How to Stay Up to Date in the Crypto World
It’s tough to keep up with the crypto world. It’s constantly evolving, new coins are being added every day, and tokens that have been dead for years suddenly have a resurgence in popularity. With so much going on in this space, it can be difficult to know what to pay attention to and when. But don’t worry: we’ve put together some tips to help you stay up-to-date on everything happening in the crypto world.
Pay attention to the chart patterns of the big players.
The top coins are the ones that have consistently demonstrated strong price movements and high volume levels. Their charts also have patterns that can be predicted and used to make profits.
If you want to stay up-to-date with crypto trading, an excellent place to start is by tracking the daily price movement of major coins like Bitcoin, Ethereum, or Solana.
Having a platform like FTX will allow you to do this in real-time by connecting directly with your exchanges via API keys so that when there’s an opportunity to buy at a low price or sell at a high price based on chart patterns, it’s easy for you to take advantage of them!
Keep a pulse on the trading volume, especially when news breaks
Volume is a crucial indicator of interest in a coin. The more people want to buy or sell it, the more volume there will be. A high level of activity means plenty of interest in the coin, which can help it increase in value over time. If you’re looking for coins that are gaining traction and generating lots of discussions online, volume is one way to identify which might be worthwhile investments.
Market cap (or market capitalization)
Market cap refers to how much money has been invested into all available coins for a particular cryptocurrency at any given moment. It’s calculated by multiplying the current price per unit by all available supply. This means that the number of tokens in circulation determines the Ether, Bitcoin, or Solana price at any moment. Market cap is a vital stat regarding speculation within the crypto space.
Watch for announcements from the SEC
If you want to stay up to date in the crypto world, it’s essential to keep an eye on announcements from the SEC. The U.S. Securities and Exchange Commission is responsible for regulating the securities industry and protecting investors from fraud, so when they make announcements about cryptocurrency exchanges or initial coin offerings (ICOs), it can significantly impact the crypto markets.
In March 2018, for example, the SEC issued a statement saying that some ICOs may be considered securities under federal law. This announcement was a boon for institutional investors who wanted clarity about how these offerings would be treated by regulators moving forward; it also sent prices plummeting across crypto markets as people feared that any new tokens might face heavy restrictions or outright bans.
Follow major traders on social media
As a trader, you should follow the traders you trust and believe in. For example, if someone has a track record of making money for their followers and themselves, it would make sense to follow them. You should also follow the traders that are right at predicting price movements in crypto markets.
It’s essential not just to follow people and groups with good track records but also those who are trustworthy because there’s always going to be some risk involved when trading cryptocurrencies or any other asset class.
The crypto market is constantly changing, and keeping up with it can be challenging. But if you take the time to learn how to read charts and follow news sources, you can avoid making costly mistakes.