Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Crypto-day trading is a fast-paced investment technique involving buying and selling cryptocurrencies within the same day, usually multiple times. Unlike long-term investing, this short-term strategy needs less capital, which makes crypto trading more accessible to those with restricted funds.
Day traders’ goal is to profit from the crypto market’s short-term price fluctuations by taking advantage of falling and rising markets. Making the most of day trading requires you to choose the best digital currencies for this strategy. Outlined below are the top five cryptos for day trading in 2024.
Bitcoin
Introduced in 2008, Bitcoin is the oldest crypto and has gained a lot of popularity over the years. It’s the largest digital token by market capitalization and is available on major crypto exchanges. Bitcoin prides itself in its high liquidity, meaning there are many buyers and sellers ready to day trade at any time. This ensures fast selling and buying of orders. Bitcoin’s price movements are highly volatile, which allows you, the day trader, to benefit from the short-term price changes. Its volatility makes it quite risky as well.
If you intend to sell and buy Bitcoin, ensure you have an effective risk management strategy that can help minimize risk when trading. The fact that Bitcoin trading pairs are available on many crypto exchanges makes it easily accessible to day traders. The crypto’s consistent market structure also makes it ideal for day trading.
Binance coin
Binance coin, one of the biggest digital coins in the crypto market, is one of the largest crypto exchanges by trading volume. Statistics indicate that Binance coin had a daily trading volume of $76 billion as of August 2022. Binance coin’s high trading volume signifies that the crypto has an active market participation, making it perfect for day trading as it’s easier to exit and enter trades. BNB is highly volatile. Its price keeps fluctuating, allowing day traders to benefit from the short-term price movements.
Ethereum
Ethereum, the second-largest crypto by market capitalization, is another crypto popular among day traders. Its high liquidity and availability on major crypto exchanges make it attractive to day traders. Ethereum’s smart contract capability and dominance in the DeFi (decentralized finance) space make it a preferred choice by day traders. Thanks to its price movements, the crypto has excellent volatility, which traders can leverage to gain significant returns quickly. Ethereum’s high daily trading volume also makes it suitable for day trading.
Solana
Solana has continued to gain popularity in the crypto world and ranks fifth on the list of largest cryptocurrencies by market capitalization. The crypto integrates Proof of Stake and Proof of History to provide low-cost, high-speed transactions. This capability makes Solana, popularly known as Ethereum killer, one of the best cryptos to day trade. Day traders find Solana attractive due to its high daily trading volume and high liquidity on key trading platforms. Its significant volatility enables day traders to benefit from the frequent price shifts.
Ripple
Ripple, a popular crypto with a large market cap, offers cost-effective, cross-border transactions. Besides offering quick transaction confirmation times, XRP is supported by major crypto exchanges. Ripple’s high speed and low transaction cost make it perfect for day traders looking for fast trades. The high volatility the crypto experiences enables traders to take advantage of the market falls and rises to make a profit quickly.
Endnote
Crypto-day trading is perfect for traders seeking to profit from short-term price movements. Familiarize yourself with the cryptos for day trading in 2024.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
