The value of the ether, bitcoin and other well-known crypto changes constantly. The price you see in the morning may not be what you will see later at night. It’s up to you whether this is a good thing or not. It is contingent on whether you’re selling or buying and when you’re doing it.
As an investor, you’d like to purchase crypto coins and tokens in a downturn -that is, when assets’ value has dropped. As the seller, you’ll like to sell your crypto assets once they are at their highest. To achieve maximum success in the field of crypto trading, it is essential to know the cost of your Cryptocurrency constantly. Even if you’re just holding some hundred dollars worth of Cryptocurrency, you’ll need to be aware of when its value increases or decreases.
Enter crypto price alerts. Websites, apps, and Twitter bots allow you to quickly make price alerts to be notified whenever an asset reaches a particular price goal or increases the value of a particular percentage, aiding you in deciding the best time to buy or sell.
What are the different types of price alerts for crypto?
A common price alert lets you receive alerts whenever a particular cryptocurrency is below or above the price goal. For example, you will receive a message when ether is priced below $1,000 if you’d like to buy it at a lower cost.
You can also choose an option to set a price threshold. For example, you can set a 20 percent threshold to trigger an alert whenever a specific coin goes up by 20 percent (e.g., from $1,200 to $1,000) or falls by 20 percent (e.g., between $1,000 and $800).
And you can also utilize a price tracker tool to track the value of a coin at specific times. If you’ve set notifications for the profile, you’ll get regular price updates every fifteen minutes.
Why should I get price alerts for crypto?
The market for Cryptocurrency is highly unstable, and prices fluctuate every second based on the factors that affect demand and supply exchange availability, regulation, and many more. A single message from the worlds richest may significantly alter the value of your Cryptocurrency at any time of the day or night.
Due to the fluctuation, it’s essential to keep track of the prices for crypto, particularly in the event that you’re considering investing in a crypto coin or have your own coins and wish to trade them. Of course, knowing the current value won’t always give you a good idea of which direction it’s headed; however, at the very least, you’ll compare it to the value it had in the past year, month, or even the day before.
Do I create price alerts?
The most effective method to set up your own price alert for crypto is to use websites such as Cryptocurrency Alerting and Coinwink that allow you to select a cryptocurrency to be alerted, set a threshold, and then choose who to notify and when.
When you sign up for Cryptocurrency alerting, you can select one of the following options:
- Type of notification Selects the method you’d like to be notified: via text, email or push notification, or even a phone call.
- Coin/Token Choose your currency — bitcoin, Ethereum dogecoin, or hundreds of thousands of others.
- Threshold Select whether you would like an alert when the price is over or below the specified threshold.
- Price to enter the exact price that triggers the alert.
- Currency Select the unit in your price alert US Dollar, foreign currency (like Euro), Euro), or Cryptocurrency (like Bitcoin).
- Platform Select an exchange platform such as Coinbase, Binance, or FTX to access the cryptocurrency price data.
After selecting your metrics, you can click or click to set an alert and register an account free of charge to begin receiving price alerts from crypto.
An alternative that is more straightforward to receive price alerts for crypto can be Coinwink which draws data from Binance’s data website CoinMarketCap. As opposed to Cryptocurrency alerting, Coinwink does not require users to sign up for an account in order for price alerts.