Research based modern cryptocurrency exchange with an attractive UI and is fully equipped with a plethora of advanced features.
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The Cryptocurrency trading with blockchain concept is growing rapidly with ups & downs. We are seeing a huge bear market in 2018 but the situation will not remain the same because the uncertain behaviour of the market may change anytime. The Whole market follows the same patterns and sentiment of bulls and bears based on fundamental and technical aspects, it doesn’t matters if it’s stock, forex or cryptocurrency. Even though cryptocurrency market is bleeding hard now but the bulls will make their entry again and that’s why it’s expected to be a trillion-dollar industry by 2022.
Cryptocurrency trading is becoming a crucial method in order to stay ahead and maximize one's gains in this market. With massive rises and falls in cryptocurrencies prices, holding a single cryptocurrency waiting for its price to go up over time, means missing out on a lot of opportunities that the market has to offer. This realization has led to the current influx of a massive number of new traders.
It has become relatively easy to start trading, as there are lots of cryptocurrency exchanges on the web where cryptocurrencies are listed for trading seeing much of the trading volume divided between 10 major exchanges. Overall trade volume on these exchanges has decreased from 2017’s highs in tandem with the overall market cap but the number of active users on third-party charting platforms has continued to grow steadily throughout this same period.
More people are finding in third-party trading platforms an essential tool in their trading kit to help them generate profits in the cryptocurrency market. This is telling us that traders are finding the current cryptocurrency trading platforms inadequate to make their decisions.
Encrybit surveys corroborated this trend in the users, finding a lot of things that people expect from trading platforms but often being left disappointed, causing them to look for third-party software to provide for these expectations instead.
Encrybit is preparing to solve almost all the major issues of existing cryptocurrency exchanges, which push the traders to use this third-party software. The main reasons why people choose third-party charting platforms are:
TA tools are not enough to make a proper analysis;
The chart is not clear and most of the times too small;
The trading UI is confusing and not user-friendly.