{"id":297419,"date":"2021-08-05T07:22:28","date_gmt":"2021-08-05T11:22:28","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=297419"},"modified":"2024-10-06T00:23:01","modified_gmt":"2024-10-06T00:23:01","slug":"cryptocurrency-price","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/cryptocurrency-price","title":{"rendered":"Cryptocurrency Prices"},"content":{"rendered":"

Cryptocurrency is one of the most popular innovations of the 21st century. It’s a digital money system that stands out from traditional money with two primary characteristics – decentralization and anonymity. Cryptocurrencies aren’t issued by central banks, so the government cannot have control over the supply. Instead, cryptos run on blockchain technology, a decentralized system that manages all the transactions. <\/span><\/p>\n

For these reasons, people firstly didn’t rely on cryptocurrencies as much because they thought cryptocurrencies were of no value. But things have changed drastically since then, and cryptocurrencies have become one of the most exciting financial markets, with many preferring to buy Bitcoin<\/a> over other assets such as Gold. In recent years with the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs) many investors are also buying Ethereum<\/a>.<\/span><\/p>\n

There are several factors that you should carefully analyze before you make a crypto investment. This guide will explain how to read price charts, how cryptocurrency prices are changed, what determines their value, and how to invest in cryptocurrencies reasonably.<\/span><\/p>\n

Cryptocurrency Prices Now – Top List by Marketcap<\/h2>\n

Another thing that makes buying cryptocurrencies<\/a> so attractive is their volatility – they fluctuate sharply on several timeframes, especially the 1 minute and 5 minute chart, but even also on the 4 hour and daily charts. <\/span><\/p>\n

This makes them a high-risk but also high-reward investment and a great market for active day traders. It also means that you must keep an eye on crypto prices, monitor market trends, and consider setting a stop loss and using several limit orders to scale into a position gradually (dollar cost averaging, or DCA) and get a better entry.<\/span><\/p>\n

The table above displays the top ranked cryptocurrencies by marketcap, their 24 hour volume, and the change in each cryptocurrency prices over the last day. Similar tables are displayed on cryptocurrency price tracking websites such as Coinmarketcap<\/em> and CoinGecko<\/em>.<\/span><\/p>\n

Stablecoins like Tether<\/a> (USDT) also have a large marketcap and are used to buy and sell crypto temporarily when the market is volatile, without having to withdraw into fiat currency.<\/p>\n

You can view cryptocurrency prices, news and network with other investors at social trading platform eToro<\/a>. It’s both a regulated exchange where you can buy and trade crypto, and also a social media platform where you can share your thoughts on the markets and your predictions for coin prices.
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