Here's why this crypto sector is outperforming bitcoin
Promoted | There is one sector in the world of crypto assets that has continued to outperform the rest.
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Promoted | There is one sector in the world of crypto assets that has continued to outperform the rest.
Last year we saw the great migration towards cryptocurrency adoption begin. This extended further than even Bitcoin. Altcoins and specific sectors within the crypto market were actually outperforming grandaddy Bitcoin in impressive ways
Crypto index investing is a good place to start.
MONEYWEB Investing in bitcoin alone is a sub-optimal strategy. 00:03 Investing in a single asset gives you considerably less exposure to the sometimes unpredictably good performance of another asset. Image: Supplied Diversification is a bedrock principle of sound investing, and things are no different when it comes to cryptos. Many crypto investors only hold a single crypto asset, like bitcoin, but this approach is somewhat flawed if your goal is to generate a return. An investment into a single asset provides you with 100% of the gains or losses associated with that asset, but not all...
MONEYWEB What are NFTs, and how to invest in them? Think of it this way: anyone can buy a Monet print, but only one person can own the original. And that makes it valuable. It’s the same with all things digital. 00:01 The artist known as Beeple made $69m at Christieâs when he sold a piece of digital art as an NFT. Image: Supplied Non-fungible tokens (NFTs) are the latest craze in the crypto and digital asset world. Thereâs nothing like an explosion of digital artwork on the blockchain news to leave you thinking: âUm ⦠whatâs going on here?â