Mika
VIP Contributor
When it comes to crypto investment, you have two options, one, invest in Bitcoin, and two, invest in altcoins. Bitcoin is the most reliable form of cryptocurrency, but is this best when it comes to profit from cryptocurrency?
At the beginning of 2021, Solana was about $2, in November it reached $260. In the same period, Bitcoin rose from $29K to $68K. In 2021, Solana rose by 17500 percent, whereas bitcoin rose by just over 100 percent.
A lot of crypto coins went high in 2021 and most of the coins gained more value than Bitcoin.
It is risky to invest in the emerging coin, however, if you choose to invest in the coins that are in the top chart according to market cap and have been around for some time, I think investing in altcoin can be better than investing in Bitcoin. When bitcoin gains value, altcoins will also gain value but the percentage growth is higher than Bitcoin.
At the beginning of 2021, Solana was about $2, in November it reached $260. In the same period, Bitcoin rose from $29K to $68K. In 2021, Solana rose by 17500 percent, whereas bitcoin rose by just over 100 percent.
A lot of crypto coins went high in 2021 and most of the coins gained more value than Bitcoin.
It is risky to invest in the emerging coin, however, if you choose to invest in the coins that are in the top chart according to market cap and have been around for some time, I think investing in altcoin can be better than investing in Bitcoin. When bitcoin gains value, altcoins will also gain value but the percentage growth is higher than Bitcoin.