Cryptocurrency investors can't just invest in crypto. There's no equivalent to the stock market's S&P 500 (SNPINDEX: ^GSPC) index yet, where you could buy an exchange-traded fund that represents the broad performance of the market. Instead, investors must pick crypto names by hand. The largest and most popular choices are Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
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The brokerage house, Axis Securities, has given a ’hold’ rating to PI Industries after conducting a thorough analysis. According to the brokerage, the target price for the stock is ₹4,980, indicating a 7% upside from the current market price of ₹4,668.50 (Thursday’s close).The brokerage claims that PI Industries is still committed to finding new development prospects.
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Bitcoin and XRP are two cryptocurrency options backed by billionaires, with potential for long-term growth and adoption. Bitcoin's store of value and XRP's ability to transform the financial system make them attractive investments, with billionaires such as Jack Dorsey, Bill Miller, and Tim Draper betting on their futures.
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