These Are My Top Risk-Averse Cryptocurrencies
Crypto market meltdowns can be scary, and what we currently see in the crypto markets is enough to make any crypto investor nervous. Trading screens are red, and it's almost impossible to find a cryptocurrency in the green. So, understandably, risk-averse cryptocurrency investors are looking for safe-haven cryptos to put their money in.
During a market downturn, cryptocurrencies that have large market capitalizations, large developer networks, and a track record of surviving past market meltdowns can reduce the risk. With that in mind, the top cryptocurrencies for risk-averse investors include Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Cardano (CRYPTO: ADA).
Bitcoin is the safe haven of choice for many crypto investors, and for good reason. Bitcoin has instant name recognition, is the top crypto by market capitalization, and has proven time and time again that it can survive market meltdowns. If you take a look at the price history of Bitcoin, you'll see that it has survived several prior market meltdowns, including one major scare back in 2011 when it looked like Bitcoin was going to zero.
Source Fool.com
