10+ Best Cryptocurrencies to Day Trade

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

Best Cryptos to Day Trade – Full Reviews

Pepe Unchained – Trending Presale Project With a Pepe-Themed Concept

Pepe Unchained may be a great opportunity for both investors and day traders alike, especially considering its current presale phase. With over $400k already raised, Pepe Unchained has demonstrated strong initial investor interest, setting a positive foundation for potential growth.

The project’s storyline revolves around Pepe’s liberation from the constraints of its original Layer 1 blockchain to embrace a more efficient Layer 2 solution. This narrative not only adds a creative twist but also highlights Pepe Unchained’s focus on improving transaction speeds and reducing costs, attributes that can attract both long-term holders and day traders seeking quick gains.

Once launched, Pepe Unchained could prove to be an attractive option for day trading. Memecoins, especially those themed after popular tokens like Pepe, often experience significant price volatility. This volatility creates ample opportunities for day traders to capitalize on price fluctuations and generate profits through short-term trading strategies.

For investors looking to hold their tokens longer-term, Pepe Unchained offers staking opportunities with competitive APY rates. Staking PEPU tokens allows investors to earn passive income while supporting the project’s ecosystem. This dual appeal—day trading potential and staking rewards—makes Pepe Unchained a versatile investment choice catering to different investment preferences.

Is is important to note that as a memecoin inspired by Pepe, which has witnessed notable volatility in recent times, Pepe Unchained is likely to exhibit similar market dynamics. This volatility can work in favor of day traders who thrive on price fluctuations but may require careful risk management for those holding positions over longer periods.

Whether for short-term gains through day trading or passive income through staking, Pepe Unchained offers avenues for diverse investment objectives in the evolving cryptocurrency landscape.

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Crypto All-Stars – Trending Meme Coin Featuring 8-Bit Animations of Meme Coin Mascots

Crypto All-Stars leverages the popularity of multiple meme coins, allowing it to tap into the growth of popular trends that can change on a day-by-day basis. This makes it a good buy for those looking for day-trading opportunities.

Furthermore, the way that Crypto All-Stars banks on other meme coins consists of two points. First, it shows imagery of multiple meme coins hanging out on its official website. And the name itself paints the project as an “all-star” crypto project where top meme coins gather.

Secondly, it has a viral utility known as staking, which will let investors generate passive gains by holding their tokens. However, this approach is unique as users can stake not just the native crypto, but also the top meme coins to earn passive rewards.

Available on presale, Crypto All-Stars has also opted for presale staking, allowing investors to stake their tokens as they invest as early movers.

A combination of these factors makes it a formidable crypto to buy for those looking for day-trading opportunities.

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The Meme Games – Best Olympic-Themed Crypto To Day Trade

The Meme Games stands out as a short-term asset whose entire ecosystem has been designed to make it suitable for day trading. With its core concept of operating as a gamified presale, The Meme Games is a crypto project that embraces its meme nature while also paying homage to the Olympic Games.

It does so by running its own version of the Olympics within the realm of blockchain. Holding the “torch” of these games are five meme mascots—Dogecoin, Pepe, Turbo, Dogwifhat, and Brett. Dressed as athletes, they compete with each other in a bid to reach the finish line first.

Presale investors can pick a meme character before a race, and if that character wins, they are rewarded with a 25% bonus.

The other way The Meme Games offers an opportunity to compound profits is through staking.

Even after the Olympics, the fact that The Meme Games features five meme coin characters means it could funnel investors from five different ecosystems. This will create a volatile ecosystem, but that’s what makes The Meme Games the perfect example of a day-trading crypto that could acquire massive highs and lows on the price charts on the same day.

Furthermore, major YouTubers like Jacob Crypto Bury have covered this project.

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Shiba Shootout – Presale Memecoin Ideal For Day Trading Post Launch

Shiba Shootout is an excellent project to invest in now with the potential for lucrative day trading opportunities in the future. Despite the current challenging market conditions, the project has successfully raised over $500k in its presale phase, indicating strong investor interest and confidence.

The unique theme of Shiba Shootout, set in the vibrant digital town of Shiba Gulch, features anthropomorphic Shiba Inus living in a Wild West setting. This creative backdrop, combined with engaging characters like Marshal Shiba and the Shiba Sharpshooters, adds a layer of excitement and appeal, making the project stand out in the crowded crypto space.

Shiba Shootout is not just about its captivating storyline; it also offers a range of practical utilities that can drive its value up. The Token Governance Roundups enable token holders to participate in critical project decisions, fostering a sense of community and decentralized governance. Posse Rewards incentivize growth through referral bonuses, while Campfire Stories and Lucky Lasso Lotteries offer interactive ways for users to earn rewards. The project’s staking feature, with an impressive APY rate currently at more than 2000%, adds another dimension of value for investors.

Given its early success and the strong community backing, Shiba Shootout is well-positioned for significant price movements in the coming days or weeks. This makes it a prime candidate for day traders looking to capitalize on short-term price fluctuations. It is likely that investing in Shiba Shootout now could set the stage for lucrative trading opportunities as the project continues to grow and attract attention in the crypto market.

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Base Dawgz – Day Trading Crypto Active on Multiple Chains

Base Dawgz uniquely blends Shiba Inu imagery with base jumping themes, giving it significant potential for substantial short-term gains. This unique aspect makes it one of the most appealing day trading cryptocurrencies on the market.

Another reason this token is attractive to day traders is its availability on multiple chains. Its interoperable nature allows it to capitalize on the virality of other chains to increase its value. For instance, it is active on Solana, where meme coins have historically outperformed most mainstream tokens.

Additionally, recent tokens emerging from the Base ecosystem are predominantly meme coins, potentially positioning Base Dawgz to achieve similar levels of market traction.

Currently available as a presale, this meme coin has already raised over $300k. Those interested in capitalizing on the potential of Base Dawgz can visit basedawgz.com to participate.

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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’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

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.

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.

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.

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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 September 2024

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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 – Pepe Unchained.

Visit Pepe Unchained

FAQs on Day Trading Crypto