There are hundreds of crypto assets in the market, and they all are different in their purpose and value. Three indicators to assess a crypto asset:
- crypto rates;
- trading volume;
- market capitalisation.
Looking at any cryptocurrency market ranking, we can see the list of assets and data about them.
Cryptocurrency rates change very often, giving a lot of earning opportunities for traders and investors.
What Do Crypto Rates Depend On?
First, like in any market, supply and demand are crucial. The price depends on how popular an asset is and how many people want to hold it. The next thing affecting cryptocurrency prices is the market trend and investors’ sentiments. The cryptocurrency market has two trends: upward (bullish) and downward (bearish).
Of course, the overall economic situation and crisis also impact crypto rates. The same can be said about local regulations on crypto in particular world countries.
Every crypto asset has its market capitalisation. It is the indicator showing the value of all existing coins and is calculated by multiplying the current rate by the number of assets in circulation. The leading crypto by market cap is Bitcoin.
Daily trade volume indicates how many crypto coins have been purchased and sold during the last 24 hours.
The top assets by the cryptocurrency rates, trade volume, and market cap:
- Bitcoin
- Ethereum
- Tether
- USA Coin
- BNB
- Cardano.
What is the best way to buy cryptocurrency?
The best option to purchase digital assets are centralized platforms: Binance, WhiteBIT, Coinbase, Hubi, etc. These exchanges provide a legal and safe way to conduct operations with cryptocurrencies along with numerous convenient trading features and tools.
Centralized platforms allow purchasing crypto coins with fiat money and depositing and withdrawing funds directly to bank cards.
Besides, traders find many opportunities to multiply their investments using futures trading, leverage, staking, and many other options supported by legal crypto platforms.
Amanda Byers is a graduate of Columbia, where she played volleyball and annoyed a lot of professors. Now as Zobuz’s entertainment and Lifestyle Editor, she enjoys writing about delicious BBQ, outrageous style trends and all things Buzz worthy.
