Cryptocurrency Price Trends Explained: A Quick Start Guide for Beginners

Main coins that newbies should pay attention to

• Bitcoin (BTC)The largest by market capitalization, regarded as digital gold.
• Ethereum (ETH)The core platform for smart contracts and decentralized applications.
• Popular Altcoins(XRP, BNB, Solana, etc.): Each has different application scenarios, such as payment, DeFi, and DApp support.
• stablecoin(USDT, USDC, etc.): Stable in price, suitable as a safe-haven asset or a fund transfer tool.

Recent price changes

• Bitcoin: about 115,000–116,000 USD, a slight increase over 24 hours.
• Ethereum: about 4,500 USD.
• XRP: about 3 dollars.
  The overall market capitalization continues to grow, and institutional interest is on the rise.

How to Understand Crypto Assets Prices

• Real-time PriceGet the latest data through exchanges or market websites.
• 24 hours/7 days changeDetermine the stability of the short-term trend.
• trading volumeThe price is rising but the trading volume is low, which may indicate instability.
• Coin ComparisonObserve the Bitcoin dominance and the BTC/USD, BTC/EUR ratios to understand the overall market trend.

Common Investment Pitfalls for Newbies

• Trusting rumors or social media information.
• Buying at high prices and panic selling at low prices.
• Ignore transaction fees and costs.
• Ignore security, use insecure wallets or trust phishing links.

Simple Beginner Investment Strategies

• Dollar-Cost AveragingRegular small purchases to diversify costs.
• Risk AllocationInvest a small amount in high-risk coins and keep a portion in stablecoins or fiat.
• Follow news and policiesStay updated with market information.
• Safety FirstChoose a legitimate exchange and wallet to ensure asset security.