Cryptocurrency prices

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Cryptocurrency prices

Presentation and explanations about the graph:

The prices of cryptocurrencies displayed on the table above are updated in real time in order to allow you to follow the fluctuations and the opportunities of this market. This table shows all the virtual currencies that you can buy or sell on the Union Btc trading site.

Notice that unlike other traditional stock markets, there are no opening or close times for the digital currencies. That’s how the price of the Bitcoin, for example, fluctuates 24 hours a day, 7 days a week, and 365 days per year.

FAQ about the price of cryptocurrencies

How is the price of crypto currencies set?

Like all the traditional currencies, the price of cryptocurrencies varies according to supply and demand. In other words, according to the price that buyers are willing to pay for it. However the value and price movements of cryptocurrencies differs from one project to the other.

How does a cryptocurrency increase in value?

That depends on several factors. First of all, it varies depending on the degree of trust the investors and the business community have in that specific cryptocurrency.

Then, the level of use of a digital currency in the real economy will have an impact on the value of said virtual currency. The more, it is used as a payment method, the more it inspires trust and therefore its value will increase.

Today, some cryptocurrencies remain low. However, since they hold promise on the long term, it is the ideal moment to invest in them. For more information, do not hesitate to contact our specialists.

Are cryptocurrencies a good investment?

Yes! In fact, recent declarations by Elon Musk, CEO of Tesla, point in this direction.

Let’s take the example of Bitcoin: All specialists agree that it should reach the $100 000 by the end of 2021. By projecting ourselves on the long term, when there will not be any more bitcoins available, the price of this currency could exceed $ 1 million.

On the other hand, the high volatility of certain cryptocurrencies allow investors or individuals to generate significant capital gains every day in just a few clicks.

Whether it is on the short or on the long term, certain cryptocurrencies are the most attractive investment at the moment. For more information, do not hesitate to contact our specialist.

How many cryptocurrencies are there?

Today, there are nearly 3, 000 virtual currencies, but that is not the most interesting. Out of all of them, only about ten digital currencies can qualify as popular cryptocurrencies. Among these we find Bitcoin, Ethereum, Ripple, the Litecoin etc.

However, new cryptocurrencies can emerge and challenge the players of the sector. The last ones represent real opportunities for huge gains. For more information, do not hesitate to contact our specialists.

Why is the cryptocurrency system described as safe?

Cryptocurrencies are based on a secure blockchain system. It is a safe technology of storage and data transmission which operates without a central organ. The amount of calculations required to circumvent the blockchain makes it  almost impossible to hack.

What to do in case the prices fall?

The analysis of the price of the most popular cryptocurrencies shows that the market ends up rebounding sooner or later. So, the least stressful solution to take is not doing anything. Once again, if you invest in a cryptocurrency in which you believe, a minor fluctuation should cool you off. For more information, do not hesitate to contact our specialists.