Benefits of diversity: A coin-flip reveals better bitcoin alternatives

With bitcoin crossing the $51,000-mark (at the time of filing), many cryptocurrency investors are now of the view that its valuation has got stretched. Many are now exploring other cryptocurrencies which have not risen as much, and which they believe offer greater scope for appreciation.   According to CoinMarketCap, the global market capitalisation (m-cap) of cryptocurrencies is $1.54 trillion. While bitcoin is the most popular, there are around 6,000-plus altcoins (alternative cryptocurrencies) out there. Together, they account for around 34 per cent of the total crypto m-cap.....

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