What Are Blue Chip Cryptos, and Are They Safe Bear Market Options?
Beginner
Investing
1 أغسطس 2023
13 min read
It’s nothing new: Whenever prices start to turn south in the financial markets, investors immediately seek sanctuary in safe-haven assets with solid fundamental value. In other words, they seek out blue chips.
The same can be said of the cryptocurrency market. Blue chip cryptos, like Bitcoin and Ethereum, have been around longer, have solid reputations, and are more stable than other crypto and blockchain coins, making them a popular option for investors during crypto bear markets.
In this guide, we’ll dive into blue chip coins and break down what they are, how they work, how they differ from blue chip stocks, and, most importantly, how to invest in them to reduce your risk while enjoying long-term profits.