The Cryptocurrency market is constantly growing, offering traders and investors more opportunities to benefit from price volatility. Although recently Crypto has been experiencing a period of consolidation, signs point to promising growth towards the end of 2024. With various coins currently trending in the market, how can traders take advantage?
PrimeXBT, a leading online Crypto & CFD broker offers traders several ways to capitalise on the Crypto market. These include the ability to buy and hold popular Crypto like Bitcoin, as well as the ability to trade derivatives like Contracts for Difference (CFDs) and Futures on a wide range of digital currencies.
This article will cover the top 4 Cryptocurrencies trending currently, and how traders can take advantage using the various products and services PrimeXBT provides.
Bitcoin (BTC): The Original Crypto Still Leading the Pack
As the first Cryptocurrency, the market has always looked to Bitcoin’s performance as a sign of the overall health of digital currencies. Naturally, this sees Bitcoin constantly in the headlines, as trends for the coin can often impact on the rest of the market. Having fallen in price since its last halving in April 2024, Bitcoin has been in consolidation recently, with analysts predicting a possible breakout soon leading to new highs by the end of the year.
Solana (SOL): A Fast & Cost-effective Blockchain Solution
Most recently, Solana has been struggling, with its price declining most among top Cryptocurrencies. Despite this, it is a popular platform for decentralised finance (DeFi) and the creation of dApps due to its fast and cost-effective blockchain solution. This popularity and its overall utility as a Crypto give Solana the potential for a strong comeback towards the end of the year, keeping it in focus.
Cardano (ADA): On the Road to Full Decentralisation
Cardano is about to go through its most significant upgrade ever. Known as the Chang hard fork, this update is focused on enhancing decentralised governance. This would allow all Cardano holders to be more directly involved in decisions about the future of the network. Seen as an important step on the road to full decentralisation, there’s been a marked increase in ADA investment of late, which could be seen as bullish for the coin.
Dogecoin (DOGE): The Ultimate Meme Coin
Although Dogecoin started as a joke in 2013, it has built a cult following in the market due to its meme status propelling it to popularity. This unique positioning means that Dogecoin is often trending, driven by community support and mentions from high-profile people, helping maintain its relevance in the Crypto market. Unlike many other Cryptocurrencies, however, there’s no supply cap for Dogecoin. This could lead to drops in price as the number of available coins goes up.
Capitalise on Crypto Whichever Way it’s Trending
PrimeXBT provides traders with many ways to capitalise on the current trends in the Cryptocurrency market. They can buy and hold popular coins like Bitcoin in their PrimeXBT wallet, or trade a large number of coins including Solana, Cardano, and Dogecoin with derivatives like CFDs and Futures.
Traders can use leverage of up to 200:1 on both Crypto CFDs and Crypto Futures, meaning they can start trading with a smaller initial investment. PrimeXBT also offers highly competitive trading fees, starting as low as 0.05% on Crypto CFDs and 0.01% on Crypto Futures. In addition, the broker’s innovative all-in-one platform includes Copy Trading, allowing traders to follow experts’ strategies.
Outside of Crypto, clients can also diversify their portfolio with CFDs on Forex, Indices, and Commodities. PrimeXBT charges zero trading fees on all non-Crypto CFDs and offers leverage of up to 1000:1.
Conclusion: Don’t Miss Out on Crypto Opportunities
With more traders and new coins added to the Crypto market constantly, there are always opportunities to take advantage of. With a broker like PrimeXBT, traders can feel confident they have the tools they need to capitalise on Cryptocurrency price movements, no matter what direction the trend is in. With options to buy and hold, trade Crypto CFDs or Crypto Futures, and even Copy Trading, the broker provides suitable experiences for any kind of trader.
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Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. Virtual assets are inherently volatile and subject to significant value fluctuations, which could result in substantial gains or losses. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. PrimeXBT does not accept clients from Restricted Jurisdictions as indicated in our website.
