Crypto

Top 10 Cryptocurrencies for Day Trading: Tips and Tricks

Published

2 years ago

February 4, 2024

Top 10 Cryptocurrencies for Day Trading: Tips and Tricks

Mastering the Crypto Waves: Top 10 Cryptocurrencies for Day Trading – Pro Tips Inside!

Day trading in the cryptocurrency market offers exciting opportunities for traders to capitalize on short-term price fluctuations. To navigate this fast-paced environment successfully, it’s crucial to choose the right cryptocurrencies. In this article, we’ll explore the top 10 cryptocurrencies for day trading and provide essential tips and tricks for maximizing your success in this dynamic space.

Bitcoin (BTC):

As the pioneer of cryptocurrencies, Bitcoin’s liquidity and high trading volume make it an ideal choice for day traders. Pay attention to market sentiment and news, as they can significantly impact Bitcoin’s price.

Ethereum (ETH):

Ethereum’s active development and widespread use in decentralized finance (DeFi) make it a popular choice. Monitor upcoming upgrades and major announcements for potential trading opportunities.

Binance Coin (BNB):

BNB, the native token of the Binance exchange, often experiences price movements related to the platform’s developments and new listings. Stay informed about Binance’s activities for potential day trading opportunities.

Cardano (ADA):

Cardano’s active community and ongoing development make it a cryptocurrency worth considering for day trading. Keep an eye on project updates and partnerships that could influence ADA’s price.

Ripple (XRP):

Ripple’s focus on cross-border payments and partnerships with financial institutions can create short-term trading opportunities. Stay informed about regulatory developments and major announcements.

Litecoin (LTC):

Known as the “silver to Bitcoin’s gold,” Litecoin often follows Bitcoin’s price movements. Monitor Bitcoin’s trends and consider Litecoin for potential day trading opportunities.

Polkadot (DOT):

Polkadot’s unique approach to interoperability and active ecosystem development make it a cryptocurrency with potential day trading opportunities. Stay informed about parachain auctions and major network upgrades.

Chainlink (LINK):

Chainlink, a decentralized oracle network, plays a vital role in connecting smart contracts with real-world data. Follow developments in the DeFi space and partnerships that may impact LINK’s price.

Stellar (XLM):

Stellar focuses on facilitating cross-border payments and has partnerships with major financial institutions. Monitor developments in the remittance sector and significant partnerships for potential day trading opportunities.

Dogecoin (DOGE):

Dogecoin, known for its community-driven nature, can experience rapid price movements based on social media trends and celebrity endorsements. Exercise caution and stay vigilant for potential pump-and-dump scenarios.

Tips and Tricks for Day Trading Cryptocurrencies:

Stay Informed:

Regularly follow news, social media, and official announcements for each cryptocurrency to stay informed about market-moving events.

Set Clear Goals:

Establish clear profit targets and risk tolerance levels before entering a trade. Stick to your plan to avoid emotional decision-making.

Use Technical Analysis:

Utilize technical analysis tools and indicators to identify potential entry and exit points. Understand chart patterns and market trends.

Risk Management:

Implement strict risk management practices, including setting stop-loss orders and diversifying your trades to mitigate potential losses.

Adapt to Market Conditions:

Be flexible and adapt your strategy to changing market conditions. Cryptocurrency prices can be highly volatile, so stay nimble in your approach.

Conclusion:

Day trading cryptocurrencies can be a rewarding venture when approached with the right strategy and mindset. By selecting cryptocurrencies with high liquidity, actively monitoring market developments, and employing sound trading practices, day traders can increase their chances of success in the dynamic and ever-evolving crypto market.

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Crypto

Gemini Titan Enters US Prediction Markets With Yes-or-No Event Contracts

Published

9 hours ago

December 12, 2025

Press Room

Gemini Titan Enters US Prediction Markets With Yes-or-No Event Contracts

Gemini Titan now holds a U.S. license to offer prediction markets, setting up a fierce push for trader liquidity as the platform challenges rivals, draws in new market flow, and builds toward a broader lineup of future derivatives products.

Crypto

Crypto mogul Do Kwon sentenced to 15 years in prison over $40B ‘epic fraud’

Published

21 hours ago

December 11, 2025

Press Room

Crypto mogul Do Kwon sentenced to 15 years in prison over B ‘epic fraud’

Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, was sentenced on Thursday to 15 years in prison for for what a judge called an “epic fraud.”

U.S. District Judge Paul A. Engelmayer, who handed down the sentence, sharply rebuked Kwon for repeatedly lying to everyday investors who trusted him with their life savings.

“This was a fraud on an epic, generational scale. In the history of federal prosecutions, there are few frauds that have caused as much harm as you have, Mr. Kwon,” Engelmayer said during a hearing in Manhattan federal court.

Kwon, 34, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, previously pleaded guilty and admitted to misleading investors about a coin that was supposed to maintain a steady price during periods of crypto market volatility.

He is one of several cryptocurrency moguls to face federal charges after a slump in digital token prices in 2022 prompted the collapse of a number of companies.

Dressed in yellow prison garb, Kwon addressed the court and apologized to his victims, including the hundreds who submitted letters to the court describing the harm they had suffered.

“All of their stories were harrowing and reminded me again of the great losses that I’ve caused. I want to tell these victims that I am sorry,” Kwon said.

Ayyildiz Attila, one of the hundreds of victims who submitted letters to the court, said he lost between $400,000 and $500,000 in the collapse.

“My savings, my future, and the results of years of sacrifice disappeared. I struggled to keep up with payments and responsibilities, and everything I had worked forwas erased,” Attila said.

Kwon’s lawyer Sean Hecker said in an email after the sentencing that Kwon spoke from the heart, expressed genuine remorse and will continue his efforts to make amends.

US Attorney Jay Clayton in Manhattan said in a statement following the hearing that Kwon devised elaborate schemes to inflate the value of his cryptocurrencies and fled accountability when his crimes caught up to him.

Prosecutors had asked for a sentence of at least 12 years in prison, saying the crash of Kwon’s Terra cryptocurrency caused billions of dollars in losses and triggered a cascade of crises in the crypto market.

Kwon’s lawyers had asked that he be sentenced to no more than five years so he can return to South Korea to face criminal charges.

Prosecutors charged Kwon in January with nine criminal counts for securities fraud, wire fraud, commodities fraud and money laundering conspiracy.

Kwon was accused of misleading investors in 2021 about TerraUSD, a so-called stablecoin designed to maintain a value of $1. Prosecutors alleged that when TerraUSD slipped below its $1 peg in May 2021, Kwon told investors a computer algorithm known as “Terra Protocol” had restored the coin’s value.

Instead, Kwon arranged for a high-frequency trading firm to secretly buy millions of dollars of the token to artificially prop up its price, according to charging documents.

Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud, and apologized in court for his conduct.

“I made false and misleading statements about why it regained its peg by failing to disclose a trading firm’s role in restoring that peg,” Kwon said at the time. “What I did was wrong.”

Kwon agreed in 2024 to pay $80 million as a civil fine and be banned from crypto transactions as part of a $4.55 billion settlement he and Terraform reached with the Securities and Exchange Commission.

He also faces charges in South Korea. As part of his plea deal, prosecutors will not oppose Kwon’s potential application to be transferred abroad after serving half his US sentence.

Crypto

Robinhood Sets 2026 Crypto Vision With Expanded Global Access

Published

1 day ago

December 11, 2025

Press Room

Robinhood Sets 2026 Crypto Vision With Expanded Global Access

Robinhood signaled a sweeping 2026 crypto expansion, showcasing accelerating platform growth, wider U.S. and European access, and new products capped by a Layer 2 network aimed at propelling the company deeper into global tokenization and advanced digital-asset trading.