click the link and enter my referral code (UQWQBQM9CV), you can get a free $20 sign-up bonus for a limited time only!
   Good luck with your crypto investing!
For more investing ideas, click here.

Disclaimer:  I use affiliate links where I get paid a small amount if you buy the service or product. This helps support my blog.

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Published on February 09, 2019 10:51
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