In recent days, the SEC lawsuit against Binance has triggered a crash and crisis in the crypto market. Extremely many cryptocurrencies have had to accept heavy losses. In which cryptocurrencies can you invest now if you want to minimize the risk?
In the last few days, cryptocurrency prices have seen a sharp drop. Bitcoin only fell slightly in value, more than 5%. Ethereum saw an 8% drop over the past few days. But altcoins like Cardano, Solana, and Polygon have seen crashes of over 30% at times.
Which Cryptos to BUY during the Crash?
In the current situation, most investors do not want to take any major risks. There are still coins that you can invest in with less risk.
1. Bitcoin (BTC)
Bitcoin is the cryptocurrency you want to bet on if you want to play it safe. The last few days have also shown how stable Bitcoin is despite its prices being down. Among the major cryptocurrencies, Bitcoin (alongside stablecoins) was the coin that lost the least value.
2. Litecoin (LTC)
Since the SEC considers the altcoins to be securities, many of these named altcoins have seen massive losses. But this did not include Litecoin. Although this has lost significantly more in value than Bitcoin, it could also be significantly more stable than other Altcoins.
Because Litecoin is very similar to Bitcoin in its structure. Many analysts also see Litecoin as a commodity from a regulatory perspective. Litecoin would therefore face significantly fewer consequences in the future than “typical” altcoins such as Cardano or Solana.
3. Ethereum (ETH)
As the second largest cryptocurrency, you could also invest in ETHER tokens if you also use security. In times of crisis, the coins that have the highest market capitalization usually benefit. Furthermore, the SEC does not seem to be taking action against Ethereum at the moment.
But among the “safe” cryptocurrencies, Ethereum could also be at risk. Because the SEC could prepare a lawsuit against Ethereum in the background , since the authority also sees the Ether token as a security. You should consider this when making an investment.