Cryptocurrency Heard for the Month: June 2022

 

Rates in Review

In the last week, we considered for May some investment Ideas in Cryptocurrencies. They were:

Solana (SOL)

Last trade at $46.58, down 12.27%; Avalanche (AVAX), last trade at $29.01 down 17.28%; and VeChain (VET), last trade at $0.0349, up 16.33%, from the last two weeks entry trade.

About Solana

Solana (SOL) is a cryptocurrency launched in 2020. Solana has a current supply of 511,616,946.142289 with 325,111,693.31357527 in circulation. The last known price of Solana is 111.54812138 USD and is up 2.19 over the last 24 hours. It is currently trading on 278 active market(s) with $2,826,129,315.76 traded over the last 24 hours. More information can be found at https://solana.com.

The live Solana price today is $46.58 USD with a 24-hour trading volume of $1,693,866,260 USD. Solana is down 0.17% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $15,763,344,730 USD. It has a circulating supply of 339,529,608 SOL coins and the max. supply is not available.

Avalanche (AVAX)

About Avalanche

Avalanche (AVAX) is a cryptocurrency launched in 2018. Avalanche has a current supply of 395,891,289.9134107 with 267,283,805.3648784 in circulation. The last known price of Avalanche is 93.76814754 USD and is up 3.40 over the last 24 hours. It is currently trading on 222 active market(s) with $1,736,550,754.69 traded over the last 24 hours. More information can be found at https://avax.network/.

The live Avalanche price today is $29.01 USD with a 24-hour trading volume of $1,059,105,237 USD. Avalanche is down 1.79% in the last 24 hours. The current CoinMarketCap ranking is #14, with a live market cap of $7,290,839,175 USD. It has a circulating supply of 271,385,909 AVAX coins and a max. supply of 720,000,000 AVAX coins.

 VeChain (VET)

About VeChain

VeChain (VET) is a cryptocurrency . VeChain has a current supply of 86,712,634,466 with 64,315,576,989 in circulation. The last known price of VeChain is 0.07426171 USD and is down -2.90 over the last 24 hours. It is currently trading on 176 active market(s) with $823,085,531.34 traded over the last 24 hours. More information can be found at https://www.vechain.org/

The live VeChain price today is $0.0349 USD with a 24-hour trading volume of $200,142,803 USD. VeChain is up 3.95% in the last 24 hours. The current CoinMarketCap ranking is #32, with a live market cap of $2,102,977,552 USD. It has a circulating supply of 64,315,576,989 VET coins and a max. supply of 86,712,634,466 VET coins.

 

At this stage, we would also add Cardano (ADA), in order to further diversify the Cryptocurrency portfolio. In the next couple of weeks, Cryptocurrency next article, we will add three new ideas in Cryptocurrencies to the portfolio.

 Cardano (ADA)

About Cardano

One of the biggest aspects of Cardano is the way it’s built out. Cardano has laid out a roadmap of five stages that will lead to the ultimate goal, which is to become a self-sustained decentralized system. ADA also launched smart contracts this year. Also, one of the major focuses of this plan is to rely on peer review before launching any updates.

 The live Cardano price today is $0.653134 USD with a 24-hour trading volume of $2,698,085,894 USD. Cardano is up 25.66% in the last 24 hours. The current CoinMarketCap ranking is #6, with a live market cap of $22,036,112,558 USD. It has a circulating supply of 33,739,028,516 ADA coins and a max. supply of 45,000,000,000 ADA coins.

 Investment Diversification

Before investing in any financial vehicle, please note diversification is key to any good investment strategy, and this holds true, when you are investing in cryptocurrency. Do not put all your money in Bitcoin, for example, just because that is the name you know or most hear on the street. There are thousands of options, and it is better to spread your investment across several currencies. Hopefully, the following articles in the subject will help you make better investment decision choices, when investing in Cryptocurrencies.

 

 

 

Disclosures: The cryptocurrency market is highly volatile, so be prepared for ups and downs. Investors may experience dramatic swings in prices. Investors, who do not have high risk tolerance, cryptocurrency might not be a wise choice of investment. Cryptocurrency is all the rage right now, but investors should remember, it is still in its relative infancy and is considered highly speculative. Investing in something new comes with challenges. Investors, who plan to invest in Cryptocurrency should do their own research, and invest according to their risk tolerance.

 

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