What Are The Best Cryptocurrencies To Trade

Crypto is an incredibly fast-paced, constantly-changing industry, so keeping up to date with news and trends is vitally important, especially if you’re interested in joining a funded trader program or learning how to trade as a career.

With that in mind, here are some of the best cryptocurrencies to trade right now…

Bitcoin (BTC)

By far the most well-known cryptocurrency, Bitcoin is widely considered to be the ‘gold standard‘ of crypto. 

Its importance in online exchanges bolsters its standing as an excellent trading asset, not to mention it has a history of steadily increasing prices. It’s also divisible into surprisingly small fractions, making it ideal for micro trades. 

Growth over the last year has been impressive, with reports indicating that more people are using bitcoin than ever before. Analysts even expect this growth to continue over the coming years.

If you’re new to trading cryptocurrencies and want something more established, Bitcoin might be your best bet – but always remember that it’s volatile! 

Ethereum (ETH)

Also one of the most well-known cryptocurrencies (which is why it’s nicknamed ‘The Safe Bet‘), Ethereum has become popular for its speed and smooth transactions. 

With more developers using its blockchain technology, this cryptocurrency looks set to grow even further. It’s also divisible into smaller fractions, making it an excellent choice for new traders. 

With a market cap ranking second behind bitcoin, it shows great potential for growth yet remains affordable.

Solana (SOL)

In recent years, a number of platform blockchains have emerged as contenders to Ethereum’s crown. Solana is one such contender. Praised for its speed – supporting as many as 710,000 transactions per second – it’s certainly a worthy rival. 

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It also uses Proof-of-Stake mining, meaning that anyone who holds the cryptocurrency can effectively become a miner and earn rewards through this hands-off process.

Tether (USDT)

Easily traded against bitcoin, Tether is a cryptocurrency that’s tethered to the value of traditional currencies like the euro and the US dollar. 

Founded by the same man who founded Bitfinex in 2012, it’s popular because its transactions are fast and cheap. The low transaction time makes it an excellent choice for day traders, though it’s not as accessible as some other cryptocurrencies – you’ll need to own bitcoin first.

XRP (XRP)

Originally developed by the founders of Ripple, XRP is one of the few cryptocurrencies to be regulated. This cryptocurrency is gaining more and more traction as it becomes adopted more widely. Recently, major bank Santander has announced plans to integrate XRP for international payments, making it easier than ever before.

However, it’s worth pointing out that despite its growing popularity, its value is heavily tied to the fortunes of Ripple. As such, it’s best not to invest too much into XRP if you’re still new to trading cryptocurrencies.

The price of XRP was $0.006 at the start of 2017. Its price rose to $0.94 by Sept. 30, 2021, representing a gain of 15,700 percent since 2017.

Cardano (ADA)

Cardano is one of the newer cryptocurrencies to emerge, having launched in September 2017.

However, despite its short history, it’s already established itself as a popular choice for many day traders. With an easy-to-use mobile wallet app and an improved blockchain technology that uses proof of stake verification rather than proof of work to confirm transactions, Cardano demonstrates great potential for growth.

ADA’s price was $0.02 in 2017. Its price was $2.10 as of Sept. 30 2021, a gain of almost 10,500 percent over the previous year.

Binance Coin (BNB)

Another popular choice for day traders, Binance Coin (BNB) was made to facilitate transactions on the world’s largest cryptocurrency exchange: Binance

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It offers low costs and fast transactions, with a maximum supply of only 100 million coins. It’s likely that we’ll see more growth from this coin in the future as more users join Binance and trade cryptocurrencies.

In 2017, BNB’s price was just $0.10. On September 30th, 2021, it was $382. This is equal to a gain of more than 382,000 percent.

Dogecoin (DOGE)

Launched as a joke in 2013, Dogecoin is one of the most affordable cryptocurrencies to trade. It’s easy to see why: its transactions are fast and cheap, it’s traded on major exchanges, and boasts a high market cap, but despite these advantages, traders should be aware that DOGE has been proven to be vulnerable to hackers, so always trade with caution.

The price of Dogecoin in 2017 was $0.0002. Its value was $0.20 by Sept. 30, 2021—a 101,800 percent increase.

How To Trade Cryptocurrencies

Crypto trading is a little different from normal Forex trading, primarily because there are no centralized exchanges. This means that it can be hard to find the best prices. As such, traders tend to work with brokers who source cryptocurrency prices from multiple exchanges and offer them to clients at better rates.

You should always trade cryptocurrencies with caution, as they are still very volatile and unpredictable. Never invest money you can’t afford to lose.

Johnny Thompson

Johnny Thompson is a senior reporter for Generator Research in Los Angeles, reporting on technology, business, finances, and more. He previously worked as a reporter for the Wall Street Journal and got his start at newspapers in New York, Connecticut, and Massachusetts.

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