Bitcoin
BTC$30 508.12

1.26%

Ethereum
ETH$2 093.04

2.32%

Tether
USDT$0.998966

0.01%

USD Coin
USDC$1.000154

-0.02%

Binance Coin
BNB$306.44

1.60%

XRP
XRP$0.439088

2.06%

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 63.6% 80 $30 508.12 1.26% -1.89% $580 960 193 914 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 61.2% 79 $2 093.04 2.32% -11.39% $252 881 782 711 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $0.998966 0.01% -0.09% $74 132 298 378 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000154 -0.02% 0.03% $52 257 397 746 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 62.8% 79 $306.44 1.60% -4.39% $50 035 144 123 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 63.6% 70 $0.439088 2.06% -15.23% $21 226 851 531 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 64% 70 $0.576828 2.14% -8.94% $19 508 461 980 ADA 7 days price change
8 Solana (SOL) SOL Solana predictions 62% 80 $57.33 4.48% -15.31% $19 341 508 411 SOL 7 days price change
9 Binance USD (BUSD) BUSD Binance USD predictions 92.8% 1 $1.002166 0.04% 0.04% $18 233 995 659 BUSD 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 64.8% 80 $0.090315 1.22% -17.60% $11 982 202 523 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 66% 77 $11.07 1.94% -3.93% $10 927 928 134 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 60% 78 $34.86 4.21% -23.49% $9 380 362 142 AVAX 7 days price change
13 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 60% 80 $30 511.34 1.34% -2.03% $8 645 506 751 WBTC 7 days price change
14 TRON (TRX) TRX TRON predictions 69.6% 60 $0.072411 3.63% -6.41% $7 071 146 113 TRX 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.8% 78 $0.000013 2.45% -24.21% $6 898 547 303 SHIB 7 days price change

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