Market today: -2.70%
Cryptocurrencies are a unique investment target for many reasons. One of the most attractive factors for investors is the volatility of cryptocurrencies, which is unparalleled. In other words, cryptocurrency prices may fluctuate by many hundred percent in just one day, allowing for effective speculation between bid and ask prices. Similarly, high volatility, especially in lesser-known cryptocurrencies, may also cause problems in the long run. This risk is eliminated when investments are made in well-known cryptocurrencies with a high market value, the base price of which is mostly stabilized.
Already at this point, we want to warn against scams in cryptocurrencies related to ICO listings. Many of the new cryptocurrencies may just be a marketing ploy where currency creators are simply meant to take the money into their own pockets. This phenomenon was recently seen in the Squid-Game cryptocurrency, which rose thousands of percent in one day, but in the end, no one was buying a coin that rose in value. Investors made significant losses when investing in this particular currency.
In our guides, you’ll find more details on how to avoid pitfalls in cryptocurrency, but quickly: it’s a good idea to check your project backgrounds and learn what technology that currency uses. At the same time, conclusions can be drawn as to what this currency can actually be used for. If it has no uses, it is likely to decline in value as market enthusiasm diminishes.
The price of cryptocurrencies is affected by many factors, but the most significant of these is supply and demand. That is, the price is determined by the market according to what investors are willing to pay for the currency and, correspondingly, what price the owners of the currency are willing to give it up. In addition to supply and demand, the availability of cryptocurrencies also affects the price, ie how much of that currency can be obtained. Many currencies have limited their availability, leaving them in the world indefinitely. For example, only 21 million copies of Bitcoin are available.
The price and price may also be affected by strong marketing gimmicks on various social media channels or even individual Elon Musk Tweets. Therefore, you need to be very careful with cryptocurrencies, especially if you are investing in smaller projects whose value has not yet stabilized.
It is entirely possible for an investor to make a multiple return on invested capital in just a few days, but as with any other investment, in a cryptographic investment, the return and risk go hand in hand. Steadier, more secure investments are in the market's top 5 currencies, such as Bitcoin, Ethereu, Tether, whose exchange rate is starting to be fairly stable. But more risky items are new entrants from the listing, whose value is only measured in fractions of cents.
Our website maintains Finland's largest cryptocurrency database, which contains all cryptocurrencies, including the new cryptocurrencies. For each of these, we have created our own pages where you can read more information about that currency and at the same time see the real-time exchange rate and price history. This will allow you to make more effective investment decisions.
Utilizing data that already exists in investing, combined with your own vision, provides a good starting point for successful investment activities. We know that many Finns would like to invest in virtual currencies, but do not know where to start because they do not stay to understand the big picture. Our site allows anyone to start investing in cryptocurrencies even today!
The information on this site is automatically updated every few minutes. The site lists the world's top 100 cryptocurrencies in terms of market capitalization. Price information is automatically updated in real time using modern technology. This way, you can always take a look at what investments could be available today.
An easy way to track rates is to bookmark our site on your browser or mobile device, so you can take a look at what cryptocurrency rates look like today at any time. Also recommend the site to your friends if you think that you also benefited from our service.