Bitcoin
BTC$17 036.85

0.07%

Ethereum
ETH$1 263.24

-0.10%

Tether
USDT$1.000067

0%

Binance Coin
BNB$288.85

-0.25%

USD Coin
USDC$0.999980

0.01%

Binance USD
BUSD$0.999875

-0.03%

Cryptocurrency Trading with ForexTB


17 May 2021

#Bitcoin

Cryptocurrencies are web-based digital currencies that use cryptography to secure the financial transactions. A feature of cryptocurrencies, is that they are generally not issued by any central authority, which renders them “immune” to manipulation or interference by governments.

Bitcoin, which was first released as an open-source software in 2009, and was not originally supposed to be made a currency, is generally considered the first decentralized cryptocurrency, and has remained the most popular and well-known cryptocurrency even today, although there are thousands of different currencies.

The cryptocurrency market is growing rapidly by the day, but compared to the global currency market it is still small. This is a factor that can be attractive to traders who want to feel in the forefront of trading in these new markets. An important factor to remember is the risks associated with trading in this new and volatile markets, and an importance of understanding that losses can come just as fast as profits or even quicker.

Cryptocurrency Trading

Cryptocurrency trading, is simply the exchange of one cryptocurrency for another currency. As in Forex trading, you can buy and sell one cryptocurrency for another, like Bitcoin or Ripple for USD and Euro. The crypto markets move depending on supply and demand, however, as they are not centralised, they remain free from many of the political and economic concerns that can affect regular global currencies.

Cryptocurrency CFD are derivatives, enabling you to speculate on the price movement of a cryptocurrency without taking ownership of the underlying coins. You can buy if you think a cryptocurrency will rise in value, or sell if you think it will fall.

Check out the full list of cryptocurrencies on CFDs to choose from on the ForexTB platform.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 87.6% 17 $17 036.85 0.07% 0.92% $327 556 756 832 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 85.6% 28 $1 263.24 -0.10% -0.28% $154 587 986 288 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000067 0% 0.03% $65 689 611 763 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 76.8% 44 $288.85 -0.25% -2.64% $46 207 469 148 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $0.999980 0.01% 0% $43 034 408 184 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 91.6% 1 $0.999875 -0.03% 0.01% $22 097 327 307 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 84.8% 29 $0.385676 0.09% -4.09% $19 384 234 023 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 64% 73 $0.099825 -2.40% -6.11% $13 243 856 158 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 82.4% 30 $0.317492 -0.81% 1.31% $10 940 552 708 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 94% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 75.2% 52 $0.910821 -0.40% 5.98% $7 955 397 260 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 77.2% 37 $5.47 -0.50% 1.57% $6 265 062 095 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 95.6% 1 $0.999729 0.04% 0% $5 876 957 032 DAI 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 59.2% 85 $79.31 -2.60% 1.08% $5 692 408 178 LTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 82.8% 30 $0.053505 0.53% -0.76% $5 440 190 613 WTRX 7 days price change

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