Analysis of February 4, 2022

We find ourselves talking today about 3 innovative crypto assetswhich have had the ability to climb the ranking by market cap, becoming respectively: the most capitalized cryptocurrency in the world (BTC), the second most capitalized cryptocurrency in the world (ETH), one of the most analyzed crypto competitors on the market (DOT) .

All three ecosystems have their own associated token, which or does not perform crucial functions within the same environment (especially for DOT on Polkadot). Over the last few times, the crypto market has undergone several changes and the time has come to quickly analyze the situation from the point of view of values.

In the course of the following lines, we will go to view the evolutions and developments on the latest prices shown by the 3 assets previously exposed. Before we continue, let’s remember how all 3 crypto assets (Bitcoin, Ethereum and Polkadot) are currently listed on regulated brokers such as eToro.

The same allows you to trade on a constantly updated sector, which currently has more than 42 cryptocurrencies and which offers innovative features, also to copy real Popular Investors, through the Copy Trading mechanism (also manageable via device application).

Bitcoin, Ethereum and Polkadot prices (BTC, ETH and DOT)

Going into detail immediately, let’s see what the values ​​of the Bitcoin, Ethereum and Polkadot prices over the last few hours, according to data from major news sites, such as CoinGecko.

Starting with Bitcoin, setting a weekly charthowever, focusing attention from the day of February 3, it is possible to note a starting value on the time range equal to about 38,778 dollars per unit.

A value that had however undergone corrections over the following hours, falling (again on the same day) to levels below the $ 36,500 line. In the early hours of February 4 (today) the cryptocurrency was however pushed back to higher points, around $ 38,130 on the main exchanges at the time of this writing.

Continuing with Ethereum, it is instead possible to remember his downward overshoot (in the preceding weeks) of the psychological threshold of $ 3,000. By setting a two-day chart, it is possible to see a price of Ethereum equal to around $ 2,590 in some places.

Also in this case, during the early hours of February 4, the value of Ethereum had the ability to show a recovery compared to the daily minimum points of February 3, highlighting shares amounting to approximately $ 2,845 for ETH at the time of this writing.

Lastly, we find Polkadot, which at the time of this writing represents the ninth most capitalized cryptocurrency in the world. By setting a 2-day chart, in this case it is possible to see a DOT value even above 20 dollars on some points.

Subsequent corrections, on the day of the 3rd, had led the asset to fall again below the bar of the 19, however managing to recover ground in the early hours of the day of the 4th, on shares equal to approximately $ 19.42 at the time of this exposed.

Conclusions

Reconnecting to what was said during the introduction, the main world cryptocurrencies, just like Bitcoin, Ethereum and Polkadot, can now be identified within professional brokers and exchanges.

One of the best known brokers, constantly updating their crypto asset database, is eToro (here the official page). For years now, it has been a concrete point of reference in the sector, showing a rapid, interactive and usable platform that can be used by both experienced and professional traders.

On multiple assets, such as Bitcoin, the broker allows registered users to act in two different ways:

  • directly, on the underlying asset;
  • through derivative instruments, i.e. contracts for difference, which allow you to operate without owning any digital currency in a physical way (therefore without any wallet to use).

You can always decide to start with a practical demo account, that is a full-fledged simulation, based on the addition of virtual capital, implemented by the platform itself automatically. This allows you to try new strategies on BTC, DOT, ETH and so on, without using real money.

The eToro broker it also offers a series of additional innovative and support features for anyone registered:

  • possibility to select real traders (Popular Investors) and to copy their market strategies in real time and in a mirror way;
  • ability to manage the account via application for mobile devices (both for iOS and Android devices);
  • real-time charts on all supported cryptocurrencies;
  • technical section with numerous analytical indicators.

Click here to get a free account on eToro

This news is republished from another source. You can check the original article here

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