The cryptocurrency market is a volatile one, with the majority of currencies trading at a price below their all-time high. So how can you invest $100 in the top 100 cryptos and still get a good return on your investment?
Investing $100 in cryptocurrencies can be a daunting task. With so many coins out there, it’s hard to determine which ones are worth investing in. But don’t worry, we’ve got you covered with this list of three of the top 100 cryptos.
Investing in the top 100 cryptos
Bitcoin
Bitcoin was the first cryptocurrency to be created and is still one of the most popular today. It has a market cap of $113 billion USD. There are 16 million bitcoins in circulation with an average bitcoin worth of $9,823 USD as of December 10th 2017.
Ethereum
Ethereum was created by Vitalik Buterin in 2013 and is currently valued at $85 billion USD. It can power and build decentralized applications, like financial tools and social media platforms, along with NFTs
Tether
Tether is a cryptocurrency designed to use flat currencies to keep cryptocurrency valuations stable. It is currently valued at $78.3 billion.
Keys to investing in the top 100 cryptos
When investing in cryptocurrencies, there are many things to take into account. The first thing is the amount of money you want to invest. You should not put all your eggs in one basket and should diversify your investments.
The second thing you need to think about is the risk-to-reward ratio of the investment and whether it is worth taking that risk.