Dogecoin, Shiba Inu, defi tokens and even metaverse tokens can be useful, a new study published in the Finance Research Letters says.
“Portfolios of meme coins act as potential hedges for Bitcoin. However portfolios made up of DeFi, meme coins, smart contract, metaverse or privacy cryptocurrencies all act as safe-havens to extreme movements in the price of Bitcoin,” the authors state.
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