This blog post takes a side note since there are some interesting things going on in the market with IOTA now switching with NEM (XEM) for the #10 market cap coin; and Binance being suddenly unavailable. If you are new to this blog, you might want to start from the beginning as we walk through step-by-step how to get set up and purchase the top 10 cryptocurrencies.
Well, today is an interesting day. We had planned to do a new post on how to purchase NEM (XEM), but it looks like IOTA has now taken the #10 spot on the top 10 market cap coins 🙂 Welcome to the world of volatility.
So, we had a few options:
- Purchase NEM anyway
- Purchase IOTA
- Purchase both since part of our plan was to buy any cryptocurrency that was in the top 10
So a couple of things to note with this blog post.
- As we see there is still a lot of volatility in the cryptocurrency market, so we will see switches in the top 10 tokens
- Exchanges are still somewhat new and vulnerable, which is why we ultimately will be storing our cryptocurrency in cold storage on hardware wallets
Anyway, a quick side note for today. The next blog post will still work through purchasing NEM (XEM), since it was in the top 10 during this first quarter of 2018.