Few people believed that bitcoin would disrupt the global economy when it debuted in 2009. More than a decade later, though, the cryptocurrency has paved the way for countless imitators. Digital currencies may not have overturned government-issued money, but they have changed the ways that people buy and invest.
If you use tastworks, you may have wondered what cryptocurrencies are available to trade on tastyworks? The following list will help you identify some of the top cryptos trading on tastyworks to gain exposure.
Cryptocurrencies Available on tastyworks (May 2021)
The list of cryptocurrencies trading on tastyworks in mid-May 2021 includes:
- Basic Attention Token (BAT)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- ChainLink (LINK)
- EOS.IO (EOS)
- Enjin Coin (ENJ)
- Ethereum (ETH)
- Litecoin (LTC)
- OMG Network (OMG)
- Ox (ZRX)
- Paxos Gold (PAXG)
- Polkadot (DOT)
- Stellar (XLM)
Most Popular Cryptocurrencies on tastyworks
Since you’re interested in cryptocurrencies, you have probably heard of some of the coins listed above. Others might not sound familiar. Brief backgrounds should help you grasp the basics of popular cryptocurrencies trading on tastyworks.
Bitcoin (BTC)
When people first started buying bitcoin, it sold for less than a nickel. Today, you’ll pay more than $40,000—even during a slump.
Naysayers constantly warn that bitcoin is a bubble that will burst. Despite high volatility, though, the cryptocurrency has shown surprising longevity. Some major companies, including Microsoft and NewEgg, accept bitcoin as payment.
Bitcoin Cash (BCH)
Bitcoin Cash is a spin-off of bitcoin that emerged in 2017 after a fork in the cryptocurrency. Since then, Bitcoin Cash has split into Bitcoin Cash (BCH) and Bitcoin SV. Bitcoin Cash hasn’t performed as well as the original coin.
When first released, you would pay over $3,000 to buy one BCH. At times, the value has dipped to about $100. The price of BCH has risen during 2021, though, showing that it could have potential as a long-term investment.
Ethereum (ETH)
Ethereum is the second-largest crypto by market share. Actually, Ethereum is a blockchain platform that people can use for several types of smart contracts. The currency connected to Ethereum is called Ether. The two names have become synonymous, though, so they get used interchangeably.
Ether has experienced a sudden spike in 2021 after five years of trading. One Ether coin costs more than $3,000. If the value continues moving upward, today’s investors stand to win long-term, particularly if “the flippening” occurs where Ethereum’s market cap exceeds Bitcoin’s.
Litecoin (LTC)
When it comes to the underlying technology, Litecoin is almost identical to bitcoin. It has not been able to keep up with bitcoin’s popularity, though. As of mid-May 2021, the coin’s value has never exceeded $310.
Other than a couple of spikes since its release in 2011, investors can usually buy Litecoin for less than $100. The low-cost entry makes it attractive to some investors who want to learn more about crypto before spending much money on it.
Investing in Cryptocurrencies With tastyworks
tastyworks could choose to add or subtract cryptocurrencies from its platform at any time. Keep up with the latest trends in crypto so you can invest in options that will likely lead to higher returns.
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