The most volatile cryptocurrencies where you can make good money
Most traders who earn money on cryptocurrencies have long been convinced that the best option for trading this asset is to use a trading platform .
The trading platform not only expands technical trading capabilities but also provides the ability to apply leverage.
However, the leverage offered by brokers for cryptocurrency pairs rarely exceeds 1:5, so for highly profitable trading, it's best to choose the most volatile cryptocurrencies.
Due to the high price movement dynamics, you can earn up to 100% per day even with leverage of 1:5.
In 2021, this market segment became the leader in terms of trend speed, but to achieve stable earnings, the chosen asset must have not only high volatility but also good liquidity.
It's best to choose those available for trading on the trader's platform, as leverage can easily compensate for the lack of volatility, even during flat markets.
The most popular cryptocurrencies that can be traded through the trading platform are listed on the page - https://time-forex.com/kriptovaluty/popularnye-kriptowaluty
When it comes to volatile cryptocurrency statistics in 2021, the most dynamic digital currencies include:
- Bitcoin – on average, up to 10% price change per day.
- Ethereum – 3-5% per day
- Ripple – daily volatility for this cryptocurrency can reach 100%, with an average of 3-5%.
- Litecoin – the price of this asset can change by 50% in a month, while during the day the indicator changes in the region of 3-5%
- Stellar – average daily volatility is 1-2%, during trend acceleration up to 20%.
It should be noted that we are talking specifically about average volatility, and not about those moments when a cryptocurrency pair rises or falls in price by 50 or even 100 percent in a day.
Under normal circumstances, using the most volatile cryptocurrencies and a leverage of 1:5 on a single move, you can guarantee a profit of up to 20% within 24 hours.
Although volatility is not a stable indicator and the same cryptocurrency can rise in price by 50% today, while its price fluctuations over the course of a week will be only 1-3%, it is preferable to focus on one or two assets.
Avoid trying to catch a strong move by constantly changing your cryptocurrency pair; this tactic rarely leads to a positive result.
As for personal preferences, my current working assets are Bitcoin and Stellar.
Recommended brokers for cryptocurrency trading - https://time-forex.com/kriptovaluty/brokery-kriptovalut
