Cryptocurrencies are taking the new year by storm. The crypto market peaked at over $1 trillion as Bitcoin and altcoins recorded new highs. With the surging crypto prices, SimpleFX is pleased to announce the addition of 9 new cryptos to trade!
Cardano, NEO, Binance Coin, Polkadot, EOS, Waves, Tezos, yearn.finance, and Zcash can now be traded on SimpleFX with up to 5x effective leverage. Margin traders are ready to make big profits and the year is just beginning.
Cardano (ADAUSD) is one of the top contributors to the crypto price surge alongside Bitcoin. It accumulated a huge 210% in price in the last 3 months alone. After having a market cap of $9 billion, it is the 6th largest crypto in the world. Other cryptos were outperformed by NEO (NEOUSD) in the recent sell-offs. While other crypto lost double digits, NEOUSD only slid a few percent. It treks above the longer moving average timeframes, signifying a bullish tone. Trade NEOUSD at $21.83 as of writing.
Everyone wants to trade Polkadot (DOTUSD) as it went up crazily by 325% in just about 5 months. Trading at around $8 as of writing at SimpleFX, traders can easily buy or sell DOTUSD from their laptop or smartphones with up to 5x effective leverage. This means that you don’t need to invest a huge amount to make a big trade. Binance Coin (BNBUSD) is an attractive symbol too, shown by its ascending pattern starting mid-December last year. It trades at $38 as of writing. Zcash (ZECUSD) also has a bullish tone as it quickly recovered from the selling pressure on Monday. At the time of writing, it is trading at $114.04.
Meanwhile, yearn.finance (YFIUSD) still lacks the overall bullish push. However, shorting has proven to be a major profit-generating move for this symbol. At SimpleFX, no matter if the price flies or plummets, margin traders gain from huge price moves as they speculate on market direction.
Yearn.finance is an industry leader in DeFi. No wonder it’s popular among investors. The same goes for hot symbols like EOS (EOSUSD), Waves (WAVUSD), and Tezos (XTZUSD). Short-sellers turned the price dips into profits. Anyone can trade these symbols because of their cheap prices.
SimpleFX is the best place to start trading cryptocurrencies. No initial deposits needed. Sign up with your email today!