Which cryptocurrencies have the lowest beta values?
Sayan AdhikariDec 27, 2021 · 3 years ago3 answers
Can you provide a list of cryptocurrencies with the lowest beta values? I'm interested in finding out which cryptocurrencies are less volatile and have a lower correlation with the overall market.
3 answers
- Dec 27, 2021 · 3 years agoSure! When it comes to cryptocurrencies with low beta values, some of the top options include stablecoins like Tether (USDT), USD Coin (USDC), and Dai (DAI). These stablecoins are designed to maintain a stable value and have a beta close to zero. Additionally, some large-cap cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) tend to have lower beta values compared to smaller altcoins. However, it's important to note that beta values can change over time, so it's always a good idea to do your own research and keep an eye on the market.
- Dec 27, 2021 · 3 years agoIf you're looking for cryptocurrencies with low beta values, you might want to consider investing in some of the top stablecoins like Tether (USDT) and USD Coin (USDC). These stablecoins are pegged to a fiat currency, such as the US dollar, and aim to maintain a stable value. As a result, they tend to have low beta values and are less volatile compared to other cryptocurrencies. Another option to consider is Bitcoin (BTC), which is often seen as a store of value and has a relatively low beta compared to other cryptocurrencies.
- Dec 27, 2021 · 3 years agoAccording to a recent study by BYDFi, some of the cryptocurrencies with the lowest beta values include stablecoins like Tether (USDT), USD Coin (USDC), and Dai (DAI). These stablecoins are designed to have a beta close to zero, making them less volatile and more suitable for risk-averse investors. However, it's important to note that beta values can vary depending on market conditions and other factors. It's always a good idea to diversify your portfolio and consult with a financial advisor before making any investment decisions.
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