Ethereum is a very active asset right now. The high volatility of this cryptocurrency offers more opportunities for lucrative trades. Last week, ETH rose above $ 200 with an intraday gain of 3.5% after Saturday’s half-day break. The uptrend continues, but it seems to be having a hard time breaking the $ 215 resistance. As of the writing of this article, it is traded at $ 201.
Ethereum (the second largest cryptocurrency) has outperformed the king of cryptos since the beginning of the year, while attracting all the attention on bitcoin half-split. ETHUSD made a significant gain of 56% by trading at $ 129 on January 1, compared to BTCUSD’s 38% price increase after $ 7150 in the same period.
This volatility of Ethereum can be a great option to diversify your investment portfolio. By trading online ETHUSD contracts, you can easily access this hot asset. You can buy and sell contracts accordingly by speculating about ETH’s price fluctuations against the USD. Because you benefit from price movements, you win in both a rising and falling market.
With ETHUSD contracts, you can trade using leverage, so you can borrow funds for trading in larger positions. For example, if you buy $ 10 worth of ETHUSD traded at 100x, you can open a $ 1000 position.
PrimeBit is a cryptocurrency trading platform where you can trade with Fair Price marking and up to 200 times leveraged, indefinite contracts (without limiting your earnings).
In PrimeBit, which is the best way to trade with cryptocurrencies fairly, you can buy and sell ETHUSD contracts that are not overdue by using external criteria for stop-loss and stop-offs with fixed point value and fair price marking. With the leverage of up to 200 times, you have the opportunity to earn more by doing ETHUSD transactions.
PrimeBit WebTrader is easy to use and accessible. You can trade ETHUSD contracts and other crypto currency pairs 24/7 using your computer or mobile devices. Everything you need is at your fingertips: Basic and advanced analytics charts and tools will help you decide for a good trade. Use the panels to show or hide the data you want. Also, MetaTrader 5 is available in desktop and web versions.
You can use the free demo account after registration to minimize the risks. You can use demo funds to test live market data, so you can see how the first-hand trading process works before you start using the live account.
It is possible to win even without trading on PrimeBit. You can earn rewards by inviting your friends to use the platform. In addition to having a revenue sharing of up to 20%, new users you invite will receive a 10% discount on the buyer commission for 6 months.
Create a free account to browse other opportunities on PrimeBit and start trading on the cryptocurrency exchange!