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Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
1. You could lose all the money you invest
2. You should not expect to be protected if something goes wrong
3. You may not be able to sell your investment when you want to
4. Cryptoasset investments can be complex
5. Don't put all your eggs in one basket
If you are interested in learning more about how to protect yourself, visit the FCA's website here.
For further information about cryptoassets, visit the FCA's website here.
This guide tracks top market cap cryptocurrencies and explains why some investors see value in them.
Keep in mind there is no guaranteed way to pick the best crypto to buy now – instead, use this as general information to help make your own investment decisions.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
Deciding on what to invest in will depend on what you're looking for.
Short-term investments are hard to pick. In addition to price data, consider using social media sentiment analysis and news to contextualise what price movements might mean and make an educated decision.
Keep in mind that most big run-ups in price are usually followed by a correction where the price comes back down after reaching a peak. So it is up to you to implement a strategy that allows you to exit with a profit before the market turns.
If you're investing over the long term, then you may want to consider "blue-chips" like Bitcoin (BTC) and Ethereum (ETH) which have a relatively well-tested track record. These coins have been adopted by financial institutions around the world and have utility beyond speculative investing.
The top 10 cryptocurrencies by market cap is filled with several of these potential long-term investments. Let's take a closer look at them and understand why they are a part of so many investment portfolios. Doing so may help you understand what qualities to look for in other crypto assets, and help you make better investment decisions.
Methodology: Our list is based on the top 10 cryptocurrencies by market capitalisation at the time of update, excluding stablecoins and liquid staking derivatives. Some of these coins have an established track record while others are more volatile with shorter histories.
This list should be used as a starting point for further research and doesn't represent an endorsement of any coin or project.
The crypto market is down - the average price of the top 200 coins dropped 1.49% over the last 24 hours.
Trading volume was, however, up and was 12% higher than the previous 7 days' average.
Volatility was above average at 0.95%, compared with the 30-day average of 0.88%. Higher volatility can make your profits or your losses larger if you decide to sell. (Data from Finder's crypto weather report, which updates at 4pm AEST every day.)
Finding the best cryptocurrencies to invest in relies on keeping on top of what's happening in the market each day. The tools in this guide are a good starting point, but should be used as just one part of your decision-making process. Here are some other ways to find the best cryptocurrencies to buy today:
Use our table to compare cryptocurrency exchanges on features like the number of coins available, payment methods and fees. Click Go to site if you're ready to create an account.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
No one can guarantee what the best cryptocurrency to buy is – it's up to you to research and monitor the markets, and form your own trading plan.
We've written this guide to bring together some trends and give you a head start, but it's not investment advice.
If you're still new to cryptocurrency, then you can find plenty of guides on trading, coin profiles and more in our cryptocurrency hub.
The best cryptocurrency to invest in right now, or any time, depends on your individual goals. By monitoring news and social media sentiment and doing some technical analysis, you may be able to spot trending coins in time to capitalise and make a profit.
Cryptocurrency markets are global. This means that market data like price and volume is a snapshot of trading activity across the world, and the best cryptocurrency picks will generally stay the same no matter which country you live in.
It's worth noting that some countries have attempted to ban privacy coins from being traded on local exchanges. In the US, the SEC has opened investigations into individual coins such as Tether USDT and Ripple XRP.
There's no way to guarantee which cryptocurrency will take off each day, or even each year.
Finder publishes a regular expert price survey looking at how top market cap coins might perform this year and beyond. Research firm Messari also releases an annual report that includes market trends for the coming year.
Cryptocurrency trading profits are calculated based on your entry and exit price. The difference between these is the profit, or loss. This means determining which cryptocurrency is most profitable is nearly impossible, as it boils down to your individual trading circumstances.
Cryptocurrency is widely considered a high-risk and volatile investment. You should seek personalised advice from a professional financial advisor before deciding whether or not to invest.
Be wary of social media influencers and peer pressure to buy, and make sure you fully understand the risks before you get started.
Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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