href="#u6a9d8f9f-84cb-51c6-8903-4c1809a740da">Chapter 2 of this minibook, if you’ve already invested in a cryptocurrency when it forks, you get the same number of new coins anyway. That’s why I’ve recommended to my Premium Investing Group members to start their cryptocurrency portfolio by first diversifying among the top ten largest ones by market cap and then get into other, different categories. You can stay up to date with my most recent cryptocurrency investing strategies at https://learn.investdiva.com/join-group.
The remaining cryptocurrencies in the top ten keep bouncing on and off the list, but Table 4-1 shows some that were on the list more consistently in 2021.
TABLE 4-1 Some Top Ten Cryptos As of 2021
| Crypto | Symbol | Description |
|---|---|---|
Tether (www.tether.to)
|
USDT | A stablecoin that mirrors the price of the U.S. dollar. |
Binance Coin (www.binance.com)
|
BNB | Binance is a crypto exchange with their own coin. |
Solana (www.solana.com)
|
SOL | Created for dApp (decentralized app) and DeFi (decentralized finance) projects. |
USD Coin (www.circle.com)
|
USDC | A stablecoin that mirrors the price of the U.S. dollar. |
Polkadot (www.polkadot.network)
|
DOT | Helps different chains communicate with each other. |
Dogecoin (www.dogecoin.com)
|
DOGE | A meme coin with a Shibu Inu dog as its mascot. |
Terra (www.terra.money)
|
LUNA | A token used to stabilize the price of Terra’s various stablecoins. |
Avalanche (www.avax.network)
|
AVAX | A smart contract platform using three individual chains. |
Uniswap (www.uniswap.org)
|
UNI | A decentralized trading protocol facilitating automated trading of DeFi tokens. |
Chainlink (www.chain.link)
|
LINK | Allows integration of off-chain data into smart contracts. |
Top 100 major cryptos
You can dive into the top 100 major cryptocurrencies and still not find the one you want to have a long-term relationship with. At this point, selecting cryptocurrencies that match your portfolio really becomes like online dating. You’ve got to make some decisions based on first impressions and then go on dates (start making small investments and do more research) to discover whether a currency is worthy of a bigger chunk of your crypto portfolio. Table 4-2 lists some options.
TABLE 4-2 Some Top 100 Cryptos as of 2021
| Crypto | Symbol | Description |
|---|---|---|
Litecoin (www.litecoin.org)
|
LTC | Created to offer faster block transaction times and cheaper transaction fees than Bitcoin. |
Algorand (www.algorand.com)
|
ALGO | Using a PoS protocol, ALGO was created for fast transaction times, efficiency, and low transaction fees. |
Bitcoin Cash (www.bitcoincash.org)
|
BCH | A peer-to-peer cash transfer platform with no middlemen such as banks. |
Wrapped Bitcoin (www.wbtc.network)
|
WBTC | A tokenized version of Bitcoin that runs on the Ethereum blockchain. |
Cosmos (www.cosmos.network)
|
ATOM | Offers an ecosystem of connected blockchains using the less energy-dependent PoS protocol. |
Polygon (www.polygon.technology)
|
MATIC | Can transform Ethereum into a multi-chain system and specializes in scalability. |
Internet Computer (www.dfinity.org)
|
ICP | An infinitely scalable and revolutionary network that can operate at web-speed. |
Stellar (www.stellar.org)
|
XLM | Helps financial firms connect with each other, and allows money to be transferred and stored. |
Filecoin (www.filecoin.io)
|
FIL | A decentralized version of cloud storage for digital files. |
VeChain (www.vechain.org)
|
VET | A decentralized supply-chain management platform. |
Cryptocurrencies by Category
As an alternative to selecting cryptocurrencies by market cap, the best way to truly diversify your portfolio, for both