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Cryptocurrencies by Category

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As an alternative to selecting cryptocurrencies by market cap, the best way to truly diversify your portfolio, for both value and growth purposes, may be to go about selecting cryptocurrencies by category. After you’ve flipped through the categories and selected the finalists that best fit your risk tolerance (see Book 5, Chapter 2), you can then move on to advanced investing techniques throughout the later chapters of Book 5.

Based on their popularity and total market cap as of 2021, here are some of the most popular cryptocurrency categories and the leading cryptos in each space. The following sections describe just a few examples of many categories in the exciting cryptocurrency world; you may recognize some of the currencies from their coverage earlier in this chapter. Other people may categorize these cryptos differently. Some popular cryptocurrency categories include the following:

 Gaming/gambling

 Supply chain

 Transportation

 Medical

 Internet of Things (IoT)

Keep in mind that some categories are hotter as of this writing, but others may have become more popular by the time you get this book in your hands. Also know that some cryptos are hybrids of multiple categories and are hard to fit in only one box. You can find different crypto categories on websites such as www.upfolio.com/collections#Go and www.investitin.com/altcoin-list/.

Cryptocurrency All-in-One For Dummies

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