When cryptocurrencies first emerged into the world, those who understood what was happening primarily included those who traded in them, understanding that here was a new commodity that, even if not backed by central banks like official ‘fiat’ money, was still something of value.
Now, of course, cryptocurrency is not just about trading. The fact that an ever-growing array of vendors will accept crypto payments instead of fiat currency, plus the fact that those who possess crypto often want to convert it into fiat currency are the very reasons that the Volta Wallet exists.
Even so, we have never lost sight of the fact that those who hold crypto will almost invariably be highly active traders in it. The Volta Wallet is there to combine all these functions and link together what would otherwise be almost hopelessly disconnected parts of the crypto world.
This means that while giving you means of spending crypto held in your Volta Wallet (especially through the Volta Card), we are just as keen to raise the bar when it comes to making trading easier. This is where our live crypto markets viewer comes in.
Can A Market Viewer Help You Spot The Next Big Thing?
Having a live view of the market available at any time is invaluable for those who want to be flexible about what, how and when they trade. Just as we offer 90,000 possible pairs, so we provide the means of establishing in real time what is going on in the market and where the opportunities for gains lie.
This is important to consider whenever a new cryptocurrency emerges that might make a big impact. Anyone familiar with crypto will be aware of the big names like Bitcoin and Ethereum, but you can also read about the ‘next big thing’.
For example, Inside Bitcoins has reported how NEIRO, Mog Coin, Memebet, Arkham and SPX6900 have all enjoyed recent surges. As the article highlights, all of these have been enjoying gains in value against better-known and more established currencies and are clearly ones to watch.
It may well be that these are the very currencies you should be watching closely through the most up-to-date data provided by our market viewer.
How The Market Viewer Can Help You Spot Danger
However, a headline like “Next Cryptocurrency To Explode” is something that needs to be treated with caution, as any experienced investor will know. While some might indeed send the value of those investing in them soaring skywards like a mushroom cloud, others could just blow up in the faces of those buying them.
We all know about instances of the latter happening; cryptocurrencies that started well and then crashed and burned like BitConnect or OneCoin, which often turned out to be outright Ponzi schemes or fraud, while others, such as VegasCoin, which was aimed at gamblers, flopped for lack of interest. What fails in Vegas burns wallets in Vegas, it seems.
It may be that as the market matures and there is more regulation of crypto in at least some jurisdictions, the next big thing will be more likely to justify the hype and less likely to rinse someone’s bank account or fail due to a lack of support. But even so, those who watch these currencies closely will benefit from having the most up-to-date view of the market.
By having such a means of keeping tabs on everything that is going on, there will be an opportunity for anyone who does invest in these or other rising stars to capitalise on a sudden surge in value, but also to be able to bail out quickly if it looks like the wheels are about to come off.
Using Real-Time Data To Shape Your Strategy
Of course, the shape of your investment strategy is up to you and it is always important to take expert advice and do extensive research before jumping in at the deep end, although all the pairing possibilities and wide overview we can offer of the market do mean there are lots of opportunities to simply dip your toe in instead.
At the same time, crypto investment is not all about taking a punt on what may or may not be the next big thing. It can also be about trades that take advantage of smaller but sufficiently significant rises and falls between more established cryptocurrencies. Alternatively, you may mix up your strategies.
Your approach can be simple or complex, but whether you have a laser focus on the relative value of two established currencies or are casting a broader net across a bunch of promising new currencies that may or may not hit the big time, having all the latest information to hand is essential to help you make the best decisions.