WikiCrypto’s Top 4 Crypto-Currencies to Trade

WikiCrypto’s Top 4 Crypto-Currencies to Trade

Bitcoin

Bitcoin is the cryptocurrency industry leader. It’s now worth over $2469. Ethereum, the second best in the industry, averages at $350. Bitcoin was the initial catalyst for the digital currency market. It grew slowly as the deep web developed. 

Bitcoin is definitely one of the assets to look out for when trading cryptocurrencies. That’s because Bitcoin is quite volatile but understanding the Bitcoin environment can help you predict the changes in the market. So, it’s a great cryptocurrency since there’s always news and you can use it to make a profit. However, Bitcoin is quite an expensive asset so you might want to look into Margin Trading if you have a low investment budget.

Ethereum

Ethereum is the result of an innovative addition to the technology of Bitcoin, which was created by Vitalik Buterin. The Ethereum blockchain features a system of smart contracts and tokens. Ethereum is a revolutionary project since ICOs have been gaining traction. ICOs or initial coin offering is pretty much like IPOs but online. The people who’d like to invest in a company would receive a coin which represents a share. This type of fund raising has been very successful in the recent years.

Since Ethereum is such an important project, experts argue that Ethereum won’t crash and won’t face the fate of many small currencies. Cryptocurrency trading on Ethereum will always be profitable if you’re a smart investor.

Litecoin

Charlie Lee, an ex-Google employee, founded Litecoin in 2011. The currency featured new technology that had decreased block generation line and in 2013 reached a market cap of over $1 billion. Cryptocurrency trading on Litecoin can be quite profitable as well, whilst being quite cheap. The currency has shot up since January 2017 and is trading for around $40 as of mid-July. Litecoin is an interesting cryptocurrency to trade since it’s very volatile. Before January, Litecoin was worth about $3 per coin. This dramatic increase in value is easy to justify why Litecoin is great for cryptocurrency trading. Anybody can short Litecoin for short term profit. 

Ripple

Ripple is a real time gross settlement system, currency exchange and a currency. It boasts “secure, instant and nearly free global financial transactions of any size with no chargebacks”. Currently, Ripple is the third largest cryptocurrency by market cap, after Ethereum and Bitcoin. Ripple is growing very fast since it’s being adopted by many different financial institutions in the world. Recently, Axis Bank, a popular commercial bank in India, integrated RTGS payments which can do funds transfer within minutes. Ripple is a great choice for cryptocurrency trading. That’s because Ripple is slowly being accepted by different institutions worldwide. I think going long on Ripple would be a very profitable investment, and that’s what makes Ripple great for cryptocurrency trading.

 

The Best Platform for Cryptocurrency Trading

AvaTrade provides cryptocurrency trading on all of these and is one of the best in the market. It’s rare to find one platform where you can trade all of these cryptocurrencies and AvaTrade is one of the few. The platform is well designed and is quite clear, you can simply open a demo account with over $100,000 in virtual money to try and start trading. The platform also has many unique educational features. 

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About Article Author

Martina Kelowsky
Martina Kelowsky

Currently working on her Master Degree in Economics & Computer Science she lives in Russia. She is a Bitcoin Enthusiast since 2013 and Investor in various ICO since 2014. She aims to democratize a future where money is decentralized and transaction anonymous.

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