Crypto prices refer to the value of digital assets in the equivalent of other assets, such as the US dollar or Bitcoin. For example, the NEO price can be presented in other fiat or crypto equivalents. For that purpose, traders may create pairs (for example, NEOEUR, NEOBTC, etc.) and see how many euros it takes to buy one NEO token, etc.
The cryptocurrency price is determined by the forces of supply and demand, just like any other type of fund. The more people that want to buy an asset, the higher its price will go, and vice versa. Crypto prices are renowned for their unpredictability, with some witnessing huge surges or plunges within a few hours or days. This volatility is partially due to the infancy of the market, and in part spurred on by its lack of connection to any particular government or central bank. For savvy investors looking for rapid returns, cryptos offer unparalleled opportunities - just be prepared that they may also come with equally dramatic losses.
Crypto prices have a distinct level of clarity that other assets lack. They are decentralized and listed on public blockchains, so anyone can easily track the current rates and trading volume for any crypto from anywhere at any time in comparison to conventional stocks or commodities which are not as transparent.
The cost of crypto is an integral component of the virtual currency landscape, as it establishes its market value and guides investors' decisions.
Where to Find Crypto Rates?
There are several resources available to see current crypto prices today. Here are some popular ones:
- Coinmarketcap - a website that provides real-time prices, market capitalizations, and other key metrics for digital assets.
- CoinGecko - similar to Coinmarketcap, this website provides real-time prices and other key metrics such as trade volume and cap.
- TradingView - a service that allows users to view real-time crypto prices, as well as technical analysis tools and ideas from other users.
- CryptoCompare - a website that provides real-time crypto prices, historical data, and news and analysis related to the market.
- CryptoSlate - a website that provides real-time prices, as well as news and analysis related to the market.
These are just a few examples of the many resources available to see current crypto prices.
If your goal is not only to find cryptocurrency price but also to conduct operations with assets, then you need a crypto exchange. For example, WhiteBIT - a promising exchange platform that offers a range of features and tools designed to meet the needs of novice and experienced traders, while also placing a strong emphasis on security and regulation.
