Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
What is a crypto fund and what is it for?
Cryptocurrency funds specialize in trading and provide investment services in electronic currencies. This is the same as an investment fund, but with a narrow specialization – only the cryptocurrency market.
Potential clients entrust their capital for management to professionals who competently manage funds in order to bring profit to the customer. Funds may take payment in the form of a commission on profits or capital.
The cryptocurrency fund adheres to some obligations to the client:
- correctly build an investment portfolio;
- search for possible ways of earning;
- strategy formation;
- analyze investments;
- risk assessment and minimization.
Some of the funds are exclusively engaged in investing in startups (ICO), the rest are engaged in cryptocurrency trading.
The popularity of cryptocurrencies is growing rapidly and beginners do not have time to study the market in detail in order to earn money. When a new currency appears in circulation, only experienced traders can evaluate its prospects. Therefore, for beginners, cryptocurrency funds are a chance to profitably invest their funds with minimal risk.
We recommend to study the list of well-known cryptocurrency funds
