The introduction of new altcoins to the Binance chain is quite interesting, now you can trade several altcoins which actually yield better results than holding or trading BTC, ETH, BCH, LTC, XMR, and ZEC. Find out why trading these altcoins are profitable.
The fluctuation in the price of BTC might be a disadvantage for holders but an advantage for traders who know what they are doing. Traders buy the cryptos low and sell high. This is how you can make daily returns from trading.
Patience is very important in this game. Every altcoin has an opening price. The chances that a new altcoin retains the initial price when introduced into the market are very slim. Here is the key, you must wait to see the lowest possible price. This is when you place your bid. Buy and wait to sell off at your own will.
My experience with altcoins has shown me that they fluctuate in price even more than bitcoin and most traders take advantage of the daily fluctuations to rack up huge cash.
Another key point is to make your personal research whenever a new altcoin is introduced into your trading platform.
THESE TWO NEW ALTCOINS CAN DOUBLE YOUR TRADING MONEY
First on my list is Contentos (COS), a cryptocurrency token that operates on the Binance Coin platform. Contentos has a current supply of 10,000,000,000 in circulation. The last known price of Contentos at the time of writing this article is $0.026570 USD and is up 8.15% over the last 24 hours. It is currently trading on 7 active market(s) with$6,403,602 USD traded over the last 24 hours. More information can be found at https://www.contentos.io/.
I did mention Dusk in some of my articles before it was launched. Dusk is now on Binance and trading with a volume of 2,2177,772.60 which is reasonable and better than competing with that of bitcoin. https://data.bitcoinity.org/
Dusk is a cryptocurrency token that operates on the Ethereum platform. Dusk Network has a current supply of 500,000,000 DUSK with 65,290,425 DUSK in circulation and with a minimum of 2 million volume trade daily. These cryptocurrencies can actually bring good results when you buy low.
The information that I have provided in this article is Just a tip. Please make your own personal research. Remember the key is to buy low and sell high. Wait for the price to drop and then place your bid
Trading cryptocurrency is profitable when you buy low and sell high. patience is the key. Never place your bid when you see the green light. Rushing into the market will bring you loss. Remember to wait for the red light and place your bid once you see that the market is down.
REMEMBER TO HOLD THE COINS WHEN YOU BUY AT THE LOWEST POSSIBLE PRICE. DO NOT RUSH INTO SELLING. THE PICTURES ABOVE ARE TO SHOW YOU THE PRICE RANGE SO YOU CAN KNOW WHERE TO PLACE YOUR BID.
In conclusion, this article is for traders, feel free to leave a comment, tell us which coin you are trading now. For those who do not understand how trading works, all you need is a little research and most importantly a reasonable amount of money for your trade.
Thanks for reading...........