Crypto Prices Are Tumbling Across the Board. Here's How I'd Put $1,000 to Work Today.

Group 1: Market Overview - The crypto market experienced a significant sell-off on February 5, with major cryptocurrencies crashing by 14% or more, and they have not fully recovered since then [1] - Despite the downturn, there are opportunities for bargain shopping in the crypto space [1] Group 2: Investment Allocation - A proposed allocation of $1,000 to cryptocurrencies includes $700 for Bitcoin, which is considered the foundational asset in the crypto sector [2][3] - Bitcoin is viewed as a scarce and in-demand asset, making it a safer investment compared to others in the crypto market [4] Group 3: Ethereum Insights - Ethereum is the second choice for investment, with an allocation of $200, due to its dominance in smart contract activity and plans for scaling to reduce transaction costs [5][6] - However, Ethereum is considered riskier than Bitcoin due to increased competition, technical complexity, and potential execution issues [7] Group 4: XRP Analysis - XRP receives the smallest allocation of $100, as its potential upside is contingent on winning competitive scenarios in the market [8]