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What are the most volatile cryptocurrencies to day trade?

avatarunnat singhDec 17, 2021 · 3 years ago3 answers

I'm looking for the most volatile cryptocurrencies that are suitable for day trading. Can you recommend some highly volatile cryptocurrencies that I can trade on a daily basis?

What are the most volatile cryptocurrencies to day trade?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure! When it comes to day trading, volatility is key. Some of the most volatile cryptocurrencies that you can consider for day trading are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have a history of significant price fluctuations, providing ample opportunities for day traders to profit. However, it's important to note that volatility also comes with increased risk, so make sure to do your research and use proper risk management strategies.
  • avatarDec 17, 2021 · 3 years ago
    If you're looking for highly volatile cryptocurrencies for day trading, you might want to consider altcoins like Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), and Chainlink (LINK). These cryptocurrencies have shown significant price movements in the past, making them attractive for day traders who are seeking quick profits. Just keep in mind that volatility can work both ways, so be prepared for potential losses as well.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers a wide range of highly volatile cryptocurrencies for day trading. Some of the top choices include Ethereum Classic (ETC), Binance Coin (BNB), and Stellar (XLM). These cryptocurrencies have a strong trading volume and are known for their price volatility, making them suitable for day traders who are looking for fast-paced trading opportunities. Remember to always stay updated with market news and trends to make informed trading decisions.