With cryptocurrency being the hot new investing trend today, many people wish to cash in on this phenomenon, but face difficulties approaching the subject matter. However, with many apps streamlining this process being on the rise, it has never been easier to invest in cryptocurrencies.
These apps easily track the fluctuations of the market, allowing you to predict market trends quicker and more efficiently. By allowing you to be more in control of your investments, you won’t have to speculate as much and hence can profit from crypto quicker.
Recommended apps would include Blockfolio and Delta, which have been consistently ranked amongst the top crypto apps by both professional and amateur traders. With their simple installation and sleek interfaces, coupled with detailed information being presented, crypto trading has never been easier. However, there has also been recent developments to aid in crypto decisions in conjunction to using these apps.
Delta’s user interface is friendly and pleasing. The only colours that stand out are the important ones, drawing attention to the profits and losses of the individual coin. By keeping it simple, users can easily start their crypto adventure without sifting through many details that would otherwise turn them off.
Furthermore, Delta supports over 2000 coins. If a coin is on CoinMarketCap.com, which is a site for cryptocurrency market capitalizations, you can most definitely see it on Delta. And despite not having automatic entries, users can easily manually enter their holdings.
However, Delta does have paywalls, with one of them being the restriction of one portfolio for a free account. The convenience of having multiple portfolios thus require a monthly subscription.
One draw of Blockfolio would be the integration of crypto related news from sites like Coindesk. For more experienced traders who wish to speculate on a higher level, the additional piece of information would greatly aid them in determining the fluctuations in price.
Blockfolio also boasts one of the more in-depth price history charts among the crypto related apps in the market.
However, Blockfolio is a little more tedious to use, since information displayed must be manually inputted, creating an inconvenience if you have multiple holdings. There is also a possibility of trading pairs being limited, with some coins having only BTC and fiat pairs.
Going even further, an innovative new project revolutionizes the way crypto is traded by using a ‘Follower-Whale’ model. This allows new users, the followers, to benefit from the trading decisions made by more experienced and high-volume traders, the whales. By splitting the profit made from the capital, whales have every reason to accumulate followers by making sound investment decisions.
New users thus do not have to research and speculate on their own, but rather can get a sense of direction from following these whales.
By joining Spiking, a unique SPIKE wallet with SPIKE, BTC and ETH addresses is instantly created, and rewards can be funded and sent to the wallet with fiat, SPIKE, BTC or ETH.
From here, new users can then follow whales by giving a percentage of their funds as initial capital. Trades are then done automatically with instant notification, where the user can either gain profit which will be split with the whale, lose investment with a predetermined stop loss value, or result in a draw, with the follower getting back the initial capital.
At any point, the follower can easily switch whales and invest again. Hence, Spiking is a great accompaniment to the many crypto apps and will make cryptocurrency investors more confident.
By Tan Yi Xian, NTU Year 3 Electrical Engineering Student
Drawing from its successful and rich experience in the stock market since 2016, Spiking is expanding to cryptocurrency trading! With its unique and powerful trading tool and its AI robot Robobull, Spiking enables traders to easily find whales and mirror the trades automatically. At Spiking, we strive to help traders make better decisions and take the steps toward fulfilling their dreams of achieving financial freedom. Check out Spiking App, Top Grossing Finance App at App Store & Google Play.
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