What about altcoin price?
When we indulge in cryptocurrencies we have to consider a lot of factors before buying crypto. Because of the volatility of the cryptocurrency market, altcoin price fluctuates within seconds. When I am writing this article, the price of Bitcoin has increased from $47K to $53K within hours. So, you can imagine how unpredictable this crypto market is. For crypto trading, you must keep an eye on price predictions so you can trade effectively and make good profits.
How do crypto prices fluctuate?
There is no central authority that controls cryptocurrency prices. Actually, the prices of crypto are community-driven. When people buy a digital coin more it pumps and when more people sell a coin it dips. Apart from this factor, the crypto market news also influences the prices a lot. Any breaking crypto news can influence the price and it may go up or down. We have seen when Elon Musk announced that now people can buy Tesla with Bitcoin, the price of Bitcoin went up within hours.
How can I know altcoin prices?
Well, this is a question you will be looking for the answer to. If you wanna know the prices, you can check on the exchanges like Binance and Coinbase for live prices or join a Crypto community. In a community, experts share their knowledge as well as price prediction of a coin by analyzing the crypto charts. For this purpose, they use the Trading view which is the best platform for traders.
Why I must join a crypto community?
If you are a newbie, you should get this without adequate knowledge you can trade effectively. So, you should learn the basics by joining a crypto community. The following are the other reasons.
- Can get every crypto-related news instantly
- Investment ideas as well as trading signals
- Price prediction of a crypto coin
- Invaluable knowledge of crypto
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