expand/collapse risk warning

CFDs come with a high risk of losing money rapidly due to leverage. 71% of accounts lose money when trading CFDs with this provider. You should understand how CFDs work and consider if you can take the risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

71% of retail investor accounts lose money when trading CFDs with this provider.

Crypto Trading

Which cryptocurrency to buy today?

Consider which cryptocurrency to buy today: Bitcoin and Ethereum coins.

Identifying the right cryptocurrency for investment requires understanding both its current performance and its potential for future growth. Drawing inspiration from leading crypto insights, this article outlines the top cryptocurrencies to buy today according to expert analysis. We'll explore their Year-To-Date (YTD) returns, fundamental strengths, and why they stand out in the bustling crypto market. 

Additionally, we will discuss the advantages of trading cryptocurrency CFDs with Skilling, how it can be a strategic approach for both new and experienced traders, and provide links to live price charts for all 7 cryptocurrencies, including live Bitcoin price.

7 cryptocurrencies to buy today according to analysts

In the rapidly evolving cryptocurrency market, making informed investment decisions can be daunting. This section highlights seven cryptocurrencies that are currently favored by experts for their potential growth and stability. From established giants like Bitcoin and Ethereum to emerging contenders, we will jump into each cryptocurrency's performance, underlying technology, and reasons for their endorsement by analysts today.

This curated list aims to provide a well-rounded perspective on promising cryptocurrencies, offering both seasoned investors and newcomers valuable suggestions for their trading strategies.

1. Bitcoin (BTC) - YTD Return: 20%

  • Bitcoin remains the cornerstone of the crypto market with its widespread acceptance and significant liquidity. Seen as a store of value and a hedge against inflation, its foundational status and ongoing adoption drive its investment appeal.

2. Ethereum (ETH) - YTD return: 40%

  • Ethereum continues to be pivotal in the expansion of decentralized applications (dApps) and finance (DeFi) solutions. Its transition to Ethereum 2.0, aiming for increased efficiency and scalability, promises enhanced value.

3. Ripple (XRP) - YTD return: 25%

  • Focused on transforming global payments, Ripple has established partnerships with numerous financial institutions. Despite regulatory challenges, its potential for facilitating fast and cost-effective international transactions keeps investor interest alive.

4. Solana (SOL) - YTD return: 35%

  • Praised for its speed and efficiency in transaction processing, Solana offers a highly scalable platform for dApps. Its growing ecosystem and lower gas fees make it a strong competitor in the blockchain space.

5. Cardano (ADA) - YTD return: 18%

  • With a strong focus on sustainability and scalability, Cardano stands out for its rigorous academic research foundation and methodical development approach, positioning it as a promising platform for secure and scalable transactions.

6. Chainlink (LINK) - YTD return: 29%

  • Chainlink facilitates the critical integration of external data with blockchain networks. Its decentralized oracle network is crucial for the functioning of smart contracts, driving its importance in the blockchain ecosystem.

7. Polkadot (DOT) - YTD return: 22%

  • Polkadot enables various blockchains to transfer messages and value in a trust-free fashion; sharing unique features and functionality. Its "parachain" model allows for the creation of specialized blockchains, all secured by a single network.

The cryptocurrencies listed here represent some of the most promising opportunities in today's market, each backed by unique innovations and growing adoption. For those looking to diversify their investment portfolios or enter the crypto trading world, considering these top picks along with the robust trading platform provided by Skilling could pave the way for potential financial growth opportunities.

Note: The above information is correct at time of publication in May 2024.

Why trade cryptocurrencies CFDs with Skilling?

As the cryptocurrency market continues to expand, trading cryptocurrencies as Contracts for Difference (CFDs) with Skilling offers traders a flexible and strategic way to engage with this dynamic market. Skilling provides a seamless trading experience, empowering traders with access to over 60+ cryptocurrency CFDs from popular coins like Bitcoin and Ethereum to newer altcoins. The platform allows traders to capitalize on both the ups and downs of crypto prices without owning the underlying assets, backed by competitive spreads and leverage options.

Experience Skilling's award-winning platform
Try out any of Skilling’s trading platforms on the device of your choice across web, android or iOS.
Sign up

Skilling ensures a secure and transparent trading environment, supported by comprehensive educational resources to help traders make informed decisions. Whether you are looking to trade casually or aiming to build a diversified investment portfolio, Skilling’s platform is designed to enhance your trading effectiveness in the volatile crypto space.

Navigating the dynamic world of cryptocurrency trading requires not just keen insight but also a robust platform that can handle the complexities of these volatile markets. We offer traders an exceptional trading experience with its advanced technological interface and user-centric approach.  Additionally, trading cryptocurrency CFDs with Skilling offers several strategic benefits:

  • Leverage opportunities: Skilling provides leverage options that allow traders to maximize their trading power while managing capital outlay effectively.
  • Flexibility: You can profit from both rising and falling markets by going long or short on various cryptocurrencies without the need for actual ownership.
  • Security and regulation: Skilling operates under strict regulatory standards, providing a secure and transparent trading environment.
  • Advanced trading tools: The platform includes comprehensive trading tools and resources to assist in making informed trading decisions, suitable for both beginners and experienced traders.

Whether you're just starting or are an experienced trader looking to leverage the opportunities within the crypto market, Skilling provides a comprehensive suite of tools and features designed to enhance trading efficiency and effectiveness.

This article is offered for general information and does not constitute investment advice. Please be informed that currently, Skilling is only offering CFDs.

Experience Skilling's award-winning platform
Try out any of Skilling’s trading platforms on the device of your choice across web, android or iOS.
Sign up