The most popular coins you can trade with Gunbot based on their exchange presence and good liquidity so you can buy and sell fast.
Unless you’ve been under a rock, you should have heard about cryptocurrency, but just in case 🙂 Here’s a refresher…
Cryptocurrencies are digital, international, decentralized currencies that operate separately from a country’s official national currency. They are also independent of an individual nation’s central banking system, so their worth is not tied to government or economy.
Some cryptocurrencies (like Bitcoin) have established themselves as the de-facto currency on the dark web because they offer anonymity for transactions. They also offer a level of security and control that traditional banks can’t match. No one can freeze your account because it doesn’t exist in anyone else’s hands!
Plus, cryptocurrencies are much easier to manage online than through banks due to their digital nature; just set up your cryptocurrency wallet and you’re all set.
But before we jump in, let me make clear that this is not trading advice; you should do your own due diligence before you choose a coin to trade, and lastly, please understand that trading is a game of probabilities that includes risk, so do not play with your rent money…
With all that in mind, let’s discuss the top 5 cryptocurrencies you can choose to Trade with Gunbot.
1-Bitcoin (BTC)
The first and most popular cryptocurrency is Bitcoin.
Bitcoin is a decentralized digital currency formed in 2009 by an unknown person under the name Satoshi Nakamoto. The inventor’s true identity is still debated, but it’s now more widely accepted that there was no single creator.
Instead, Bitcoin was created by a group of developers who designed the system using open source code from other cryptocurrency platforms combined with unique features to create something new and innovative.
Bitcoin has grown tremendously since its inception, with millions of dollars in transactions every day and significant increases in price over time as well as large fluctuations in value.
It is accepted by thousands of companies and individuals worldwide, and its popularity has only grown since it was first introduced. You can buy things with it online and in some stores, exchange it for other currencies, or earn money by “mining” for more bitcoins.
Why do people trade Bitcoin?
Because it is the first and most popular cryptocurrency on the market, Bitcoin has many exposures. As a result, it’s known to many people as the “gold” of cryptocurrencies and is considered extremely safe because there’s no physical way to steal or damage it.
All of this makes Bitcoin an excellent investment opportunity, especially for traders who want exposure to cryptocurrency markets but also want to hold onto their money.
Trade BTC with Gunbot
This is the easiest crypto to trade because there is virtually no crypto exchange that doesn’t offer a Bitcoin market, so all you got to do is add any BTC pair to your Gunbot Strategy, and you’re good to go.
2-Ethereum (ETH)
Ethereum is not just a cryptocurrency. It’s a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference.
Vitalik Buterin invented Ethereum in 2013, and it quickly gained a huge following, then it was forked to create Ethereum Classic.
With the creation of Ethereum, the crypto space evolved to a whole new level. It is now being used by developers worldwide because of its capabilities to move money and trade assets using “smart contracts,” which are basically custom-built apps called dApps based on blockchain technology instead of using banks and other institutions.
Ethereum allows for many different applications to be created on top of the blockchain and the cryptographically secure contracts that run on it; this leads to many possible uses that can be used.
However, there are still some problems with Ethereum, but we hope for ETH 2.0 to be the savior.
Its popular Decentralized Applications (dApps), CryptoKitties and EtherDelta, have been criticized for slowing down the entire network and causing many issues.
Besides, while these dApps are very useful and innovative, they can be pretty expensive to run and are not financially feasible for small companies or individuals.
Why do people trade Ethereum?
Ethereum has a lot of benefits that make it appealing to traders and investors. It has majorly proven itself a safe way to trade cryptocurrencies, so people use it widely to store their money safely and keep their funds secure.
It is also used on exchanges, which you’ll get more info soon… Ethereum is one of the biggest cryptocurrencies globally, but it is also one of the most volatile ones. Its price has fluctuated significantly over time.
Trade Ethereum with Gunbot.
ETH is another chosen coin again for its presence on almost all exchanges and, obviously, its liquidity; remember, all you got to do is “Add New Pair” in your Gunbot GUI, and you’re ready to rock.
3-Ripple (XRP)
Ripple is a real-time global settlement network that offers instant, low-cost international payments. Ripple “enables banks to settle cross-border payments in real-time, with end-to-end transparency, and at lower costs.” Released in 2012, Ripple currency has a market capitalization of $1.26 billion.
Ripple’s distributed financial technology allows for a seamless process where transactions happen in almost real-time. The network is built on an “open source Internet protocol,” but it’s not actually open source because only the Ripple company holds the full code.
However, Ripple is open source to anyone who wants to build on top of it as all of the code is published online for developers to see and use according to their needs. Ripple has gained widespread acceptance from major institutions like American Express, Western Union, RBC Capital Markets, and Santander.
Ripple is currently the third-largest cryptocurrency in the world by price, after Bitcoin and Ethereum. Ripple created its XRP tokens all at once in 2013, and their supply is fixed. However, Ripple itself cannot say the same as it is constantly being built and improved upon by Ripple Labs.
They created a platform where banks can make global transactions using only Ripple’s XRP currency. This allows for faster transaction speeds and lowers fees because there are no middlemen to slow down the process or ask for outrageous fees. Besides, Ripple is also utilized by many companies as a method of payment for their products or services.
Why do people trade Ripple?
Ripple is a highly volatile cryptocurrency, and it’s easy to see why. Because it has been released and used by major companies, including Western Union and Bank of America, Ripple has proven itself an excellent way to make money transfers easier.
Businesses naturally want ease in transactions, so this highly volatile cryptocurrency gets easy approval.
It also has much lower fees than comparable cryptocurrencies like Bitcoin, making it very appealing to trade.
Trade XRP with Gunbot
Didn’t XRP had some drama lately (or still has)? Why trade XRP? Well, precisely that is what I want you to capitalize on!
I was hoping you could take advantage of all the swings that the drama brings; notice I’m not telling you to HODL XRP nor any other coin; what I’m telling you is to profit from the price fluctuation.
So add any XRP pair (with high liquidity) to your Gunbot strategy and fire it up!
4- Monero (XRP)
Monero is a cryptocurrency that focuses on privacy and security, being the most secure cryptocurrency to date.
It uses a public ledger to record all transactions made with the currency, which means that every transaction made with it is external and untraceable. It also has “ring signatures” for even greater anonymity.
Other than this, there’s not much else in terms of the technology behind it; Monero doesn’t use specialized mining hardware or have complicated algorithms that require knowledge of cryptography.
Instead, it uses Proof-of-Work (PoW) to verify transactions and blockchains to be secure and untraceable.
It is not as secure as other coins because it is more centralized than most, but it does make up for this by having one of the highest market caps and has been compared to Bitcoin a lot by experts in cryptocurrency space.
Why do people trade Monero?
Monero is traded for one main reason: anonymity.
Other coins, such as Bitcoin, have public ledger systems and are traceable, which means that if you know someone’s wallet address, you can see their transactions and how much they have.
Trade Monero with Gunbot.
Follow the same process with XRP, regardless of some basic fundamental analysis. Remember, we are basically buying low and selling high, so unless the coin is an obvious scam, you want to be trading it, provided the market conditions are good.
5-Litecoin (LTC)
It was created in 2011 by Charlie Lee, an MIT graduate, and former Google engineer.
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open-source, global payment network that is fully decentralized without any central authorities.
Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency.
With substantial industry support, trade volume, and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
Why do people trade Litecoin?
Litecoin is traded for the same reason people trade Bitcoin: it was the second-largest coin by market cap for a long time and has been around for a few years; Litecoin’s strong community has always been its backbone.
Litecoin is actually based on Bitcoin’s code to create an alternative version of them with some small changes that solve Bitcoin’s problems (such as transaction speed).
Trade Litecoin with Gunbot.
This is your last coin choice to trade with Gunbot; like the other 4 choices, LTC is a solid coin to trade and one that’s not going anywhere anytime soon either.
Now you know 5 famous cryptocurrencies you can choose to trade with Gunbot today.
However, before I leave you to start trading, let me share with you one more important tip:
An Intelligent Risk Management Strategy is crucial to get consistent results.
Go ahead and choose those coins; setup your Gunbot with a proper Risk Management strategy, and I think you’ll like your results!
Gunbot Crypto Daily Return On Investment 