Crypto trading is one of the most common ways of making money on the Internet. Many people join this field and buy cryptocurrency, while others wonder, “Should I buy cryptocurrency?”. In this article, we will discuss crypto trading and list the cheapest crypto assets of 2022.
What is the Sense of Buying Crypto?
Cryptocurrencies are incredibly volatile. Their emission and price are not subject to governments or central banks. Prices follow market laws (trends, investors’ sentiments, global economy, supply, demand, etc.). The high volatility of the crypto market offers great opportunities for earning. In simple terms, the essence of trading is to buy and sell cryptocurrency, speculating on its price.
There are popular strategies used by traders for efficient work. For example, traders can conduct many daily transactions, receive a profit in small portions, and close positions when the day ends. Or a trader can buy and hold crypto for an extended period. Or a trader can open positions on several exchanges simultaneously, profiting from the assets’ price differences on those exchanges. Another crucial thing is choosing an asset for trading.
Picking an Asset for Trading
When a trader picks crypto for trading, one should pay attention to the following characteristics:
- Trade volume
- Market capitalisation
- Partners and early investors of a project
Picking one of the cheapest crypto assets is a good idea, but you should first analyze the project thoroughly and find out if it has a chance to grow in the future.
Here are some cheap cryptos in 2022:
- Tamadoge (TAMA)
- DeFi Coin (DEFC)
- Chiliz (CLZ)
- Decentraland (MANA)
- Cardano (ADA).
We recommend considering only projects with rich technological essence and use cases. For example, Cardano or Decentraland. Anyway, your pick on crypto investment depends on your own analysis, so take it seriously to check the project’s prospects thoroughly.
To buy crypto and trade, go to the WhiteBIT exchange. To learn more about popular crypto coins and promising young assets, check out the White Blog.