Top 5 Cryptocurrency for Day Trading in 2019
We all know how trading works. Whatever cryptocurrency you buy at a certain price, you essentially sell it for more than that price to make a profit. Day trading can be considered as short-term trading where you hold the asset […]
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
We all know how trading works. Whatever cryptocurrency you buy at a certain price, you essentially sell it for more than that price to make a profit. Day trading can be considered as short-term trading where you hold the asset only for a few hours before selling it.
Day trading is definitely one of the best ways to make a profit in a shorter time-frame. Here is a list of factors based on which we have decided the top 5 cryptocurrencies for day trading:
Okay, let’s move to the top 5 list of cryptocurrencies that are best suited for day trading.
1. Ethereum (ETH)
Being the second-largest cryptocurrency in the world, Ethereum secures its position at the top of this list. Ethereum has high volatility and its use cases are increasing day by day because of its smart contract application and decentralization. For day traders, higher the volatility implies higher is the profit gained within a short span of time. Here is the fun part, you can make money anytime even if the price of ETH is going up or down. And ETH is available in almost all the exchanges out there. The current market cap of ETH is around $20,073,274,846.
2. Binance Coin (BNB)
Binance was based on Ethereum but just recently BNB released its own main net coin by the name Binance coin. BNB is becoming the center of attraction for most of the day traders because of its rising demand and popularity. The users deploy BNB tokens to pay the fee charged by the exchange for using their services. More often than not, the fee charged by the exchange includes trading fees, exchange fees, and listening fees. The current market cap of the Binance coin is around $3,097,722,462.
3. Tron (TRX)
Tron lately has been receiving a lot of positive news and partnerships in the press. It has a very active community plus it is quite volatile. All the factors make TRON one of the best cryptocurrency for day trading. There is nothing to worry about in terms of exchanges as Tron gets the support of most popular crypto exchanges. TRX holds a market cap of $1,265,199,956.
4. EOS
Along with active team support, EOS is easily one of the top cryptocurrencies in the world. EOS created a high level of volatility by skyrocketing its price multiple times. Day traders use this volatility as an advantage to make a profit. EOS is available in most of the exchanges present across the world. EOS has a market cap of around $3,257,592,404.
5. TrueUSD (TUSD)
TUSD is a stable coin. You can buy and sell TUSD on the same day as its value fluctuates by several cents. TUSD has been gaining enough attention lately, especially since the Tether and Bitfinex scam. Moreover, TUSD can be used to trade other cryptocurrencies, so as not to experience losses. All of these make TrueUSD a viable option for day trading. TUSD holds a market cap of $173,953,381.
Follow us on Twitter, Facebook, Steemit, and join our Telegram channel for the latest blockchain and cryptocurrency news
Related articles
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
October 5, 2021 9:32 PM
Crypto Trading Or Crypto Investing?
Trader have always confused the trading and investing strategy. In this article, you will learn the notable differences between the strategies
November 8, 2021 11:01 AM
Top 3 Crypto Exchanges In The Crypto Market
The crypto market is saturated with more than 100 crypto exchanges. In this article, we will be looking at the top three crypto exchanges.
May 20, 2021 5:45 PM
Why did Cryptocurrencies crash on May 19?
Given the volatility of crypto, there is some normal anxiety on the market, but a series of recent events led to a severe crypto crash.
August 5, 2023 3:09 PM
Comprehensive Guide to Cryptocurrency Trading Bots
Delve into our comprehensive guide to cryptocurrency trading bots. Understand their importance, factors to consider when selecting a bot, and an in-depth analysis of top bots. Amplify your crypto trading potential.
June 15, 2022 9:35 AM
Best Cryptocurrency Exchanges To Short Sell During the Crash and Make Money
This post is all about the best cryptocurrency exchanges to short sell during the crash. Let's take a look at it in more detail
August 24, 2021 10:33 AM
What are long and short positions in cryptocurrencies?
The concept of long and short is simple and easy to understand. The basic principle behind Crypto Trading is necessary for every trader. Long and short
June 14, 2022 2:08 PM
Top 5 reasons why the Crypto Market is Crashing – You may have missed these!
The crypto market crashed hard in 2022. However, there are many factors that contribute to this decline. Why is the crypto market crashing?
December 13, 2023 1:27 PM
Understanding the Recent Crypto Market Drop
Find out why the crypto market went down and then back up again, focusing on Bitcoin and Ethereum's quick bounce back.
April 17, 2022 12:05 PM
Top 5 Small Cap Crypto To Invest in April 2022
With the crypto market undergoing volatility, this article focuses on the top 5 small cap crypto that traders can purchase in the market.
May 5, 2023 12:58 PM
How to Become a Successful Trader in 2023 – 5 Steps to Follow
Follow each of the 5 tips step by step to become a successful trader. The only way to get better is by trying and learning every day.
June 3, 2022 10:26 AM
Top 3 Best Centralized Exchanges For June 2022
In this article, we will be looking into what centralized exchanges are with a highlight of the top 3 best-centralized exchanges.
September 24, 2023 8:56 PM
Shiba Inu Price Prediction: How High Can Shiba Inu reach Short-Term?
What's next for SHIB? Will its prices touch the much-anticipated $0.000010 mark? Let's analyze in this Shiba Inu price prediction.
January 6, 2023 5:10 PM
Crypto Millionaire: Buy THESE Cryptos before they BOOM in 2023?
Which cryptocurrencies should you buy now that the new year is here? Here are 3 picks that can make you a crypto millionaire in 2023.
July 25, 2022 9:16 PM
Crypto Correction Happening – Why are Cryptos DOWN?
In the past 2 days though, we noticed a slight crypto correction lower. Is now the time to buy cryptos at cheaper prices or should you wait?
July 14, 2022 4:54 PM
5 EXCELLENT Ways to Survive the Bear Market as a Crypto Investor
What to do in a bear market? Let's talk about 5 excellent ways for crypto investors to survive in the current cryptocurrency bear market.
September 7, 2021 7:05 PM
3 Reasons why the Crypto Market CRASHED! Here’s what happened
Why did the crypto market crash? In this article, we'll have a closer look at why did this sudden crash happen and discuss 3 reasons.
April 28, 2021 8:37 AM
Why is the Crypto Market Down? The Answer will SHOCK you!
After last week's correction, today marks another bad day for the crypto market. A major bearish news came from the US. Why are Cryptos down?
July 1, 2018 4:21 PM
Reasons behind dismal performance of cryptocurrencies in recent time
2018 has indeed been a bad year for cryptocurrency so far. Every single relevant cryptocurrency has lost roughly 25% of its initial value since late last year after a terrible quarter one and two, that have seen bitcoin’s price plunge by more than 60%.
August 22, 2024 9:00 PM
MAJOR Bitcoin News: Bitcoin Price SURGE Expected At This Level
Bitcoin and Ethereum are at critical junctures, with key resistance levels in sight. Are the markets poised for a breakout, or will bearish pressures prevail? Explore the latest analysis and insights.
March 29, 2024 6:11 PM
AI Coins Before the 2024 Bitcoin Halving: How Verasity, Fetch.ai, SingularityNET and ICP Fared
In March 2024 these four AI coins were tipped as halving winners. By September 2026 all four had lost 80 to over 90 percent, while Bitcoin rose.
March 9, 2024 4:51 AM
Bitcoin Price Hits $70,000: What’s happening in the Market?
Explore the latest Bitcoin price movements as it hits $70,000. Discover market dynamics, Ethereum's journey, and the impact on traders in this detailed update.
October 25, 2023 5:35 AM
A Detailed Guide on How to Grow Your Crypto Savings in the Next 12 Months!
Many investors are looking for ways to grow their crypto savings in the next 12 months. In this detailed guide, we will explore strategies.
September 7, 2023 1:50 PM
Top 5 BIG Crypto Predictions: Buy Cryptos Today?
There are various patterns and trends that are visible in the crypto market. Here are our top 5 big crypto predictions over the next years.
September 1, 2023 7:10 PM
Top 3 Cryptos to WATCH during the current Crypto Consolidation
A Bitcoin crash doesn't necessarily mean one should immediately jump into selling altcoins. Here's our list of the top 3 cryptos to watch.
June 18, 2023 7:41 AM
Predicting Cryptocurrency Trends: Which Bag Will Make You the Most Money in the Next 3 Years?
Cryptocurrency has rapidly gained momentum. Let's take a look at this Cryptocurrency trends article in more detail.
More from CryptoTicker