In a span of just 15 years, cryptocurrencies emerged from obscurity to become an important part of financial markets. But there’s one thing the industry’s evolution hasn’t eradicated: extreme volatility.
At its peak in November 2021, the crypto market was worth upwards of $2.9 trillion. By mid-2022, hit by rising inflation and an aggressive rate-hiking cycle by the Federal Reserve, the entire market was worth less than $900 billion. Fast forward to Nov. 7 of this year, and cryptocurrencies collectively were worth $2.5 trillion.
That’s quite a roller coaster. If you’re not willing to endure such violent swings, you simply shouldn’t own cryptocurrencies. And if you do get into crypto, there are thousands of coins to choose from, each one with different dynamics. It’s daunting. Here are six of the best cryptocurrencies to buy now.
This post originally appeared at U.S. News & World Report.