The 1 Cryptocurrency I'm Buying in March
The U.S. Federal Reserve is getting ready to start raising interest rates, sucking the bullish air right out of the market as investors reassess the valuations of risky assets like stocks. Cryptocurrencies have been hit hard too -- a reminder that while blockchain-based technology is exciting and has lots of potential in the coming decades, this is a very new and very volatile space to invest in. The top two cryptos by market capitalization, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), are each down over 40% from all-time highs as of this writing.
But given the potential for blockchain, I'm still dabbling (for me, that means less than 1% of my total investable net worth). This month, I'm adding to a very tiny existing position in Solana (CRYPTO: SOL). Here's why.
Image source: Getty Images.
Source Fool.com
