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What are the best cryptocurrencies for futures investing?

avatarCadnaan FarxaanDec 15, 2021 · 3 years ago3 answers

Which cryptocurrencies are considered the best options for investing in futures? I'm looking for cryptocurrencies that have a strong track record and potential for future growth. Can you recommend any specific cryptocurrencies that are popular for futures investing?

What are the best cryptocurrencies for futures investing?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    When it comes to futures investing in cryptocurrencies, there are several options that are considered to be the best. Bitcoin (BTC) is the most popular and widely traded cryptocurrency, making it a common choice for futures contracts. Ethereum (ETH) is another top contender, known for its smart contract capabilities and large developer community. Other cryptocurrencies that are often mentioned for futures investing include Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have a strong market presence and are backed by reputable teams and communities, making them attractive options for futures investing.
  • avatarDec 15, 2021 · 3 years ago
    If you're looking for a more speculative approach to futures investing, you might consider smaller cryptocurrencies with high growth potential. Coins like Cardano (ADA), Polkadot (DOT), and Chainlink (LINK) have gained significant attention in recent years and could offer opportunities for substantial returns. However, it's important to note that investing in smaller cryptocurrencies carries higher risks, so thorough research and careful consideration are advised before making any investment decisions.
  • avatarDec 15, 2021 · 3 years ago
    At BYDFi, we believe that the best cryptocurrencies for futures investing are those that have a strong foundation, widespread adoption, and a clear roadmap for future development. While Bitcoin and Ethereum are obvious choices, we also recommend considering cryptocurrencies like Binance Coin (BNB) and Solana (SOL). BNB has seen significant growth due to its utility within the Binance ecosystem, while Solana has gained attention for its high-performance blockchain technology. Ultimately, the best cryptocurrencies for futures investing will depend on your risk tolerance, investment goals, and market analysis.