Cryptocurrencies are digital assets that have no physical form but possess the same features and application. For example, you can buy services, programs, and goods on the Internet with crypto.
You can also purchase real-life objects like real estate, yachts, etc., paying with crypto. It can also be used for investment in up-and-coming crypto projects and trading. Thus, it appears that digital assets have sufficient application scope.
Now we witness numerous new crypto projects emerging in the market: NFTs, metaverses, blockchain games, DeFi projects, etc., that offer their tokens and coins. Still, BTC remains the best cryptocurrency on all crypto rankings. Today the BTC EUR pair is traded at $21,524.
To track the dynamics of the BTC rate, you can check out cryptocurrency charts. Experienced investors build their trading strategies based on market trends, and crypto charts help them investigate how this or that asset behaves during market fluctuations. It helps predict further price movements and make the right decision on opening or closing positions in trading. Charting cryptocurrency is presented in different forms and colours, opening access to the following data:
- the up-to-date price;
- the biggest and smallest price in the last 24 hours;
- rates fluctuations introduced in candlesticks;
- trade volume for the last day;
A user sets the timeframe one wishes to learn closely and receives the chart for this timeframe.
Cryptocurrency Coin VS Token
Ethereum (ETH), Solana (SOL), Bitcoin (BTC), Bitcoin Cash (BCH), and Polkadot (DOT) – are classified as coins. They are native assets of blockchains of the same name. SushiSwap (SUSHI), UniSwap (UNI), and Sandbox (SAND) are tokens. They were engineered based on the Ethereum blockchain; that is, they don’t have their native network.
However, when selecting the best cryptocurrency, you should not focus on how it is classified. Better assess the project’s essence, uniqueness, usefulness and prospects, partnerships, roadmap, and reputation.
