The cryptocurrency market is now in its downtrend – the demand for digital assets decreases, prices fall. However, we should always remember that the bull trend always replaces the bearish one. So now that crypto rates are low, it is an excellent time to collect worthy coins and hold them long-term.
Picking crypto requires thorough analysis and research. Pay attention to the following characteristics:
- Market cap of cryptocurrency – the higher this indicator, the more stable the asset is; therefore, the higher the prospects for growth.
- Trade volume – shows actual liquidity of crypto assets. The higher the trade volume, the more demand to trade it.
- Technology – if a crypto project has valuable technology, it will be in demand.
Why Should I Buy Crypto?
Here are some reasons to buy digital coins in 2023:
- The next bull trend will possibly occur in 2023, so it is a good idea to invest in crypto now and gain income when prices boost.
- Crypto is a decentralized field; no central authority controls it.
- Crypto investments help protect your savings from inflation.
- Lucrative returns from even a small initial amount.
- Access to startups and innovations.
Where Can You Buy Cryptocurrency?
The best way to buy crypto is through a centralized platform because officially working services are reliable and care about clients’ funds’ safety. An example is WhiteBIT – the most prominent crypto platform registered in Europe with all the necessary licenses and certificates. To start working on WhiteBIT, you should register and pass verification. Then you can use all the trading tools and convert fiat-crypto pairs with no withdrawal limits.
WhiteBIT is a custodial platform, meaning you can store your investments in its wallets. The platform offers crypto charts and advanced trading tools such as futures, margin, etc. To make a passive income, you may give funds in the crypto lending program and receive interest in return.