Investments in cryptocurrency has become so popular due to high volatility of crypto prices. They may change many times daily and demonstrate significant fluctuations in the long run. Popular crypto trading strategies:
- day trading;
- swing trading;
- buy and hold.
The strategies differentiate by timeframes of opening and closing positions on the crypto market, that is, the time between buying crypto and selling it. When taking a decision, the investor relies on technical analysis, crypto charts, and forecasts for the market.
Spring – Summer 2022 turned out to be a crisis time for the market. There were several reasons why crypto rates dropped. However, even amid the market decline, many people decide to enter the market. One of the investment rules sounds, “Buy when everyone sells and sell when everyone buys”. Now that crypto rates are down, this is an excellent chance to purchase digital assets.
The Best Cryptocurrency To Invest
Bitcoin is the leading crypto asset in the market. Basically, this cryptocurrency determines the whole market development – when Bitcoin drops, all other assets follow it, and vice versa. The top cryptocurrency crash happened in the spring of 2022; now, its rate is $24,052, which is a great chance to purchase it. We all know that the crypto market lives through its ups and downs, so we dare to assume that the BTC rate will boost when the market trend changes.
Other crypto assets to invest in include Ethereum (ETH), Ripple (XRP), Cardano (ADA), Solana (SOL), and other leading assets in crypto rankings. These are the best cryptocurrencies to invest in, and you can find them on all large crypto platforms such as Binance, WhiteBIT, Coinbase, KuCoin, Huobi, etc. Before buying crypto, make sure you know about exchange fees. Also, make sure you pick a reliable platform, so your investments will be in a safe place.