Ethereum is a hot asset today. The high volatility of this cryptocurrency offers more opportunities for profitable trade hunts. Last week, ETH bounced back above $200 with a 3.5% intraday gain on Saturday after halving. It continues an upward move but seems to stall breaking the new resistance at $215. It is trading at $201 as of writing.
While Bitcoin took the spotlight due to the recent halving, Ethereum (the second-largest cryptocurrency) was outperforming the king of crypto since the beginning of the year. ETHUSD has substantially gained 56% from trading at $129 on January 1, compared with BTCUSD’s 38% price increase from $7150 within the same period.
Ethereum volatility makes it a great addition to diversify an investment portfolio. Get easy access to this hot asset by trading ETHUSD contracts online. You speculate on the price swings of ETH against USD, and buy or sell contracts accordingly. Because you capitalize on price moves, you earn both in a rising and a falling market.
ETHUSD contracts can be traded with leverage, which means that you can borrow funds to buy or sell at bigger positions. For example, if you buy ETHUSD worth $10 traded at 100x, you can enter a position worth $1000. Leveraged trading means boosted returns.
PrimeBit is a cryptocurrency exchange platform, where you can trade perpetual contracts (without limit to your profit) with Fair Price marking and up to 200x leverage.
PrimeBit is the best place to trade crypto the fair way. You can trade ETHUSD non-expiring contracts at fixed point value and with fair price marking using external benchmarks as bases for stop-losses and stop-outs. The option to trade ETHUSD with up to 200x leverage will help you generate more gains than you normally would.
The PrimeBit WebTrader is easy to use and very accessible. Buy and sell ETHUSD contracts and other crypto pairs 24/7 anywhere using your desktop computer or mobile devices. It has everything you need. Basic and advanced analytic charts and tools will help you decide on a good trade. Toggle the panels to highlight or hide data as you prefer. MetaTrader 5 in desktop and web versions is also available.
Use our free demo account upon sign-up to mitigate risks. We provide demo funds so you can perform mock trades using live market data. This way, you get the first-hand experience on how the trading process works before jumping into live trading.
At PrimeBit, you can earn even without trading. Receive huge rewards by inviting friends to trade on the platform. Not only do you get up to 20% lifetime revenue share for each referral, but your friend also receives a 10% discount on taker fees for 6 months.
Discover more earning opportunities at PrimeBit. Create a free account and start trading today!
Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.