The market of digital assets is still evolving despite a sharp drop in the spring of 2022. As of November 2022, the market prices seem to be stable, but after the FTX exchange bankruptcy, the rates again moved down. We should not forget that the crypto market is cyclic and always lives through bear and bull market trends.
Trading is one of the most popular ways to make money from crypto. Trading in cryptocurrency is the process of receiving income from assets prices fluctuations based on different trading strategies. They can be daily strategies that mean a trader enters and exits the market within one day, long-term investment implying holding crypto assets for weeks or months, or something between like swing trading, etc.
The crucial thing in cryptocurrencies trading is to pick a strategy and adhere to it. Another important thing is to pick a good asset for trading.
The Best Crypto Assets to Trade
To pick a coin for trading, we pay attention to its price, trade volume, market capitalisation, and overall news about the asset, its founders, roadmap, and other factors, so the best coins to consider:
• Ripple XRP
All these assets are traded on popular crypto exchanges such as Binance, WhiteBIT, Coinbase, Huobi and others.
If you are a beginner trader and want to trade crypto, you may do it on the WhiteBIT or Coinbase exchanges. They offer a demo trading account with demo tokens, so you can try different strategies without fear. Demo trading allows you to find gaps in your knowledge and see how to act in different market situations. It also helps to find which trading strategy suits you the best.
On the demo account, you will learn the exchange interface thoroughly and understand how its tools work.