If You Only Have $500, These are the Cryptocurrencies You Should Consider
Know your end state when you get involved in the cryptocurrency market.

This $500 cryptocurrency portfolio was started on June 7. The summer was a wild ride for the cryptocurrency market which is actually normal for this space.
Any news can send the market up or down. A lot of the recent turmoil was because of China banning Bitcoin miners causing miners to relocate their operations.
Other investors, the Bitcoin Whales, sold some of their holdings and new investors have started to buy into the market.
On top of that, there is talk about the stock market crashing, and once in a while, cryptocurrencies follow the stock market. When the stock market dips, cryptocurrencies usually follow.
This year, Bitcoin was expected to reach six figures but that may be delayed. It is hard to tell with the up and down movement in the market.
To date, the portfolio value is $552.32 which is down from the previous update of $1,207.38. This is a good time to watch the market over the next few weeks. If Bitcoin shows some positive movement at $45,000, then it’s a good sign to get buy.
Here is a review of what was previously mentioned.
If you only have $500, these are the five cryptocurrencies you should consider buying:
- Bitcoin
- Ethereum
- Cardano
- Chainlink
- Sushiswap
The price for these cryptocurrencies was on September 27, 2021.
Bitcoin $43,336

Initially, Bitcoin was purchased at $3,554.36. The price of Bitcoin has risen 21.81%.
The current value is $61.10 from $50.
Ethereum $3,033.75

When I bought Ethereum, the initial price was $2,687.14. Since then, the price has increased 12.94%.
The current value is $169.44 from $150.
Cardano $2.19

Cardano is higher since the initial purchase price. Cardano has increased and is up 31.73%.
The current value is $135.98 from $103.32.
Chainlink $23.73

LINK is higher since the initial purchase price. LINK has increased and is up 23%.
The current value is $88.44 from $71.21.
Sushiswap $10.49

Sushiswap is down from the initial purchase price. This cryptocurrency is down 4.07%.
The current value is $95.94 from $100.
Final results
If you bought these five cryptocurrencies as mentioned on June 7, you would have increased your investment. The $500 cryptocurrency investment is now $549.30.
With the recent pullback, this is almost as if you started back at the beginning when the portfolio started. The cryptocurrency market is a wild ride.
Before you invest, know your goals. It is always best to sell when the market is high unless you plan to hold your cryptocurrencies for the long term. We’ll see what the next month holds.
What’s your favorite cryptocurrency?
To see the recent articles of this series, click below:
Note: The article was written in conjunction with BitFlex FinTech, a blockchain consulting firm. You can follow them on YouTube and Twitter.
This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any significant financial decisions.
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