The Best Cryptocurrency to Buy With $500 Right Now (Hint: It's Not Bitcoin)

While Bitcoin has easily been the top-performing cryptocurrency of the past decade, it's not the best cryptocurrency to buy right now.Instead, that distinction belongs to Pax Gold (CRYPTO: PAXG), a stablecoin that is pegged 1-to-1 to the price of gold. Just as gold is up 74% this year, so is Pax Gold. If you're looking to put $500 to work right now, gold is the place to be.While the majority of stablecoins are pegged 1-to-1 to the U.S. dollar, there are some stablecoins that are pegged to other fiat currencies, such as the euro or yen. In addition, it's possible to peg a stablecoin to the price of a commodity or precious metal.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool