If you’re looking for best day trading coins that are volatile and have the potential to make you some serious profits, Cosmos is a great pick. This coin has seen some massive price swings in its short time on the market, and it shows no signs of slowing down. Ethereum has a really wide price range, which means that there will be plenty of opportunities to buy low and sell high. The key to day trading Cosmos is to watch the market closely. Take advantage of every opportunity.

Additionally, you can use the news to predict whether you should open short or long positions. At the time of writing, it was within the top 60 cryptocurrencies by market capitalization on CMC, which ensures at least a baseline level of liquidity. What are the Best Cryptos to Day Trade? Fantom is probably the least known cryptocurrency on this list, but it does not make it any less lucrative for day traders. It has all the things one might wish for in a digital asset suitable for crypto day trading: low fees, fast transaction times, and high trading volume. Now that we know what to look for in a good day trading crypto, let’s take a look at some of the best options out there.

Now, let’s explore the alternative strategy of HODLing. Long-Term Potential: Historically, holding onto cryptocurrencies for the long term has allowed investors to benefit from overall market growth. The decision between day trading and HODLing ultimately depends on your individual preferences, risk tolerance, and investment goals. Reduced Stress: HODLing requires less active management, reducing the stress associated with constant market monitoring. Patience Required: Returns may take longer to materialize compared to day trading, and investors need patience during market fluctuations. Less Susceptible to Short-Term Volatility: Long-term investors are less affected by day-to-day price fluctuations. Potential for Opportunity: During periods of high volatility, day traders might seize short-term opportunities that long-term investors may miss.

Crypto Trader Bot

Copy trading is perfect for beginners or those who want to trade crypto but don’t have the time or knowledge to do it themselves. Just like the name suggests, copy trading involves basically copying the trades of another crypto trader. The benefit is that you don’t have to research which coins to trade or keep an eye on things like market sentiment; that’s all done for you. When they buy or sell a coin, you do the same. You can simply sit back. Watch your account grow…

And although potential longevity does not matter much for day traders, it ensures that there are always new (and often inexperienced) traders seeking out this cryptocurrency on any crypto trading platform. Apart from this, it is the most liquid crypto, meaning there are always buyers and sellers available. Bitcoin, the largest and most well-known cryptocurrency, has the biggest market cap in the industry. Profit-making potential even further. This increases its liquidity. Bitcoin has exceptionally huge trading volume and high volatility, and, overall, one can consider it a solid choice for day trading.