Trade ETH in 2022: Your Ethereum trading tips

The revolutionary innovations of the Ethereum network are becoming more and more evident. Its eponymous network goes way beyond one-dimensional money transfers like Bitcoin (CRYPTO: BTC). It is rapidly turning into a cyber organism, where decentralized digital infrastructures and markets are developed in this network. It’s not too late to invest now. If you had invested just $5,000 (ETH -0.56%) in Ethereum at the beginning of 2021, then as of August 28, 2021, your investment would be worth over $22,360. These all-in-one trading tips for Ethereum depict why we should hold ETH, what it is Ethereum & ETH actually are, and the Ethereum trading tips in detail. 

Background: What are Ethereum and ETH actually? Why we should hold it?

According to Ethereum Org, Ethereum is the foundation of the decentralized infrastructure. It is a programmable blockchain. Products and services are run on the Ethereum network. The rise of cryptocurrencies has led to the emergence of infrastructures that exist exclusively in cyberspace: decentralized applications (dapps). They cover all industries, including but not limited to finance, gaming, online casinos, decentralized exchanges (DEX), social media, insurance, and healthcare. Most importantly, Ethereum acts as a competitive coin in the digital currency market.

There are several crucial reasons to hold ETH:

  1. By the end of 2022, Ethereum will make the transition from a proof-of-work (PoW) network to a proof-of-stake (PoS) network, which could reduce energy consumption by more than 99% from current levels. In this setup, token holders, not miners, validate transactions by pledging to lock their ETH in a staking pool. As a result, stakers not only benefit from capital gains on their tokens, but they can also earn a small “interest” by staking ETH and validating transactions.
  2. Ethereum provides access to this lucrative NFTs market. And since the main trading unit of NFTs is Ethereum, investors can reap cumulative returns if the value of their NFTs and ETH rises in the near future. If you have bought NFTs for 5 ETH on Three years later, an appraiser values ​​his NFT at 10 ETH.
  3. There are over 3,000 DApps distributed across 16 major blockchains, 2,835 of which are based on the Ethereum network. In total, they have around 100,000 daily active users. But make no mistake, this is by no means a small business. The total amount of smart contracts in these applications reached a staggering $734.8 million in the past 24 hours.

Read more about the ETH Beginner Guide

Keeping your ETH safe

Before trading your ETH, it is always good to think about where to store it. You might have to consider the amount of ETH you are going to store. Also, how often you are going to trade the ETH. There is a wide range of wallets in the market. Here is the handpicked from Crypto Pro. 

Read more about the top 5 eth wallets

Keeping track of your ETH

Given Ethereum’s high volatility, with high volumes and high volatility, it is suitable for intraday trading, Ethereum offers great opportunities for active day traders. In the Ethereum market, traders try to buy or sell on a daily basis, so it is important to consider the amount of liquidity an Ethereum trading exchange can have. Due to the difference in liquidity and trading volume, traders may find an opportunity to take profits. To maintain a certain level of profit, it is crucial to keep an eye on your ETH regularly with different trackers. Below is the top tacker traders would use. 

Read more about top ETH Trackers

Where to exchange ETH?

To buy or sell ETH, it could be done through three key vehicles, i.e. centralized crypto platforms, decentralized crypto platforms, and certain wallets. It can also be traded through the digital asset OTC (over-the-counter) desk. Yet, you might have to exchange ETH in alternative ways depending on your nationalities and the fiats that you would like to trade, Below are our guides for you to exchange ETH with different fiats, including USD and HKD. 

Read our guide to exchanging USD with ETH

Read our guide to exchanging HKD with ETH

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