About quotes

A quote is the price of a crypto asset a seller or buyer sets to perform a trade. On many platforms, the default value of a token is expressed in US dollars. However, you can always select another fiat currency (euro, ruble, etc.) in the settings.

Where to track cryptocurrency quotes?

The digital asset market is highly volatile. Quotes may change at lightning speed, so efficient trading requires you to monitor the exchange rate on an ongoing basis.

Today, there are multiple aggregators and information portals containing regular crypto quote updates. However, data is provided with a short delay.

Unlike these services, crypto exchanges and trading platforms allow you to watch the price dynamic of an asset in real time. It gives you a huge advantage as you can react to a jump in quotes much faster. In this way, you can get the most out of a trade: sell a token at a higher price or buy it at a lower one.

Another advantage is that exchanges and platforms have additional features to analyze the current situation and predict trends (for example, an order book or a trade tape). This also contributes to more efficient trading.

Given that crypto assets are extremely volatile, it is pretty difficult to predict their direction. Nevertheless, it is still possible provided that you take into account all potential factors affecting supply and demand. Here are some of them:

• Euphoria in the crypto market usually leads to higher quotes, while panic results in their collapse.
• Watching the actions of major investors manipulating prices helps predict the trend.
• A cryptocurrency tends to gain value ahead of a hard fork. Therefore, it makes sense to keep track of all the news from developers.
• Heightened rhetoric regarding crypto regulation always has a negative impact on quotes.
• Most cryptocurrencies are correlated with bitcoin, so it is worth following the current and future dynamic of the digital leader.