Author: Katie Pierce
Cryptocurrency exists in a digital form, making it sound futuristic and overwhelming. However, one of the reasons behind its success is providing comfort over the hassle that comes with traditional bills. Now, it’s famous for being a trading technique with a high-risk, high-reward probability. But despite its volatility, millions of users still make a living out of trading cryptocurrencies.
To ensure proper trading, users need to be hyper-updated when it comes to news about crypto stocks. Understanding the crypto market, its trends, and its volatility is vital before dipping your toe into crypto investment. In fact, most investors lose their money in crypto because they fail to realize that it is incredibly volatile – its value is dictated by various external factors, resulting in extreme highs and extreme lows.
With this in mind, smart crypto traders invest in crypto price alert services to constantly keep up with what’s happening in the crypto community.
All About Crypto Price Alert Services
In a nutshell, a crypto price alert service monitors the current value of various cryptocurrencies such as Bitcoin, Ethereum, and Binance. Moreover, most of these services offer historical data to help users compare current prices with older values. It’s an excellent way to predict a coin’s future movement, whether after a dip or a skyrocket in value.
Although somewhat obvious, a price alert service’s accuracy will significantly affect an investor’s decision to either sell or buy crypto assets. So as a trader, it’s crucial for you to invest in a reliable service provider to help you maximize your investments.
What Are The Advantages Of Crypto Price Alert Services?
Helps With Time Management
As a crypto investor, you either have another job or numerous investments to track. Unfortunately, doing all those things at once might take a toll on your energy, health, and investments. So by investing in a crypto price alert tracker, you won’t need to constantly swamp yourself with never-ending crypto tasks like tracking your Bitcoin wallet and more. Instead, you’ll have constant updates to keep you on track and immediately know about crucial price changes despite working on other tasks.
Improved Trading Precision
By utilizing a reliable crypto price alert service, you’ll notice a more stable trading precision, helping you generate a more stable income stream. And as an investor, it’s no secret that trading is a highly dynamic process. But if there’s one constant thing, it’s the trader’s ability to buy assets at a low price and sell them for a higher value.
To help you achieve this, you’ll need an efficient crypto alert system to inform you once the prices start increasing and when they begin to dip. With this, you’ll have the opportunity to allot your time and resources to maximize profit by creating a precise plan to buy low and sell high.
Provides Essential Forecast
This advantage is extremely sought-after because only a few price alert systems provide this feature. Crypto trackers such as Coin Market Alert provide a detailed portfolio of past and current price changes, helping investors like you predict how a coin will perform within the next few days.
Track Your Investment Performance
By tracking how your investment performs, you’ll better understand how your money flows. You’ll see your profit and losses weekly, monthly, quarterly, and yearly. With this, you can assess whether or not you want to keep investing in the coin or not. And with the rise of cybercrimes like crypto dust attacks, it’s becoming more important to see your progress.
Getting A Crypto Price Alert Service
To be constantly updated, you may join various crypto communities in Telegram, Slack, Email, Discord, and WhatsApp. But after knowing the numerous advantages of getting a crypto price tracker, you might be wondering what service to try out.
For your convenience, Coin Market Alert offers three types of alert services that you can check out:
- One-Time Service
Coin Market Alert is only sent once when a coin’s predetermined value has been reached for this particular service.
- Crypto asset’s price change
- Volume change by percentage
- Price change by percentage
- Market carp change by percentage
- Total portfolio value for extra insight
- Frequency Service
Frequency Service alerts users about a predetermined frequency until it has been canceled. It covers the following aspects:
- Frequency price
- Total crypto market cap
- All coin price changes by percentage
- Specific coin market cap
- NFT wallet balance
- Crypto wallet balance
- New Data Service
Coin Market Alert will notify you of any new or updated crypto data for this service.
- Breaking news in crypto
- Recent high or low
- Wallet watch alert
- Trailing stop
- Airdrop and bounty
- New coin alert
- Crypto wallet activity
After going over all the advantages that crypto price trackers offer, it’s safe to conclude that accuracy and reliability are two of the most crucial aspects of trading crypto coins. However, it’s still vital for you to have a proper understanding of how crypto assets move. By investing not only in a tracker but also in your knowledge, you’ll grow into an excellent crypto trader. However, with the help of crypto price trackers, you’ll have a robust edge over other traders because you’ll know the right time to sell and purchase new assets.