Are you wondering what is the best cryptocurrency to invest in for the future? If so, keep reading, we will tell you how to know it!
Cryptocurrency is a type of digital currency that uses cryptography for security. These currencies are not managed by central banks, but instead are generated and managed through the power of the internet. A growing number of countries around the world have now recognized the potential of cryptocurrencies as a legal means of payment.
However, due to their decentralized nature, cryptocurrencies cannot be regulated or controlled by any single entity. This has led to them becoming one of the most volatile investment vehicles in existence; yet at the same time, they are also one of the most exciting.
If you are thinking of investing in one, but don’t know where to begin, keep reading! We will tell you all you need to know about them. And also, recommend you the best tool to help you investing!
How to get ahead of Cryptocurrency
There are several factors to consider when looking at cryptocurrencies for investment. The first of all, is the value of the currency itself. If you pick a coin that has high potential for growth, then you’re taking a risk. What if it’s not as successful as you think? As an investor, you want to make sure your money is protected from volatility — and that means choosing a currency from stable markets where there’s less chance of it losing its value.
That’s why, if you are looking to avoid surprises; you can use an online Foreign Exchange API to access cryptocurrency’s historical data. You can analyze this information and predict future changes; as well as make well-informed investment decisions.
Furthermore, a Forex API is an online tool that can deliver up-to-date information about foreign exchange rates and currency conversions, including cryptocurrencies. Some of them are free and available to anyone. But since there are a lot of options to choose from, we will make it easier for you and tell you right away which one is the best one out there.
Know Cryptocurrency prices with Exchangr
Exchangr is a foreign exchange rates Application Programming Interface (API). This tool uses JSON datatype to deliver 164 accurate currency rates and conversions. It also provides real-time updates on eight cryptocurrencies! Furthermore, with Exchangr you can access historical data for all these 172 world currencies. This can help you be aware of the historical changes that a currency or cryptocurrency has undergone in the past; so you can decide if it is the best one to invest in for the future.
This API is available to anyone that needs to access forex rates and convert currenciess. If you are a beginner and don’t need a lot of advanced features, you are in luck! Exchangr offers a free comprehensive plan. You will be able to make 250 API calls per month, access historical data, have regular updates, support, and access to Exchangr’s several endpoints. But, if this is not enough, you can always subscribe to paid-plans. They will offer you advanced API access, advanced features,, and perks. They are super inexpensive since they start at 10 dollars /month.
Get started with Exchangr
You can do it right now, because Exchangr is extremely easy-to-use! Simply follow these steps and you will have the right information for investment:
First, register in here. After this you will get your very own API key. With this combination of numbers, you can have access to Exchangr’s endpoints, so don’t loose it! Then, you have to select the currencies (or cryptocurrencies) you are most interested in; whether to convert or get rates. Finally, make the API call. And within seconds you will obtain what you are looking for!
If you want to learn more about this, you can visit Exchangr’s Documentation by clicking here. There you will find out about Exchangr’s tructure, it’s methods, complications that may rise, and code references.
So, with all said and done, that was everything you need to know to start looking for the best cryptocurrency to buy for 2022. With Exchangr’s help you will have all the information you need!
Related post: A Forex API Can Be Useful For Investments?
Also published on Medium.