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Which digital currencies should I keep an eye on?

avatarAnthony GizaDec 26, 2021 · 3 years ago3 answers

As a beginner in the world of digital currencies, I'm wondering which specific cryptocurrencies I should pay attention to. With so many options available, it's hard to know where to start. Can you provide some guidance on which digital currencies are worth keeping an eye on?

Which digital currencies should I keep an eye on?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    As a beginner, it's important to focus on the top cryptocurrencies that have a strong track record and widespread adoption. Bitcoin, Ethereum, and Litecoin are some of the most well-known and established digital currencies. These cryptocurrencies have proven themselves over time and are considered relatively safe investments. However, it's always a good idea to do your own research and stay updated with the latest news and developments in the crypto space.
  • avatarDec 26, 2021 · 3 years ago
    If you're looking for potentially high-growth digital currencies, you might want to keep an eye on altcoins. Altcoins are alternative cryptocurrencies to Bitcoin and often offer unique features or improvements. Some popular altcoins include Ripple, Cardano, and Chainlink. These coins have gained attention for their innovative technologies and partnerships. However, it's important to note that altcoins can be more volatile and risky compared to established cryptocurrencies.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we believe that decentralized finance (DeFi) is an area worth keeping an eye on. DeFi projects aim to revolutionize traditional financial systems by providing open and permissionless financial services. Some notable DeFi tokens include Aave, Compound, and Uniswap. These tokens have seen significant growth and adoption in recent years. However, it's important to exercise caution and conduct thorough research before investing in any digital currency.