Cryptocurrency Market Watch

This characteristic is showing how different the price of the coin became in the last 24 hours. Traditionally this figure is measured in percentages. +N% written in green is indicating that the asset has grown by N in 24 hours while -N% written in red means that in the last 24 hours the price has dropped by N. The 24-hour price change helps to swiftly learn where the coin's price is heading to. As trading makes sense because the price of the assets changes, it's important to realize firmly if the coin you're gonna buy or sell is in decline or the rising trend. One of the golden rules of trading is "buy low, sell high", so it is important to see if the coin got cheaper or more expensive. Of course, the holders of coins are interested in price moves, too.

Top gainers and top losers can be significant objects for analysis for potential investors and traders, too. Rarely you can see popular coins among the top 24-hour gainers or losers as the prices of coins with high market caps are harder to manipulate. However, many traders and investors are focused on trading obscure cryptocurrencies because at times these coins grow by hundreds of percent in a small amount of time. Shorting these coins can be another viable strategy.

Top Currencies stand for the section showcasing the relevant market data associated with the two cryptocurrencies with the biggest market cap today. It's not hard to understand that the coins with the biggest market cap are the most popular ones. Most investors, traders, and other interested people watch the prices of the market leaders to see if the crypto market is in decline, plateau, or on the rally. More than that, the prices for these top coins can determine the trading, investing, and spending decisions of buyers, sellers, and holders. For over 10 years, Bitcoin has been a top cryptocurrency. In these years, it went through several big spikes and drops — 10% growth in 20 minutes is not something usual but not impossible either. History knows 30% drops, too, so if you are somehow interested in the crypto market, it's a normal thing to check the prices of the top coins daily.

The sections 24-hour top gainers and top losers show 5 coins whose price has grown the most in the last 24 hours and 5 coins that decreased in value in the last 24 hours more than others. Usually, coins in both columns are little-known altcoins with extremely small prices that cost the millionth part of the cent per unit or something like this. Why? Many traders are using pump-and-dump strategies. They create pump-and-dump groups in Telegram or other messengers. There, they gather as many traders as possible. When the needed number of traders is gathered, the group members receive a buy signal and buy a prearranged obscure coin all together at a certain moment. This collective action results in the quick gain of the asset's price. At some point, the group leaders spread the sell signal to sell the coin at the peak. Usually, it results in the downfall of the asset's price. Not every altcoin recovers after the described actions. As you might guess, some of these coins get to 24h top gainers or 24h top losers at some point as during the pump-and-dump schemes the prices of the assets can multiply by several times and then shrink significantly. Apart from prices of top gainers and top losers and 24h change you can see the market capitalization of these currencies. This figure can help to get an idea of how big the coin is in general. The bigger the market cap is, the more chance that the coin is a serious project that is here to stay.