65 Cryptocurrencies Are Available for Trading on Robinhood. These 3 Are the Best of the Bunch After the Crypto Rout This Year

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The sector seems to have lost some of its appeal, as artificial intelligence (AI) and quantum computing stocks have perhaps added some competition, though they haven't fared much better. Furthermore, the conflict in Iran and economic concerns have also hurt crypto.But big sell-offs are quite common in crypto and have historically presented a buying opportunity. There are 65 cryptocurrencies available for trading in the U.S. on the popular online retail brokerage Robinhood, ranging from the largest and best known to meme tokens with very little use.Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »These three look like the best of the bunch.Image source: Getty Images.The largest token by market cap and the largest in the world remains Bitcoin (CRYPTO: BTC), and it is still one of the few cryptocurrencies I think is worth purchasing. It's down about 20% this year.Bitcoin's primary investment thesis remains the digital-gold narrative, driven by its finite supply of 21 million tokens, which many investors believe makes it a hedge against inflation. The crypto is also viewed as an alternative to fiat currency, which has historically led to an inverse relationship with the dollar. However, as is often the case, Bitcoin doesn't always act like gold.Sometimes, it trades like a high-beta tech stock. As you can see in the chart below, there appears to be some correlation at times, but not always.GLD data by YCharts.Still, I think it's the crypto most likely to succeed, and even after the sell-off, it has still crushed gold and the broader market since it began trading. I don't think it's a bad idea to have at least some Bitcoin in a portfolio, because it could serve as a unique diversification.Ethereum (CRYPTO: ETH) is the second-largest cryptocurrency in the world and remains one of the best to buy. Unlike Bitcoin, which uses a proof-of-work (PoW) consensus mechanism that involves solving cryptographic puzzles as quickly as possible to mine new coins, Ethereum migrated to a proof-of-stake (PoS) mechanism, partly because it is more energy-efficient.With PoS, investors stake their tokens to have the opportunity to be selected to validate transactions and form new blocks, earning rewards in the process. The crypto also supports smart-contract functionality, enabling developers to build decentralized applications.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 65,828.64 -3,340.57 (-4.83%)ARTL Artelo Biosciences, Inc. 10.54 +7.35 (+230.41%)AGX Argan, Inc. 566.62 +155.77 (+37.91%)CRWD CrowdStrike Holdings, Inc. 369.58 -23.04 (-5.87%)FIG Figma, Inc. 20.19 -1.96 (-8.85%)PortfolioSign in to access your portfolioSign inTop gainersAGX Argan, Inc. 566.62 +155.77 (+37.91%)U Unity Software Inc. 19.45 +2.32 (+13.54%)ADV Advantage Solutions Inc. 25.57 +2.99 (+13.27%)ADMA ADMA Biologics, Inc. 9.25 +0.96 (+11.58%)MEOH Methanex Corporation 65.22 +5.76 (+9.69%)Top losersFLY Firefly Aerospace Inc. 23.71 -3.10 (-11.58%)YOU Clear Secure, Inc. 47.44 -5.96 (-11.16%)ASTS AST SpaceMobile, Inc. 78.67 -9.19 (-10.46%)HNGE Hinge Health, Inc. 36.25 -3.93 (-9.78%)ZETA Zeta Global Holdings Corp. 14.55 -1.53 (-9.51%)Most activeNVDA NVIDIA Corporation 167.52 -3.72 (-2.17%)GRAB Grab Holdings Limited 3.5700 -0.1400 (-3.77%)TSLA Tesla, Inc. 361.83 -10.28 (-2.76%)INTC Intel Corporation 43.13 -0.97 (-2.20%)NU Nu Holdings Ltd. 13.60 -0.42 (-3.00%)Top economic eventsEarnings eventsMy earnings eventsEarnings events