Cryptocurrency exchange rates
Digital currencies such as cryptocurrencies are getting more and more popular nowadays. It is worth mentioning, that cryptocurrency exchange rates are not that volatile. Their market is less stable than other assets markets, and crypto investments are most likely based on speculations. Listing of all cryptocurrencies are presented as a rankings. In each of them, virtual assets are presented in order from highest to the lowest market capitalization. This marker determines their actual size. It should be remembered, that actual cryptocurrency price itself does not reflect its true value. Market capitalization is really helpful when it comes to assessing the risk of investment. It’s worth knowing, that assessing the risk is not easy to be calculated because of dead cryptocurrencies - these are coins that cannot be accessed by users - they were lost. Cryptocurrency market differs from every other markets, because trading happens all the time - 7 days a week, 24 hours a day. You may ask: how does cryptocurrency markets work all the time? Well virtual assets like cryptocurrencies work on a decentralized network, based on blockchain technology. It means, they can run continuously 365 days a year. Numerous observations have proved, that cryptocurrency prices fluctuate the most during weekends, when traditional markets are closed. Some people explain this phenomenon by the fast, that many players have a lot of time to analyze the market, and do investment actions slowly.
Most websites that monitor and analyze rates of cryptocurrencies show their prices in US dollars. There are some features that allow players filter cryptocurrency rankings within their expectations and personal preferences. It is very important to mention, that cryptocurrency exchange rates differ between few markets. It happens due to turnover on a given platform. It means, that there is no strict, and predetermined price for each of cryptocurrencies. The way that cryptocurrency prices differ can cause players buy them cheaper on one market, and sell on another one for a higher price. There are many websites, that analyze data from many markets, and allow players to compare actual cryptocurrency rates on different trading platforms, and choose the best one for them.
What drives the price of cryptocurrencies?
Cryptocurrency rates cannot be clearly determined. Inexperienced players often buy cryptocurrencies just because of their price. It is very unreasonable strategy. It often leads to purchase cryptocurrencies on their peaks, which may cause big loses. It is worth to diversify your investments, and not to go all in. You should do a proper research before you actually make an investment. Both cryptocurrency project history and market of our choice should be chosen carefully. Cryptocurrency rates often goes along with reaching some of project crucial moments. In fear, some of players buy virtual assets from market. These situations can be observed on the example of TRON (TRX). Justin Sun, the CEO of TRON, has great skills of controlling the market. His marketing appearances and moves, often reflects on TRX price. Following such situations will surely help to predict some of future cryptocurrency rates changes. Very often, the Heads of projects share their thoughts on cryptocurrency projects, which have impact on some coins prices. People blindly follow these moves, which are most likely just a fake informations. Mass media often influence cryptocurrency ratings by the informations they release, with an exaggerated way.
Cryptocurrency rates also depend on movements called Smart Money. It is well known, that more than half turnover on market is generated by institutional investors. The group is not big, but they enter market with very large capital. Such situations can influence price movements of coins, regardless of information coming out from the market. Anyway, it is difficult to tell who really is part of big players group. Smart Money can be observed by the volume, which is placed on the bottom part of cryptocurrency chart. This actually tells the details where the Smart Money capital is located.
Cryptocurrency actual prices
The most popular platform to check actual cryptocurrency prices is CoinMarketCap. Although, all the websites tracking cryptocurrency prices work under the same conditions. Same as our TradingSignals cryptocurrency listing. On the left you can see the name of cryptocurrency. It is placed just next to its shortcut and image. Next you can see market capitalization, so the worth of all the marketed coins. Right after that, you can see actual cryptocurrency price (it is the average value based on aggregated prices from various cryptocurrency exchanges). Right after actual price, you can see the volume of cryptocurrency (turnover within the last 24 hours). At the end, you can notice the cryptocurrency price change during last 24 hours (percentage) and 7 day small chart of coin price.
Cryptocurrency forecast and predictions
Actual cryptocurrency prices can be observed in real time. As we have mentioned above, it is hard to tell, what will be the price of cryptocurrency and its change during upcoming hours or even days. Even though, it is worth analyzing cryptocurrency live prices to minimize the risk of investment. Live cryptocurrency prices can be checked on charts. Such charts are really helpful tool in technical analysis. Cryptocurrency forecasts are very important factors for all of the investors. By the use of yearly, monthly and even daily price changes, traders from all over the world try to take the best investment decisions to place their money in the safest way. TradingSignals gives you access to latest cryptocurrency price changes and forecasts we publish in our news everyday.