Cryptocurrency investing is a high-risk venture. Your portfolio could deliver incredible returns if you invest in quality projects, but if you don’t, you could lose most or all of your money. Unfortunately, the market is full of crypto scams and low-quality coins that do little but disappoint investors.
A sum of $2,500 is a good starting point for a crypto portfolio. To ensure it doesn’t go to waste, here are three popular cryptocurrencies to avoid, along with some better alternatives.
Created in 2013, Dogecoin (CRYPTO: DOGE) started the trend of meme coins. These cryptocurrencies are based on memes — in Dogecoin’s case, the “doge” meme that was popular back then — or just have humorous characteristics and don’t take themselves too seriously. More recent examples include Shiba Inu, Pepe, and Official Trump.