Information is power, and when it comes to cryptocurrencies, it’s money too. It is for this reason that monitoring the prices of cryptos (especially those that we have or that we want to buy) is extremely important. In the end, Knowing whether a cryptocurrency is rising or falling is the key to buying or selling.
There are many ways to tell if the prices of cryptocurrencies are rising or falling, which is the key to trading them
There are many ways to tell if cryptocurrency prices are going up or down. Next, we’ll look at the most accessible. Even so, it should be noted that the prices of cryptocurrencies are not absolute, but are usually estimated using the average of prices on various exchanges.
-BitScreener: One of the most convenient ways to control cryptocurrency prices and know if they are going up or down is to have a tracking app on your phone. This way, wherever we are, we can know whether our cryptos are going up or down. If we complement them with the apps of the exchanges we are active on (if they have a mobile application), we can manage our cryptos anywhere.
There are plenty of tracking apps out there, but we recommend BitScreener, which is available for both Android and iOS. BitScreener allows us to follow virtually any crypto and have a main screen with the six cryptocurrencies we have selected. With a look at the main screen, we can find out the percentage of the increase or decrease in crypto prices during a day, week or month. In addition, you can see the graph of each cryptocurrency individually, either in a normal or a candlestick chart.
It also has an alert system that allows you to set alarms when the price reaches a user selected point, which is important when trading crypto. It’s free, but there is a paid version that removes ads, shows more detailed graphics, and places more notifications.
If you work with cryptocurrencies, it is most likely done from a computer. In addition to the exchanges used, there are other sites for checking crypto prices. It is interesting to use pages that are solely dedicated to price monitoring, as there are usually many more cryptocurrencies listed there than on any exchange that only displays the prices of the cryptocurrencies that are available to buy or sell.
-Coinmarketcap. There is an app for iOS and Android, but its website is undoubtedly one of the benchmarks. In addition to prices, market capitalization, volume, and recent changes in virtually all cryptocurrencies, there are other categories. With Coinmarketcap you can display rankings of DeFi tokens, NFT and currencies of certain ecosystems such as Polkadot or Ethereum.
-Coingecko. Not only does it showcase virtually all of the cryptos in existence, but it also has an incredible number of categories, some of which are very interesting, like the victorious cryptos of the day (which have risen the most).
Exchanges like Kraken or Coinbase also have mobile applications where it is possible to stay up to date on market movements, but since they are not apps that are specifically designed for this, they can be a little more complicated if you only have the Want to monitor prices.
If you want to know what makes cryptocurrencies go up or down, you can’t miss our video on it: