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What Is the Best Cryptocurrency to Invest During 2021?

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  The year 2021 has put a hallmark of success on cryptocurrency trading. Common and uncommon, big and small, retail and institutional – all investors know that this is the best time to invest in cryptocurrency. If you also want to benefit from the opportunity and build a healthy financial portfolio, here are the top cryptocurrencies to invest during 2021. #1. Bitcoin (BTC) Present, past, and future – Bitcoin has become a timeless asset for cryptocurrency traders. No matter what cryptocurrency trading instrument you choose, you can bet on bitcoin. 2017 is already a bull run moment for bitcoin. There has been a consistent rise in its value.  In the past one year, its value has only seen an upward trend. Even COVID-19 led economic crisis couldn’t slow it down. The recent USD1.5 billion investment by Elon Musk’s Tesla has given it a new height. Visit to Buy Bitcoin in India #2. Ethereum (ETH) Ethereum’s consistency over the past one year makes it the second most preferred cryptocurrency t
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Top Cryptocurrencies to Trade in 2021

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  With the likes of Elon Musk endorsing and embracing cryptocurrency, the year 2021 is all set to become a milestone for the cryptocurrency trade. If you are wondering what currency to buy and sell, here is a sneak peek of the popular cryptocurrencies comprising insightful and actionable data about their rank, dominance, market worth, and growth. Bitcoin (BTC) Global Rank#1 Out of the total market capitalization of cryptocurrency, 63.80% is dominated by Bitcoin (BTC), and its current value stands at $47,684.24 , circulating supply at 18,623,718 BTC . The circulating supply is the number of bitcoins or any cryptocurrencies that are in the public hands. The credit goes to its exponentially growing asset value. With Bitcoin (BTC) being endorsed by the world’s richest person on the planet, it deserves to be on the top of the list.  The current value of Bitcoin (BTC), market capitalization, and other metrics are shown above. In the below chart, you can see its growth from April 30, 2013 to
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How Does Bitcoin's Price Increase?

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  From USD Zero in January 2014 to USD 37,937 on February 04, 2021 – Bitcoin’s price has increased exponentially, particularly after the worldwide lockdown conditions triggered by COVID-19. See the Bitcoin’s price surge after August 2020.  Leaving behind the few exceptions between November 2018 to February 2019, the growth trend has remained consistent. Its growth remained unaffected due to international factors like the US-China tension and Brexit. Even the Covid-19 pandemic couldn’t slow its growth when the entire economy has come to a standstill due to the freezing of economic activities. Source Let’s observe the key period and factors that influenced its price.  Bitcoin Vs USD 2010 The bitcoin network came into existence on 3 January 2009, when Satoshi Nakamoto, its creator mined the first genesis block of bitcoin (block number 0). It became noticeable in 2010 when the value of a single Bitcoin jumped from around $0.0008 to $0.08. Due to its peer-to-peer network without the need fo
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A Beginner’s Guide to Day Trading Cryptocurrency

  What is Day Trading? Day trading concludes on the same day. Profit or loss – no matter what’s in the store, but the report card comes on the same trading day. It’s similar to a 20-20 cricket match where you don’t have much time to think and plan. In fact, it demands prior planning and strategy making. Sometimes, this strategy is also referred to as intraday trading. The goal of day traders is to use intraday trading strategies to benefit from the intraday price changes of the stock or any other asset. It demands objective decision-making keeping facts and figures on the table. How do Day Traders Make Profit? Before putting their money into this crypto trading instrument, here is what every successful day trader does to ensure maximum profit and minimum risk: Technical Analysis: Day traders learn the market sentiment using descriptive and diagnostic analytics. They perform an analysis of how the market performed in the past, and what caused it to behave like that. Thereafter, keeping
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A Guide to Hedge Using Futures Contract

  Futures trading is itself a hedging exercise that existed since time immemorial. When terms like stock market or similar were in oblivion, buyers used to lock-in the price of an asset by making an advance payment to sellers.  Likewise, sellers with speculation of sluggishness in the future market, tend to make a contract before the produce or asset was ready to be sold. So, in a way both the buyers and sellers want some sort of protection or hedge against an anticipated economic fluctuation. Traditional commodity, stock or crypto – no matter what trading option you bet on, hedging is an important tool against any unexpected fluctuation due to any reason – known or unknown. If you are an investor in the crypto futures market, here are some proven hedging tools that provide not just extra indemnity to your investment, but also help you maximize your profit. These tools are an icing on the cake. Before we talk about the new tools of hedging, it would be imperative to learn the basic con
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What is Futures Trading in Crypto

  The worth of the cryptocurrency market was USD 237.03 billion in 2019 which is up in value from 128.78 billion in 2018. The recent Bitcoin and ETH bull run pushed the market to an ATH of 1 trillion dollars at the time of writing as per Statista. Having said that, most people have taken the market fire as a FoMo moment. But lately, a new world is going abuzz, Futures trading at exchanges. Most exchanges like PCEX Member have planned to adopt the same for giving better leverage to traders. So, if you wish to know futures in crypto, this piece will help you in getting everything that you need to know about it. PCEX Member as a top cryptocurrency exchange in India provides guides and DIYs to crypto enthusiasts and new traders to explore this domain. Futures Trading in Crypto: Definition Futures trading in crypto – as the phrase echoes - is an investment decision ruled by speculation of the crypto asset value at a certain point of time in the future often called as Expiry Date of the F
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