What are the best cryptocurrencies to invest in when VIX is high?
Enevoldsen ThorhaugeMay 08, 2022 · 3 years ago3 answers
When the VIX is high, which cryptocurrencies are considered the best options for investment?
3 answers
- May 08, 2022 · 3 years agoDuring 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.
- May 08, 2022 · 3 years agoIn 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.
- May 08, 2022 · 3 years agoWhen 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.
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