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10+ Best Cryptocurrencies to Day Trade

Today trading crypto is fast becoming more popular than trading stocks - the higher market volatility attracts retail investors looking for faster, higher gains each month, week or within the space of a day (known as day trading).
Day Trading Crypto
Day Trading Crypto

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

In this article, we will look deeper into the crypto day-trading tactic, where everyone forgets all about stablecoins, earning yield, or a buy and “hold” strategy – or, in crypto terms, “HODLing”. Day trading is all about observing the market’s volatile state non-stop and acting upon its movements to generate a profit.

Day trading crypto assets might be the riskiest way to invest in crypto (remember to set a stop loss on each trade to manage risk). Still, it’s also the fastest way to make money with cryptocurrency – once you have enough experience.

Best Day Trading Crypto Coins – Top List

  1. Dogeverse – Day Trading Meme Coin with Multi-Chain Features
  2. Sealana – Best Day Trading Meme Coin on the Solana Blockchain
  3. WienerAI – Trending Memecoin That Could Show Major Volatility Upon Launch
  4. Mega Dice – New Token With Thrilling Opportunities
  5. 99Bitcoins – Empowering Traders Through Crypto Education
  6. Smog – Best Day Trading Memecoin on the Solana Blockchain
  7. Sponge V2 – Best Day Trading Memecoin Following the Popularity of Sponge V1
  8. eTukTuk – Presale Project Ideal for Day Trading Upon Launch
  9. Myro – Best Memecoin to Day-Trade in 2024
  10. Pyth Network – Best Utility Token to Day Trade in 2024
  11. Immutable X – Low Cap Gem with the highest 24h trading volume
  12. Flux – Promising token with low cap, high volumes, and good chart projection
  13. Verasity – Promising low-cap coin released by ambitious blockchain company
  14. Metahero – An interesting token backed by an advanced metaverse company
  15. OpenDAO – Backed by a community centered around improving blockchain for both creators and collectors
  16. StormX – Unique crypto project that gives airdrops when you shop online

Best Cryptos to Day Trade – Full Reviews

Dogeverse – Day Trading Meme Coin with Multi-Chain Features

Meme coins are the best assets for cryptocurrency day trading. That is why leading the best day trading token right now is Dogeverse. This innovative meme coin has shattered the constraints of traditional blockchain networks, enabling traders to seamlessly execute transactions across Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.

Dogeverse Multi Chain Token

What makes Dogeverse a standout contender for day traders is its unparalleled liquidity and market volatility. As a meme-inspired token, Dogeverse is known for its price fluctuations, providing traders with ample opportunities to capitalize on short-term price movements and generate substantial profits. But the real kicker? Dogeverse has reserved a staggering 10% of its total token supply for a staking program that offers jaw-dropping yields of over 500% APY.

By combining the benefits of multi-chain accessibility, inherent volatility, and lucrative staking rewards, Dogeverse emerges as a must-have addition to any day trader’s toolkit. This versatile meme token not only offers the potential for rapid gains but also serves as a reliable passive income stream, empowering traders to compound their earnings and solidify their position in the ever-evolving crypto landscape.

Visit Dogeverse

Sealana – Best Day Trading Meme Coin on the Solana Blockchain

What sets Sealana apart as the ideal day-trading crypto is its distinctive motives, reflected in the unique imagery showcased on its website.

Sealana

The narrative crafted by this meme coin revolves around Sealana, a seal character inspired by South Park’s gamer persona. Ignoring health concerns, Sealana’s focus is solely on uncovering the best meme coins within the Solana blockchain, fueled by a diet of tinned tuna and coke. This character’s obsession mirrors the mindset of a degenerate (degen) investor, prioritizing potential quick gains over risk assessment.

Sealana’s ability to resonate emotionally with the crypto community, coupled with its comedic undertones, has attracted day traders to participate in the ongoing presale. They see Sealana as an opportunity to capitalize on day-trading victories.

Free from utility constraints and extravagant promises, Sealana is a straightforward asset that thrives on market volatility, making it a favored choice in the day-trading realm where quick profits are sought.

Visit Sealana

WienerAI – Trending Memecoin That Could Show Major Volatility Upon Launch

WienerAI, currently in its presale phase, offers a compelling opportunity for day traders looking for volatility and potentially high returns characteristic of memecoins. Given its status as a memecoin with a unique, humorous backstory while blending AI and canine traits with a twist of sausage DNA, WienerAI is poised to capture the whimsical and speculative essence that often drives significant price movements in the cryptocurrency market.

WienerAI

The inherent nature of memecoins like WienerAI tends to attract a large volume of retail investors who are drawn to the novelty and community-driven hype surrounding such projects. This typically results in high trading volumes and substantial price volatility post-launch, especially as the coin hits popular exchanges. For day traders, this volatility is a golden opportunity. The rapid price fluctuations can be leveraged for short-term trading strategies, allowing savvy traders to capitalize on price dips and spikes through careful market timing and technical analysis.

Once WienerAI transitions from its presale to being listed on exchanges like Binance or Coinbase, the increased accessibility and liquidity are likely to enhance these volatile price dynamics further. Traders should be prepared for the swings that are common with newly launched memecoins, which can be driven by social media buzz, influencer endorsements, and initial speculative interest.

For those considering day trading WienerAI, it’s crucial to stay informed about the token’s market movements and community sentiment, especially during the early stages post-launch when memecoins often experience their most dramatic price movements. While day trading involves higher risks, especially with highly volatile assets like memecoins, WienerAI presents an intriguing option for traders looking to engage actively in the cryptocurrency markets.

Visit WienerAI

Mega Dice – New Token With Thrilling Opportunities

Among the top contenders in the list of top cryptocurrencies to day trade is Mega Dice, the innovative crypto casino that is redefining the online gambling industry.

Mega Dice Cheapest token

Mega Dice’s unique integration of blockchain technology and its extensive library of over 5,000 games have made it a hub of activity for crypto enthusiasts. The platform’s user base of over 50,000 players and its ability to process a staggering $50 million in monthly bets have created a liquid and volatile environment that appeals to day traders seeking opportunities for quick gains.

The recent launch of the DICE token, Mega Dice’s native asset, has further amplified the platform’s appeal for active traders. This Solana-based token unlocks a host of exclusive benefits for holders, including revenue sharing, access to limited-edition NFTs, and enhanced loyalty rewards. The overwhelming response to the DICE token presale, which has already raised over $300,000 in just 24 hours, underscores the community’s enthusiasm for the project’s potential to deliver thrilling trading opportunities.

As the crypto market continues to evolve, Mega Dice’s dynamic ecosystem and its commitment to innovation make it a compelling addition to any day trader’s portfolio, offering the potential for exciting and profitable trading experiences.

Visit Mega Dice Presale

99Bitcoins – Empowering Traders Through Crypto Education

With its education-focused approach and a style that focuses on making crypto education simple, 99Bitcoins’ native token, $99BTC, is one of the best day trading cryptos this year.

Buy 99Bitcoins

At the core of $99BTC’s value proposition is its innovative “Learn-to-Earn” model, which rewards users for engaging with the platform’s extensive library of educational content. By completing interactive courses, tutorials, and learning modules, traders can earn $99BTC tokens, equipping themselves with the knowledge and tools needed to navigate the volatile crypto markets.

This dual-pronged approach of incentivizing learning and providing real-time trading insights sets 99Bitcoins apart from the competition. The platform’s robust community of over 700,000 YouTube subscribers and 2 million registered users further reinforces its standing as a trusted source of crypto education and analysis.

Complementing the token’s educational utility is its planned integration with the BRC-20 standard, allowing $99BTC to be built directly on the Bitcoin network. This move not only enhances the token’s security but also opens up new avenues for its use in day trading strategies, making it a compelling addition to any discerning trader’s portfolio.

As the crypto markets continue to present opportunities for short-term gains, 99Bitcoins emerges as a platform that empowers traders to make informed decisions, capitalize on volatile price movements, and cultivate long-term success in the dynamic world of digital assets.

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Smog – Best Day Trading Memecoin on the Solana Blockchain

Late 2023 and early 2024 have seen a slew of Solana-based meme coins grace the market. Smog is one of the latest. It has already established its mettle as a good day trading memecoin to buy through its performance on the price charts.

Smog went up by a massive 1500% within the first three hours of going live on Jupiter DEX. However, the token didn’t start to descend later. This Memecoin has been able to capitalize on the positive sentiment around the current market as well as its own unique appeal to move up on the crypto price charts. The latest charts show that it has gone up by more than 4500%.

Smog Best New Crypto

Making a dragon as its mascot, Smog has moved away from the standard doge-based aesthetics that used the “cuteness” of a doge to establish virality in the market. Instead, Smog introduced a more fantastical narrative to the Solana ecosystem.

Per the official whitepaper, it aims to unleash its fiery breath on the crypto market and make memecoin a hot asset class once again. Not only that, the project has also introduced a gaming mechanic and has weaved it inside its airdrop model.

When the airdrops get announced, Smog will organize quests and tasks that SMOG holders will need to complete in order to generate airdrop points. The more airdrop points an investor generates, the bigger the portion of the airdrop they will get.

Furthermore, there are multiple airdrops planned for this project, which gives Smog a long-term potential with some fun elements. Those who want to invest in this crypto can visit the official website – smogtoken.com. Getting the token from the official website gives users a 10% discount.

Furthermore, users can now buy Smog using Ethereum. Staking perks have also been announced for this project.

Visit Smog

Sponge V2 – Best Day Trading Memecoin Following the Popularity of Sponge V1

Memecoins have always been tokens fit for day trading. Their short-term perks involve parabolic gains, which makes them a good way to make a large amount of money in a short time. However, that only happens when the craze around memecoins is high, which is not now.

Sponge V2 is a project that understands this concept. It originates from Sponge V1, a popular memecoin project that grew parabolically during the memecoin mania. While it jumped by a massive 3200% within four days, correction happened quickly.

Sponge V2 Best beginner crypto

However, unlike other memecoins that were lost in obscurity, Sponge V1 continued to gain interest. It continues to have more than 11.5k holders, and its Twitter following is also thriving. This continued relevance allowed it to upgrade itself into Sponge V2, a project that introduces unique staking mechanics and a P2E game.

Sponge V2’s unique staking mechanic is how one can get Sponge V2 tokens. Sponge V1 holders must stake their tokens on the official website in order to gain an equivalent number of Sponge V2 tokens when they are released. New buyers can do the same; when they buy the Sponge V1 tokens, the tokens will be staked automatically.

Those who opt for long-term holding once Sponge V2 releases will earn additional bonus rewards. The reward is in terms of APY, which starts at 40%.

Sponge V2 is also going to be the key reward token when its P2E game arrives. No details exist right now. But updates can be found on Twitter and on the official website.

Visit Sponge V2

eTukTuk – Presale Project Ideal for Day Trading Upon Launch

While day trading typically revolves around cryptocurrencies with high volatility, presale projects can also present lucrative trading opportunities immediately after their launch. eTukTuk is one such presale project poised for significant growth and heightened volatility post-launch, fueled by its rapidly expanding community and unique use case.

eTukTuk

The project aims to revolutionize the electric vehicle (EV) space by promoting EV adoption and reducing reliance on gas-emitting vehicles. It plans to establish a comprehensive network of EV tuktuks and a chain of electric charging stations, both incorporating proprietary systems. Built on the Binance Smart Chain (BSC), eTukTuk has already attracted attention from prominent media channels, contributing to its growing popularity. This increased visibility has translated into successful presale growth, with over $500K raised in just a few weeks.

eTukTuk has also announced plans to launch a play-to-earn (P2E) game, allowing users to earn TUK tokens by driving and transporting passengers. According to the project, the TUK token will play a central role in the ecosystem’s functioning, making it an appealing investment opportunity. Currently priced at $0.026, with the price set to increase with each subsequent presale stage (currently in the first presale stage), eTukTuk’s rising fame and anticipated volatility upon launch make it an enticing prospect for day traders seeking to capitalize on profitable investments immediately post-launch.

Buy TUK

Myro (MYRO)

Myro is referred to as the Solana-dog, a memecoin designed to bring the Solana community together. The project has been inspired by a dog-named Myro, which belonged to Raj Gokal, one of the founders of the Solana Foundations.

Buy Myro

In-terms of utility, the only factor that Myro talks about is community. It’s primary goal is to make Solana a good investment in the eyes of crypto whales and institutional investors. To remove all obstacles to investing in Solana, Myro has launched BuyBot, Solana’s first comprehensive automated system on Telegram.

Myro has multiple factors working in its favor, which makes it suitable for day traders. One is the fact that it is a memecoin, which means it is prone to bouts of surges every now and then. Secondly, it is a doge-based token, capable of going viral through its marketability. Those who want to invest in Myro can do so on multiple exchanges.

Buy MYRO

Pyth Network (PYTH)

Another suitable crypto to day trade today is the Pyth Network, a blockchain project that offers real-time market data to decentralized financial applications across more than 40 blockchains.

Pyth Network (PYTH)

The platform focuses on providing accuracy by delivering 400 highly accurate price feeds. In addition to cryptocurrencies, the platform provides details about equities, FX, and commodities. Multiple participants have joined the project so far, including Binance, OKX, CBOE, Bybit, and Jane Street, and have become part of this project.

Per the whitepaper, Pyth Network employs a “pull” method, contrary to the “push” method for price aggregation. This approach helps it drive costs down when, which aligns with it being a Solana fork, the network leverages advantages such as swift transaction speeds and low transaction fees.

Even though the platform has long-term fundamentals, its price performance has been volatile on the price chart. There have been multiple surges for this token in January 2024, making it a suitable token for day trade.

Buy PYTH

Immutable X (IMX)

For NFTs on Ethereum, Immutable X claims to be the first layer-two scaling solution. It is claimed that Immutable X’s blockchain can overcome Ethereum’s shortcomings, such as limited scalability, poor user experience, and illiquidity. There is no need to compromise user or asset security to enjoy rapid trading and vast scalability with zero gas expenses while minting and trading NFTs. Immutable X is created using STARK zk-rollups, a technique that Vitalik Buterin believes Ethereum to be “all-in on,” to do this.

Thanks to this technology, users can produce and distribute ERC-20 and ERC-721 tokens on a vast scale. It was previously challenging to construct a new meta-system in Gods Unchained because of the limitations of Immutable X, according to Chris Clay, the game director of the project. Users and developers alike will benefit from Immutable X’s efforts in this way.

Immutable X has the upper hand as one of the first layer-two solutions to use zk-rollups and only concentrate on NFTs. The zk-rollups project is now at the forefront of Ethereum development because of the rising relevance of zk-rollups. To become the “NFT blockchain” of choice, Immutable X has to meet its claim of transaction speeds of more than 9,000 tips.

From the year-to-date IMX price chart (above), Immutable X may have found a bottom and is currently trading in a sideways consolidation range. It may be one of the best cryptos to swing trade with more upside potential than downside from its current low price point.

Buy IMX

Your capital is at risk

Flux (FLUX)

Flux is the next generation of decentralized, scalable cloud infrastructures. Multiple servers may be used simultaneously to build, administer, and launch your applications. Web 3.0, Dapps, and more are all here.

Cloud computing and blockchain services are available in the Flux Ecosystem, which provides an AWS-like development environment for decentralized applications.

FLUX is a native GPU mineable Proof of Work currency that incentivizes holders and DAO governance on-chain and inadequate actor protection through hardware stake requirements.

Computational network with more than 10k nodes distributed worldwide, delivering over 75,000 vCores of CPU power, 228.19+ Terabytes of RAM, and 5.11+ Petra storage capacity. This is the world’s most extensive decentralized Web3 computing network. Once the Flux collateral and hardware requirements are met, anybody may start their own Flux Node anywhere in the world.

Raspberry Pi, Home PCs, Servers, and Virtual Private Servers (VPS) can all run Flux Nodes. By hosting specific DApps on their nodes, Flux node operators are paid with Flux, but they may also earn other cryptocurrencies.

Verasity (VRA)

Verasity (VRA), a new video-sharing platform launched on May 18th, 2018, aims to provide an equitable system for artists to profit from their work and for advertisers to get the most out of their ad expenditure.

Pro-gaming streaming site esportfightclub.com offers esports events such as PUBG Mobile — Verasity’s main use case according to their whitepaper — and its proof-of-value (PoV) protocol all help them reach this goal. Verasity owns and controls the website, which serves as a hub for all of Verasity’s offerings. The platforms reward users for viewing, subscribing, and winning in virtual reality (VRA).

In addition to Verasity.TV, another product of Verasity, collects content from publishers on various platforms, including but not limited to: JWPlayer, Brightcove, VideoJS, Kaltura, FlowPlayer, iVideoSmart, and others. Currently, advertising platforms like Google and Facebook aren’t attracting as much money from advertisers since they’re not sure that people are looking at the content. Identifying and removing fraud in real-time is possible using Verasity’s proof-of-view protocol layer technology.

With over 200 touch points, it can tell the difference between real people and bots. The company’s proof-of-view and data storage technologies will be extended to non-fungible tokens (NFTs). With Verasity’s on-chain verification, NFTs will gain value as their ownership claims are further authenticated.

Metahero (HERO)

An ultra-realistic 3D technology makes virtual avatars and virtual items for social media, gaming, fashion, art, and medical usage. As of June 2021, Metahero has a $10 million startup investment and aims to accelerate Bitcoin adoption by creating a parallel digital realm. With the help of Metahero, real-world things may be transformed into usable avatars for use in the metaverse via a process known as “metscanning.” Metahero will become a bridge between the digital and real worlds because of its unique notion.

Artists, businesses, and gamers all benefit from Metahero’s technology. Another is via the token HERO, which has a wide range of real-world corporate use cases spanning social media and the arts. The groundbreaking meta scanning technology that Metahero is pioneering is equipped with some of the most potent graphic rendering capabilities ever seen.

More than 100,000 individuals will be able to use Metahero’s 3D scanners each year thanks to the company’s plans to establish 12 Metahero 3D chambers worldwide. Metahero’s initial use case is the 3D lifelike avatars created by metascanning. A variety of artists, celebrities, and influencers will be enlisted to promote Metahero’s metascanner to raise awareness of the initiative. Game firms may also use metascanning to produce the greatest possible metaverse gaming experience.

Metahero can also seamlessly integrate museums into the metaverse. The collections of these institutions may be digitized by scanning and storing them. Metahero will become more critical in an increasingly distant world since the experience will mimic daily life.

OpenDAO (SOS)

To honor, preserve, and promote the non-fungible token (NFT) sector and those who work in it, the OpenDAO project has created the $SOS token. All NFT inventors, collectors, and merchants should be thanked for bringing this new sector to the fore. To participate in the $SOS token airdrop, you must have purchased, sold, or exchanged an NFT on OpenSea. At this time, almost 241,000 $SOS coins had been released.

The features mentioned earlier reward OpenSea users and drew attention to the NFT sector. As a bonus, compensating individuals who have been scammed means that the $SOS token will be more widely distributed, which helps others who have lost money due to such instances.

The OpenDAO’s $SOS token may be claimed by connecting a Web3 wallet to the project’s website. The more money a person spends on OpenSea and the more transactions they make, the more rewards they will get.

When it comes to OpenDAO, there are still many unsolved questions. For example, there is no mention of 9x9x9eth or the reason for the project’s first airdrop of that many tokens. Even though the market does not intend to build a support mechanism to reimburse scam victims, most participants agree that OpenSea needs one.

The OpenDAO price chart has been bearish for the past year but may be close to bottoming out – and trading in a sideways range can also be profitable for scalpers. Scalping is one approach day traders use to profit from low-timeframe, short-term fluctuations in price volatility.

StormX (STMX)

As one of the first global cryptocurrency-based solutions, StormX was launched in 2015. StormX, a mobile software and browser plugin, intends to provide consumers with cryptocurrency payback on most online transactions in partnership with corporations such as Samsung, Nike, and Lego. StormX’s native token, STMX, may also be staked to increase rewards.

Blockfolio, the Litecoin Foundation, and Kyber Network have already invested in the business. StormX has made a name for itself as a pioneer in the cryptocurrency payback market. In addition to giving a payback of up to 87.5 percent on specific transactions, the organization has gained customers’ attention.

StormX is the first crypto cashback solution that enables customers to receive incentives and cashback for their fiat currency transactions. To put it another way, StormX effectively introduces crypto into the financial system by smoothly integrating its blockchain technology into regular purchases.

By allowing users to stake native tokens and execute daily activities in addition to earning cashback, StormX is appealing to crypto enthusiasts who want to increase their profits by staking their tokens. Users of the STMX token may receive interest in their investments via locking staking contracts. Customers may simply accumulate benefits using StormX’s cashback program, which includes over 750 online retailers. In addition, some online stores provide crypto cashback of up to 87.5%, an unparalleled figure for standard reward schemes. $30 million has been invested in StormX, making it a household brand in the sector.

What Are Day Trading Coins

Day trading coins are about low market caps and high daily trading volumes. Another phrase for this type of investing is called margin trading. In this case, the cryptocurrencies to look for aren’t those that have been out for a long time and have built massive markets to project themselves toward a reputable far future.

Those kinds of coins are meant to be invested in and held in the long term, as short-term price fluctuations with high-cap coins are so small that they can be irrelevant compared to those of coins that have recently hit the market. Small-cap altcoins are much more prone to high price fluctuations with average trades and transactions.

To give you a more vague idea, if a coin has a market cap worth $1,000,000 and someone invests in $100,000 worth of that token, its price will be impacted by 10%, whereas if the coin has a market cap of $100,000,000, that $100,000 dollar investment would only move the price up by 0.1%. This shows how low-cap coins have a much higher chance of going up faster in price than those which have been growing and fermenting in the market for quite a long time.

How to Invest in Day Trading Coins

To trade cryptocurrencies , you may use one of two methods – purchasing the asset directly or using contracts for differences (CFDs).

With CFDs, you may speculate on the price movements of crypto assets without owning any of them yourself. It is possible to benefit from a change in an asset’s price without actually owning the underlying asset using CFD instruments while purchasing the underlying asset means that you get to hold your token anonymously under the care of a separate platform without the need to store your token such as an E-wallet.

Compare the two approaches to see how they differ.

An investment in the asset itself

The only method to get your hands on the underlying asset is to trade conventional money (USD) for crypto asset tokens like Bitcoin, XRP, or Litecoin.

Increasing the value of your crypto asset will increase your net worth. You’ll lose money if the price of gold falls, for example.

In this technique, you have complete control over your crypto assets. Since the tokens belong to you, you may do with them what you choose. This means you may store your tokens in a wallet, transfer them to pals, or make transactions with them in any way.

A $1,000 Bitcoin purchase enables you to make purchases from Bitcoin-accepting businesses.

Cryptocurrency trading using CFDs

When you use a CFD, you are essentially betting on the asset’s future price movement without owning it. Even if the price of Bitcoin rises by $1,000, you won’t possess any BTC tokens if you buy $1,000 worth of Bitcoin CFDs.

With CFDs, earning money on both sides of the market is possible. Consequently, you may take advantage of both price rises and falls.

You should purchase a CFD contract if you believe the price of a crypto asset will rise (also known as “going long”). However, if you believe the price of a crypto asset will fall, you should sell a CFD contract rather than purchase one (this is known as “going short”).

Second, you may use leverage with CFDs to enhance your exposure. Using x2 leverage, you can effectively manage $1,000 with just $500. Therefore, a rise in earnings is feasible (but also the potential for higher losses).

It’s a disadvantage because you don’t own any crypto tokens when you trade CFDs. If you want to put them in your wallet, you won’t be able to do so. See our complete guide to CFD trading for beginners.

Why Should You Day Trade Crypto

Day trading cryptocurrencies is ideal for those with much free time who want to earn money in the short term. Day trading is the most lucrative way to invest in crypto and quickly see the difference in your wallet. However, it’s not as easy as purchasing a token, holding it in your wallet for a couple of years, and selling it when you feel you’ve earned enough from its price fluctuation.

Instead, you need to keep an eye on the tokens’ progress all the time and ensure you have the availability to trade in and out on the go. If done right, day trading can replace an actual job and earn people enough money to get by without any other source of income. This does not mean, however, that day-to-day trading does not carry any risks.

Best Place to Day Trade Crypto in May 2024

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Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.

Risks of Day Trading Cryptocurrencies

One of the most significant day-trading risks you will need to carry is the risk of being unable to be there for your crypto at the right time. The crypto market never sleeps, and low-cap coins fluctuate so hard that there could be a crucial minute that you might miss out on simply by taking a short break or even being asleep at night, and that one minute could be the decider on whether this coin is going to make you the next crypto millionaire or if you’re going to lose every penny you invested in it.

It’s also highly suggested to have proper market knowledge before investing and to know the story behind every cryptocurrency you invest in. This is crucial to avoid crypto scams like rug pulls and honeypots, which are very common in the low market cap token day-trading market and can end up turning your investment, no matter how large, into a big fat zero. See our guide to the best cryptos to buy now.

How Much You Should Invest in Day Trading Coins

Amounts to day trade mainly depend on how much you have at your disposal. Since it’s a lot more risky than long-term stable investments, it’s not suggested to invest large amounts straight off the bat. You should always start with tiny insignificant trades to ensure everything with the coin is all right; once you feel confident enough in the token, it’s your choice whether or not you want to buy more. Remember that day-trading coins are the most volatile, and the more you invest per coin, the more significant the impact on your investment will be.

If you’re on a limited budget, you need to be very careful to find multiple reputable projects to spread your investments throughout so that you grow your portfolio with a smaller chance of losing it all if one coin decides to fail. Other than that, if you have the time and knowledge to trade crypto day, rest assured that at some point or another, you will be impressed by how much money can be made through it. We’ve also written a guide to crypto signals providers that offers advice on managing risk, including how much to invest for an optimal R:R (risk to reward ratio).

Conclusion

Day trading is high risk but also provides a higher return on investment (ROI) than passively holding crypto assets – which also entails risk as many crypto projects have prolonged corrections and lose value over time after their initial bull cycle.

For that reason, our list of the best cryptocurrencies to day trade includes a multichain crypto – Dogeverse.

Dogeverse - Multichain Meme Coin

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Dogeverse logo
  • Early Access Presale Live Now
  • Bridge To Solana, Base, BNB Chain, Polygon, Avalanche
  • Staking Rewards - thedogeverse.com
  • Trade With Low Fees
  • World's First Chain Travelling Doge - Cosmo
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FAQs on Day Trading Crypto

Is it possible to be prosecuted for the simple act of trading cryptocurrency on a daily basis?

Because cryptocurrencies aren't regulated by FINRA or the SEC like stocks and options, you don't have to be concerned about day trading restrictions.

How much money do you need to day trade cryptocurrency?

The pattern day trader will not be allowed to day trade until the account reaches the $25,000 minimum equity requirement if the balance falls below that amount. In order to trade on margin, day traders must have at least $25,000 in their accounts.

Is there a minimum amount of time before you may sell cryptocurrency?

When selling or trading virtual money that you kept for less than a year, you may have a short-term capital gain or loss. There is a long-term capital gain or loss when you hold virtual money for more than a year before selling it.