In This Article
Day trading draws people to financial markets with the appeal of quick profits. What most newcomers don’t realize is that day trading is an incredibly challenging financial strategy. Estimates suggest that only 13% of traders produce profitable returns over a six-month period. It also comes as no surprise that studies showed nearly half (40%) of beginner traders quit within a month.
If you are here to learn about crypto day trading, we have to start with the basics. Crypto-day trading refers to the buying and selling of cryptocurrencies within the same day to capitalize on short-term price fluctuations. Before you start your day trading journey, you have to acknowledge that there is no guarantee of profits. Therefore, careful planning and disciplined strategies are crucial to ensure that you are not among the majority of day traders who end their year with financial losses.
Instead of shooting an arrow in the dark by putting your money in random tokens, we have put together a list of the best cryptos for day trading. In this article, you will find a list of five cryptocurrencies that we think you should focus on, learn about and become an expert on. Once you specialize and narrow your focus, you will be able to anticipate the price movements of these coins and will not get caught off-guard by the volatility of the crypto market. Not just that, you will also find a list of the best crypto exchanges for day trading, which will provide you with the tools to become a successful day trader.
Best Crypto For Day Trading: Summary
Cryptocurrency trading is different from investing. Trading focuses on short-term buying and selling which requires traders to react to sudden price movements and to be prepared for the worst.
Unlike the common belief that day trading is an easy way to make money, sustained profitability requires real skill. When choosing crypto assets to trade, traders must consider several factors, including market volatility, liquidity, trading fees, macroeconomic conditions, project fundamentals, and broader investor sentiment. It is also important to learn technical analysis skills, study risk management strategies, and create sound trading plans. We’ll cover all of this and more in this article.
Key Takeaways
- Large-cap cryptocurrencies like Bitcoin have high liquidity and are less volatile than smaller altcoins.
- The TRUMP token’s wild volatility makes it a great choice for day trading.
- Most crypto investors who purchase memecoins like DOGE and TRUMP are aware that these tokens typically lack practical use cases and are mainly driven by market speculation.
- Relative strength index is a popular and easy-to-use technical indicator that day traders often use. It identifies whether an asset is overbought or oversold.
- Most crypto platforms have trading tools such as stop-loss, limit and take-profit orders that help you limit losses, reduce slippage, and lock in profits.
Top Cryptocurrencies For Day Trading
If you are starting your day trading journey, it’s best to begin with popular cryptocurrencies that have a high market cap. You may ask why. Well, they offer high liquidity and are widely supported by major crypto exchanges. They also receive extensive media coverage and are closely watched by big institutions. In our list of the best coins for day trading, we have a balanced mix of popular coins as well as memecoins that you can consider for your day-trading portfolio.
1. Solana (SOL): Best Crypto Coin For Day Trading
is a layer one (L1) blockchain known for its scalable design, high performance, and low cost. The blockchain’s origins can be traced back to 2017 when founder Anatoly Yakovenko released a draft whitepaper detailing a new timekeeping method for blockchains called proof-of-history (PoH). In 2018, Solana released its official whitepaper and a testnet. The following year, Solana raised over $20 million in Series A funding round from prominent investors such as Multicoin Capital, Blocktower Capital and Rockaway Ventures. Solana publicly launched its mainnet and a native coin called SOL in 2020.
Solana addresses the scalability constraints in older blockchains such as Bitcoin and Ethereum. It achieves this with the help of PoH technology, which essentially reduces the time required for participants on a public blockchain to reach a consensus on the sequence of transactions. As per the Solana Foundation, validating Solana’s layer-1 chain is simple and straightforward.
“On the Solana blockchain, any individual node can validate the entire chain with just a small piece of information — even if they’re not connected to the rest of the network” – The Solana Foundation.
Solana Labs is the core development team co-founded by Yakovenko and Raj Gokal. The company is responsible for developing new products and services on Solana and supporting projects within its ecosystem. In 2023, Solana Labs also released a crypto-friendly smartphone called the Solana Saga. The company followed it up with the Solana Seeker mobile device, which is expected to be shipped to customers later in 2025.
You may want to know more about this layer-1 blockchain, check out our detailed Solana Crypto Review for 2025.
Why Solana is Best for Day Trading?
Developers are increasingly switching from older L1 chains like Ethereum and Polkadot to Solana’s performance-focused blockchain, making it one of the fastest-growing L1 blockchains in the world. Solana’s growing DeFi ecosystem is driving demand for its native coin, SOL. Remember, SOL coin is used for paying transaction fees, earning staking rewards, providing liquidity in pools, and serving as collateral in various DeFi applications.
SOL is a great choice for day trading due to its popularity, high liquidity, large market cap, and strong investor interest, making it ideal for traders seeking profitable opportunities. A key point to consider for day trading is that SOL has widespread crypto exchange support on notable platforms such as eToro, MEXC, Binance, Best Wallet and ByBit. So you will always find it easy to buy and sell it, thanks to good liquidity.
At this point, if you are wondering how and where to buy SOL? Check out our comprehensive guide: How to Buy Solana (SOL).
Solana Crypto Fundamentals
Let’s discuss SOL’s tokenomics and fundamentals to understand two key market forces—supply and demand—that any successful trader must consider. SOL is designed to have an infinite supply. The token is currently inflating at about 4.6% per annum. However, SOL’s inflation rate is set to decrease by 15% every year. A burning mechanism that permanently removes 50% of every transaction fee from SOL’s circulation keeps SOL’s supply in check.
When it comes to demand, the SOL coin is required to initiate all transactions on the Solana blockchain. In recent years, the popularity of Solana-based memecoins such as BONK, dogwifhat and Popcat have helped Solana record higher transaction volumes than L1 rivals such as Ethereum. The popularity of Solana-based applications such as Jupiter and Jito has attracted over $7 billion in capital to Solana’s smart contracts.
With SOL firmly cementing its position as a top 10 most valuable cryptocurrency by market cap and Solana consistently growing in terms of total value locked (TVL) in its smart contracts, it is safe to say that Solana has one of the strongest fundamentals in the crypto universe.
Solana Price History
How about some technical analysis of SOL next? Since the launch of SOL in the first half of 2020, the coin has increased in value by a whopping 14,700%. The coin’s all-time low was $0.50, reached on May 12, 2020 and its cycle low has been around $112, according to Messari. Solana is down from its all-time high of $295.40, set in January 2025, and it currently has a market cap of $68.72B.
When it comes to transaction volume, Solana has recorded cumulative volume worth over $3.37 trillion throughout its history. In terms of TVL, Solana was the second-biggest blockchain only behind Ethereum, at the time of writing. Clearly, Solana has a long way to go. Experts are bullish on its 5-year price trajectory. However, to understand Solana’s price moves better, check out $SOL price prediction for 2025-2030
Solana’s On-Chain Metrics
We have already discussed Solana’s popularity, which was one of the reasons why we chose SOL as a top-day trading crypto. Here are some on-chain statistics to prove our point. According to DefiLlama, Solana was the most popular blockchain in terms of active addresses. The blockchain saw 5.69 million active addresses in January 2025, however, the numbers have declined since.
Interestingly, all-time on-chain transactions conducted on the Solana blockchain stood at over $384.6 billion in late March 2025. Meanwhile, transactions per second (TPS) on Solana were over 4,344 on average. So, one can easily conclude that Solana has good growth ahead of itself.
2. Official Trump (TRUMP): Top Memecoin For Day Trading
The Official Trump (TRUMP) token is one of the best memecoins on the Solana blockchain. The token was launched by Donald Trump ahead of his inauguration as the 47th president. While many think that the Trump family has invested in the memecoin sector and are planning to benefit from it. Trump token’s official website, however, has a different say,
“Trump Memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol “$TRUMP” and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.” – Official Trump Website
Fight Fight Fight LLC is the company that issued the TRUMP token. It is jointly owned by CIC Digital and Celebration Cards LLC, and President Trump wholly owns CIC Digital.
Anyway, the bottom line is that the TRUMP token has solid support and isn’t a scam. From the start, it has attracted incredible interest from investors. We’re not saying you should invest in it, but if you enjoy taking risks and trying out day trading, the TRUMP memecoin could be worth considering.
To know more about this newly launched memecoin, check out our Official TRUMP Meme Coin Review.
Why TRUMP Meme is Best for Day Trading?
The TRUMP memecoin’s wild volatility makes it the perfect token for day trading. Its volatility was on full display during its first few days of launch, when it surged to a market cap of over $14.5 billion within a day of its launch. However, the crypto lost more than half of its market capitalization in the days that followed.
Although TRUMP is an extremely risky memecoin to trade (not riskier than TikTok memecoins, though), the token’s wild price swings can create market opportunities for day traders, whether you are long or short on the token. Furthermore, the TRUMP token is closely linked to the U.S. President, so its value can change based on political events and how people feel about Donald Trump. If you want to include TRUMP in your trading portfolio, take a look at our guide: How to Buy OFFICIAL TRUMP (TRUMP) in 5 Easy Steps.
TRUMP Meme Coin Fundamentals
Memecoins like the TRUMP token are typically launched with little to no inherent utility. Crypto investors invest in meme coins for speculative trading.
In terms of tokenomics, the TRUMP coin has a maximum supply of 1 billion tokens. However, only about 20%, or 199.99 million tokens, are in circulation. CIC Digital LLC and Fight Fight Fight LLC hold 80% of TRUMP’s total supply. Tokens owned by these entities will be released over a three-year period.
TRUMP Meme Price History
TRUMP token made its public debut at about $8.59 on 18 January 2025. Within a day of its launch, TRUMP hit an all-time high of $75.35, an increase of over 777% from its open price. Basically, it closed 58% higher on launch day, dropped 18% the next day, and rebounded by 19% on the third day. However, as of this writing, TRUMP is down from its all-time high. Well, to know about TRUMP’s future potential, check out OFFICIAL TRUMP (TRUMP) Price Prediction 2025 – 2030.
TRUMP On-Chain Metrics
For crypto investors and day traders, TRUMP’s high insider allocation and low public distribution remain a considerable risk. However that has not stopped crypto enthusiasts from investing in the token, as data from Solscan showed on-chain addresses holding TRUMP increasing to over 648,000.
To better understand its tokenomics, let’s look at the distribution data for TRUMP:
Allocated to
Percentage of max supply
Creators and CIC Digital, 1
36%
Creators and CIC Digital, 2
18%
Creators and CIC Digital, 3
18%
Liquidity
10%
Public distribution
10%
Creators and CIC Digital, 4
4%
Creators and CIC Digital, 5
2%
Creators and CIC Digital, 6
2%
To put things into perspective, the TRUMP token is tied to a well-known figure, so any major political development or Trump-related news could lead to quick price spikes or drops. Thus, creating a wonderful opportunity for day traders.
Cardano (ADA): Best Altcoin for Crypto Day Trading
is an L1 network that was among the first blockchains to use a proof-of-stake (PoS) consensus mechanism. When Cardano launched its mainnet in 2017, proof-of-work (PoW) was the most popular consensus mechanism used by existing blockchains such as Bitcoin and Ethereum. Cardano’s native token is ADA, named after Ada Lovelace, a 19th-century mathematician who is also recognized as the first computer programmer.
The project was founded by Charles Hoskinson and Jeremy Wood in 2015. Hoskinson is also one of the eight co-founders of Ethereum, alongside Vitalik Buterin. Cardano was created after Hoskinson left Ethereum following a disagreement with Buterin on its directions. Hoskinson is said to have wanted to create a for-profit entity with a formal governance structure while Buterin wanted Ethereum to remain a not-for-profit, open-source and decentralized entity.
Hoskinson went on to co-found a blockchain development company called Input Output which is one of three companies behind the Cardano project. The other companies supporting Cardano are the Cardano Foundation and EMURGO.
Get a detailed perspective of this blockchain in our Cardano Review 2025: Beginner’s Guide to ADA
Why Cardano is Best for Day Trading?
Cardano has been around for nearly eight years now. During this time, the ADA coin has ascended to the top 10 cryptocurrencies by market cap. It is a great choice for cryptocurrency trading due to its global recognition, strong community, high liquidity, and broad crypto exchange support. Crypto traders can easily find ADA pairs on popular centralized exchanges such as Binance and Bybit.
A key development that could support the price of ADA going forward is the proposal to include ADA in the U.S. Digital Asset Stockpile. In March 2025, U.S. President Donald Trump announced an executive order directing the Presidential Working Group to advance a Crypto Strategic Reserve, including XRP, SOL, and ADA. If the U.S. government stockpiles ADA, it could bolster Cardano’s long-term relevance.
Cardano Fundamentals
Now, let’s talk about the ADA’s tokenomics. Cardano has taken inspiration from Bitcoin and placed a hard cap on ADA’s supply. For context, a hard cap is a limit placed by a blockchain protocol on the maximum supply of a particular cryptocurrency. For ADA, its hard cap or maximum supply stands at 45 billion tokens. So far, according to CoinMarketCap, about 79% of ADA’s max supply has been released and is in circulation.
Gas fee payments and Cardano staking are the primary use cases of ADA. The token is expected to see increased utility once the Plomin hard fork is fully implemented on the Cardano blockchain. According to EMURGO, the Plomin hard fork will give ADA holders the power to delegate voting rights to representatives who vote on key governance actions, including protocol parameter changes, treasury withdrawals, and hard fork initiations.
When it comes to TVL, Cardano lags behind L1 rivals such as Ethereum and Solana. Cardano’s all-time high TVL stands at over $715 million reached in December 2024. That figure is very low in comparison to Ethereum’s record TVL of over $100 billion and Solana’s all-time high TVL of nearly $12 billion. Nonetheless, ADA is the crypto with the most potential, and it can be a strong contender in your long-term crypto portfolio. If you don’t know where to buy ADA coins, read our “How to Buy Cardano” guide.
Remember to move your ADA holdings from an exchange wallet to a non-custodial wallet for better security. You might want to check out our Top Crypto Wallets recommendation for the same.
Cardano Price History
Since its launch in 2017, Cardano’s native token, ADA, has surged over 3,000% in value. It debuted at approximately $0.024 on February 10, 2017, reached an all-time high of $3.10 on September 2, 2021, and hit its lowest price of $0.017 on October 2, 2017.
As of April 17, 2025, ADA is trading at $0.61, showing a +1.38% over the past 24 hours. Cardano is down from its all-time-high of $3.10, set in 2021, but has increased +34.40% over the past 12 months. It has a market cap of $21.71B.
ADA’s market cap has consistently remained above the $5 billion mark since 2020. When it comes to transaction volume, the ADA coin has recorded a cumulative volume worth nearly $2.5 trillion throughout its history, data on DeFiLlama showed. To get a full picture of what ADA’s future trajectory could look like, read our Cardano (ADA) price predictions.
Cardano On-Chain Metrics
Since the start of 2024, Cardano’s development activity has fallen from over 4,000 to about 2,870, according to data by Santiment. For context, development activity on Santiment is calculated by the number of commits that a project has in its GitHub repositories. Meanwhile, the number of on-chain ADA holders has remained nearly unchanged since March 2023 at about 4.43 million. The volume of ADA transactions has been quite healthy over the past two years as a 7-day moving average volume has increased from about 366 million ADA in late March 2023 to about 780 million ADA in late March 2025.
Cardano’s sustained increase in trading volume indicates healthy liquidity, making ADA a viable option for short-term trades. High liquidity generally leads to tighter spreads and easier order execution, which are important factors for day trading.
Dogecoin (DOGE): Blue-Chip Memecoin Backed by Strong Community
Dogecoin remains the leading memecoin choice for users worldwide. It was created in December 2013 by Billy Markus and Jackson Palmer as a joke on the thought that “cryptocurrency was being taken far too seriously.” The project’s mascot is a famous internet meme based on the photograph of a Shiba Inu dog named Kabosu from Japan.
What people may not know is that Dogecoin is not just a crypto token but a blockchain that was created as a fork of Litecoin. Dogecoin has grown from a joke to become a blue-chip cryptocurrency boasting a higher market cap than “serious” blockchain projects such as Avalanche, Polygon, Monero and Filecoin. Over the years, Dogecoin has gained a cult-like following with Tesla co-founder Elon Musk emerging as one of the biggest supporters of this memecoin project. Back in 2021 and later in 2022, Musk introduced Dogecoin payments at SpaceX and Tesla for merchandise sales.
Know more about the Dogecoin crypto project by checking out our comprehensive Dogecoin Review for 2025.
Why Dogecoin is Best for Day Trading?
Dogecoin is one of the best cryptocurrencies for trading because memecoins like DOGE have one market function: speculation. When most crypto investors buy a memecoin like DOGE, they know what they are getting into: a highly volatile cryptocurrency that can make or break their portfolio.
The simplicity of Dogecoin can also be used as an advantage by crypto traders. Dogecoin investors could be forgiven if they do not understand the technical blockchain terms of this “accidental crypto-movement”. What DOGE traders must do is monitor community sentiment and the hype cycle of Dogecoin memes on social platforms like X and Reddit. You will also have to keep up with what Elon Musk has to say about Dogecoin. In the past, DOGE has shown tendencies to produce wild price swings whenever Musk mentions the token in his social posts.
If you don’t have this token then read our ‘How to Buy Dogecoin‘ guide to know which platform you should buy it from. Once you buy this memecoin, don’t forget to move your DOGE holdings to a safe crypto wallet. You aren’t sure which wallet to select? Check out our list of ‘6 Best Dogecoin Wallets’ of all time.
Dogecoin Fundamentals
As we mentioned earlier, Dogecoin use a type of PoW algorithm called Scrypt. Bitcoin, on the other hand, uses a PoW algorithm called SHA-256. A key advantage of the Scrypt algorithm is that PoW miners can use the same computational power to secure multiple Scrypt-based blockchains simultaneously.
Now let’s talk about tokenomics. The DOGE token does not have a hard cap like Bitcoin. Its blockchain will continue to release new DOGE as long as PoW miners provide computational power to the network. So far, nearly 148.5 billion DOGE tokens have entered circulation.
Dogecoin was designed to decrease the number of newly minted DOGE tokens per block by half after every 100,000 blocks. However, after the 600,000th block on the Dogecoin blockchain, the number of newly minted DOGE tokens per block was fixed at 10,000 tokens.
Dogecoin Price History
“Dogecoin to the moon” is a popular rally cry among memecoin lovers who dream of the day when DOGE finally hits the $1 mark. The closest DOGE has come to reaching this elusive goal was on 8 May 2021, when DOGE hit an all-time high of $0.7376. A post from Elon Musk on Twitter (now X) was the main driver behind DOGE’s rise to its record high. Its all-time low stands at $0.000085, hit on 7 May 2015.
According to historical data on Investing.com, Dogecoin’s best trading day in recent years was on 28 January 2021, when the token closed 387% higher after a Reddit board called SatoshiStreetBets instigated a buying frenzy. Two days later, DOGE entered its worst trading day as the token lost nearly 40% of its value.
Currently, DOGE is down from its all-time high printed in early May 2021. However, DOGE is making good attempts to recover. It has a market cap of $23.20B.
Dogecoin On-Chain Metrics
On-chain data analysis on CoinMarketCap showed that over 41% of DOGE’s circulating supply is owned by whale wallets. In crypto, a wallet address is considered a whale if it holds over 1% of a token’s circulating supply. Day traders may find it useful to track the on-chain activity of crypto whales, as these wallet addresses hold enough cryptocurrencies to influence prices.
An assessment of Dogecoin’s “addresses by time held” metric showed that over 65% of the token’s circulating supply was held by long-term investors—those who held their DOGE tokens for over a year. Traders, or wallet addresses that hold tokens for less than a month, made up just 3.7% of all wallet addresses holding DOGE.
All of this shows that Dogecoin isn’t going anywhere. Unlike many new tokens, it’s the original memecoin and has the backing of Elon Musk. If you’re looking for a crypto-to-day trade, Dogecoin could be a solid choice.
Bitcoin (BTC): Less Risky Crypto for Day Trading
is the oldest and most valuable cryptocurrency in the world. It was created by the pseudonymous Satoshi Nakamoto in 2008 as a peer-to-peer electronic cash network that allows users to make online payments from one party to another without going through a centralized financial institution (i.e. bank). The Bitcoin blockchain is operated and managed by a decentralized and global community of network participants known as miners. Bitcoin miners are responsible for validating and processing transactions. They receive newly minted BTC as a reward for their honest work.
Bitcoin is often called “digital gold” because, like the precious metal, it has a limited supply and requires energy-intensive mining. It is also viewed as a hedge against inflation and the devaluation of fiat currencies.
In 2024, Bitcoin was officially recognized as a legitimate investment asset after the U.S. Securities and Exchanges Commission (SEC) approved spot Bitcoin exchange-traded funds. More governments and corporations are beginning to stockpile Bitcoin as a hedge against inflation and geopolitical tensions. Technology firm MicroStrategy is known to be the largest corporate holder of Bitcoin with holdings worth over $42 billion. The U.S. is known to be the largest government holder of Bitcoin, most of which came from asset seizures, as per data by Bitcoin Treasuries. Many hedge funds support the coin and the institutional adoption of it has been on an uptrend in the recent years.
“In an era of increased geopolitical instability, ballooning sovereign deficits and excessive government spending, we expect the ‘store of value’ narrative will continue to resonate with more investors, and potentially supercharged by boomer-to-millennial demographic tailwinds,” – Asset manager BlackRock in a blog post.
To know more about the king coin, check out our separate ‘Bitcoin Review‘.
Why Bitcoin is Best for Day Trading?
Bitcoin is an excellent choice for day trading because of its global adoption and high liquidity. When it comes to market status, Bitcoin does not have any peers. No cryptocurrency in the world today can match Bitcoin’s widespread availability, deep liquidity, centralized exchange support, and news coverage.
Let’s break it down one by one. Bitcoin’s widespread adoption and broad exchange support will allow you to access BTC markets from most regions in the world. You will also find that most platforms will accept BTC as collateral for leveraged futures trading. Meanwhile, Bitcoin’s deep liquidity will allow you to enter and exit positions with minimal slippage. Finally, daily Bitcoin news coverage means that you can expect BTC prices to react to macroeconomic and political news which will create market opportunities for you. So, Bitcoin is definitely a good addition to your portfolio if you are willing to day trade.
If you haven’t bought Bitcoin yet, read our How to Buy Bitcoin guide to learn the step-by-step process. You can even stake Bitcoin, well not in the traditional sense, though. Know more about it by checking out our Bitcoin Staking article.
Bitcoin Fundamentals
Bitcoin has a fixed supply of 21 million. So far, nearly 95% of Bitcoin’s maximum supply has been mined and entered circulation. Roughly every four years, Bitcoin undergoes an event known as the “halving” when the number of new BTC produced per block is cut by half.
After the April 2024 halving, the number of new BTC produced per block was reduced from 6.25 to 3.125. Halving events occur after every 210,000th block which takes roughly four years. The next halving event is expected to take place in 2028.
Bitcoin halving events help control its inflation. In the long run, Bitcoin is designed to have zero inflation, meaning no new BTC will be mined after 2140. Since Bitcoin blocks are produced approximately every 10 minutes, we can estimate that the final Bitcoin will be mined around that year.
Bitcoin Price History
Bitcoin’s price has increased by over 136,000,000% since July 2010, when BTC was trading at a price of $0.05 per coin. Around the same time, Bitcoin was so obscure that a programmer named Laszlo Hanyecz is said to have paid 10,000 BTC for two Papa John’s pizzas. Well, at an all-time high price of $109,114 hit on 20 January 2025, 10,000 BTC would have been worth $1.09 billion. Notably, BTC hit an all-time low of $0.048 on 15 July 2010.
As we are talking about Bitcoin’s price history, here is a fun fact: Bitcoin is the only cryptocurrency to have achieved a market cap of over $1 trillion. Bitcoin’s market cap is so large compared to other cryptocurrencies that there is a metric called the “Bitcoin Dominance” which measures the percentage of Bitcoin’s total market cap compared to the total market cap of all cryptocurrencies combined. Bitcoin dominance has decreased from over 90% in 2013 to about 60% in 2025.
Well, as of April 17, 2025, Bitcoin is trading at $84,309.88, showing a +0.52% over the past 24 hours. The king coin is down from its all-time-high of $109,079.00, set in 2021, but has increased +32.94% over the past 12 months. It has a market cap of $1.67T.
Bitcoin On-Chain Metrics
Bitcoin’s unique features can be seen in its on-chain data, starting with ownership distribution. According to IntoTheBlock, 88% of BTC is held by retail investors, making it one of the most widely distributed blue-chip cryptos. In comparison, retail investors hold about 44% of ETH, 71% of ADA, and 38% of DOGE. The data also shows that 73% of Bitcoin holders are in it for the long haul, holding onto their BTC for the long term.
Meanwhile, on-chain data on Dune Analytics showed that Bitcoin’s hash rate—which measures the computational power of the blockchain—has grown consistently over the years from about 1.7 exahash per second (Eh/S) in 2017 to about 630 Eh/S by 2025. Over the past five years, the monthly transaction count on the Bitcoin blockchain has also increased from about 9.6 million at the start of 2020 to over 11.5 million at the start of 2025.
In conclusion, Bitcoin is great for day trading because it has a high trading volume, making it easy to buy and sell quickly. Its price moves up and down often, creating chances to profit. Since Bitcoin trades 24/7, you can trade anytime. It’s also the most popular crypto, so there are always opportunities for short-term gains.
What is Crypto Day Trading?
Crypto day trading is a strategy where individuals buy and sell assets within the same day. It’s called “day trading” because traditional markets only allow trading stocks, forex, and commodities during regular hours. However, unlike traditional financial markets, cryptocurrency markets operate 24/7, allowing traders to buy and sell at any time.
This round-the-clock nature of cryptocurrency markets can be a boon and a bane. Digital assets react to global events in real-time, which can open up market opportunities. However, this also means that traders will need to stay vigilant for sustained periods, which could lead to exhaustion and mental fatigue.
As we mentioned earlier, before you start your day trading venture, it is crucial to acknowledge that day trading is very challenging, risky and can lead to financial losses. If done right, day trading can be lucrative. Common mistakes that novice traders make include not having a trading strategy, following financial influencers, ignoring risk management, over-leveraging, being impulsive and not staying informed about news developments.
Some of the best day trading practices include using stop-loss and limit orders, conducting token due diligence, learning technical analysis and developing a clear trading strategy based on your risk tolerance and trading style.
How to Start Crypto Day Trading?
The abundance of crypto trading platforms like Binance, OKX and eToro has made it easier than ever for you to start day trading. All you need to do is download the platform of your choice, create an account, complete know-your-customer (KYC) compliance and you will be eligible to start trading. However, instead of going head-first into day trading, you should take baby steps to prepare, acquire knowledge and practice discipline that will ultimately help you become a successful trader. Here’s a step-by-step guide to help you begin:
Crypto Day Trading Strategies
In the section below, you will find some of the most used day trading strategies:
Top 4 Indicators for Day Trading Crypto
Market analysts use technical indicators to devise trading strategies and predict future price movements. You can think about technical indicators as the “North Star” of day trading, used by market participants to navigate the unpredictability of financial markets. Technical indicators analyze historic data and ongoing price trends to identify potential entry and exit points for trades. In this section, you will find four notable technical indicators that are used commonly and come in quite handy.
Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a popular and easy-to-use technical indicator that identifies whether an asset is currently overbought or oversold. The RSI indicator is a scale that oscillates between 0 and 100. RSI values between 0 and 30 can indicate an oversold asset, while values between 70 and 100 can indicate an overbought asset.
An overbought asset could present a shorting opportunity to day traders while an oversold asset could present an opportunity to go long on the asset. RSI is typically used alongside other indicators, such as moving average convergence divergence, which we will talk about next.
Moving Average Convergence Divergence (MACD)
Moving average convergence divergence (MACD) is a technical indicator used to identify price trends. It is actually the relationship between two exponential moving averages (EMA) of an asset’s prices. It is a line calculated by subtracting the 26-period EMA of an asset from its 12-period EMA. A 9-day EMA of the MACD line is called the signal line.
The MACD line and the signal line oscillate above and below a baseline called the zero line. When an asset’s MACD crosses from below to above the signal line, it is considered a bullish indicator. When it moves from above to below the signal line, it is considered bearish. Wild swings of the MACD crossing above and below the signal line can indicate a volatile trading session. Investors typically avoid trading during such times.
Bollinger Bands (BB)
Bollinger Bands are a technical indicator that measures an asset’s volatility. They appear on technical charts as three lines. The center line is the asset’s 20-day simple moving average (SMA), while the upper and lower bands are set at a standard deviation and adjust based on volatility swings in the price of the underlying asset.
When the upper and lower bands are close to each other, it can signal a period of low volatility. Large distances between the extreme bands can be due to increased volatility. If the price of an asset bounces off the lower band and crosses the 20-day moving average line, then the upper band line becomes the price target. Meanwhile, the price of an asset can exceed the bandwidth during strong trends.
Volume profile is an advanced technical indicator used to identify support and resistance levels, periods of consolidation, and breakout rallies.
Volume profile is derived from the total volume traded at a specific price during a specific time period. It has various components, such as point of control, which is the price level with the highest traded volume for the time period. Profile high is the highest price level reached. Profile low is the lowest price reached. Value area is the range of the price level in which a specified percentage (typically set at 70%) of all volume was traded in the time period. Value area high is the highest price within the value area. Value area low is the lowest price within the value area.
Best Crypto Exchanges For Day Trading
In this section, we will find crypto exchanges, platforms, and Web3 wallets for day trading. Whether you want to start trading on a centralized exchange for its familiar interface and user-friendly features or trade exotic tokens on decentralized exchanges, we have you covered.
Best Wallet: Top Crypto Platform For Day Trading
Best Wallet is a self-custodial crypto wallet that gives users full control and ownership over the digital assets stored in it. Crypto wallets store private keys which give you access to your tokens and prove your ownership.
As a cryptocurrency user, what you need to understand is that when you store your crypto tokens on a centralized exchange account, it is the crypto exchange that owns and manages the private keys to your tokens. In the past, crypto companies like FTX and Voyager have blocked customers from trading and withdrawing their crypto assets. In contrast, when you store your crypto tokens on a self-custodial wallet like Best Wallet, you alone have control over your assets. So if you are a day trader who values ownership and control, a non-custodial wallet like Best Wallet could be the perfect match for you.
We also have to highlight the in-built decentralized exchange aggregator on Best Wallet that connects traders with over 50 DEXs on various blockchains such as Ethereum, BNB Chain and Polygon. Best Wallet’s built-in DEX aggregator is designed to connect you to the best trading prices and lowest fees across DeFi. Talking about early exposure, Best Wallet also features a token launchpad that gives users early and exclusive access to the best crypto presales and upcoming projects.
To know more about this mobile-first crypto wallet, check out our Best Wallet Review.
OKX
OKX is a crypto exchange and a web3 platform where you can manage cryptocurrencies, trade tokens and engage in derivatives trading. It is one of the most popular trading platforms in the world by trade volume. The platform is known for its user-friendly interface, advanced trading features, and rich variety of token listings. The exchange was established in 2017 and is currently available in over 200 countries.
On OKX, day traders can plan their strategies using features such as limit orders, stop-loss orders, iceberg orders, and trigger orders. Expert traders can also trade perpetual and futures contracts with up to 100x leverage. Leverage allows users to invest in large positions with small amounts of capital, magnifying their profits and losses. The platform also has a useful tool for beginners called the copy trading feature, which allows new traders to replicate the trading strategies of experienced investors.
To know more about this crypto exchange, check out our OKX Review.
ByBit
ByBit is the second-largest crypto exchange in the world by trade volume with over 60 million users and 758 listed tokens. The platform was created in 2018 to provide a simple and easy way to invest and trade cryptocurrencies. ByBit allows users to engage in spot trading, perpetual trading, options, NFT trading and more. ByBit follows a strict know-your-customer (KYC) verification process to ensure it is compliant with regional crypto regulations.
The crypto exchange made headlines in February 2025 after the notorious North Korean hacking unit Lazarus Group stole cryptocurrencies worth over $1.5 billion. The crypto community praised ByBit for handling the crisis with transparency and effective communication. Despite experiencing a flood of customer withdrawal requests, ByBit did not suspend customer withdrawals and remained fully operational throughout the crisis. ByBit’s crisis response was in sharp contrast to other crypto exchanges, such as WazirX and XT.com, which suspended customer fund withdrawals after experiencing hacks.
To know more about ByBit CEX, check out our ByBit Review.
Binance
Binance is the world’s largest crypto exchange in terms of spot trading volume. It has over 265 million users worldwide and offers more than 470 token listings. It provides features like peer-to-peer trading, staking, a token launchpad, an NFT marketplace, and Web3 integration.
The platform is built for beginners and experienced crypto traders. Users can switch between the Binance Lite and the Binance Pro interface without having to download a separate application. Expert traders will also be happy to learn that Binance’s derivatives exchange is the most popular in the industry in terms of open interest and trading volume. To aid your trading decisions, Binance has in-depth trading data analysis for token pairs, real-time market updates, and a community sentiment tracker.
Curious about how Binance stacks up? Head over to our detailed Binance Review for everything you need to know.
Step-by-Step Beginner’s Guide to Day Trading
Risks of Crypto Day Trading: Is Day-Trading Worth It?
Crypto day trading comes with significant risks. The use of leverage, emotional decision-making, and improper planning can lead to irrecoverable losses. Understanding the challenges ahead will bring you one step closer to running a successful day trading operation.
Risks
Meaning
Solution
High volatility
Cryptocurrencies are highly volatile assets whose market prices can change drastically within minutes, resulting in gains or losses
Use stop-loss orders. Create a trading plan. Avoid excessive use of leverage.
Emotional trading
Fear and greed are the two key emotions that influence trading decisions and can lead to impulsive actions.
Stick to a trading plan. Identify price targets and use stop-loss orders.
Leverage risk
Crypto exchanges allow users to trade with borrowed funds. Leverage trading can amplify gains but can also lead to severe losses.
Understand margin requirements. Trade with minimal leverage. Set stop-loss orders.
Lack of regulation
The lack of regulation within the crypto industry increases the risk of fraud, manipulation and scams.
Use reputable crypto exchanges. Avoid trading obscure and trendy tokens.
Liquidity issues
Trading cryptocurrencies with low trading volume can lead to high slippage losses.
Trade large-cap cryptocurrencies and highly liquid trading pairs. Trade on popular crypto exchanges with high trade volumes. Use limit orders.
Technical failures
Outages, API errors, or internet issues can disrupt trades and lead to losses.
Make accounts in two or more crypto exchanges as an alternative. Have backup internet access.
Overtrading
Excessive trading can result in high fees, mental fatigue and emotional stress.
Take breaks. Set daily/weekly trading limits. Stay mindful.
Lack of Knowledge
Newcomers who start trading without a basic understanding of the crypto market may suffer losses.
Do your market research. Stay updated with the latest news and market developments. Learn technical analysis.
Market manipulation
The crypto market is infamous for pump-and-dump schemes, whale manipulation and scams.
Avoid trading trendy and unknown cryptocurrencies. Study tokenomics and on-chain distribution of tokens. Use social platforms like X and Reddit to stay informed about such scams.
Tax implications
Crypto trading is taxable.
Use crypto exchanges that record your trading history and create tax reports for you. Keep a record of your trades in a diary or Excel sheet.
Crypto Trading Tips: Day Trading Rules
Now, let’s review some crypto trading tips. Below are guidelines for navigating the unpredictable and highly volatile world of cryptocurrencies.
Set Clear Goals and Limits
Setting clear goals will help keep your emotions in check. Remember, investing is a psychology game. Emotions of fear and greed will influence you in making trading decisions that can go against you. The first thing to do is to learn the basics of technical analysis which will give you the skills to identify price targets, support and resistance levels of an asset. Next, establish a daily trading limit. Staying in the game for another day is as important as being profitable. You are not going to be profitable every day, so limiting your losses is key to successful day trading. Use stop-loss orders to prevent irrecoverable losses.
Stick to a Trading Plan
A sound trading plan includes your preferred trading pair, your entry and exit levels and risk management strategies. Without a trading plan you will end up making impulsive decisions which will result in losses and regrets. Once you have established a strategy, test it on market simulation platforms to refine it. If you don’t know where to start, you can copy trade strategies used by experienced traders.
Use Risk Management Technique
Never underestimate the market and always be ready for the worst. No one can predict crypto markets, therefore learning and using risk management strategies is crucial. Luckily, most crypto platforms have tools such as stop-loss, limit and take-profit orders that can help you limit losses, reduce slippage risks, and lock in profits. Pro tip: Many day traders follow a trading rule known as the 1% rule where they never put more than 1% of their trading capital into a single trade. You can add this technique to your risk management skills.
Stay Updated on Market News
Staying well-informed about project developments, political news, regulatory updates, and macroeconomic events is crucial in investing. You can easily stay up to date on market news following publications like 99Bitcoins News. Financial assets are sensitive to news and investor sentiment can change within seconds based on the available information. To make it easy to stay up to date with the flood of information out there, we recommend you focus on a small number of cryptocurrencies to trade. This way, you can become an expert in trading your preferred trading pairs, and you will be able to anticipate price swings and trends.
What Experts Think About Crypto Day Trading?
Crypto-day trading can be highly rewarding but also comes with significant risks. Experts weigh in on the strategies, challenges, and key factors traders should consider before diving in.
Alan Guoming Huang, Hongping Tan, and Russ Wermers, professors at the University of Waterloo, McGill University, and the University of Maryland, respectively, studied how institutional investors use information to trade in a research paper published in 2019. They concluded that institutional investors’ trading advantages stemmed from their ability “to process public information in a highly timely manner.” Elsewhere on X, Sara, a trading coach with over 66K followers, spoke about controlling emotions and recognizing mistakes early.
“The worst trading days start with something small—a hesitation, a missed entry, a rushed exit. Then frustration takes over. Big losses aren’t about one mistake. They’re about not stopping after the first one. Spot it early. Break the cycle,” – Trading Coach
Many experts ask newcomers to stay away from day trading unless they are confident and have good knowledge of the assets they want to trade. Take this case, for instance – Ran Neuner, an expert crypto trader with over 950K followers on X, advises caution to crypto traders saying: “People leaving their jobs to trade crypto. Just remember that a rising tide lifts all ships. We will see who the real traders are when the tide goes out again. Trade cautiously. Take profits. Always have dry powder. When the tide goes in it happens fast and unexpectedly.”
Conclusion: Best Crypto For Day Trading
The best cryptocurrencies for day trading have high liquidity and volatility and are supported on major cryptocurrency exchanges such as Binance, OKX and ByBit. The top choices mentioned were curated for all types of day traders, whether they are beginners or experts. Newcomers should be looking at large-cap cryptocurrencies with extensive news coverage to start their journey. Bitcoin is probably the token that fits this description best. Meanwhile, TRUMP and DOGE memecoins are high-risk tokens that have shown to be incredibly volatile. However, it is the high volatility that can create market opportunities for traders.
We would like to end this article by reminding readers that crypto trading is a risky venture. Always do your own due diligence before trading, assess your risk tolerance, and consult with a professional financial advisor before engaging in day trading. Remember that crypto markets are unpredictable, and past performance does not guarantee future results. The information provided in this article is for educational and informational purposes only and should not be considered financial or investment advice.
Frequently Asked Questions
What is crypto day trading?
Which cryptocurrencies are best for day trading?
How do I choose the best crypto for day trading?
What is the minimum amount needed to start crypto day trading?
Which trading strategies work best for beginners?
Can crypto day trading be a full-time job?
Is crypto day trading risky?
How can I manage risks in crypto day trading?
References
- “Day Trading Statistics.” Quantified Strategies, https://www.quantifiedstrategies.com/day-trading-statistics/
- “Solana’s History: When Was SOL Launched?” Solana Compass, https://solanacompass.com/solana/solanas-history-when-was-sol-launched
- Yakovenko, Anatoly. Solana: A New Architecture for a High Performance Blockchain. Solana Labs, https://github.com/solana-labs/whitepaper/blob/master/solana-whitepaper-en.pdf
- Get Trump Memes, https://gettrumpmemes.com/
- “Who Founded Ethereum?” CoinMarketCap Academy, https://coinmarketcap.com/academy/article/who-founded-ethereum
- “What Is ADA?” Cardano.org, https://cardano.org/what-is-ada
- “History of Dogecoin.” Dogepedia, Dogecoin, https://dogecoin.com/dogepedia/articles/history-of-dogecoin
- Bitcoin Treasuries, https://bitcointreasuries.net
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
Free Bitcoin Crash Course
- Enjoyed by over 100,000 students.
- One email a day, 7 days in a row.
- Short and educational, guaranteed!
In This Article
Maximize Your Trading With Margex’s 20% Deposit Bonus
Hottest Meme Coins to Buy in April? Retail Target Latest Crypto For Mega Gains
AR.IO Brings The Permanent Cloud to AI Storage Crisis
10 Best Crypto Bonuses in 2025 – Top Exchange Offers & Promotions
4 Days Left For Early Investors in World’s First Meme Coin Index: Meme Coin Mcap Hits $56Bn
