If you are a beginner trader, you’re always curious about when and where to sell crypto, and what assets to purchase instead. Understanding the best timing for trades comes after research on crypto rates and their dynamics. So in this article, we will discuss the importance of tracking crypto rates and how it can help buy and sell crypto currency with a profit.
It is crucial for individuals and traders engaged in the crypto market to keep a close eye on crypto exchange rates. Due to frequent changes in the dynamic of the market, it is essential to stay updated on the latest price movements in real time.
Digital asset prices are highly volatile. Within short periods, they can experience rapid and significant fluctuations. It's important to stay informed about live price data for several reasons. By analyzing trends, identifying patterns, and gauging market sentiment, individuals can determine the best time to buy and sell crypto currency.
Tracking crypto price movements is also important for managing portfolios. If you have different types of cryptos, it's essential to monitor their performance. By tracking the prices in real time, you can determine the value of your portfolios, calculate profits or losses, and make necessary adjustments. Having an accurate understanding of your holdings enables you to rebalance them, optimize your approach, and align your investments with your goals.
Tracking the prices is also important for short-term traders or day traders. They depend on real-time value changes to execute timely trades. Monitoring prices allow traders to spot advantageous entry and exit points where they buy and sell cryptocurrency, keep an eye on trading volumes, and find earning opportunities in this highly unstable market.
Where to Track Crypto Rates?
To access live crypto price data, you can use these resources:
CoinMarketCap - offers up-to-date data on market cap, trading volume, charts, and other crucial metrics for thousands of digital coins.
CoinGecko - a lot of valuable data about the market, such as price charts, trading volume, cap, and other valuable metrics. You can also use CoinGecko to keep track of your portfolio and learn more about the industry.
WhiteBIT- A well-known trading platform that provides all the needed data for trades, such as live price charts, trade volume, cap, etc. It also offers a convenient calculator to estimate income from different trading pairs. If you are searching for a good website where to sell crypto or acquire it, use WhiteBIT.
TradingView - used for charting and analysis of various financial markets, including cryptos. It provides up-to-date pricing information, advanced charting features, indicators, and the option to design personalized strategies.
You can use the provided tools and resources to access real-time rates, historical charts, and other information that can help you stay informed. Visit the WhiteBIT blog to learn how to purchase cryptocurrency using the exchange’s calculator and charts.