How to Pick Tradable Cryptocurrencies?

Baca Juga

A cryptocurrency is a digital form of money that has no physical representation but functions online. Crypto assets have the same applications as traditional money, but the difference is that crypto is not that widely adopted. 

However, many online stores, restaurants, booking companies, travel firms, etc., already accept crypto as a payment method.

Crypto solves some problems of traditional finances:

• Slow and expensive cross-border money transfers;
• Intermediaries in bank system;
• Lack of access to bank services for millions of people.

What is cryptocurrency used for? Digital assets are actively used for investment and trading. Since their emission does not depend on central banks, crypto lives by the law of supply and demand. It is still an emerging industry, so it is very fragile and reacts to market fluctuations. 

For example, news backgrounds, political changes in the world, inflation and crisis can shake the market. At the same time, a post from a famous person on Twitter can make crypto assets skyrocket.

What Crypto to Buy?

Understanding how the market functions and what affects it is the basis for successful crypto trading. To pick tradable cryptocurrencies, traders do the following types of research:

• technical analysis;
• fundamental analysis;
• quantitative analysis.

We came up with ten of the most traded crypto assets:

1. BTC
2. ETH
3. XRP
4. USDTBNB
5. USD COin
6. Binance USD
7. Dogecoin
8. SOL
9. ADA.

What is WBT?

WhiteBIT token was released by the popular crypto exchange - WhiteBIT. Large crypto platforms release their native currencies to make transactions easier and add bonuses and advantages to their clients. 

Thus, traders that use the WhiteBIT exchange daily can buy WBT and enjoy its benefits, such as lower fees or even zero fees for some trades, staking, and access to additional financial instruments. 

WBT has become one of the most tradable cryptocurrencies over a short period of time. Its price grew from its release to $14 in October 2022, then dropped together with the entire market, but having such benefits, the token will definitely grow in value in the future.