Which cryptocurrency should I consider purchasing on Bittrex?

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7 months ago

I’m currently browsing Bittrex and considering making a few cryptocurrency purchases. However, with so many options available, I’m a bit overwhelmed. I’m looking to diversify my portfolio with emerging coins that have potential but also maintaining a certain stability. I lean more towards medium to long term investment options than short term gamble coins. I prefer coins with strong fundamentals, a clear roadmap, and a competent team behind them.

For more context, I have been investing moderately in Bitcoin and Ethereum and have seen some satisfying returns. However, I reckon putting all my eggs in one basket isn’t the best investing strategy, so I’m on the lookout for newer, promising coins. I’m not looking to invest in ICOs or very new coins, but stable coins that have been around for a while and shown good signs of progression. Are there any particular coins on Bittrex that you would recommend I consider? Any advice would be much appreciated.

Answers:

1 Votes
7 months ago

It’s great that you’re already invested in Bitcoin and Ethereum as they tend to anchor a lot of crypto portfolios. Considering your preference, one coin you might want to look into is Chainlink (LINK). Chainlink has been solidifying its relevance in the crypto space as a decentralized oracle network, it has a clear roadmap, and a proven team behind it, it may align well with your investment philosophy.

Another token to consider could be Litecoin (LTC). It has been around for a decade, showing consistent growth and enjoys a good reputation. Also, its fundamentals are strong since it is a peer-to-peer cryptocurrency created by Charlie Lee, a former Google engineer. Just remember, investing in cryptocurrencies is inherently risky – so always do your own research and only invest what you’re willing to lose.

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