Crypto investments are slowly taking over the financial sector as they provide investors with high yield returns on investment due to their volatility.
In this article, we provide useful information on the best cryptocurrency to day trade, how and where to buy the digital assets.
There are several cryptocurrencies available to invest in. However, this guide reviews the best cryptocurrency to day trade in 2022.
1. Lucky Block (LBLOCK) – Best Cryptocurrency to Day Trade
2. Fantom (FTM) – Most Scalable Crypto for Day Traders
3. Solana (SOL) – Fastest Crypto to Day Trade
4. Cosmos (ATOM) – Most Advanced Cryptocurrency
5. Ethereum (ETH) – Best Smart Contract-Based Crypto
6. Cardano (ADA) – Best Performing Token
7. Polkadot (DOT) – Best Interoperable Crypto Asset
Lucky Block is a lottery-centric token that provides convenience to gamblers when placing bets. The Lucky Block token is one of the best cryptocurrencies to trade due to its impressive price over the past weeks. The crypto launched at $0.00020 on January 25 and has recorded substantial growth in a short period of time.
The digital asset currently trades at $0.0040, representing an over 1000% increase in less than three months.
Lucky Block proposes unique value propositions and aims to revolutionise the lottery system by providing fairness in gambling. The blockchain technology claims to increase player winnings through a random selection system.
The blockchain is making more improvements as it plans to create a bridge to the Ethereum blockchain through its v2 upgrade. The upgrade is in response to the taxation complaints when depositing from decentralised exchanges to centralised exchanges. The v2 Ethereum-based token will appeal to investors who want to trade on centralised exchanges and will be free of the 12% tax levied on LBLOCK deposits.
The v2 upgrade represents a possible boost for the Lucky Block ecosystem and price. LBLOCK will experience more CEX listings with the upgrade, thereby onboarding more traders.
Cryptocurrency markets are highly volatile and your investments are at risk.
Fantom is an open-source scalable blockchain that offers scalability and security for transactions at low costs. The FTM token has been making its way up the price ladder amidst the drag of the bearish crypto market, making it one of the best cryptos to day trade
The asset currently trades at $1.188 which is below the Simple Moving Average (SMA) value of $1.45.
Fantom's Moving Average Exponential (EMA) value of $1.156 shows that the asset is creating momentum at a rather slow pace as general market drawbacks play a significant role in this movement.
Fantom is on its way to widespread adoption as the Fantom token is now available on eToro. eToro is one the most reputable crypto trading platforms in the world and is available in several countries. With the onboarding of FTM on eToro, the asset will be available to more day traders and improve price movement. The digital asset is set to begin a bullish trend as the crypto market moves out of the bearish momentum.
Cryptoassets are a highly volatile unregulated investment product.
Solana is regarded as the fastest blockchain to exist, resolving over 50,000 transactions per second (TPS). This unique feature presents Solana as one of the day trading cryptocurrency to look out for in 2022. The Solana blockchain solves the issue of scalability and speed and seeks to provide ease of use to users and developers.
Solana has been trading sideways in the last few days at the price of $83.61. The asset is currently trading below the Simple Moving Average (SMA) value of $57.31.
Solana has introduced Solana Name Service (SNS) on the FTX exchange with the aid of Bonafida and the FTX partnership. The SNS allows users to deposit and withdraw without the confusion that ensues when using wallet addresses. Unreadable wallet addresses pose a big problem when transacting and they often lead to loss of funds and create a barrier of entry.
With the Solana Name Service, users can send and receive crypto without the risk of mistakes which reduces statistics of failed transactions on the Solana ecosystem.
Cryptoassets are a highly volatile unregulated investment product.
Cosmos is an open, scalable blockchain that is focused on building interoperability for economies of the future.
ATOM is one of the high-performing digital assets available due to the constant updates it makes to its system, allowing users and developers to get the best out of the blockchain.
The asset is seen to be trading sideways in a bid to establish new support before moving on to attain a new resistance price and establish new highs. The asset is currently trading below the Simple Moving Average (SMA) value of $29.11 with the current price at $27.27.
The Cosmos crypto-asset makes one of the best cryptos for day trading because of the high-performing blockchain services it renders. One of the most powerful features of the Cosmos SDK is its modular design.
Cryptoassets are a highly volatile unregulated investment product.
Ethereum makes the best crypto today trade for obvious reasons. The Blockchain sustains a steady flow of transactions and provides adequate tools for developers to build several decentralised applications on.
The platform has been making changes to its system as it aims to migrate to a proof-of-stake consensus mechanism. The blockchain launched a Kintsugi merge testnet in late December to give developers a feel of the Ethereum 2.0 interface. The team recently announced the launch of the Kiln merge testnet as an improvement to the Kintsugi testnet.
After a series of testing around the merge, the Kiln execution layer has been launched under proof-of-stake along with the Beacon Chain. The Kiln merge testnet is expected to be the last testnet to be created before the existing testnets are upgraded. Developers and node operators need to try out the Kiln testnet to ensure a smooth transition to the existing public testnets.
With the new upgrades in place, Ethereum prices are expected to move past current ranges, putting it at the top of the list of best cryptocurrency to day trade.
Cryptoassets are a highly volatile unregulated investment product.
Investors now invest in the best crypto for day trading as the investment strategy provides high profits.
One of the best ways to buy such crypto assets is through a cryptocurrency exchange.
Crypto exchanges provide an easy way for investors to trade cryptocurrencies with ease. These platforms also provide users with access to other crypto pairs they can use, depending on how favourable they are.
The best crypto for day trading today is LuckyBlock as the cryptocurrency has made impressive gains in a short time since its launch. The LuckBlock crypto asset can be purchased on PancakeSwap and the centralised exchange LBank.
Investors looking to buy Lucky Block will need a crypto wallet such as MetaMask or Trust wallet to store their LBLOCK tokens. To buy LBLOCK, investors can follow this easy step-by-step process on the popular crypto exchange PancakeSwap.
Open the trust wallet mobile application and deposit BNB crypto assets to the Binance Smart Chain wallet. Click on the 'DApps' button. Select PancakeSwap and allow the browser page to load.
Click on the 'Connect Wallet' and select Trust wallet to connect to PancakeSwap.
Copy the LuckyBlock contract address and click on a token on the swap feature. Paste the LuckyBlock contract address on the search bar and import LuckyBlock to the platform.
After importing LuckyBlock and selecting the asset, type in how much Lucky Block you wish to invest in and click on 'Swap'
Cryptocurrency markets are highly volatile and your investments are at risk.
eToro is a social trading platform that allows investors to have access to cryptocurrencies at any time. The platform is easy to use and investors can conveniently buy crypto on the user-friendly crypto app. To buy cryptocurrency on eToro, users can follow the easy step-by-step process.
To create an account on the eToro platform, new users need to provide some personal information such as their name, email address, phone number, and a unique password.
To verify the account, users need to provide a copy of a government-issued ID or driver's license to verify their identities.
Click on 'Deposit' on the homepage. The platform allows users to deposit funds using any supported payment method such as PayPal, credit/debit cards, Skrill, Neteller etc.
Once the funds have been deposited, type in the ticker symbol of crypto you wish to invest into the search bar. Click on the relevant result and click on 'Open Trade'.
Day trading is one of the most lucrative investment ventures and investors need high-performance coins with great moving averages to provide a good return on investment.
Lucky Block makes the best day trading cryptocurrency as the asset has moved several leagues to the top of the list of highest performing crypto assets since Bitcoin. If you are looking for a crypto asset that will provide high yields in short periods, the best bet is Lucky Block.
Cryptocurrency markets are highly volatile and your investments are at risk.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.