After touching an all-time high of nearly $20,000 per bitcoin a few days ago, Bitcoin has been crashing.
Today, in just one day, it crashed 10% to settle around the $12,000 mark.
It is said that the crash is a result of South Korea deciding to clamp down on cryptocurrencies.
Bitcoin wasn’t the only coin to suffer. Ethereum, Ripple and nearly every other cryptocurrency suffered massive blows.
The BTC price in INR is Rs. 774482.96
Market Cap | $203,206,399,787 |
Price | $12091 |
The ETH price in INR is Rs. 71612.93
Market Cap | $108,536,801,436 |
Price | $1118 |
The XRP price in INR is Rs. 91.69
Market Cap | $55,452,758,585 |
Price | $1.4314 |
The LTC price in INR is Rs. 12,983.85
Market Cap | $11,106,625,210 |
Price | $202.7 |
The XLM price in INR is Rs. 39.91
Market Cap | $8,913,481,422 |
Price | $0.49821 |
The IOTA price in INR is Rs. 192.43
Market Cap | $8,350,181,490 |
Price | $3.00417 |
Considering crypto a serious investment option is a very big risk. Invest in cryptocurrencies only if you are not afraid to lose the money invested.
As you can clearly see, crypto prices can go up and down very quickly.
Mutual funds are much better in terms of risk. Even the riskiest mutual funds are far less risky than crypto currencies.
Mutual funds are managed by highly skilled fund managers whose job is to invest your money.
If you want to take high risk, you should explore small-cap funds. They invest in smaller companies that show great potential for growth.
In the last year alone, some funds have returned in excess of 60% per annum. That is a very high return.
Here are 2 small cap funds worth your money.
Risk Level | HIGH |
Minimum SIP Amount | ₹500 |
1 Year Returns | 60.06% |
3 Year Returns | 27.63% |
Risk Level | HIGH |
Minimum SIP Amount | ₹500 |
1 Year Returns | 51.68% |
3 Year Returns | 21.3% |
Happy investing!