Where to Check Crypto Price Live?
The cryptocurrency market is incredibly volatile, opening enormous earning opportunities for investors and traders. Crypto price does not depend on central banks – the decision on crypto emission is not on the banks’ part. Cryptocurrency prices live depend largely on supply and demand. It works the same way as with traditional finances – the higher the demand, the higher the price and vice versa.
However, not all digital assets are applicable for trading and investment. There are coins serving for hedging risks – stablecoins. Let’s talk about them.
Stablecoins
If you look at the Coinmarketcap ranking, you will notice that some coins have one dollar price or around that. Those assets are called stablecoins, and here are some of them:
- Tether (USDT)
- TerraUSD (UST)
- USD Coin (USDC).
Such coins are tied to traditional money prices. For example, Tether is tied to the US dollar, and its value is always around one dollar.
Stable assets help to hedge risks. For instance, when the market is dropping, investors may convert their crypto holdings to USDT. Thus, they don’t leave the market and, at the same time, save their investments in the dollar equivalent.
Another use case for stablecoins is money transfers. It is much easier to convert currencies to USDT and send it to any point of the globe in a matter of seconds and at a low fee, rather than use bank services that take a lot of time and charge enormous commissions.
So, stablecoins help make convenient and cheap transfers and hedge risks. Such assets are not for trading.
If you want to buy digital assets and trade crypto, visit the WhiteBIT crypto exchange. It offers over 450 pairs with digital assets and supports conversation with fiat currencies. It is necessary to mention that WhiteBIT is a centralised platform with user registration and verification, so you will access all its features and earning options only if you register and pass KYC.
The platform offers up-to-date cryptocurrency prices live and charts to track and analyze the trend.
