The cryptocurrency market is witnessing a spike today after dipping and trading sideways for close to a month. The majority of the top cryptos are down -50% from their all-time highs and making profits seem like a thing of the past. However, day trading could be seen as the only opportunity to make quick money and ride past the crypto dips. There are several best cryptos to consider for day trading as they provide big swings in the 24-hours trade.
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Here’s the Top 3 Cryptos That Could Deliver Profits while Day Trading:
1. Ethereum (ETH)
Ethereum has always been a key player in the crypto sphere delivering profits for both long and short-term holders. ETH has good volatility between its one-day highs and lows and investors get ample time to decide when to pull out their holdings. The average movement between its days high-lows stands approximately between $50 to $100 on any given day.
For example, its days low today is $2,937, and days high is $3,070, which is a difference of $133. Buying and selling anywhere between its daily lows and highs leads to profits. The price movements give investors a good opportunity to make profits in a short period.
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2. Binance Coin (BNB)
Binance Coin is yet another gem when it comes to delivering handsome returns during day trading. Similar to Ethereum, BNB swings drastically towards both sides on any given day. If timed right, one can make decent profits while day trading and seek the rewards it has to offer.
BNB saw a day low of $385 and a day high of $412 today, which is a difference of $27 for each coin purchased. Binance is also capable of swinging more and is among the best choices to indulge in day trading.
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3. PolkaDot (DOT)
PolkaDot is among the top cryptos in the market and can deliver results for both long and short-term investors. Similar to Ethereum and Binance, PolkaDot also displays volatility in the day’s movement giving ample room for investors to decide when to sell. DOT rarely moves on a razor-thin margin and is among the go-to cryptos for day trading.
At present, DOT is trading at $20.64 and is up +1.4% in the 24-hours day trade. It is currently in its weekly highs due to the market turning green today.