As the world’s largest cryptocurrency exchange, Coinbase is often the first stop for investors when they want to enter the digital currency space. The San Francisco-based company has built a reputation as a reliable and easy-to-use platform, and its listing of five coins – Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ethereum Classic – is often seen as a barometer for the wider market.
But with prices fluctuating so wildly, which of these five coins is the most stable? And does stability even matter when you’re investing in such a volatile asset class?
To try and answer these questions, we took a look at the historical price data for each of Coinbase’s five listed coins. We looked at how often each coin had been in positive or negative territory over various time periods, as well as how much their prices had moved up or down when they were in positive or negative territory.
What we found is that there is no one “most stable” coin on Coinbase. While all five coins have experienced periods of high volatility, they have also all had periods of relative stability.
NOTE: WARNING: Coinbase is a digital currency exchange and should not be used as an investment advisor. Because of the volatile nature of cryptocurrency, there is no definitive answer to the question of “what is the most stable crypto on Coinbase?” Investing in any form of cryptocurrency carries a high risk and should only be done so with caution. Never invest more than you are willing to lose.
Bitcoin, for example, was the least volatile of the five coins over the past month (-2.85%), but it was also the most volatile over the past year (+116%). Ethereum was the most volatile over the past month (-5.
40%), but it was also the least volatile over the past year (-13.45%).
So, what does this all mean for investors? Should you be looking for stability when investing in cryptocurrencies?
The answer is not necessarily. While stability can be important for some investors, others may be more interested in capitalizing on the volatility of the market.
What’s important is that you understand your own investment goals and objectives before deciding which coin (or coins) to invest in.
5 Related Question Answers Found
When it comes to stablecoins, there are a few different options available on Coinbase. In this article, we will go over the best stablecoin on Coinbase and why it is the best option. The best stablecoin on Coinbase is USDC.
As the world’s largest cryptocurrency exchange, Coinbase has always been at the forefront of adoption, listing new assets as soon as they meet our standards. In the past year alone, we’ve added five new cryptocurrencies to our platform: Bitcoin Cash, Ethereum Classic, Litecoin, Zcash, and 0x. Today, we’re announcing that we’re exploring the addition of a range of new assets, including Cardano, Basic Attention Token, Stellar Lumens, Zcash, and 0x.
Cryptocurrency is a type of digital asset that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.
Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.
When it comes to online security, there is no one-size-fits-all solution. The best security key for Coinbase will vary depending on your individual needs and risk tolerance. For example, if you are storing a large amount of cryptocurrencies on Coinbase, you may want to consider using a hardware wallet like the Ledger Nano S or Trezor.
