Data Shows the ‘Cheaper Altcoins Make Higher Returns’ Myth Is Flawed

 Data Shows the ‘Cheaper Altcoins Make Higher Returns’ Myth Is Flawed
imageCryptocurrency6 hours ago (Jul 13, 2020 07:00PM ET)

Data Shows the ‘Cheaper Altcoins Make Higher Returns’ Myth Is Flawed

For many investors crypto trading remains a rags-to-riches affair where inexperienced investors hope to strike it rich by buying the cheapest priced altcoins like many novice traders did in 2017.

Currently, the majority of traders do not expect Bitcoin (BTC) to pump 50% or more in a single week as $18,400 seems rather infeasible. On the other hand, many of these same investors are willing to put their hard-earned funds behind a lower cap, cheaper altcoins with the hopes that buying cheaper cryptocurrencies will lead to a higher return.

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Data Shows the ‘Cheaper Altcoins Make Higher Returns’ Myth Is Flawed

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