Cryptocurrencies are digital assets that exist in a decentralized system and are mainly used for investment and trading. Today, over 20 000 digital assets are in the market, and over 526 crypto exchanges are operating on the Internet. The total capitalization of the crypto market exceeds $900 billion. So it may be challenging to choose the right crypto asset for investment. This article will help you with it.
What Crypto to Buy Now?
There are some factors to look for when picking a digital asset for investments:
- Live crypto market price and charts. Track how the asset’s rate changed and what was the highest and the lowest indicator.
- Market cap. The higher this indicator is, the more stable the asset and the less volatile it will be amid market fluctuations.
- Whitepaper. Read the project’s whitepaper carefully and see what it looks like. It must be written correctly, sound realistic, and contain real use cases and applications for the project and its assets.
- Real use cases. The more real application cases it has, the higher the project’s adoption, so the higher it is valued.
- Supply and the number of coins in circulation. The lower the supply, the bigger the demand for assets and vice versa – when supply is unlimited, there is no agiotage around the coin.
- Reputation of the project developers and their past achievements.
- Social networks and community. If the project is serious, there must be social network activity and communication with the community.
Looking at the list of requirements, you can evaluate every project and find a good cryptocurrency to buy now.
Where to Buy Assets?
Once you decide on the asset to buy, you need a reliable cryptocurrency exchange. An example can be the WhiteBIT platform with official registration and compliance with all the regulations in this field. WhiteBIT has an intuitive interface and options for advanced and novice users, a convenient crypto wallet, and an application to trade using a smartphone.
Check out the WhiteBIT website and blog to learn more about its features and earning opportunities.