ECN broker CryptoRocket is offering its users the opportunity to trade 34 cryptocurrencies on its award-winning MT4 platform, including BTC/USD, ETH/BTC, XRP/USD and much more.
February 24, 2020 | AtoZ Markets – Cryptocurrency is growing ever more present in our day to day lives. Bitcoin core is now a household name. Like it or loathe it, BTC sets the tongues wagging of even the most pessimistic commentators of the digital asset.
Early investors into Cryptocurrencies have certainly reaped the rewards in recent years. Obviously, the prices of digital assets have continued to rise as their popularity grows. Having the means to send money globally from person to person without the interruptions of any 3rd parties, such as banks, has a massive appeal factor.
The benefits of using Cryptocurrencies continue to become more apparent. Users can send and receive funds within minutes to all corners of the planet. The only thing the user needs is an internet connection. Let’s take a look at the ‘big 3’ Cryptos and some core facts from their marketplace performance over the years.
Top 3 biggest cryptocurrencies and their historical performance
At number one in the CoinMarketCap standings is the original Crypto that started it all: Bitcoin or BTC. Early investors will have reaped the rewards from a mammoth 7,043.37% return of investment. BTC current price is $9,664.98 USD and reached an all-time high of $20,089.00
Also, at number 2 is Ethereum or ETH. ETH peaked at an ATH of $1,432.88 in January 2018 and now trades at $260.15 per unit. Early investors bought the coin at its lowest for $0.42. Very shrewd business to say the least if you were lucky enough to pick up in ETH’s infancy.
Moreover, at number 3 in the market, rank is Ripple or XRP. Currently trading at $0.27, Ripple reached an all-time high of $3.84 in January 2018 with early investors enjoying a 4,559.33% ROI.
Numbers do not lie and we can see from the above figures that early investors who held onto their coins from the beginning have benefited massively from upward market movements.
Why you should be trading cryptos with CrptoRocket?
How can you make further profits on your investments without simply holding? More importantly, how can you benefit from a downward market movement? The answer lies with trading Cryptocurrencies.
Nowadays there is an array of online brokers that facilitate trading on a range of instruments including Cryptocurrencies. Just like traditional Forex/Fiat currency trading, traders can now speculate on the price movements of a wide range of Cryptocurrency pairs.
New STP/ECN broker CryptoRocket offers its users trading on 34 Cryptocurrencies including BTC/USD, ETH/BTC, XRP/USD and much more backing into the award-winning MT4 platform.
Trading with leverage enables traders to open larger positions with a smaller initial investment allowing traders to magnify profits without so much capital.
There are online brokers such as CryptoRocket which operate on a vault system for storing client funds. There are 4 Vaults available that users can deposit in USD, GBP, EUR and BIT’s. Should a trader wish to protect their investment, they can deposit into a Fiat currency vault ensuring that the amount deposited will not fluctuate. The value is locked in.
Should a trader deposit into their BIT vault, that value will be subject to BTC price fluctuation. This is a massive bonus for having instant access to tradeable liquidity but also for the FOMO people out there, they will not miss out on any BTC price increase as the Vault is measured in BITs.
Traders who are expecting their favorite Crypto’s to increase in value can open a long position on their chosen instruments. Traders expecting the value of a Cryptocurrency to depreciate should open a sell position or ‘go short’.
Thanks to high leveraged trading platforms like the aforementioned, we can see that there is a range of options to boost earning potential with Cryptocurrencies without simply holding. The good news is that traders now have a variety of options to capitalize on market price fluctuations.
Don’t delay and join the Crypto trading revolution today!
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investment objectives and level of experience, before trading, and if necessary seek independent advice.