Cryptocurrency price

Check out this overview of the real-time prices from the most popular cryptocurrencies. You’re able to see which coin has increased the most over the last 24 hours, or which coin is now attractive to purchase in the blink of an eye.

The price of bitcoin, ether, or any cryptocurrency for that matter, is based on what one is willing to pay for it. What do you think a single bitcoin is worth? If you estimate the value of bitcoin at 500 euros, you can go to an online cryptocurrency exchange and tell all bitcoin sellers that you are willing to pay 500 euros for one bitcoin.

The first ten minutes you will be laughed at. Then a screenshot is made of your offer and shared on Twitter. You gradually become a meme for all the wrong reasons, until you see your photo displayed at a bus stop in a small village in the Czech Republic with the text: Takto vypadá n00bs.

The point we’re trying to make is this: the price of a cryptocurrency is determined by supply and demand. If buyers and sellers are both happy with a certain price, then that price is the current price. Is the number of buyers increasing? Or are the orders getting bigger? Then there’s more demand for cryptocurrency, which will cause the price to rise.

You can purchase and sell cryptocurrencies 24/7, 365 days a year. Not just you by the way, everyone in the world can trade whenever suits them best. Millions of buyers and sellers are active at every hour of the day and this influences the price constantly.

When prices rapidly move up or down, that is called volatility. Volatility arises because traders, investors, and other parties are constantly speculating by taking a position on the price. The higher the trading volume, the lower the chance of volatility. To put things in perspective: the daily trading volume of stocks is 250 times higher than the daily trading volume on the cryptocurrency market. That’s what makes cryptocurrency prices a lot more volatile.

But volatility also provides opportunities. Keep your eye on the price developments, peaks and lows, and manage to purchase your coins at the right spot.

Our various price pages will be of great help in this. They include historical price overviews and interactive price graphs. Do you see a pattern? Does the price of a cryptocurrency always go up if it has reached a certain value? Then take advantage of this by learning from the past.

We compared the world of crypto to the stock market before, but aside from the daily trading volume there is another important difference.

Over 99 percent of cryptocurrency trading is done on online exchanges. These exchanges don’t close, which means that the cryptocurrency market doesn’t have an open or closing price like the stock market does. Cryptocurrencies can be traded 24 hours a day, 7 days a week.

Our tips: do your own research. Find out what team is behind a certain coin, what the trading volume is, and how the roadmap looks. Determine at what price point you want to purchase and think about when you want to sell again. The most important thing: stick to your plan.