Cryptos such as Bitcoin and Ethereum have risen a lot since their debut — but they’ve also experienced tremendous boom-bust cycles along the way.#BTC🔥🔥🔥🔥🔥🔥 #ETH🔥🔥🔥

Cryptocurrencies are enormously volatile, but that volatility can create opportunities for profit if you’re looking to trade these digital assets

Bitcoin (BTC) alone has seen at least eight significant crashes – or market corrections, depending on your perspective – over the last decade or so.

Thoughtfully selecting your cryptocurrency, however, is no guarantee of success in such a volatile space. Sometimes, an issue in the deeply interconnected crypto industry can spill out and have broad implications on asset values.

If you’re thinking about getting into cryptocurrency, it can be helpful to start with one that is commonly traded and relatively well established in the market.

It’s important to remember that Bitcoin is different from cryptocurrency in general. While Bitcoin is the first and most valuable cryptocurrency, the market is large.

Many cryptocurrency projects are untested, and blockchain technology in general has yet to gain wide adoption. If the underlying idea behind cryptocurrency does not reach its potential, long-term investors may never see the returns they hoped for.

Some cryptocurrencies offer their owners the opportunity to earn passive income through a process called staking. Crypto staking involves using your cryptocurrencies to help verify transactions on a blockchain protocol.

NFTs are different from cryptocurrencies due to that unwieldy word in their name: non-fungible.

In November of 2022 the market took a major hit as the cryptocurrency exchange FTX struggled to deal with liquidity issues amid a spike in withdrawals.

The cryptocurrency market is a Wild West (although the U.S. government is set to take a more active role in overseeing the crypto space), so those speculating in these digital assets should not put in more money than they can afford to lose.

More than 21,000 different cryptocurrencies are traded publicly, according to CoinMarketCap.com, a market research website.

Polygon is a cryptocurrency that focuses on being accessible to those creating digital apps and scales up the Ethereum cryptocurrency. It was previously known as Matic and was formed in 2017, though switched its name to Polygon in 2021.

USD Coin is a stablecoin pegged to the dollar, meaning that its value should not fluctuate.

Originally created as a joke after the run-up in Bitcoin, Dogecoin takes its name from an internet meme featuring a Shiba Inu dog. Unlike many digital currencies limiting the number of coins in existence, Dogecoin has unlimited issuance.

Binance USD is a dollar-backed stablecoin from top crypto exchange Binance in partnership with Paxos. Binance USD was launched in 2019 and is regulated by the New York Department of Financial Services. BUSD runs on top of the Ethereum blockchain.

Binance Coin can be used for payments as well as purchasing various goods and services.

BNB is the cryptocurrency issued by Binance, among the largest crypto exchanges in the world.

Bitcoin gets all the headlines when people talk about cryptocurrencies, but there are literally thousands of other options when it comes to these digital currencies.

As the harbinger of the cryptocurrency era, Bitcoin is still the coin people generally reference when they talk about digital currency.