Trade Cryptocurrency Pairs on StormGain

By openin a digital wallet with StormGain, you can invest in Cryptocurrency markets in various ways.

You can buy, sell, exchange, and mine Cryptocurrencies through StormGain with no hustle.

Among them, Cryptocurrency margin trading (leveraged trading) is a very popular investment method for online traders.

In this article, we will introduce you to some of the most popular Cryptocurrency pairs to trade on StormGain exchange and their characteristics.

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1. BTCUSD (Bitcoin vs US Dollar)

Trading between Bitcoin (BTC) and the US dollar has become one of the most exciting and profitable pairs on the market today. The world’s largest cryptocurrency, Bitcoin, has gained popularity and support in recent years, with prices skyrocketing in late 2017 and creating an entirely new interest in both the technology and the currency itself. While interest rates from the US Federal Reserve influence the value of the US dollar, among other factors, the monetary value of Bitcoin has a much higher variable range and is the focus of the BTCUSD pair as it does not there is a central body that regulates the production and distribution of cryptocurrency. Although it is treated and traded as currency, BTC reacts more like a product as it is influenced by the number of producers,

Invest in BTCUSD (Bitcoin vs USD)

2. BTCJPY (Bitcoin vs Japanese Yen)

As the value of the Japanese yen (JPY) is mainly influenced by trade, Japan has with the world, as well as the strength of its production sector. The BTCJPY trading pair has become one of the most stable exchange options for currency traders. The juxtaposition of the stability of the Yen to the value of Bitcoin (BTC) that has no central regulation, provides additional security to traders and created an exciting opportunity for long-term profits.

Invest in BTCJPY (Bitcoin vs Japanese Yen)

3. ETHUSD (Ethereum vs US Dollar)

Ethereum (ETH) is one of the fastest growing cryptocurrencies on the market today. Created by a non-profit organization based in Switzerland, and without any central bank or regulatory body, the value of Ethereum is more accessible to most traders, and since the currency is less stable than Bitcoin, it can provide profits a lot. older in the exchange. With the United States dollar (USD) as the main trading currency in the world today, with its value continuously monitored by the Federal Reserve, the use of the ETHUSD trading pair becomes one of the most interesting options for any operator entering the cryptocurrency market today.

Invest in ETHUSD (Ethereum vs US Dollar)

4. ETHJPY (Ethereum vs Japanese Yen)

While the value of the Japanese yen (JPY) is not as heavily regulated by the Bank of Japan, the country’s main fiscal body, the currency is considered one of the most reliable by operations, as it is mainly influenced by the Japanese. . Manufacturing and sales sector, providing forex traders with accurate analysis. The contrast between this stability and the volatility of Ethereum creates a perfect baseline for trading on the ETHJYP pair, reducing the number of data traders who need to worry on a daily basis. As Ethereum does not have a central regulatory body, the value of the coin is only determined by market forces, which are focused on most of the entities that trade on this pair.

ETHJPY (Ethereum vs Japanese Yen)

5. LTCUSD (Litecoin vs US Dollar)

From a technological point of view, LiteCoin (LTC) is identical to Bitcoin (BTC) in that it is a peer-to-peer blockchain cryptocurrency not regulated by any central authority. LiteCoin has seen an increase in stability since its stellar rise in late 2017, making the LTCUSD pair one of the most reliable options for currency traders. The amount of global trade largely influences the United States dollar (USD) as the primary currency for trading crude oil and consumer goods, and is also regulated by the United States Federal Reserve. Since both LTC and USD have somewhat symmetrical fluctuations in value, they are good options for experienced traders using higher leverage.

Invest in LTCUSD (Litecoin vs US Dollar)

6. LTCJPY (Litecoin vs Japanese Yen)

LiteCoin, a technological carbon copy of Bitcoin, is experiencing an increase in stability, as the increase in demand for the currency, its utility, and production are in relative equilibrium. This fact, compared to the egalitarian stability of the Japanese yen (JPY), creates a valuable opportunity for traders interested in reducing risks at higher volumes. The Japanese Yen is officially regulated by the Bank of Japan, but it is mainly influenced by the level of trade and manufacturing in the Japanese economy. LiteCoin has no regulatory bodies, and its value is determined only by market forces, but due to the balance mentioned above, the volatility of the currency is significantly reduced, making the LTCJPY trading pair more predictable than others.

Invest in LTCJPY (Litecoin vs Japanese Yen)

7. BCHUSD (Bitcoin Cash vs US Dollar)

Trading between Bitcoin (BTC) and the US dollar has become one of the most exciting and profitable pairs on the market today. The world’s largest cryptocurrency, Bitcoin, has gained popularity and support in recent years, with prices skyrocketing in late 2017 and creating an entirely new interest in both the technology and the currency itself. While interest rates from the US Federal Reserve influence the value of the US dollar, among other factors, the monetary value of Bitcoin has a much higher variable range and is the focus of the BTCUSD pair as it does not there is a central body that regulates the production and distribution of cryptocurrency. Although it is treated and traded as currency, BTC reacts more like a product as it is influenced by the number of producers,

Invest in BCHUSD (Bitcoin Cash vs US Dollar)

8. BCHJPY (Bitcoin Cash vs Japanese Yen)

Bitcoin Cash is a cryptocurrency created in 2017 from Bitcoin splits or hard forks. Bitcoin Cash has its own blockchain and specifications, which differs from Bitcoin in one important aspect. In other words, the block size has been increased to speed up the verification process. Initially, the block size was 8 MB, but in 2018 it quadrupled to 32 MB, but the actual block size still makes use of only a small part of the 32 MB limit. Bitcoin Cash can process more transactions per second faster than Bitcoin Network. This results in shorter wait times and usually lower transaction fees.

Bitcoin Cash is one of the latest altcoins that has emerged, and investors are comparing the performance of Bitcoin Cash to the performance of Bitcoin. However, the price of Bitcoin Cash has never reached the price of Bitcoin, and some investors find it impossible. Coins were created to facilitate daily transactions, and if the price is too high, it is not practical to use for daily online payments.

The main factors that can affect the price of BCH are:

Supply and demand

When the demand for Bitcoin Cash exceeds the supply, the price of Bitcoin Cash will rise. The idea behind the creation of Bitcoin Cash was to address the inefficiencies and lack of extensibility of Bitcoin. Therefore, Bitcoin’s efficiency and concerns about the future may increase demand for BCH and raise prices.

Investor awareness

Increasing awareness of Bitcoin Cash has the potential to increase demand for altcoin. According to a 2020 survey by the FCA (Financial Conduct Authority) in the United Kingdom, 20% of participants have heard about Bitcoin Cash. This shows that digital assets are one of the most famous altcoins. High public awareness of BCH may indicate that investors are more likely to trade BCH.

Invest in BCHJPY (Bitcoin Cash vs Japanese Yen)