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Introducing the best cryptocurrency for daily and hourly trading
What currencies are included in the list of the best digital currencies for daily and hourly trading? Day trading is a popular way to enter the digital currency trading market and can provide good profitable opportunities for individuals in the short term. In this article, we intend to learn more about the types of best currencies for hourly trading and their strategies.
What are day trading strategies?
Day trading, as much as it can be profitable in the short term, also requires a lot of care and attention. Day trading strategies also mean keeping in mind important points that you need to pay attention to when buying and selling digital currency so that you can make the best decisions during the transaction and not act emotionally in critical situations.
Understanding the different types of cryptocurrency day trading strategies
Even if you find the best cryptocurrency for day trading, you won’t make a good profit without a proper and disciplined strategy. Strategies used for day and hourly trading generally include: scalping, range trading, high-frequency trading, moving average trading, reversal trading, and arbitrage.
What are the features of the best cryptocurrency for hourly and daily trading?
How to choose the best cryptocurrency for day trading? There are a few key criteria you should consider:
• Fluctuations
Volatility refers to the degree to which a currency’s price changes over a given period of time. In the digital currency market, the greater the volatility, the greater the opportunities for profit. Of course, the higher the risk of trading.
• Liquidity
Liquidity for an asset means that it can be easily bought and sold without a significant impact on its price. Liquidity is especially important in hourly trading, as people need to be able to open and close their trades quickly and with minimal price slippage.
• Trading volume
The higher the trading volume of a cryptocurrency in the market, the more suitable it is for daily and hourly trading. The easier it is to predict the price of these currencies for day trading.
• Market depth
Market depth refers to the number of buy and sell orders waiting to be completed for a particular cryptocurrency.
• Availability of transactions
The currency you choose should be easily accessible on your preferred exchange. The more widely used a currency is, the easier this will be to achieve, as it is likely to be traded on a wide variety of cryptocurrency exchanges.
• Market value
Market value or market cap represents the cash value of an asset. For example, Bitcoin currently has the largest market capitalization among cryptocurrencies.
List of the best cryptocurrencies for hourly and daily trading
Below, we will examine some examples of the best cryptocurrencies for day trading that best meet the aforementioned criteria and criteria.
1. Avalanche (AVAX)
The first item on the list of introducing the best cryptocurrency for day trading is low fees, high liquidity, availability of transactions, etc., all of which are among the reasons for Avalanche’s popularity for day trading.
2. Dogecoin
Dogecoin is the most popular meme coin on the market and is considered the best cryptocurrency for day trading. Its high price volatility is especially a major advantage for day trading.
3. Ripple (XRP)
Ripple is a well-known cryptocurrency that has recently experienced significant price volatility due to news of its legal battles with the US Securities and Exchange Commission. This provides a good opportunity for day trading.
4. Filecoin (FIL)
Another option on the list of the best cryptocurrencies for day trading is Filecoin. It is a decentralized and secure cryptocurrency that is used to store all kinds of data.
5. Solana (SOL)
Low fees and fast transaction speeds are some of the reasons for Solana’s popularity. The Solana ecosystem has been growing well and, with new projects being built on this blockchain, it is a good option for investment.
6. Tether (USDT)
Tether is one of the best cryptocurrencies to trade in Iran. It is particularly liquid and its fluctuations are directly related to the price of the dollar.
7. Ethereum (ETH)
Ethereum has high price volatility and liquidity and is the second largest cryptocurrency in the crypto trading market.
8. Bitcoin (BTC)
Many people enter the Bitcoin trading market with even minimal capital to buy Bitcoin . Bitcoin has always been a popular choice for hourly and daily trading. The price fluctuations of this currency provide a good opportunity for greater profits, and its extraordinary liquidity and high trading volume are also among the advantages of Bitcoin for day trading.
9. Tron (TRX)
Tron is fast and has low transaction fees. Its price volatility also makes it possible to trade daily.
10. Shiba (SHIB)
The last item on our list of the best cryptocurrency for day trading is Shiba. Shiba is one of the beloved meme coins in the cryptocurrency market that still has a lot of fans.
Best Altcoins for Hourly and Daily Trading
The list of the best cryptocurrencies for day trading includes some altcoins that perform well in the cryptocurrency trading market.
• Polkadot (DOT)
Its high trading volume and large number of users have made it to the list of the best digital currencies for day trading. Its increasing use in the market will also improve its popularity for day trading.
• Polygon (POL)
Polygon has low fees and fast transaction speeds. It is also traded on many reliable platforms and is suitable for day trading due to its price fluctuations in the market.
• Litecoin (LTC)
Litecoin is considered one of the best digital currencies to invest in . It also provides good opportunities for day trading due to its high transaction speed, reasonable fees, price fluctuations, and more.
Final conclusion
In this article, Farhad Moghadam Salimi’s Crypto School reviewed and introduced the best types of cryptocurrencies for day trading and their strategies. If you have just entered the field of buying and selling cryptocurrencies, it is better to take as much advice and learning as possible before taking any action so that you can enter the vast crypto trading market with the least possible risk and full awareness.
Frequently asked questions
1. What are the best cryptocurrencies for day trading?
Bitcoin, Solana, Ethereum, Tron and…
2. What are the best strategies for daily and hourly trading?
Scalping, arbitrage, etc. The choice between them depends on you and your circumstances.
