common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

What are the best cryptocurrencies to invest in when VIX is high?

avatarDay MitchellNov 26, 2021 · 3 years ago3 answers

When the VIX is high, which cryptocurrencies are considered the best options for investment?

What are the best cryptocurrencies to invest in when VIX is high?
Cryptocurrencies
VIX
Investment

3 answers

  • avatarNov 26, 2021 · 3 years ago
    During periods of high VIX, it is recommended to consider stablecoins such as Tether (USDT) or USD Coin (USDC). These cryptocurrencies are pegged to the value of a fiat currency, providing stability and acting as a safe haven for investors.
  • avatarNov 26, 2021 · 3 years ago
    In times of high VIX, investors often turn to established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). These coins have proven to be more resilient during market volatility and are considered relatively safe investment options.
  • avatarNov 26, 2021 · 3 years ago
    When the VIX is high, it's important to diversify your cryptocurrency portfolio. Consider investing in a mix of established coins like Bitcoin and Ethereum, as well as promising altcoins with strong fundamentals. Remember to do thorough research and consult with a financial advisor before making any investment decisions.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions