When we talk about Blue-chip, we refer to those cryptocurrencies that have managed to stay in the market despite their significant variability in ups and downs in their value. Experts and analysts assume they could be the salvation of the crypto world. These tokens maintain a full revaluation, which in the traditional economy is used to support digital assets in times of falls in the financial markets.
Blue chips have become the most demanded cryptocurrencies due to their great advantage of remaining profitable and growing in times of economic crisis.
The Blue-chip is handled in poker, where these cards are the most important, have value, and currently have a place in many financial environments, including crypto. You can visit https://trustpedia.io/stocks/ to learn more information regarding the financial market.
It is favourable to invest in the Blue Chip.
Over time, these assets have managed to prevail and become lasting assets, where they are recognized and have established themselves for what they are and represent good quality assets.
Blue chips are assets that correspond to organizations of great importance, interacting in markets such as Microsoft, Walmart, Visa, and many more that are pillars of the economy.
These assets are considered very profitable for investments due to their low volatility and solvency index, used in financial and exchange activities.
Why does a cryptocurrency become a Blue-chip?
The Central aspect, that is analyzed and that must prevail for a cryptocurrency to be classified as a blue currency is, that it has endured the lows and highs of the markets for a long time.
These referential prevalence indices are also used to specify the cryptocurrencies that form the category of essential crypto actives for investments.
Regardless of whether they are considered blue-chip, Cryptocurrencies can be significantly altered by downward market trends, causing their values to suffer instability, as we have seen with bitcoin.
Which managed to at the end of last year with a value close to 70 thousand dollars, and due to the global economic crises, it is now deficient with a worth of around 20 thousand dollars or a little more, showing a large gap between these values.
These downward trends affect cryptocurrencies in general and influence the inflation of the stock markets and, subsequently, fiduciary currencies such as the Euro and the Dollar.
The instability of economic value also covers the Blue-chip.
Analysts affirm that according to studies on market behaviour, they conclude that no crypto-chip is safe from being affected by bearish market trends.
It is not safe to invest in Blue-chip since it is not sure that its values will not experience any fall, the crypto world presents risks in any way, and we must be clear about when investing; even if these risks are low, they are present.
Cryptocurrencies that are considered Blue-chip.
Bitcoin heads this list; it is the first cryptocurrency created and issued to the market with a capitalization that exceeds 365 million dollars, covering 40% of the total crypto market.
The Ether, considered to be the second position of importance in the order of cryptocurrencies, has an amount that exceeds 150 million dollars as market capitalization; it is highly demanded due to its excellent stability in value.
Ripple is not Blue-chip at all, but they have earned the trust to be considered semi -Blue-chip because they have been maintained during very strong market downtrends without registering significant variations in its value.
Binance coin is also considered in the Semi -Blue-chip category and has a capitalization of 50 million dollars; this crypto covers a minimum reference of the crypto market, approximately 5%, but it is the most used in daily transactions.
Conclusion:
Cryptocurrencies are a new form of investment and economic exchange which have provided great possibilities for financial inclusion; only because it is a new world in the economic branch, we must be aware of how these new digital currencies work.
It is an environment surrounded by risks but also by many advantages to earn and obtain benefits from its use, such as total autonomy of the investment made, thanks to decentralization, agility, and security in transactions, popularity in the markets, increased sales or investment earnings, and many more.
To be part of this digital trade, we only have to have the best availability to be informed by the indications that experts and analysts in the crypto economy provide every day and, in this way, make the best decisions for our investments and movements.
