TOP 10 best crypto coins for daily trading you should consider

Cryptocurrency day trading has become a popular way for traders to capitalize on the volatile and swift nature of the cryptocurrency market. However, with thousands of cryptocurrencies available, choosing the best crypto coins for daily trading can be a daunting task.

In this article, we will suggest the TOP 10 crypto coins best suited for daily trading, with factors considered including liquidity, volatility, trading volume, and overall market demand to determine the most promising options.

Top 10 Best crypto Coins for Daily Trading 2024

Criteria for Choosing Day Trading Coins

There are certain factors that make a cryptocurrency a good digital asset for day trading, which include:

• Volatility: Can be advantageous for day traders as rapid price changes present more opportunities to buy and sell. Higher volatility may provide more trading opportunities but also increases risk.

• Liquidity: A cryptocurrency with high liquidity allows for faster transactions and tighter buy-sell price spreads. Typically, you should choose a cryptocurrency with enough liquidity to facilitate day trading.

• Trading Volume: Higher trading volume indicates a more actively participating market, making it easier to enter and exit trades quickly. Sufficient trading volume is essential for efficient day trading.

• Market Depth: A deeper market indicates active trading and higher liquidity, allowing for larger trade sizes without significantly affecting prices and the risk of slippage.

• Exchange Availability: A cryptocurrency that is available on as many exchanges as possible is preferable, meaning higher volume and a big plus for day traders.

• Market Capitalization: An established cryptocurrency will be safer to trade and less likely to suddenly decrease in value compared to coins with a low market cap. However, lower market cap cryptos might be a good choice for traders willing to trade with higher risk.

Top 10 Best crypto Coins for Daily Trading

Bitcoin (BTC)

• Real time price: $ 67,172.00 (1.99%)
• Market capitalization: $ 1.33 T
• Capitalization ranking: 1
• Circulating supply: 19,768,212
• Volume (24h): $ 51.01 B

At the forefront of the list is Bitcoin, the pioneering cryptocurrency of the industry and also the top choice for crypto coins daily traders. Bitcoin has extremely high liquidity, large trading volumes, and a well-established market.

The price of Bitcoin is also very volatile, providing ample opportunities for traders who like to capitalize on short-term price movements to make a profit. Moreover, the availability of Bitcoin trading pairs on most exchanges is another reason that facilitates easy access to day trading strategies.

See current Bitcoin price chart:

Ethereum (ETH)

• Real time price: $ 2,608.55 (-0.58%)
• Market capitalization: $ 314.52 B
• Capitalization ranking: 2
• Circulating supply: 120,385,428
• Volume (24h): $ 18.82 B

Ethereum is the second-largest cryptocurrency by market capitalization and another top daily trading coin for traders. Known for its smart contract functionality, Ethereum offers various trading opportunities. Currently, Ethereum is the strongest blockchain ecosystem with many decentralized applications (DApps), and ETH is the native token of the Ethereum network.

With what Ethereum brings to the cryptocurrency field, it is no surprise that it always has a large trading volume as well as high liquidity. The price volatility of Ethereum is also quite significant, which is why many traders choose ETH for day trading.

See current Ethereum price chart:

Ripple (XRP)

• Real time price: $ 0.541669 (-1.55%)
• Market capitalization: $ 30.69 B
• Capitalization ranking: 7
• Circulating supply: 56,645,058,199
• Volume (24h): $ 1.57 B

Ripple is known for providing ultra-fast and low-cost cross-border payment solutions and has established itself as one of the leading cryptocurrencies for day trading.

The legal battle between the SEC and XRP, which seems to be tilting in XRP’s favor, has caused this altcoin to experience significant fluctuations, helping its market capitalization quickly climb several ranks.

The legal battle between XRP and the SEC has led to considerable price volatility for XRP, which can also be influenced by various partnerships and collaborations. Therefore, it also creates potential opportunities for traders to capitalize on short-term price movements for profit.

=> Related post: What is XRP (Ripple coin)?

See current XRP price chart:

Arbitrum (ARB)

• Real time price: $ 0.565293 (0.58%)
• Market capitalization: $ 2.04 B
• Capitalization ranking: 53
• Circulating supply: 3,617,088,312
• Volume (24h): $ 470.11 M

Arbitrum is a Layer 2 scaling solution for Ethereum that has garnered the attention of day traders due to its lower transaction fees and faster processing times compared to Ethereum.

As Ethereum’s network becomes increasingly congested with more transactions, traders have started looking for alternatives like Arbitrum to carry out their trades swiftly and cost-effectively.

After Arbitrum’s substantial airdrop in late March 2023, ARB quickly became one of the most traded cryptocurrencies in April and entered the top 50 cryptos by market capitalization worldwide.

Moreover, this coin also experienced significant volatility with daily trading volumes reaching hundreds of millions of dollars, making it a suitable cryptocurrency for short-term trading.

See current Arbitrum (ARB) price chart:

Dogecoin (DOGE)

• Real time price: $ 0.116841 (-0.65%)
• Market capitalization: $ 17.13 B
• Capitalization ranking: 9
• Circulating supply: 146,296,286,384
• Volume (24h): $ 1.44 B

Despite its origins as a meme coin, Dogecoin has established itself as one of the top cryptocurrencies with a large daily trading volume.

Dogecoin is highly volatile, and its active trading community has led to frequent price fluctuations, creating opportunities for traders to profit from short-term price movements.

Furthermore, Dogecoin has a significant connection with Elon Musk, who was the world’s richest billionaire in 2022, so news related to him often results in considerable price swings for DOGE.

See current Dogecoin (DOGE) price chart:

Binance coin (BNB)

• Real time price: $ 595.10 (0.91%)
• Market capitalization: $ 86.82 B
• Capitalization ranking: 4
• Circulating supply: 145,887,576
• Volume (24h): $ 1.07 B

As the native cryptocurrency of Binance, the world’s leading cryptocurrency exchange, BNB is widely held and frequently involved in transactions related to this token.

BNB offers various benefits, including reduced transaction fees on the exchange and participation in events on the Binance Launchpad platform. With the increasing adoption of Binance and its ecosystem, BNB has experienced significant growth in trading volume and liquidity, providing traders with numerous opportunities for day trading.

See current Binance coin (BNB) price chart:

Litecoin (LTC)

• Real time price: $ 71.95 (6.62%)
• Market capitalization: $ 5.40 B
• Capitalization ranking: 26
• Circulating supply: 75,087,302
• Volume (24h): $ 904.58 M

Litecoin is a cryptocurrency built from Bitcoin’s codebase, offering many similar features to Bitcoin but with improvements that address some of Bitcoin’s limitations. If Bitcoin is likened to digital gold, then Litecoin is often compared to digital silver.

Litecoin’s advantage is that it has a faster block generation time compared to Bitcoin, providing traders with quicker transaction confirmations. Moreover, Litecoin has a limited supply, and it has recently undergone a Halving event, which has led to certain fluctuations in its price.

Furthermore, Litecoin is also one of the top altcoins, chosen by many traders for transactions, so its daily price volatility is quite appealing to short-term traders.

See current Litecoin (LTC) price chart:

Solana (SOL)

• Real time price: $ 154.18 (-2.06%)
• Market capitalization: $ 72.41 B
• Capitalization ranking: 5
• Circulating supply: 469,745,735
• Volume (24h): $ 4.01 B

Solana is a blockchain platform known for its extremely low transaction fees and high transaction speeds, currently offering solutions for decentralized finance (DeFi) as well as serving as a home for NFTs.

Developed to compete with Ethereum, Solana provides Dapps with excellent features to operate quickly and cost-effectively. It aims to enhance scalability by introducing a Proof of History (PoH) consensus algorithm combined with the underlying Proof of Stake (PoS) consensus of blockchain. This innovative hybrid consensus model has garnered interest from both retail and institutional traders.

Although the Solana blockchain occasionally experiences downtime, it remains a platform with long-term growth potential, as the development team is committed to resolving these issues. Many projects continue to choose to build on Solana due to its low fees and impressive transaction speeds.

Naturally, SOL is also one of the best cryptocurrencies for day trading, with substantial trading volumes, widespread exchange listings, and ongoing price volatility that allows traders to quickly profit from short-term price movements.

See current Solana (SOL) price chart:

Filecoin (FIL)

• Real time price: $ 3.79 (-1.80%)
• Market capitalization: $ 2.25 B
• Capitalization ranking: 46
• Circulating supply: 592,181,485
• Volume (24h): $ 287.91 M

Filecoin, functioning as a decentralized data storage network, serves as a filing cabinet for Web3, offering a secure alternative to centralized cloud storage services. It also provides an opportunity for generating passive income. This platform accommodates a wide range of data types, including audio files, videos, images, and text, and is secure enough to handle sensitive information like personal data and company records.

Currently at the forefront among Web3 data storage projects, Filecoin is highly valued for its potential. This prominence has attracted numerous traders, making it a popular choice for short-term trading with this altcoin.

See current Filecoin (FIL) price chart:

Polygon (MATIC)

• Real time price: $ 0.371641 (-1.36%)
• Market capitalization: $ 996.58 M
• Capitalization ranking: 85
• Circulating supply: 2,680,805,385
• Volume (24h): $ 7.72 M

Continuing the list of the best coins for daily trading is Polygon (MATIC) – a project with great potential chosen by major investment funds.

Polygon is an Ethereum-compatible Layer 2 scaling solution that allows users to move transactions off the main Ethereum blockchain, thus enabling faster transaction speeds and lower gas fees.

Polygon achieves this through the use of sidechains connected to the main Ethereum network. The network also supports the creation of custom tokens and decentralized applications (dApps), and is secured by its own network of validators.

MATIC is currently an altcoin with a market capitalization in the top 20 cryptocurrencies globally, with an average daily trading volume of around $300 million. With such trading volume, the price of MATIC is always fluctuating, making it a popular choice for many people as a daily trading coin.

See current Polygon (MATIC) price chart: