Traders will go long when they expect that the price of the asset will rise. Alternatively, they go short when they expect that the price will fall.
Trading digital currencies is different from trading forex markets or the other traditional forms of financial markets. They are relatively new trading assets, and they are influenced by many factors, different from what influence Forex, commodities and others. The leader of digital currencies is without doubt Bitcoin. Find here some other well-performing digital currencies:
Bitcoin Cash (BCH) - Bitcoin Cash was created in 2017 from a hard fork with Bitcoin. It is a new version of Bitcoin, which is subject to different rules and it is able to process more transactions due to its higher capacity.
Ethereum (ETH) - It is more than just a digital currency. It is like a supercomputer that is made up of many computers around the globe. Ethereum is a base for the creation of computer programs, called smart contracts. This grew the value of Ethereum by almost 10,000% in 2017.
EOS - This digital currency is the biggest competitor of Ethereum. It gained its popularity for the efficiency and security in processing transactions. It is similar to the Ethereum technology, but faster, more scalable and allows users to create applications more efficiently.
Bitcoin Gold (BTG) - It is a second derivative from Bitcoin source code. BTG brings the entire transaction history of Bitcoin with it. If you owned Bitcoin before the split, now you own the same amount of BTG also.