The consummate blue-chip crypto, Bitcoin is the biggest and the most popular cryptocurrency on the market today,Īt the start of 2021, Bitcoin just like other cryptocurrencies was on top form and pulled in a record high of $64,863.10 back in April 2021 before the crypto crash came into full effect thereafter. If you want to buy blue-chip crypto assets, check out eToro! The 10 Best Blue-Chip Cryptocurrencies To Buy For 2023: Here's a look at Trading Education's list of the 10 best blue-chip cryptocurrencies to buy for 2023. As more businesses globally look to give the go-ahead for individuals to use cryptocurrency as a means of payment, this avenue alone should entice new users to this market that will further drive to new highs in the upcoming years, especially as cryptocurrency has even been labelled to take over the trusted investment gold, as a long-term store of wealth.
Having said that, cryptocurrencies are known to be volatile assets, more so than that of stocks that can witness even blue-chip cryptocurrencies decline significantly in a matter of minutes both within a bearish market or following unprecedented news in a bullish market.Īccording to CNBC 1 in 10 individuals within the US are investing in cryptocurrency, with the crypto market being one of the top 4 chosen investments to invest in behind individual stocks, mutual funds, and real estate. Similar to stocks, blue-chip cryptocurrencies are known to be safer assets that can stand the test of time within a challenging market and additionally, are very successful within a stable market or a bullish market. However, there is no general consensus on how much a cryptocurrency should be. The term “ blue-chip cryptocurrencies” relates to reputable larger digital cryptocurrencies that are well-established within the market that all typically hold a market capitalization of over $2 billion.
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