Bitcoin
BTC$57 397.14

5.51%

Ethereum
ETH$4 325.04

6.69%

Binance Coin
BNB$609.29

4.33%

Tether
USDT$1.000997

0.02%

Solana
SOL$203.84

7.44%

Cardano
ADA$1.59

5.99%

Deepen your Understanding of Cryptocurrency Trading


May 2021

Cryptocurrency trading, or more briefly crypto trading, is simply the exchange of cryptocurrencies. Just like in Forex, you can buy and sell one cryptocurrency for a fiat currency, like Bitcoin or Ripple for USD and Euro. Or you can trade one cryptocurrency for another, like Litecoin for Bitcoin or Ether.  

What you should know before you start cryptocurrency trading

The cryptocurrency market is quite volatile. You might be able to make a fortune in a moment and lose it in the next whether you trade Bitcoin, Ripple, Ether, Litecoin, or Dash. Keeping that in mind if you are a beginner or even an expert in crypto trading, it would be a good start to choose a company with a good reputation that offers trading on the most well-known coins like Bitcoin (BTC) and Ethereum (ETH). 

Additionally, it is always wise to stay updated with the current trends and news of the crypto market and do research on the market cap, history, and future of each cryptocurrency.

Security, transparency, and reliability of cryptocurrency exchange are guaranteed by blockchain. It is a sophisticated technology that serves as a public ledger for digital currencies transactions and is aimed to distribute, store, and access data. And this is the reason why cryptocurrencies have become so popular. Now, it is the best digital technology for financial transactions that eliminates the role of the third party. It has great potential for becoming a global system for exchanging money. Here is why so many traders are interested in crypto trading.

Mining or trading cryptocurrency?

Cryptocurrency mining is another way to get involved in crypto trading. It will require a large outgo of cash to buy the needed equipment an investment of time and resources like electricity for powering your computer, or you can invest a small amount of money and trade with an online broker.  

Bitcoin and Ether mining are among the most popular coins to mine. However, if you are not interested in getting involved with all the technicalities of mining, then trading may be a better choice.

Factors that affect crypto trading prices

Some of the factors that cause fluctuations in the crypto trading market include a software update, wallet improvements, platform applications and of course governmental regulations. If a cryptocurrency is updating its software to lower the transaction speed, for example, this could increase the value of that coin in the future. The same is true for wallets. 

Unlike fiat currency that can be stored in a bank, cryptocurrencies need to have a compatible wallet to be stored safely. If a cryptocurrency does not have a good wallet solution yet, it may mean that it is undervalued and future improvements in the wallet may increase the price. 

Some crypto platforms, like Ethereum, host other applications. If one of these platforms does very well, this could have a positive effect on the currency. Finally, government regulations can have a large effect on the value of a cryptocurrency. That is why all investors should keep aware of current trends in government regulations and avoid crypto trading in currencies that could get red flagged by government agencies.

Cryptocurrency trading with ROInvesting

One of the most accessible options to trade cryptos is contracts for difference or CFDs. ROInvesting offers competitive conditions for CFD trading and delivers an exceptional service for every investor. It also gives access to a wide array of digital currencies such as Bitcoin, Ether, Ripple, Litecoin, or Dash. Here is why traders choose ROI:

ROInvesting powers up trading experience and helps investors to strengthen financial portfolios. Open account and enjoy trading with us.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 77.6% 42 $57 397.14 5.51% -0.13% $1 084 001 374 692 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78.8% 32 $4 325.04 6.69% 3.38% $512 656 495 446 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 73.6% 53 $609.29 4.33% 7.07% $101 630 227 689 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 96% 1 $1.000997 0.02% -0.01% $73 194 134 956 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 69.2% 65 $203.84 7.44% -8.23% $61 976 513 439 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 68.8% 60 $1.59 5.99% -11.72% $52 852 892 795 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 74.8% 51 $0.987767 7.45% -5.41% $46 582 102 093 XRP 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 91.2% 2 $0.998878 -0.13% -0.10% $38 347 542 030 USDC 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 62.4% 75 $36.25 8.95% -9.51% $35 798 276 399 DOT 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 61.6% 74 $0.205694 2.60% -7.52% $27 214 125 290 DOGE 7 days price change
11 Avalanche (AVAX) AVAX Avalanche predictions 62% 75 $112.35 3.84% -16.51% $25 147 340 195 AVAX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 63.2% 77 $0.000039 3.61% -9.86% $21 537 353 661 SHIB 7 days price change
13 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 57.2% 90 $0.766272 1.87% 10.94% $19 358 331 922 CRO 7 days price change
14 Terra (LUNA) LUNA Terra predictions 62.8% 72 $49.02 8.15% 18.38% $19 258 363 664 LUNA 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 78% 46 $56 525.74 5.34% -1.06% $14 327 926 572 WBTC 7 days price change

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