Which crypto is best for day trading?

Asked 3 years ago

How do you pick the right and most profitable crypto for day trading and avoid all the volatile coins?

Day trading Cryptocurrency Trading strategies

Andia Rispah Igobwa

Tuesday, December 14, 2021

All cryptocurrencies can be traded daily, but the global market typically prefers to stick with Bitcoin as an investment.
Bitcoin is one of many cryptocurrencies, but it's also the first and most sought after.
With a quick search for "crypto trading," you'll find tons of articles that discuss which crypto is best for traders - and they all continue to come back to Bitcoin as their number one contender.
This is simply because most white hats (fully legalized) drive prices up with large buyouts, leaving most other cryptos struggling to keep up with these numbers.

Filip Dimkovski

Sunday, February 06, 2022

There is no right answer for finding the best crypto for day trading. Most experts and experienced traders, myself included, would highly recommend sticking to some of the "stable coins". These stablecoins are cryptos that are backed by a real asset - in most cases fiat currency, so there price is much more stable than traditional cryptos like Bitcoin and Ethereum. Consider day trading with the following cryptos:
USDT, also known as Tether, is the largest stablecoin.
USDC, or US Dollar Coin, is commonly used in decentralized finance like staking, DeFi, and gaming.
BUSD - Binance USD is a relatively new stablecoin launched in 2019, and is audited monthly.