5 Best Cryptocurrency to Day Trade in 2022 – Economic Times
Cryptocurrency day trading is one of the most lucrative trading strategies in the market. Today, many investors are opening positions in cryptocurrencies, taking advantage of intraday swings in their prices.
However, much of day trading success depends on timing and picking the best Crypto to trade. This roundup considers the best coins to day trade for explosive returns.
The Top 5 Bes…….
Cryptocurrency day trading is one of the most lucrative trading strategies in the market. Today, many investors are opening positions in cryptocurrencies, taking advantage of intraday swings in their prices.
However, much of day trading success depends on timing and picking the best Crypto to trade. This roundup considers the best coins to day trade for explosive returns.
The Top 5 Best Cryptocurrency to Day Trade in 2022
Here, we discuss more on the available options for the
best crypto for day trading.
- Lucky Block (LBLOCK): Overall Best Cryptocurrency To Day Trade
- Bitcoin (BTC): Best Crypto to Day Trade with Massive Liquidity
- Binance Coin (BNB): Best Coin with Easy Fundamentals To Read
- Dogecoin (DOGE): The Market’s Top Meme Coin
- Ether (ETH): A Large-Cap Coin With Massive Potential
A Closer Look at Best Cryptos for Day Trading
1. Lucky Block (LBLOCK): Overall Best Cryptocurrency To Day Trade
The very best cryptocurrency to day trade is LBLOCK. This lottery token has a lot of prospects, and it has drawn massive attention despite being a new coin.
LBLOCK is the native token for
Lucky Block. The platform was built with the aim of disrupting the online gaming industry, using blockchain technology to transform the way gamblers play online games.
Lucky Block uses the blockchain to ensure transparency and fairness in transactions. The platform is looking to break into the online gaming space, which is valued at
$230 billion right now.
LBLOCK users have access to play games available on Lucky Blocks’ platform. The token was listed this January on PancakeSwap – a top decentralized exchange – at a listing price of $0.00020. Less than a month later, LBLOCK reached an all-time high of $0.0096. The digital asset currently trades at $0.0039, which is still a massive jump from its listing price.
LBLOCK developers are currently working on an upgrade to ensure the coin will be available on centralized exchanges. The LBLOCK V2 was
announced in March, and it is expected to enable seamless day trading without any excess taxation. The upgraded coin is also expected to come with a price booster mechanism that will open LBLOCK to Ethereum liquidity pools, creating an even more enabling environment for day traders.
Buy LBLOCK Now
Cryptocurrency markets are highly volatile and your investments are at risk.
2. Bitcoin (BTC): Best Crypto to Day Trade with Massive Liquidity
Bitcoin’s place as the most valuable cryptocurrency has never been in doubt. The premier digital asset’s global appeal and high liquidity makes it one of the best day trading cryptocurrency options.
Today, there is barely any asset that has gotten global adoption from exchanges like Bitcoin. Users of this asset have a massive opportunity to enjoy arbitrage trading as well.
Buy Bitcoin Now
Cryptoassets are a highly volatile unregulated investment product.
3. Binance Coin (BNB): Best Coin With Easy Fundamentals To Read
Binance Coin is the most popular exchange token in the world. The asset was launched by Binance – the world’s largest cryptocurrency exchange and one of the most popular names in crypto.
So, why is BNB among the best crypto for day trading? First is the assets’ ties to Binance, the world’s
largest crypto exchange, Binance is always in the news. This means that updates with the exchange will definitely spill over to affect BNB’s price.
BNB is also popular for its numerous use cases within the Binance ecosystem. From fee payments to staking in the BB Vault, there are several functionalities that drive the coin’s price.
BNB is also fairly liquid. It is the third most valuable cryptocurrency in the world, and is accepted by most crypto exchanges.
Buy BNB Now
Cryptoassets are a highly volatile unregulated investment product.
4. Dogecoin (DOGE): The Market’s Top Meme Coin
Dogecoin has many reasons to be among the best crypto to day trade. It is the poster child for meme coins – assets that don’t specifically have a use case, but which are still popular nonetheless.
One thing that characterizes many meme coins is price volatility. DOGE can see its price jump by as much as 20% in a single day- on such a day, being a day trader invested in the coin will be a boon to you.
Buy DOGE Now
Cryptoassets are a highly volatile unregulated investment product.
5. Ether (ETH): A Large-Cap Coin With Massive Potential
Rounding off our list of the best day trading cryptocurrency is Ether. The digital asset comes in second after Bitcoin with a billion dollar market cap. Its constant growth over the past few years has intrigued investors to purchase and trade more.
Ether’s value is tied primarily to the Ethereum blockchain. Ethereum is the largest layer-1 smart contract blockchain in the market, meaning that it is quite literally “too big to fail’” for crypto. As one of the biggest names in the market, Ether is always on the news – whether due to some adoption news or because of upgrades coming to the Ethereum chain.
Buy ETH Now
Cryptoassets are a highly volatile unregulated investment product.
How to Buy the Best Cryptocurrency for Day Trading
Looking to begin
crypto day trading? We provide a detailed guide on how to begin day trading with our recommended platform, eToro. If you’re looking to buy Lucky Block as well, follow these simple steps:
How to Buy Lucky Block
Lucky Block is our top choice for the best cryptocurrency to day trade. Looking to get started? You can easily
buy LBLOCK from a centralized crypto exchange like LBANK. However, we recommend you buy the digital asset on the DEX platform, PancakeSwap.
Visit the PancakeSwap official website
here.
Click on ‘Connect Wallet’ and choose the wallet you want to pair with the PancakeSwap interface. The exchange currently supports several wallets, including MetaMask, Trust Wallet and Wallet Connect
You can easily buy LBLOCK using the USDT pair. However, several investors prefer using BNB due to its high liquidity.
If you own BNB in your crypto wallet, you can head straight to buy LBLOCK. Otherwise, you can buy BNB and transfer it to your wallet.
Click on the ‘Trade’ button on PancakeSwap and tap ‘Exchange.’
Choose BNB in the ‘From’ section and search for ‘LBLOCK’ in the ‘To’ section. Set the slippage level according to the recommended metrics and click on ‘Swap.’
Buy LBLOCK Now
Cryptocurrency markets are highly volatile and your investments are at risk.
How to Buy Cryptocurrency on eToro
If you want to buy any other digital asset, you can turn to our recommended crypto broker, eToro. Follow these quick steps to start buying cryptocurrencies on the crypto app.
Go to the
eToro home page and click on “Join Now.” Fill in the required details and click on ‘Create Account’ to get started
To verify your eToro account, upload proof of identity and residency.
Go to the ‘deposit” button on your home page and fill out your transaction details. The minimum deposit is $10.
Search for your coin in the search bar and click on “Open Trade.” Enter the transaction details and click on “Trade” to open the order page. Fill in the amount of coins you want to buy and click on ‘“Open Trade” to complete the transaction.
Conclusion
Day trading is a very lucrative endeavor in the crypto market. It allows you to profit off moves in coin prices and offers a great way for you to optimize your earnings. As long as you have the right strategy and can find the right coin, you should be able to make money.
If you’re looking for the best crypto to day trade, LBLOCK is definitely the top option. This asset has a lot of prospects as it is, and it’s also available at a relatively low price.
Buy LBLOCK Now
Cryptocurrency markets are highly volatile and your investments are at risk.
Disclaimer:
The above content is non-editorial, and BCCL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Crypto/NFTs are unregulated, highly risky, and there may be no regulatory recourse for any loss from such transactions. Games of skill and chance involve an element of monetary risk and may be considered addictive. Readers to exercise caution/due diligence, and comply with all applicable laws, including but not limited to taxation laws. Above content does not constitute investment advice nor promotes, suggests or presents Crypto/NFTs to solve financial difficulties/achieve financial security/act as an alternative to employment/income opportunity.
Disclaimer: Content Produced by CryptoPR
