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9 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

In this article we will be taking a deeper look 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 stoploss on each trade to manage risk), but it’s also the fastest way to make money with cryptocurrency – once you have enough experience.

Best Day Trading Crypto Coins – Top List

  1. Tamadoge – Meme coin that may overtake Dogecoin
  2. Battle Infinity – Top metaverse platform known as the ‘Next Axie Infinity’
  3. Lucky Block V2 – New ERC-20 token powering the Lucky Block platform
  4. Immutable X (IMX) – Low Cap Gem with highest 24h trading volume
  5. Flux (FLUX) – Promising token with low cap, high volumes and good chart projection
  6. Verasity (VRA) – Promising low cap coin released by ambitious blockchain company
  7. Metahero (HERO) – Interesting token backed by advanced metaverse company
  8. OpenDAO (SOS) – Backed by a community centered around improving blockchain for both creators and collectors
  9. StormX (STMX) – Unique crypto project that gives airdrops when you shop online

Best Cryptos to Day Trade – Full Reviews

1. Tamadoge (TAMA)

Tamadoge (TAMA) is a promising new cryptocurrency asset currently in its presale phase with a ten year roadmap once it launches on crypto exchanges and becomes tradeable for day traders.

It powers the Tamaverse which is a Play to Earn (P2E) platform where users can buy and nurture Doge pets tokenized in the form of NFTs. These pets can later be engaged in battles or competitions to earn rewards. They are also mintable and tradeable providing these pets a real-world value. See our guide to flipping NFTs – trading those digital assets is also increasing in popularity.

Tamadoge has a fixed maximum supply of 2 billion coins and 1 billion are available to buy at presale – which started in July 2022 and at the time of writing is close to selling out, raising almost $10 million so far.

Buy Tamadoge

An ERC-20 token, TAMA does not have any transaction tax, making it a great option for day trading. Given the buzz it has created in the market so far, it could also perform well when it launches on exchanges.

See our full guide on how to buy Tamadoge.

Update: Tamadoge presale is now sold out. The token was able to raise upwards of $19 million as a whale bought 55.8ETH worth of TAMA tokens in its final phase. Those who are still interested will be able to buy TAMA tokens from OKX, with LBank and Uniswap listings coming later. Also, CNBC has featured Tamadoge recently and has stated that it has 10-50x growth potential. Use the link below to register at OKX and claim your mystery box with huge rewards.

Visit OKX for Tamadoge

2. Battle Infinity (IBAT)

Battle Infinity is a decentralized gaming platform with a collection of Play to Earn (P2E) fantasy games. Unlike centralized fantasy sports games, which are currently prevalent in the market, Battle Infinity helps its users take ownership of their accounts and even sell and exchange NFTs with other players.

Should I BUY the IBAT Token

Users can also interact with each other on the platform. The Battle Infinity platform is powered by IBAT, which reached its hard cap of 16500 BNB in its presale after just 24 days.

That high level of interest from early investors also resulted in a successful launch on PancakeSwap – IBAT pumped 700% relative to its presale price ($0.0015) on day one, and 450% from its listing price of $0.0024.

Currently IBAT is trading at $0.0054, and it is also now possible to buy Battle Infinity on the centralized exchange LBank. Given its bullish price so far, we rate this new crypto coin as one of the best cryptos to day trade. See our guide to the Battle Infinity project.

Trade IBAT Now

3. Lucky Block V2 (LBLOCK)

Lucky Block V2 is the ERC-20 version of the original Lucky Block – this popular NFT competitions platform now has two tokens.

Lucky Block launched earlier this year in January – with its first V1 token, a BSC token, which is also still tradeable. Its V2 token is used to faciliate more CEX listings, as many crypto exchanges don’t support BSC tokens with a transaction tax. The V2 token is tax-free and is available to trade on LBank and MEXC exchange.

The NFT competitions platform organizes weekly competitions, which can be entered by buying the token. To enter the Main draw, players need to buy 5 tokens worth $1 each. 70% of the pooled money is used to reward the winner. The rewards can be anything from a million-dollar house, to a Lamborghini, to free Bitcoin.

LBLOCK Price Chart

When Lucky Block was listed on MEXC, the LBLOCK price pumped several hundred percent – and the V2 token now has an upcoming crypto exchange listing on Gate.io scheduled for September 1st.

That new crypto exchange listing, and V2 being free of transaction taxes makes it an attractive option for day traders – alongside its volatility. With their low market cap, both Lucky Block V1 and V2 can pump by a large percentage in a short space of time – as shown above.

Earlier in 2022 LBLOCK V1 rose 65x in value after selling out its presale early, and being listed on Gate.io could help the price break out to all time highs. CoinMarketCap ranks Gate.io as a top 10 crypto exchange in terms of daily trading volume – which exceeds $1 billion. At the time of writing Gate.io is ranked 6th by that metric.

With that potential bullish catalyst heading into 2023, we also rate LBLOCK as one the best cryptocurrency tokens to day trade. See our full post on the Lucky Block platform.

Trade LBLOCK Now

4. 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, a 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,” in order to do this.

Trade IMX

Users will be able to produce and distribute ERC-20 and ERC-721 tokens on a vast scale thanks to this technology. It was previously difficult 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.

As one of the first layer-two solutions to make use of zk-rollups and only concentrate on NFTs, Immutable X has an upper hand. 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 tps.

From the year to date IMX price chart (above), Immutable X may have found a bottom 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.

Trade IMX Now

Your capital is at risk

5. 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.

Trade Flux

FLUX is a native GPU mineable Proof of Work currency that provides incentives for holders and DAO governance on-chain, as well as bad actor protection through hardware stake requirements.

Computational network with more than 10k nodes distributed throughout the world, delivering more than 75,000 vCores of CPU power, 228.19+ Terabytes of RAM, and 5.11+ Petra of storage capacity. To date, this is the world’s biggest decentralized Web3 computing network. Once the Flux collateral and hardware requirements are met, anybody may start their own Flux Node in any part of the world.

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

6. 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 — which is 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).

Trade Veracity

In addition to Verasity.TV, another product of Verasity collects content from publishers on a variety of 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 certain that people are really looking at the content. It is possible to identify and remove fraud in real time 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 in the future (NFTs). With Verasity’s on-chain verification, NFTs will gain in value as their ownership claims are further authenticated.

7. Metahero (HERO)

An ultra-realistic 3D technology is used to make virtual avatars and virtual items for usage in social media, gaming, fashion, art, and medical. 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 the unique notion.

Trade Metahero

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, as well as the arts. The groundbreaking metascanning technology that Metahero is pioneering is equipped with some of the strongest 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 in order to raise awareness of the initiative. Metascanning may also be used by game firms 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.

8. OpenDAO (SOS)

In order 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 the time of this writing, almost 241,000 $SOS coins had been released.

OpenDAO SOS price chart

The above-mentioned features are intended to reward OpenSea users and draw attention to the NFT sector as a whole. 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 as a result of 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 As an 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 up a support mechanism to reimburse scam victims, the majority of 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 used by day trader to profit from low-timeframe, short term fluctuations in price volatility.

9. 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.

STMX price chart

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 payback of up to 87.5 percent on certain transactions, the organization has gained the attention of customers.

StormX is the first crypto cashback solution that enables customers to receive incentives and cashback for their transactions made using fiat currency. To put it another way, StormX is effectively introducing 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 on their investments via locking staking contracts. Customers may simply accumulate cashback benefits using StormX’s cashback program, which includes more than 750 online retailers. In addition, some online stores provide crypto cashback of up to 87.5%, which is an unparalleled figure for standard reward schemes. A total of $30 million has been invested in StormX, making it a household brand in the sector.

What Are Day Trading Coins

Day trading coins are all about the 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 which have been out for a long time and have built massive markets around themselves in order to project themselves towards 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 which have recently hit the market. Small cap altcoins are a lot 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.

What is the best exchange for Day Trading

1.  eToro

Cryptocurrency and stock markets may be traded at eToro. In 2014, this popular trading platform became one of the first online trading firms to provide support for Bitcoin (BTC) trading, after first launching as a forex and stocks trading platform. A short time later, we saw the debut of Ethereum and Ripple (XRP).

screenshot crypto platform etoro

In 2007, Ronen Assia, David Ring, and Yoni Assia established eToro in Tel Aviv. The company’s CEO, Assia, has remained in her position to this day.

It used to be known as RetailFX before becoming eToro and expanding its offerings to include commodities, indices, and stocks. A social trading feature that enabled participants to copy successful traders made it the world’s biggest social trading network when it was launched in 2010.

Bitcoin functionality was added to eToro in 2014, enabling users to trade CFDs on the most popular digital currency in the world (to non-U.S. users). XRP (XRP), Bitcoin (BTC), and Ethereum (ETH) have since been added to the list of digital assets (BTC). Since then, eToroX and its Bitcoin wallet have been introduced to the market, which now supports 120+ other cryptos.

Having listed over 70 cryptos to day trade, eToro is working hard to make a name for itself in the crowded cryptocurrency exchange industry of today.

Visit eToro

Your capital is at risk.

2. Crypto.com

Additionally, Crypto.com is a well-known exchange that offers a variety of cryptocurrencies and blockchain-related products. Buying, selling, and trading a broad range of currencies is easy, and the costs associated with doing so are kept to a minimal. Besides credit cards, the company also offers a decentralized trading platform and an NFT marketplace. In addition, users may earn up to 14.5% interest by staking their cryptocurrency or by storing it in a Crypto.com wallet for an extended period of time.

screenshot platform crypto.com

Anyone who wants to buy and store cryptocurrencies like Bitcoin and Ethereum may use Crypto.com. If there is a lot of CRO trading or if you own a large amount, costs reduce to 0.40 percent. You may trade 250 different currencies and cryptocurrency futures on Crypto.com.

Crypto.com was founded in Hong Kong in 2016. One hundred and twenty-five different cryptocurrencies are now accessible to over 10 million users worldwide. Customers in more than 90 countries may use Crypto.com’s cryptocurrency-related financial services.

Crypto.com’s large currency variety, low costs, and other services may be helpful to both new and experienced cryptocurrency users. However, novices may be scared off by the sheer amount of alternatives available to them.

It is our firm belief that utilizing Crypto.com will provide the most value to anybody wishing to do more with their cryptocurrencies than just buy them and hold them. In other words, this platform will appeal to anybody interested in using cryptocurrencies as a means of trade rather than just an investment instrument. See our full Crypto.com review.

Visit Crypto.com

Your capital is at risk.

How to Invest in Day Trading coins

To trade cryptocurrencies on eToro, you may use one of two methods:

With CFDs, you may speculate on the price movements of crypto assets without having to own 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.

When you buy a crypto asset via eToro, eToro purchases it on your behalf and registers it in your name.

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 full control over your crypto assets. Since the tokens belong to you, you may do with them what you choose. This means that you may store your tokens in a wallet, transfer them to pals, or make transactions with them in any of these ways.

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

When you buy an underlying asset on the exchange, you may use the eToro Wallet to store your crypto assets. Many different cryptographic protocols may be supported by this digital wallet, making it easy to use. The eToro Wallet allows you to store your crypto assets, transfer and receive them from other wallets, and convert them between them.

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68% of retail CFD accounts lose money.
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74% of retail investor accounts lose money when trading CFDs with this provider.
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The price and value of any investment in digital asset products can fluctuate.
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The traded price of digital tokens can fluctuate greatly within a short period of time.
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Market prices for digital tokens can be volatile and highly unpredictable.
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As with any asset, the values of digital currencies may fluctuate significantly.
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The value of digital currencies can go up or down frequently.
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71% of retail CFD accounts lose money.
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As prices of digital assets are highly volatile, users could lose all or a substantial portion of the value of any digital asset they purchase.
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Mobile App Rating
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Mobile App
Wallet
Number of Coins
7359223617596515123
Trading Fees
SpreadsSpreads0.1%0.1%0.1%0.1%0.50%Spreads0.2%
Deposit Fees
N/AN/AN/AN/AN/AN/AN/AN/AN/A
Withdrawal Fees
$5N/A0.0005 BTCN/AN/AN/AN/AN/AN/A
Regulated
ASIC, CySEC, FCACySECN/AN/AN/AFCAFCACBI, MiFIDN/A
Min. Deposit
$50100 EURN/AN/A$10$10$2$100N/A
Leveraged Trading
N/AN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1 - 30x1-200x
Bitcoin
$19187.64$19073.65$19011.91$40391.88$40393.04$40404.41$40416.27$19064.15$40377.55
Ethereum
$1335.74$1331.77$1323.50$2796.11$2795.55$2797.45$2796.59$1327.14$2795.54
XRP
$0.50$0.50N/A$0.23N/A$0.78$0.30$0.50$0.78
Tether
N/AN/A$1.00$1.00N/AN/A$1.00N/AN/A
Litecoin
$55.95$55.68N/A$109.04N/A$109.10$109.04$55.73$108.99
Bitcoin Cash
$120.31$120.67N/A$506.41N/A$295.12$295.07$120.61$294.96
Chainlink
$7.63$7.57N/A$14.26N/A$14.68$14.67$7.66$14.68
Cardano
$0.46$0.47N/A$0.83N/A$0.83$0.83N/A$0.83
IOTA
$0.28$0.28$0.28N/A$0.70$1.91$1.91$0.29$0.70
Binance Coin
$283.62$281.09$281.02N/AN/A$385.92N/AN/AN/A
Stellar
$0.12$0.12N/A$0.19$0.08$0.19$0.19$0.13$0.19
Bitcoin SV
N/A$50.02N/A$182.50N/AN/AN/AN/A$77.12
USD Coin
N/AN/AN/A$1.00N/AN/AN/AN/A$1.00
EOS
$1.24$1.24$1.22$2.06$2.06$2.06$2.05$1.24$2.06
Monero
N/A$144.12$142.24N/AN/AN/AN/AN/A$188.31
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