XcelToken Plus is an ERC20 token on the Ethereum Blockchain Platform that is fashioned to build, involve and foster a large crypto-community within the hospitality, retail and gaming sectors. XcelLab is delighted to announce that XcelToken Plus will now be available for trading on 14 Exchange Platforms.

The Ticker name of XcelToken Plus is XLAB

Here are some Trading tips that you can follow to make sure you stay ahead of the game:

Tip#6. Don’t Buy Simply Because the Price is Low

Most beginners make one general mistake: purchasing a coin as it’s price seems to be low or what they consider reasonable. Take, for example, someone who goes for Ripple instead of Ethereum simply because the latter is very inexpensive. The decision to invest in a coin should have very little to do with its affordability, but a lot to do with its marketplace cap.

Just like the conventional stocks are gauged by their market caps, which is evaluated using the formula Current Market Price X Total Number of Outstanding Shares, the same applies to cryptocurrencies.

There is no modification between having a coin valued at $10 per coin with a total amount of 1 million stocks in the marketplace and the same coin being valued at $100 with 100,000 shares in the market. For this purpose, it is more defensible to use a coin’s market cap to choose whether or not to capitalize in it, than using its price. The higher a coin’s market cap, the more appropriate it is for investment.

Tip#7. A Tip About Crowd-Sales/ICOs

During an ICO (Initial Coin Offering), start-ups provide the general public an early chance to capitalize in their idea over a crowded sale. In return, these investors are owed tokens at a lesser price with a potential to sell them at a much higher price when itemized on an exchange platform.

Time has proven that ICOs can quite fruitful with accounts showing that some tokens ended up more than ten times the worth of the expected returns.

The Catch is; ICOs have involved a large number of investors obviously due to their high returns; though, another large amount of ICOs have turned out to be total scams. People have lost millions worth of funds.

There’s a need for one to be more than cautious when looking to invest in any ICO. Knowing when to or not to capitalize in an ICO is not about science; rather, it’s about imbursing close courtesy to those particulars that most people seem to oversee while only focusing on the promised returns.

Conduct a background check on the team behind the project and analyse their aptitude to deliver on their promise. In addition, you should also look at the feasibility of the idea behind the ICO, poke holes in the project’s white paper and seek responses where essential.

That will ensure that no stone is left unturned and, if by the end of it you still have qualms about the venture, you’re better of passing than chance it capitalizing in that ICO.

Tip#8. A Quick One for Altcoin Investors

A lot of Altcoins end up losing price over a period of time, occasionally in an remarkably short period of time. It is, thus, principal to comprehend that whenever you grip an altcoin for the long term, be wary not to hold on to them for too long.

One of the best actions of coins that are flawless for long-term reserves is the daily trading sizes. The complex the daily trading volume, the more appropriate an asset is for long-term investments.

If you’re thinking of going long term with cryptocurrencies, consider participating in some of the following coins: Ethereum (ETH), Factor (FCT), Monero (XRM), and Dash. These have decent trading volumes on various exchanges around the world.

Be sure to also observe the charts of these coins and take note of the numerous value spikes – the patterns can help you know the periods are to sell or buy a coin.

Use these Trading tips on any of the 14 platforms that XcelToken Plus is listed on and make profits now!

More such Trading tips to follow! Keep your eyes peeled !