Wednesday, January 25, 2023

How to Pick the Best Crypto to Trade?

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Asif Ahmed
Asif Ahmed
Founder and Cheif Editor of Techtippr, Get in touch with me on Twitter or Enjoy my Stories on Instagram. I think they are interesting. :-)

Cryptocurrency trading has become increasingly popular in recent years, as the technology and infrastructure to support it continues to improve.

With so many different cryptocurrencies available, it can be difficult for traders to choose which ones to focus on.

This article will provide an overview of how to pick the best crypto to trade, including key factors such as liquidity, the risk versus return potential, and market depth.

Experienced traders recommend paying attention to market capitalization and buying mega and middle-cap assets. Here is the list of the best-traded coins as of January 2023:

  1. Bitcoin (price – $21, cap – $408,53 billion)

  2. Ethereum (price – $1,575, cap – $192,77 billion)

  3. Tether (price – $1, cap – $66,49 billion)

  4. Binance Coin (price – $300, cap – $47,44 billion)

  5. U.S. Dollar Coin (price – $0.99, cap – $43,50 billion)

  6. XRP (price – $0.38, cap – $19,73 billion)

  7. Binance USD (price – $1, cap – $16,015 billion)

  8. Cardano (price – $0.34, cap – $11,96 billion)

  9. Dogecoin (price – $0.086, cap – $11,439 billion)

  10. Polygon (price – $0.99, cap – $8,64 billion).

Let’s talk about the XRP crypto. You can find the Ripple live price on the Coinmarketcap resource or any large and credible crypto platform, for example, WhiteBIT.

Ripple is a platform enabling fast and secure money conversion and transfers worldwide at low fees. The Ripple technology is already integrated into over 100 financial institutions worldwide.

It has significant changes to receive a more comprehensive adoption in the future, rivalling the popular but slow and expensive SWIFT system.

How to Trade Cryptocurrency?

Cryptocurrency trading is becoming increasingly popular as more investors are looking to capitalize on the potential return offered by digital currencies. While it is possible to make a profit from cryptocurrency trading, it does come with a high level of risk and requires a great deal of research before taking the plunge.

To buy and trade crypto Ripple, use the WhiteBIT platform – the most prominent official European exchange with over 450 traded pairs supported.

If you’re ready to start trading cryptocurrencies, here’s what you need to know. First, create an account on an exchange. You’ll need this account in order to buy and sell your digital coins. Then, look into wallets that allow you to store your coins securely online or offline.

Once you have these two items set up, decide which cryptocurrency you want to invest in and research its price movements over time.

To trade crypto with a profit, pick a strategy and adhere to it. Also, do not forget to assess risks and never invest your last money. To learn more about crypto trading, visit the WhiteBIT blog.

You can learn and practice simultaneously using the WhiteBIT demo account.


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