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s every hour. This will help the price of ETH.</p><p id="5950"><a href="https://coinmarketcap.com/currencies/cardano/"><b>Cardano (ADA)</b></a> $1.38</p><p id="31c5">Cardano is still down from the initial purchase price at$ 1.66. Cardano has decreased and is down 16.20%. ADA is likely to increase over time. <a href="https://iohk.io/en/team/charles-hoskinson/">Charles Hoskinson</a> takes time to perfect the ADA token and is not in a rush.</p><p id="c7fc"><a href="https://coinmarketcap.com/currencies/chainlink/"><b>Chainlink (LINK)</b></a> $23.21</p><p id="ef2a">Chainlink has shown a nice increase from the initial purchase price of$ 19.09. LINK has increased 23.38%. LINK saw a high of $52.94 in early May. Chainlink recently added <a href="https://www.coindesk.com/chainlink-unveils-crypto-keepers-and-anti-fraud-blockchain-bridges">Chainlink Keepers</a> to allow decentralized off-chain computation.</p><p id="485d"><b>SushiSwap (Sushi)</b>$ 9.18</p><p id="3c21"><a href="https://coinmarketcap.com/currencies/sushiswap/">SushiSwap</a> is still down from the initial purchase price at $10.93. Sushi is down 14.38%. Sushi saw a high of$ 23.41 in early May. SushiSwap a fork of <a href="https://coinmarketcap.com/currencies/uniswap/">Uniswap (UNI)</a>, recently announced Trident. <a href="https://www.prnewswire.com/news-releases/sushiswap-reveals-720-announcement-as-sushis-next-generation-amm-trident-301337039.html">Trident</a> allows Sushi to offer more pools and trading between assets and other features.</p><h1 id="ad75">Final results</h1><p id="2b10">If you bought these five cryptocurrencies as mentioned on June 7, you would have doubled your investment. The $500 cryptocurrency investment is now$ 600.15 with strong support from Bitcoin.</p><p id="224c">The cryptocurrency market is an interesting space. This market has influence from the Bitcoin Whales, cryptocurrency self-proclaimed gurus like Elon Musk, Dogecoin meme investors, new investors, day traders, political moves by various countries (China banning Bitcoin mining), and other instances.</p><p id="9c5f">It is hard to predict the day to day movement of cryptocurrencies in general unless you follow the market very closely. If you have a longer time horizon and can handle the volatile movement, then investing in cryptocurrencies is a good decision.</p><p id="8f35">Just be sure you don’t invest money that you need to pay for basic essentials to get through the day.</p><p id="474f">If you liked this article and missed the previous issues, see the first and second articles of this series below:</p><div id="390a" class="link-block"> <a href="https://readmedium.com/if-you-only-have-500-these-are-the-cryptocurrencies-y

Options

ou-should-consider-12ffb7ab0a85"> <div> <div> <h2>If You Only Have $500, These are the Cryptocurrencies You Should Consider</h2> <div><h3>5 Cryptocurrencies to have on your watch list as a beginner.</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*4oyxMFCmFw1OFdtFB1PFHw.jpeg)"></div> </div> </div> </a> </div><div id="7d60" class="link-block"> <a href="https://readmedium.com/if-you-only-have-500-these-are-the-cryptocurrencies-you-should-consider-90ceb8315eee"> <div> <div> <h2>If You Only Have$ 500, These are the Cryptocurrencies You Should Consider</h2> <div><h3>A follow-up on the beginner portfolio.</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*m4-fOL0vzj6vxs2wMC4GBw.jpeg)"></div> </div> </div> </a> </div><p id="e769"><b>Note</b>: The article was written in conjunction with <a href="https://bitflexcrypto.medium.com/bitflex-fintech-supporting-vulnerable-communities-through-crypto-part-1-endometriosis-f9ec0ea20e12">BitFlex FinTech</a>, a blockchain consulting firm. You can follow them on <a href="https://www.youtube.com/channel/UCRt4hIYncXAorfJGZ5FvJjg">YouTube</a> and <a href="http://www.twitter.com/BitFleXCrypto">Twitter</a>.</p><p id="e032">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.</p><p id="58b2"><b>Check out our new platform </b>👉<b> <a href="https://thecapital.io/">https://thecapital.io/</a></b></p><p id="5e5d"><a href="https://twitter.com/thecapital_io">https://twitter.com/thecapital_io</a></p> <figure id="c6d2"> <div> <div> <img class="ratio" src="http://placehold.it/16x9"> <iframe class="" src="https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fupscri.be%2Ff%2F3c1144%3Fas_embed%3Dtrue&dntp=1&display_name=Upscribe&url=https%3A%2F%2Fupscri.be%2F3c1144&key=d04bfffea46d4aeda930ec88cc64b87c&type=text%2Fhtml&schema=upscri" allowfullscreen="" frameborder="0" height="400" width="800"> </div> </div> </figure></iframe></div></div></figure></article></body>

If You Only Have $500, These are the Cryptocurrencies You Should Consider

The second follow-up to the Cryptocurrency beginner portfolio.

This is a follow-up on a proposed cryptocurrency portfolio that I wrote about in June. If you missed the article, the main intent is to create a portfolio for beginners who live in the United States and have access to a Coinbase account.

Here is a summary of what was previously mentioned.

If you only have $500, these are the five cryptocurrencies a new cryptocurrency investor should consider buying:

Bitcoin
Ethereum
Cardano
Chainlink
Sushiswap

All of these cryptocurrencies are available on Coinbase, a cryptocurrency exchange.

Since these cryptocurrencies were purchased, the market has started to show a slight rebound. Overall, the portfolio has increased a little after trading sideways over the past two months.

Bitcoin (BTC) $40,954.81

Bitcoin has seen the highest increase of the five cryptocurrencies purchased. Initially, Bitcoin was purchased when the price was $35,554.36. To date, the price of Bitcoin has risen by 22%.

Ethereum (ETH) $2,786.32

Ethereum didn’t rise as much but was purchased at a higher price. When I bought Ethereum, the initial price was $2,687.14. Since then, the price has only increased 4.32% despite the Ethereum fork that is currently going on.

My initial purchase for Ethereum was $150 since I believe Ethereum will rise by a higher percentage than Bitcoin in the near term. Ethereum’s recent upgrades are showing a lot of promise. Currently, Ethereum is burning $395,000 in cryptocurrencies every hour. This will help the price of ETH.

Cardano (ADA) $1.38

Cardano is still down from the initial purchase price at $1.66. Cardano has decreased and is down 16.20%. ADA is likely to increase over time. Charles Hoskinson takes time to perfect the ADA token and is not in a rush.

Chainlink (LINK) $23.21

Chainlink has shown a nice increase from the initial purchase price of $19.09. LINK has increased 23.38%. LINK saw a high of $52.94 in early May. Chainlink recently added Chainlink Keepers to allow decentralized off-chain computation.

SushiSwap (Sushi) $9.18

SushiSwap is still down from the initial purchase price at $10.93. Sushi is down 14.38%. Sushi saw a high of $23.41 in early May. SushiSwap a fork of Uniswap (UNI), recently announced Trident. Trident allows Sushi to offer more pools and trading between assets and other features.

Final results

If you bought these five cryptocurrencies as mentioned on June 7, you would have doubled your investment. The $500 cryptocurrency investment is now $600.15 with strong support from Bitcoin.

The cryptocurrency market is an interesting space. This market has influence from the Bitcoin Whales, cryptocurrency self-proclaimed gurus like Elon Musk, Dogecoin meme investors, new investors, day traders, political moves by various countries (China banning Bitcoin mining), and other instances.

It is hard to predict the day to day movement of cryptocurrencies in general unless you follow the market very closely. If you have a longer time horizon and can handle the volatile movement, then investing in cryptocurrencies is a good decision.

Just be sure you don’t invest money that you need to pay for basic essentials to get through the day.

If you liked this article and missed the previous issues, see the first and second articles of this series below:

If You Only Have $500, These are the Cryptocurrencies You Should Consider

5 Cryptocurrencies to have on your watch list as a beginner.

medium.com

If You Only Have $500, These are the Cryptocurrencies You Should Consider

A follow-up on the beginner portfolio.

medium.com

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.

Check out our new platform 👉 https://thecapital.io/

https://twitter.com/thecapital_io