Cryptocurrency

February 2, 2021

Updated:

October 24, 2024

These Were The Most Profitable Trades On Binance During January

AltSignals has recently released its new monthly report for the month of January with massively good results for its followers. In this report, we have seen that BitMex, Binance and FX trading signals provided by AltSignals were profitable the first month of the year. In this article, we will go and analyze some of the details related to this report and see which were the most profitable trading pairs on the Binance platform in January. If you want to know more about Binance or about AltSignals you can read our guides about them:

Illustration of Binance's most profitable trades in January, showcasing charts, profit indicators, and successful trade highlights in orange, rose, dark blue, and midnight blue tones.

AltSignals has recently released its new monthly report for the month of January with massively good results for its followers. In this report, we have seen that BitMex, Binance and FX trading signals provided by AltSignals were profitable the first month of the year. In this article, we will go and analyze some of the details related to this report and see which were the most profitable trading pairs on the Binance platform in January. If you want to know more about Binance or about AltSignals you can read our guides about them:

Best Trades On Binance During January

As it is possible to see in the official AltSignals report for January, Binance reported a January with a total profit of 55% for traders. Although it may seem a low amount, this is extremely high, considering that holding would have provided lower returns to investors.At the same time, the signals provided by the company throughout the month were 21 of which 8 of them were profitable and 13 of them were not profitable. This shouldn’t be considered negative. Indeed, AltSignals works with a very tight stop loss technique that would allow traders to reduce the risk if the trade doesn’t move in the right direction.The winning trades were much more profitable than the money lost by losing trades. The best trading pairs – the most profitable ones – were linked to altcoins traded against Bitcoin (BTC). As per the report released by AltSignals, the top 5 most profitable trades made in January included the following trading pairs:

  • HC/BTC — 29.7% profit
  • LINK/BTC — 23.7% profit
  • ENJ/BTC — 19.9% profit
  • WAN/BTC — 17.5% profit
  • NKN/BTC — 11.9% profit

Hyper Cash (HC)

The first one is Hyper Cash (HC), a virtual currency that was released back in 2017 and that experienced a very good beginning of 2020. Although the virtual currency is still far from its all-time high reached in early January 2018, this could be the moment for it to start moving forward. You can see the way in which this virtual currency behaved in the last few years:

5e52fd6a33d368020b3c1332 hypercash charts 300x206 1

ChainLink (LINK)

LINK is making reference to Chainlink, a cryptocurrency that had an exceptional performance throughout the last years. It is difficult to find altcoins with the performance experienced by Chainlink. Indeed, this virtual currency is close to reaching new highs and the month of January was very positive for this digital asset. In the future, it could continue growing and generating great profits for traders. As shown in the report, LINK/BTC produced great gains for traders that registered 23.7% profits by following AltSignals trading signals. Entering and exiting at the right moment is also a key thing to take into account for the future.

5e52fd6b2c16e81ceb14c605 chainlink charts 300x206 1

Enjin Coin (ENJ)

Enjin Coin is also a popular virtual currency that is linked to the gaming community platform called Enjin Network. The company decided to conduct an Initial Coin Offering (ICO) in 2017 and they gathered over $18.9 million in funds from investors. This Enjin Coin (ENJ) is now allowing users and gamers to increase their revenue with the ownership of digital assets and tokenized assets. The solutions provided by Enjin – which is an Ethereum-based virtual currency – allow individuals to back the value of blockchain assets. January was very good for Enjin, which allowed it to reach the highest price since June 2019.

5e52fd6b258ffef7bb8dac72 enjin coin charts 300x206 1

Wanchain (WAN)

This virtual currency is somehow different from the ones mentioned before. Indeed, this cryptocurrency is still close to 98% down from its all-time high. This shows that this virtual currency is experiencing problems to move forward in the market. At the moment, WAN wants to create a financial market by connecting a wide range of virtual currencies. In order to do so, they have developed cross-chain solutions that allow it to transfer value between different blockchain networks.

5e52fd6b337309e6b9f7887a wanchain charts 300x206 1

NKN

Finally, this virtual currency registered 11.9% growth against BTC in one of the most profitable trades on the Binance platform in January this year. This virtual currency is among the largest 300 in the world and it aims at becoming a new P2P network connectivity protocol. They are also working in order to attract users to share their network connecting and unused bandwidth.As it happened to many altcoins, January was very positive for this virtual currency. Nonetheless, it is far from its all-time high.

5e52fd6b33730962b1f7887b nkn charts 300x206 1

Trade Like a King With AltSignals

Are you a novice trader and you’d like to improve your trading skills? Are you a trading expert and you want to confirm your moves are accurate? AltSignals is the right tool for you. With AltSignals you will receive one of the most accurate trading signals in the market. Check it out and don’t miss a trade anymore.

AltSignals Team

Proficient authors guiding you with transparency, integrity and education through the finance international markets

The AltSignals writing team consists of experts dedicated to the world of finance and technology, with a particular focus on cryptocurrencies and forex. Our writers bring a broad range of knowledge and experience, cultivated through years of arduous and direct involvement in financial markets, as well as intense technological collaboration.

Editorial approach

At AltSignals, we believe that transparency and education are the key to empowering our readers. Therefore, our content is meticulously researched to ensure its accuracy and thoroughness. Each of our articles is created with the aim of providing educational insights and in-depth analysis, helping both beginners and experienced traders.

Commitment to quality

Integrity is certainly the foundation of our editorial process. The team follows rigorous journalistic standards with careful review, all to ensure that each publication is meticulously researched and exceeds our readers’ expectations.

Our mission is to provide analysis that informs as well as guides users and enthusiasts through the complexities of the cryptocurrency and forex markets. In line with our motto of “quality over quantity”, we guarantee that only the highest quality trading signals are published.

In addition to our commitment, which extends beyond the simple transmission of useful information, our in-depth analysis focuses on profitability and effectiveness squarely, avoiding the common industry habit of prioritizing profit over accuracy. Our traders are strategic experts who offer personalized help to those seeking worthwhile portfolio management tactics.

Diverse knowledge

Our authors are proficient in a variety of topics across the financial spectrum, from emerging trends in blockchain to the nuances of forex trading. This diverse range of knowledge allows the team to cover several topics, ensuring our content is always comprehensive and deeply specialized.

Interactivity and support

We understand that the world of trading can be complex for many. Therefore, alongside producing informative articles, our team is also committed to interacting with the community. Through comment sections, forums and direct support, we encourage our readers to seek clarification and sharpen their understanding, promoting an environment of continuous learning.

Future vision

Looking to the future, the AltSignals writing team is imbued with a vision that transcends regular publishing, and continues to dedicate itself to discovering and reporting on the latest innovations and trends available in the market. We are constantly seeking to improve our skills and expand our knowledge, with the ultimate goal of being a reliable and respected source in digital financial journalism.

There is great commitment to discovering and reporting not only the latest news and trends in the market, but also to equipping our readers with the tools they need to navigate volatile markets with confidence. We firmly believe that, with the support of an appropriate platform coupled with accurate guidance, our readers and traders can turn market volatility into a competitive advantage.

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