🔥 Chia Coin forecast 2021: XCH course analysis & future
Are you looking for one digital currency, which can be trusted to have the same success story as Bitcoin, you will probably come across the Chia Coin. The Kryptowährung, which has only been available on the crypto market for some time, may be reminiscent of the crypto currency Bitcoin, because the coins can be produced on private computers. This creates a gold rush atmosphere that could already be observed with Bitcoin.
However, the Chia Coin does not require a network consisting of ultra-fast computers. Production (still) takes place on the networked computer hard drives. The advantage over the Bitcoin mining process? Significantly less electricity is used here. The Chia Coin wants to be significantly more sustainable than other digital currencies.
But is it even worth it Buy Chia Coins, or will the cryptocurrency disappear again from the point of view of speculators such as investors and crypto fans in the foreseeable future?
Which platform should you use to invest in Chia Coin?
Since the beginning of 2021, the entire crypto market has been in an unprecedented mood of optimism. Because the Bitcoin, which was still below 2020 US dollars in the summer of 10.000, was able to ensure a real bull run after jumping the magical 20.000 US dollar limit in December: In mid-March it went over 60.000 US dollars for the first time - and even if there were a few corrections gave, a recovery followed again and again, which catapulted Bitcoin even above the level it had previously reached.
But not only the Bitcoin caused a stir. The bull run meant that other digital currencies also experienced soaring heights and were sometimes able to set new records.
But what should you watch out for when you want to buy coins in a digital currency? First of all, you need access via a crypto exchange. In this case, eToro may be a promising variant that can be recommended - because eToro scores with being an online broker who also offers the services of a Crypto exchange provides. Furthermore, eToro also convinces with social and copy trading. This means that you can copy the decisions of experienced traders and transfer them to your own portfolio. However, it should be noted that there is no guarantee of profit here. Because even the experienced trader can go wrong and incur losses. The same applies here: Only invest capital that is freely available - i.e. a loss does not lead to financial difficulties.
eToro is also regulated. The CySEC, the Cyprus Securities and Exchange Commission, which is the Cypriot financial supervisory authority, is responsible for regulation.
If you find that eToro corresponds to personal ideas, so in the end nothing speaks against opening an account.
Step 1: Register with eToro
eToro shows right from the start that you are a very beginner-friendly broker who can very well be trusted. The registration takes no longer than five minutes: eToro only requires a few pieces of information - this includes the first and last name, a user name of your choice, as well as the e-mail address and a password. For the password, it may be advisable to choose a secure combination of uppercase and lowercase letters, special characters and numbers. After the registration has been completed, you can then make the first deposit. The verification process does not start until the first payment is requested.
Step 2: Deposit with PayPal, credit card or instant transfer
And at this point, too, eToro proves that you don't have to make any compromises, as a variety of different deposit methods are available. At eToro you can pay by credit card, but you can also use bank transfer, eWallets or even the online payment service PayPal use.
PayPal in particular should be mentioned here, as this is by no means a matter of course. The online payment service may be popular and well-known, but has not yet been able to assert itself 100 percent in the field of online brokers.
Depending on the chosen deposit method, the money is available immediately or after a few working days. It's particularly quick with a credit card or PayPal; a lot of patience is required if the classic bank transfer is chosen.
Step 3: Buy and Sell Chia Coin
When it comes to buying Chia Coins, two methods are available at the end: You enter the number of coins to be bought and get calculated how much the amount to be invested is or you enter the amount to be invested and learn how many coins you get for it. If you confirm the transaction, the coins are forwarded to the integrated wallet.
By the way, if you only want to speculate on the price of the crypto currencies, you will not acquire any coins. In this case, it's all about that Speculate with the future price development. No wallet is required for price speculation, as no coins are bought.
Almost all experts agree that the crypto market will become even stronger in the near future. And an ever-growing crypto market means that currencies can and will probably also gain weight. Therefore, it may be advisable to invest in the Chia Coin today - if it goes up, you have been there from the beginning and can make high profits here, provided the Chia Coin records corresponding price increases.
Ultimately, the crypto currency chia can very well with Bitcoin can be compared. Coins of the crypto currency Bitcoin can only be produced with professional software or hardware. The production of Chia Coins will also become more and more complex over time. The minimum size for parcels is growing and the computers have to be faster and faster. Smaller storage facilities are being phased out more and more.
In addition, in the end it is the major investors who will increasingly invest in the Chia Coin. The peculiarity? If large hard drives are bought here in order to then work with Chia, delivery bottlenecks for the hard drives may be inevitable.
Even today, the production of coins may no longer be an ordinary hobby. Videos are already shown on YouTube, in which one deals with the acquisition of the right hardware; and here you have to dig deep into your pocket and invest a five-digit US dollar amount.
The Chia Coin is in the ranking of the top cryptocurrencies according to market capitalization.
at number 140. At the beginning, in May 2021, the price was around 500 US dollars; On May 15, 2021, the Chia Coin set the record: 1.645 US dollars. However, it then went down sharply. Today (as of early July 2021) the price is 290 US dollars.
The fact that another attack on the US $ 1.000 hurdle is possible in the foreseeable future cannot be denied at this point. However, the question that will matter is whether another bull run will take place in 2021 or in the years to come.
If you take into account the fact that the current price is around 80 percent of its all-time high, this may well mean that there is enough room for improvement here.
Buy Chia Coin Conclusion: This is the best way to buy Chia Coin
Anyone who deals with the crypto currency Chia will find that there is a new type of crypto currency that is only at the beginning of its journey, but has the potential to gain strength in the foreseeable future. Especially when dealing with the latest forecasts, it is advisable to take a closer look at Chia Coin.