Bitcoin, who hasn’t heard of it? Most of you probably do and some of you may be trading Cryptos as well. However, Bitcoin is not the only crypto currency because there are more than 8000 crypto coins! However, many of these coins have only a very small value and are therefore hardly traded. Popular cryptos in addition to Bitcoin that are heavily traded daily are, for example, Ethereum, Litecoin, Polkadot, Dogecoin and Binance Coin (BNB). Trading these cryptos is done on-line with exchanges such as Binance and Cryto.com

What are the latest trends in the Crypto world? This question is a little more difficult to answer because this market is now so immense and extremely popular that every expert has his own opinion.

There are, however, trend lines to be recognized that most who know about it go along with it. For example, many agree that Bitcoin will one day cross the USD 100,000 mark and most major Coins will benefit from this. So if you want to start trading in Cryptos, realize that this is a long-term strategy.

If you want to trade yourself or are you already trading, there are a few things you should take into account.

First, the volatility. There is still a lot of uncertainty in the United States about the tax that has to be paid on the profits made for trading Cryptos and this has caused a dip in early January, a so-called ‘bear’ market, a downward trend and therefore a lot of loss.

In addition, the Central Bank in the United States has not yet taken a decision on how to deal with the high inflation that has now exceeded 7%. This is reason for investors to be careful with their Crypto portfolio.

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If the trend is optimistic and the demand for cryptos is growing, there is a chance of a ‘bull’ market. Prices will skyrocket.

A nice tidbit about how the terms ‘bear’ and ‘bull’ originated? A bear grabs its prey with its claws down and a bull grabs its prey with its horns up. In other words, a downtrend or an uptrend.

Closure

To conclude, the trend is that Crypto is here to stay and many more people will start investing in Crypto. Both private and investment funds and even banks.

Source: Plato Data Intelligence: PlatoData.io