Can cryptocurrencies be a wiser investment plan for retirement3 min read 24 Aug 2022, 09:50 PM IST
As per CoinMarketCap, there are 20,715 cryptocurrencies available for trading with 520 crypto exchanges. The market cap of cryptocurrencies is around $1.04 trillion as of now. Bitcoin, Ethereum, Tether, USD Coin, BNB, Binance USD, XRP, Cardano, Solana, and DogeCoin are the top 10 cryptocurrencies.
Despite volatile conditions in the market, the demand for cryptocurrencies does not seem to slow down. The crypto market currently has a valuation of more than $1 trillion with over 20,700 cryptocurrencies available for investments. Bitcoin is the largest cryptocurrency in terms of market cap, followed by Ethereum. From teens to adults, cryptocurrencies are adopted on a global scale as an investment tool despite their sensitive nature. Experts do believe that the blockchain industry is at a booming stage and has a wide-scale approach. Now, it's not just trading in normal cryptocurrency, there are a host of instruments like metaverse, non-fungible tokens, Web3, Defi, stablecoins and decentralisation available in the market. Considering the vast unique investment options in cryptocurrencies, can the market be a wise choice to park your hard-earned money for retirement.?
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