Bitcoin
BTC$16 874.70

3.65%

Ethereum
ETH$1 266.25

6.98%

Tether
USDT$0.999728

0.01%

Binance Coin
BNB$296.30

-0.06%

USD Coin
USDC$0.999939

-0.03%

Binance USD
BUSD$1.000196

0.03%

Decrypting crypto with Libertex


24 May 2021

#Bitcoin

Cryptocurrencies have been around for well over a decade now, but it's safe to say they've only really been in the public eye since the first big crypto bubble of 2017-18. And even though a massive crash followed, the world started to take notice of digital assets, and the seeds were sown for the emergence of an entire industry. Fast forward to today, and we once again find ourselves at historic highs, practically dwarfing the previous peaks. The crucial difference this time around is that it isn't just crypto aficionados driving the growth but rather big institutional investors finally coming off the sidelines and welcoming digital currencies into the fold.

Traditional smart money isn't the only player in town now acknowledging the cryptocurrency revolution. Everyone from private corporations like Facebook to global central banks are taking steps to produce their digital assets. Not to mention the scores of established corporate players implementing architecture to help them utilise or facilitate crypto payments.

In this context, it is no longer in doubt that the crypto revolution is real and not just another bubble. Given the now undeniably transformative nature of digital currencies and the blockchain, many companies' success (or failure) in various sectors will depend on how they respond to this paradigm shift. At the very least, this fork in the road represents a generational opportunity to leverage cryptocurrencies and their underlying architecture to grow their businesses exponentially over the coming years.

Keeping up with the times

Despite our history as a veteran Forex broker, we are utterly determined to make the absolute most of the coming mass crypto adoption. The logical way for a financial brokerage like us to enter the digital currencies market is to make it possible to trade them. In fact, Libertex has been offering such instruments for many years now, long before many of our other legacy competitors. Unlike other major CFD trading firms, we refuse to limit ourselves to only the big-name cryptocurrencies. Instead, we support both long and short positions in almost 70 different cryptocurrency pairs, spanning the most popular projects to even the most obscure altcoins. And while some platforms have sought to milk clients looking to trade these kinds of new-age assets, Libertex has laid a clear statement of intent by providing zero spreads and cutting our cryptocurrency commission by 50%.

Into the ether

This could be a very attractive proposition given the current hype surrounding Ethereum. While Bitcoin appears to have hit somewhat of a wall after correcting over 10% last month from its all-time highs above $63,000, Ethereum has nearly doubled in value. There's no denying that ETH currently has some serious momentum behind it, and all the analysis would suggest this is likely to continue. Much of Ethereum's popularity this year can be attributed to the boom in DeFi applications, which are based on the Ethereum blockchain and still in their infancy. As they continue to expand, interest in ETH can only be expected to increase commensurately.

Ride the crypto wave with Libertex

Beyond Ethereum, the entire market is booming. Even if BTC and Dogecoin have corrected significantly, other serious gainers in recent weeks include Bitcoin Cash (up 200%) and XRP (up 50%). What's driving the growth across the entire space? Demand, of course. Cryptocurrencies are what people want to trade, and that trend is only going to intensify in the years to come as more and more on-the-fencers follow institutional investors into digital assets.

That's why we at Libertex are committed to providing a varied basket of these assets to our customers in an easy-to-understand and familiar format. With Libertex, you can trade CFDs in cryptocurrencies in the same way as you've been trading Forex and equities for years with none of the learning curve associated with other specialised platforms.

Unlike standard crypto exchanges, we also offer leverage to help you boost your potential gains even with a modest deposit. Create a Libertex account today to get access to all the biggest digital currencies and more in one intuitive and easy-to-navigate package!


Related

Bitcoin’s bottom might be below $15.5K, but data shows some traders turning bullish
Bitcoin’s bottom might be below $15.5K, but data shows some traders turning bullish
Copy Trading Strategies: How to Start Successful Copy Trading
Copy Trading Strategies: How to Start Successful Copy Trading
Institutional investors are buying through crypto winter
Institutional investors are buying through crypto winter
How Much Will BTC Be Worth on October 9, 2024?
How Much Will BTC Be Worth on October 9, 2024?
Bitcoin's shy uptrend
Bitcoin's shy uptrend
Powell did not scare crypto
Powell did not scare crypto
Bitcoin completes consolidation in a triangle
Bitcoin completes consolidation in a triangle
Bitcoin Is Still Gold. Although Digital One
Bitcoin Is Still Gold. Although Digital One
The bogged-down crypto market
The bogged-down crypto market

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 59.2% 81 $16 874.70 3.65% 1.89% $324 337 050 706 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 61.6% 79 $1 266.25 6.98% 8.69% $154 955 601 290 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $0.999728 0.01% 0.07% $65 344 934 206 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 68.4% 65 $296.30 -0.06% 8.15% $47 398 738 411 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $0.999939 -0.03% -0.04% $43 268 973 600 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 92.8% 1 $1.000196 0.03% -0.09% $22 374 674 909 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 66% 66 $0.401945 4.59% 6.55% $20 213 805 129 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 57.2% 85 $0.106316 5.04% 30.08% $14 104 970 590 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 60.4% 81 $0.313237 1.61% -1.08% $10 787 813 925 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 64.8% 72 $0.859004 3.26% -0.55% $7 502 809 463 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 65.6% 67 $5.39 4.32% -0.09% $6 145 246 302 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 91.2% 1 $0.999629 -0.07% -0.19% $5 639 262 730 DAI 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 66% 74 $78.44 3.69% -3.79% $5 626 037 116 LTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 66.4% 66 $0.053898 1.37% 5.61% $5 480 160 672 WTRX 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.