The most volatile cryptocurrencies on which you can make good money in 2021
Most traders who make 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 the technical capabilities of trading, but also provides the opportunity to apply leverage.
True, the leverage provided by brokers for cryptocurrency pairs rarely exceeds 1:5, so for ultra-profitable trading it is best to choose the most volatile cryptocurrencies.
It is due to the high dynamics of price movement that you can earn up to 100% per day even when using a leverage of 1:5.
In 2021, this market segment has become the leader in the speed of trend movement, but for stable earnings it is necessary that the selected asset has not only high volatility, but also good liquidity.
In this case, it is best to choose those that are available for trading in the trader’s trading platform. Because leverage can easily compensate for the lack of volatility even during a flat.
The most popular cryptocurrencies that can be traded through the trading platform are listed on the page - https://time-forex.com/kriptovaluty/popularnye-kriptowaluty
If we talk about the statistics of volatile cryptocurrencies in 2021, then the most dynamic digital currencies include:
- Bitcoin – on average up to 10% price change per day.
- Ethereum – 3-5% during the day
- Ripple – daily volatility for this cryptocurrency can reach 100%, with an average of 3-5%.
- Litecoin – in a month the price of this asset can change by 50%, at the same time within a day the indicator changes around 3-5%
- Stellar – the 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 crypto currency pair rises or falls in price by 50 or even 100 percent per day.
In a normal situation, using the most volatile cryptocurrencies and a leverage of 1:5 on one move, you are guaranteed to get up to 20% profit within 24 hours.
Despite the fact that volatility is not a stable indicator and the same cryptocurrency today can rise in price by 50%, and within a week its price fluctuations will be only 1-3%, it is preferable to focus on one or two assets in your work.
You should not try to catch a strong movement by constantly changing the working crypto currency pair; such tactics rarely lead to a positive result.
If we talk about personal preferences, my current working assets are Bitcoin and Stellar.
Recommended brokers for cryptocurrency trading - https://time-forex.com/kriptovaluty/brokery-kriptovalut