Trade These Cryptos NOW! (Bybit Adds PROFIT Potential)

Posted 4 mins ago | by Catoshi Nakamoto

As we head into what is shaping up to be the most parabolic portion of the current bull run, many of you may be thinking about making some trades with leverage, and ByBit has recently added a ton of new coins just in time for alt season.

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Let’s get it.

Welcome to BitBoy Crypto. Home of the Bitsquad, the largest crypto community in all the interwebs. My name is Ben. Every day on this channel I show YOU how to MAKE MONEY in Crypto. If you like money and crypto then make sure to hit that subscribe button. In this video, we’re gonna take a look at some of the newest trading pairs on ByBit and rank them on their pump-tential. Nearly a dozen new assets are now available for derivatives trading on ByBit, where you can add leverage to your trades to juice up your gains at the end of this cycle.

ByBit Adds Altcoins To Trade

You will be able to select between 1x to 25x leverage on these new pairs, depending on your risk appetite and tolerance. If you haven’t signed up for ByBit yet, head on over to bitboy.com/deals for a special sign up bonus.

Number 10 is DYDX, the token for the fast rising decentralized derivatives exchange of the same name. DYDX has been around for a while, but the project really didn’t start taking off until they built a fast and low fee exchange on Ethereum’s layer 2 and airdropped a token to some of its users. Unfortunately, traders in the US missed out on this airdrop because regulators here hate to see us get free money. The token for DYDX has been on a tear since launching earlier this year, and has remained relatively stable through the volatility we have seen in the markets recently.

For number 9 You can now also trade FTT, the token Tom and Gisele approved for the FTX exchange on ByBit. FTX is one of the fastest-growing centralized exchanges that soon plans on launching an NFT platform to bring in even more users. The FTT token reached an all-time high of around 80 dollars last month and is now consolidating just under 60 dollars after a correction, still up almost 1400% for 2021 and it’s growth isn’t an accident. FTX is lead by blockchain whiz kid Sam Bankmanfried. Sam and CZ from Binance are the rivals to the crypto cartel that backs their main competitor Coinbase.

Number 8. New to Bybit but not to us is Chiliz, the popular community token that allows fans to connect with their favorite sports teams. Chiliz reached as high as 80 cents earlier this year and is now on a discount at around 30 cents. The hype has died down a bit for this token, but the team is strong and they are carving out a sizeable niche for themselves in various sporting leagues. It’s important to note that back in my interview with Raul Pal, Raul said that he believes community tokens are ones that are going to see the most parabolic gains in the years to come. If you want to stay in the know on where the gains are. Smash that like and subscribe button. That puts you in the Bitsquad and puts you in the best community in all of crypto.

Number 7 Dash, a blast from the past, is now available on ByBit as well. Dash was one of the most popular privacy coins in the early days of crypto, but it found a home in the developing world where it used as an alternative currency. Dash is especially popular in Venezuela, where the crumbling fiat currency has many citizens taking an interest in crypto. At the peak of its popularity, Dash was trading well over a thousand dollars and is now sitting around 200. Privacy coins have fallen out of vogue this year, but that’s going to change as CBDCs start to take shape and freedom loving people flock to a true digital cash. Dash has the legs and the fundamentals to be around for a while and could absolutely make big jumps this cycle that leverage traders will enjoy.

Number 6 Kusama, another crypto asset that has been heating up over the past few days, is also now available for trading. Prices for both Polkadot and Kusama have been going crazy due to anticipation of the parachain auctions taking place in the ecosystem.

Kusama is closely connected with Polkadot and is often called Polkadot’s “canary network,” because this is where many applications and Features are being deployed before they can be fully operational on the Polkadot chain. This is different from a test net because it will still be home to plenty of great apps, but the best of them will be able to make their way onto the main Polkadot chain.

Number 5 LUNA. Terra’s stable coin network, powered in part by the LUNA token, has had an incredible year, increasing in value by over 11 thousand percent for the year. Through its popular CHAI app and other sources, Terra has over 2 million users, many of them living in South Korea where the network is very popular. While Terra’s big runs may be behind it, it will still see upward momentum as the altcoins start making new all time highs.

Number 4 Near protocol is another one that has had a wild run this year, and they’re now available on ByBit as well. Near is a proof of stake smart contract platform that hopes to achieve mainstream adoption by being as user-friendly as possible for newcomers. Near is up over 500% for the year and is quickly gaining ground in the smart contract race.

Number 3 is Cosmos, a project that is building a network of blockchains by providing important infrastructure to the industry with its tendermint protocol. Many of the industry’s leading products, including Luna, Rune Thorchain, Mirror Protocol and Binance Smart Chain were all built with Cosmos using tendermint. The price for Cosmos began a sharp upturn earlier this week, and is currently up nearly 500% for the year.

Number 2 OMG is a layer 2 scaling solution to Ethereum that has been around for a very long time, and has had a recent resurgence with the launch of the other layer 2 networks. OMG is up over 300% for the year and still has yet to reach its all-time high from the last cycle. You can now trade this asset on ByBit just in time for layer 2 season. You’re welcome.

Number 1 is Bybits native token BIT. The Bit Token supports the BitDAO; that pools talent and resources and channels them into building out the DeFi ecosystem.

BitDAO is governed by BIT token holders who are able to propose and vote on various measures such as treasury allocation, token swaps, partnerships, and more. You can also buy and sell BIT for USDT on Bybit’s spot trading platform with zero maker fees. That’s a sweet deal and makes leverage trading BIT that much sweeter. A token based on an exchange as strong as Bybit is a solid fundamental that will mean the token has staying power.

All of these new pairs are currently available for trading on ByBit’s web version, and will be supported on the mobile app sometime soon.

ByBit is also giving away 8 million of their own BIT tokens, but you need to move fast because this promotion is only running for two more days. There were three different opportunities for early participants to get their hands on a share of the prize, and two of those events have already passed. Luckily, you still have until October 16th to qualify for an airdrop of up to 600 BIT tokens, all you need to do is hit a certain threshold for your all-time trading volume on the platform. The spot volume you’ve traded prior to the event will be multiplied by 3, while the spot volume and derivatives volume traded during the event period will be counted in multiples of 4.5 and 1.5. You can also earn up to 8 BIT for each qualified friend that you bring to Bybit .As always, be careful with leverage trading and don’t risk more than you can afford to lose.

But that’s all I got. Be Blessed. Bit Boy Out.

Source: https://thebittimes.com/trade-these-cryptos-now-bybit-adds-profit-potential-tbt4547.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Cryptocurrency News

Post by: TheBitTimes.com