Top 5 Cryptocurrencies Worth Your Attention In 2021

“Bitcoin (bitcomp) and Ether (ETH-X) are the crypto market classics – their price charts are smoothed out by the large number of people trading them, and if this were the stock market, these would essentially be the blue chip stocks,” Mazur concludes. “It’s unlikely that any tokens will challenge Bitcoin or Ether for the top spot in the foreseeable future.”

According to Mazur, traders come to the crypto market to have the chance to jump on huge shifts and turn a profit on altcoins’ volatility. “Our stats show that traders are more inclined to long rather than to short, even though the platform allows them to take advantage of price movements in either direction,” he explains. “However, those who know how to work with dropping prices typically make relatively larger profits.” He also notes that traders on CEX.IO Broker trade in contracts for difference rather than the assets themselves, which allows them to take advantage of the price fluctuations without owning the assets themselves. To choose the right moment to open or close a position, they use the advanced set of technical analysis tools. The ability to open several accounts at once on the platform offers new opportunities for evaluating how effective different strategies are.

 

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