Many have heard about cryptocurrencies and would like to start investing part of their funds in them right now. However, the question arises: what is the best cryptocurrency to buy now?
How To Invest In Cryptocurrency?
In general, there are only two strategies that can be used when investing in cryptocurrencies – these are trading and hodling.
What Is Cryptocurrency Trading?
Trading involves buying and selling crypto assets while holding positions for hours or days. This process involves taking advantage of the opportunities presented by market volatility. So, the prices of cryptocurrencies can change by 20-30% during the day, and this creates opportunities for significant profits.
However, predicting price movements is extremely difficult and you could lose all your money in the hope of making more. Trading is akin to gambling, but if you are really interested in such a risky activity, then before putting your hard-earned money at risk, make sure that you have studied the topic well enough.
How To Hodl Crypto?
The flip side of trading is “hodling” (buy & hold strategy), which is based on the assumption that cryptocurrencies will have more value in the future. That is, you store digital assets until the moment when they rise significantly in price, and then sell them. This is usually a long process, and don’t be surprised that it will take more than five years for cryptocurrencies to rise significantly in price, if at all.
Also, make sure you have an exit strategy in mind. For example, if you no longer want to deal with assets, the price of which is constantly moving “south”. After all, it is also possible that your assets will not be worth anything tomorrow. However, it is possible, without going to extremes, to combine both of these strategies. So, you can set aside a certain part of assets for long-term storage, and trade another.
Where To Buy Cryptocurrency?
There are thousands of exchanges to choose from, but which one is right for you? In truth, there is no “one and only” crypto exchange. For example, none of them provide all existing digital assets. Therefore, in order to buy the coins you want, it may be necessary to register on several trading platforms.
If you decide to invest in cryptocurrencies, hurry to buy them on StealthEX, with its advantages such as high speed, user-friendly interface and effective technical support service working 24/7.
Please note that you can now purchase the following coins on StealthEX for fiat currencies EUR, RUB, USD or GBP (Turkish lira (TRY) will be added to this list soon): Bitcoin (BTC), Ethereum (ETH), TRON (TRX), Algorand (ALGO), Basic Attention Token (BAT), Bitcoin Cash (BCH), Dai (DAI), Tether ERC20 (USDTERC20).
What Is The Best Cryptocurrency To Buy Now?
Next, we will consider the best crypto to buy now and tell you why exactly they are worthy of your attention.
The main fact that determines the stability of the oldest cryptocurrency project is the recognition by the United States and other states of Bitcoin as an official payment system. In addition, the following testifies in favor of long-term investment in BTC:
- Bitcoin listed on all cryptocurrency exchanges.
- With regard to BTC, all settlements are carried out within the framework of international trading platforms.
- Exchange players are guided by the behavior of BTC – if the quotes of a digital asset fall, it is followed by a decrease in the value of other coins and vice versa.
External factors include growing inflation, unsatisfactory monetary policy of world financial institutions. This motivates large players (for example, such as Elon Musk, who placed $1.5 billion in BTC, provoking an impulse for the growth of the token, picked up by other investors) to look for an alternative in the face of Bitcoin.
This currency is popular all over the world. The reasons for placing capitals in ETH are as follows:
- Support for Uniswap (UNI), Maker (MKR), and Aave (AAVE) projects, which are actively functioning in the DeFi ecosystem, which is able to give independence from centralized financial institutions to insurance, credit, savings projects.
- The total investment in DeFi is $13 billion (2020), which is $10 billion more than last year.
These factors contribute to an increase in the capitalization of Ethereum and, as a result, an increase in the cost of ETH coin.
Being a fork of Bitcoin, Litecoin was created to solve the problems associated with the speed of transaction processing and, as a result, high fees. Despite the relatively low rate, the currency is highly popular. Miners even call it digital silver. It is a reliable platform that boasts stability and high interest from users.
This is another very promising cryptocurrency, the creators of which set themselves quite ambitious goals – to redistribute the spheres of influence in the world and transfer control from the hands of centralized structures to the hands of individuals. Having existed on the market since 2017, at the moment this asset is holding near its all-time high of $1.4, and its capitalization exceeds $36 billion.
One of the leaders in this niche is Uniswap with its UNI token. Uniswap is one of the world’s largest decentralized trading platforms. An increase in the number of users, as well as an increase in the attractiveness of the cryptocurrency market, contribute to an increase in the value of the token of this site. As a result, this UNI cryptocurrency has grown from $4 in early February 2021 to over $30 by the end of the first decade of March. The market capitalization of this cryptocurrency is approximately $16 billion. Given the growing interest in the cryptocurrency market, investing in this asset is becoming very attractive.
And remember, if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 350 coins and constantly updating the cryptocurrency list so that our customers will find a suitable option for exchange with a low fee. By the way, we also offer the opportunity to buy crypto at fixed rates.
How To Buy Crypto At StealthEX
- Choose the pair and the amount for your exchange. For example, BTC to ETH.
- Press the “Start exchange” button.
- Provide the recipient address to which the coins will be transferred.
- Move your cryptocurrency for the exchange.
- Receive your ETH coins!
And don’t forget that now you can purchase many coins on StealthEX for fiat currencies! You can read more about this in our article – How To Buy Bitcoin With A Credit Card?.
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.