Bitcoin
BTC$49 193.22

-7.23%

Ethereum
ETH$4 116.36

-1.41%

Binance Coin
BNB$561.89

-4.29%

Tether
USDT$1.001881

0.18%

Solana
SOL$196.65

-3.68%

Cardano
ADA$1.39

-8.99%

Deepen your Understanding of Crypto Trading


08 Nov 2018

#Litecoin

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 and 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.

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.


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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 71.6% 50 $49 193.22 -7.23% -9.28% $929 329 350 425 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 81.2% 36 $4 116.36 -1.41% 2.01% $488 235 923 439 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 80.8% 32 $561.89 -4.29% -4.45% $93 723 146 872 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 94.4% 1 $1.001881 0.18% 0.13% $74 297 173 480 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 71.6% 62 $196.65 -3.68% 5.13% $60 103 456 849 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 67.2% 72 $1.39 -8.99% -7.87% $46 392 712 007 ADA 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 91.2% 2 $1.000412 0.03% 0.07% $40 042 314 055 USDC 7 days price change
8 XRP (XRP) XRP XRP predictions 68% 66 $0.833702 -8.59% -10.36% $39 390 183 603 XRP 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 63.2% 76 $28.88 -12.51% -15.64% $28 521 499 285 DOT 7 days price change
10 Terra (LUNA) LUNA Terra predictions 68% 62 $72.27 18.51% 68.39% $28 015 046 896 LUNA 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 67.2% 73 $0.173763 -11.84% -13.14% $23 003 781 874 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 63.2% 75 $90.60 -13.00% -15.64% $21 989 955 830 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 65.2% 76 $0.000036 -8.82% -3.38% $19 811 050 065 SHIB 7 days price change
14 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 59.2% 86 $0.599768 -2.91% -17.36% $15 151 941 276 CRO 7 days price change
15 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $1.000770 0.14% 0.03% $13 610 910 664 BUSD 7 days price change

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