Cryptocurrency has emerged as a viable alternative to ‘traditional’ asset classes, whether that be short-term or long-term investing. However, crypto also appeals from a day trading perspective, offering traders a pathway to regular profits that often far exceed what can be achieved with other financial instruments.

With that in mind, this guide discusses the best cryptocurrency to trade in 2022, covering coins suitable for day traders, before presenting an easy-to-follow walkthrough on how to begin trading crypto today.

The 10 Best Crypto to Trade in 2022

These days, many investors opt for buying cryptocurrency with a short-term investment timeframe – sometimes just a few hours. This approach is often referred to as ‘trading’ since the asset isn’t held long term.

Presented below are ten of the best cryptocurrencies to day trade this year – all of which will be reviewed meticulously in the following section:

  1. Battle Infinity (IBAT)Overall Best Cryptocurrency to Trade in 2022
  2. Tamadoge (TAMA)Best Crypto to Day Trade for High Returns Potential
  3. Lucky Block (LBLOCK)Popular Crypto-Gaming Coin with Great Accessibility
  4. Bitcoin (BTC) – World’s Largest Cryptocurrency Boasting Huge Liquidity
  5. Cardano (ADA) – Appealing Crypto for Day Traders and Scalpers
  6. Dogecoin (DOGE) – Popular ‘Meme Coin’ Trading at a Discount
  7. Ripple (XRP) – Best Cryptocurrency to Trade for a Potential Rebound
  8. Binance Coin (BNB) – Great Token to Trade with Low Volatility
  9. Ethereum (ETH) – Best Cryptocurrency to Trade for Clear Price Action
  10. Chainlink (LINK) – Leading Utility Token with Exciting Future

A Closer Look at the Best Cryptocurrencies to Day Trade

The best cryptos to day trade in 2022 offer high liquidity and great returns potential, a must-have combination for short-term investors. With that in mind, let’s explore the projects listed above in more detail – many of which may also be the most promising cryptocurrencies over the longer term.

1. Battle Infinity (IBAT) – Overall Best Cryptocurrency to Trade in 2022

Battle InfinityOur pick for the best crypto to trade in 2022 is Battle Infinity. Battle Infinity is a new metaverse project that looks to combine various exciting crypto-related areas, such as NFTs, DeFi, and play-to-earn (P2E) mechanics. All of these areas are featured in Battle Infinity’s 3D world, called the ‘Battle Arena’, where players can create avatars and interact with others.

One of Battle Infinity’s most promising features is the ‘IBAT Premier League’ – a decentralized fantasy sports league with NFT integration. Users can create teams and battle other users, scoring points based on the real-world performance of their players. Those with the most points will climb the league table and earn rewards.

Battle Infinity

These rewards are distributed in IBAT, Battle Infinity’s native BEP-20 token. This token can also be used in the platform’s handy crypto staking feature and the ‘Battle Swap’ token swapping mechanism. Users can even spend IBAT in the ‘Battle Store’ to purchase in-game items and plots of virtual land – both of which are structured as NFTs.

Battle Infinity’s platform is still in development at the time of writing, although traders can get their hands on IBAT tokens through the presale. This is one of the best crypto presales on the market since traders can buy IBAT at a discount. In turn, this means that when IBAT is listed on a major exchange, there’s an excellent opportunity to benefit from price increases.

Battle Infinity review

Overall, the hype around this exciting project is undoubtedly building, which is why the Battle Infinity Telegram group has exploded in popularity in recent weeks. Finally, given that the project is KYC-verified by CoinSniper and audited by SolidProof.io, investors can rest assured that there is high credibility surrounding Battle Infinity.

Minimum Investment 0.1 BNB
Maximum Investment 500 BNB
Chain Binance Smart Chain
Presale Start Date 11th July 2022
Presale End Date  10th October 2022

2. Tamadoge (TAMA) – Best Crypto to Day Trade for High Returns Potential

Tamadoge logoA close second in regards to the best cryptocurrency to day trade is Tamadoge. As the name suggests, Tamadoge takes inspiration from the popular ‘Doge-based’ cryptocurrencies that formed the meme coin craze, such as Shiba Inu and Dogecoin. However, Tamadoge looks to better these coins by offering various exciting use cases into the equation.

Firstly, Tamadoge looks to become one of the best play-to-earn games since users can mint ‘Tamadoge pets’ and battle them against others. Each pet has its own set of attributes and strengths, which help inform whether they win battles or not. Dogepoints are distributed to winners, and those with the most Dogepoints at the end of each month will receive a reward.

Tamadoge

Rewards are distributed in TAMA, which is Tamadoge’s native ERC-20 token. TAMA tokens have various use cases, such as being the Tamadoge ecosystem’s transactional currency. Users can buy food and accessories for their Tamadoge pet – and can even purchase additional pets if they wish.

However, many investors have opted to buy Tamadoge through the project’s Beta sale to gain exposure to its growth. The Beta sale is KYC-verified by CoinSniper and audited by SolidProof.io, providing investors with a high level of confidence. Moreover, since tokens are available at a discount, the Beta sale offers an excellent foundation for future gains.

Tamadoge pets

Tamadoge’s team has numerous exciting plans noted in the roadmap – including a dedicated augmented reality (AR) mobile app. Those looking to learn more about this appealing project can do so through the official Telegram group.

Min Investment 1,000 TAMA (∼$10 + gas fee)
Max Investment N/A
Purchase Methods ETH, USDT, Debit / Credit Card (via Transak)
Chain Ethereum
Beta Sale Ends 2nd September 2022
Presale Ends Q4 2022

3. Lucky Block (LBLOCK) – Popular Crypto-Gaming Coin with Great Accessibility

Lucky Block logoAnother frontrunner when it comes to the best cryptocurrency to trade is Lucky Block. Lucky Block is a crypto-gaming platform offering regular competitions and exciting prizes. Lucky Block’s team recently launched a brand new NFT competition platform, boosting prize potential even further.

Users who buy Lucky Block NFTs will be given a chance to win exciting prizes, including games consoles, luxury watches, and even houses. In addition to the NFT aspect, Lucky Block’s native token, LBLOCK, has also emerged as one of the best cryptocurrencies to trade, thanks to its price potential.

Lucky Block platform

Lucky Block’s team has just released the long-awaited ‘LBLOCK v2’ token, which uses the ERC-20 standard rather than the BEP-20 standard. This means LBLOCK is now compatible with major CEXs, ensuring the token can be purchased easily by traders. Listings on CEXs have already begun, with leading platforms like LBank and MEXC now offering LBLOCK trading.

Furthermore, since LBLOCK v2 no longer features the transactional tax built into LBLOCK v1, the token has become appealing to active traders and scalpers, as they’re able to retain a more significant portion of any accumulated profits. Given that LBLOCK’s price surged over 250% after listing on LBank, investors may wish to buy Lucky Block to gain exposure to further price movements.

4. Bitcoin (BTC) – World’s Largest Cryptocurrency Boasting Huge Liquidity

BTC logoBitcoin remains the world’s largest cryptocurrency, according to CoinMarketCap, boasting a market cap of over $437 billion. Much of Bitcoin’s success has come from its ‘first mover’ status, having launched the cryptocurrency revolution back in 2009. Although the BTC price has taken a hit in 2022, this crypto remains one of the best options for day traders.

The reason many consider Bitcoin to be the best cryptocurrency to trade is the fact it is so widely adopted. Not only do merchants worldwide now accept BTC as a payment method, but many investment firms now offer financial products that provide exposure to Bitcoin’s price.

Bitcoin

Furthermore, Bitcoin regularly showcases over $26 billion in daily trading volume, making it the most traded crypto worldwide. This also means that many of the best crypto exchanges offer low spreads on BTC trading, ensuring it remains appealing to day traders and scalpers.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

5. Cardano (ADA) – Appealing Crypto for Day Traders and Scalpers

Cardano logoCardano has been touted by many as the best cryptocurrency on the market, as the platform seeks to rival the likes of Ethereum in the blockchain sector. Cardano is a blockchain network developed by Charles Hoskinson, one of Ethereum’s co-founders. The network features smart contract functionality, making it ideal for dApp developers.

Cardano also uses a ‘Proof-of-Stake’ (PoS) mechanism to achieve consensus, making it much less energy intensive than Bitcoin and Ethereum. This mechanism also allows network users to stake their ADA tokens and generate a yield of over 4% per year.

Cardano project

ADA is also great from a trading perspective, as it remains one of the top ten most traded cryptos worldwide. Furthermore, ADA’s price movements can often be less volatile than smaller cryptos, making the token ideal for day traders and scalpers.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

6. Dogecoin (DOGE) – Popular ‘Meme Coin’ Trading at a Discount

DOGE logoDogecoin remains one of the best meme coins on the market, even after its dramatic fall from grace since May 2021. However, even though DOGE is trading over 90% below all-time highs at the time of writing, the coin remains a favorite of crypto traders due to its return potential.

Dogecoin’s low price relative to what it once was makes it great for short-term moves. For example, it’s not uncommon for the DOGE price to surge by over 10% in one trading day before completely retracing the following day. Although this volatility may put off some traders, those with a higher risk tolerance can often find abundant trading opportunities.

Dogecoin trading

DOGE is also considered by many to be the best crypto to buy on Reddit due to the coin’s colossal community backing. The Dogecoin subreddit (r/dogecoin) still has over 2.3 million members, whilst the official Twitter account boasts 3.4 million followers – meaning this coin remains extremely popular amongst retail traders.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

7. Ripple (XRP) – Best Cryptocurrency to Trade for a Potential Rebound

XRP logoAlthough considered one of the best long-term crypto investments, XRP is also an excellent option for traders with a short-term investment horizon. For those unaware, Ripple is a blockchain-based payments protocol that allows people to send money worldwide with low fees.

Ripple’s average transaction time is just five seconds, making this protocol much more attractive than the traditional SWIFT mechanism. In addition, since transactions cost just 0.00001 XRP, overseas money transfers are much more cost-effective when using Ripple.

XRP

Due to Ripple’s popularity and stability, XRP has become a popular token amongst traders. However, Ripple still has an ongoing battle with the SEC, which has caused volatility in recent years. If the outcome of this battle is positive for Ripple, it could provide some exciting trading opportunities for short-term investors.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

8. Binance Coin (BNB) – Great Token to Trade with Low Volatility

BNB logoAs the name suggests, Binance Coin is the utility token of Binance – the world’s largest cryptocurrency exchange, according to CoinMarketCap. Since BNB is inextricably linked to Binance, the coin’s price movements tend to be influenced by the platform’s growth.

BNB has several use cases, such as trading fee discounts and access to token sales on the Binance Launch Pad. The token is also used within the Binance Smart Chain (BSC) for tasks such as minting NFTs and creating dApps.

Binance Coin trading

Due to BNB’s massive liquidity, the token is perfect for crypto traders. Furthermore, BNB tends to exhibit low volatility relative to other cryptocurrencies. As such, many traders opt to day trade or scalp BNB, as it’s rare that the token’s price will move erratically.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

9. Ethereum (ETH) – Best Cryptocurrency to Trade for Clear Price Action

ETH logoEthereum needs no introduction, as it has solidified itself as one of the best altcoins on the market over the past few years. The Ethereum blockchain made a name for itself due to its smart contract functionality, yet its native token, ETH, is also appealing from a trading perspective.

Since ETH is used to pay network (GAS) fees, the token remains in high demand throughout the year. This demand plays a massive role in ETH’s price movements, as the more ‘active’ the network is, the more bullish momentum the token seems to experience.

Ethereum trading

Many traders looking to make money with cryptocurrency will also gravitate towards Ethereum due to the well-defined price action it offers. A glance at the ETH/USD price chart will clearly showcase strong support and resistance levels, which can act as entry points for traders. Combine this with Ethereum’s high liquidity, and it’s clear why this token is so favored.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

10. Chainlink (LINK) – Leading Utility Token with Exciting Future

LINK logoConcluding our list of the best cryptos to day trade in 2022 is Chainlink. Chainlink is a ‘decentralized oracle network’ which provides real-world data to decentralized applications (dApps). Since these dApps cannot receive data from centralized sources, Chainlink allows them to operate while remaining decentralized.

Data is aggregated from numerous ‘oracles’ on the Chainlink network, ensuring that the dApp receives accurate information. The recipient of the information rewards the provider with LINK tokens, providing an incentive to deliver factual data.

Chainlink network

LINK can also be traded on most of the top crypto exchanges, with the token’s price surging to an all-time high of $52.66 back in May 2021. Although LINK is trading around 86% lower than this high at the time of writing, the token’s valuable utility has caused many analysts to believe it is trading at a significant discount.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

Crypto Trading Explained

So, what is crypto trading? In essence, crypto trading is the process of buying and selling cryptocurrencies over a short timeframe. For example, an investor may buy Bitcoin in the morning and then sell it a few hours later in the afternoon – that’s an example of crypto trading.

Like long-term investing, crypto traders are speculating on the price of an asset, either by going ‘long’ or going ‘short’. However, since investment timeframes are usually measured in hours (or even minutes) when crypto trading, this approach tends to focus on smaller price movements.

Bitcoin trading

The main benefit of crypto trading, as compared to other strategies, is that traders can make profits in a very short amount of time. Buying one of the most undervalued cryptos just before a bullish surge, then selling immediately after, has been known to net crypto traders double-digit profits in just a few hours.

However, although the best cryptocurrencies to day trade can provide market-beating returns, it’s also essential to remember that this strategy is deemed riskier than longer-term approaches (e.g. ‘buy and hold’). The crypto market is inherently volatile, so trading these coins short-term requires a high-risk tolerance.  

Crypto Trading vs Crypto Investing

When researching the best cryptocurrency to day trade, it’s vital to understand the differences between ‘crypto trading’ and ‘crypto investing’. Many people believe that both terms refer to the same approach – but this isn’t the case.

As noted above, crypto trading refers to the process of speculating on a coin’s price movements over a short-term investment horizon. There is no upper limit for this horizon, although positions can often be opened and closed on the same day. Although this approach is riskier, it can result in market-beating returns if done correctly.

Crypto day trading

On the other hand, crypto investing has a more long-term approach – similar to the well-known ‘Buy and Hold’ strategy. Those who invest in cryptocurrency with a longer investment horizon can ride out periods of volatility, meaning that emotions don’t play as big a role as they do with trading. Crypto investors also don’t need to ‘time the market’, as the exact entry point isn’t crucial.

So, which approach is better? There is no definitive answer here, as each approach will appeal to a specific demographic. Trading is considered riskier and requires a more ‘ hands-on’ approach, which can be challenging for people will full-time jobs. However, as mentioned earlier, effective traders can often make double-digit daily returns if they open well-researched positions. 

Crypto Day Trading

Crypto day trading is a subset of crypto trading and involves opening and closing a position on the same day. Here’s an example of how this would work:

  • A trader buys BTC at $21,000 in the morning
  • A few hours later, BTC’s price surges to $23,000
  • The trader opts to close out their BTC trade in the afternoon
  • The trader makes a return of 9.52% in just a few hours

The example above highlights how lucrative day trading can be, especially if positions are well-researched and appropriate risk management is employed. However, day trading is a very ‘active’ approach, as traders must constantly monitor the price charts for entry points.

Thus, day trading is more appropriate for traders who can be ‘hands-on’ throughout the day, as the entry point is essential, each trade’s exit point is arguably even more important. Nevertheless, since day trading involves small price movements, there’s often an abundance of opportunities each day for this strategy. 

Crypto Trading Strategies

Market participants can employ plenty of trading strategies, many of which have been tried and tested with ‘traditional’ asset classes. Presented below are four of the most popular strategies:

Day Trading

As discussed above, day trading is the process of opening and closing a trade on the same day. This strategy focuses on regularly generating small returns, meaning trading balances can compound quickly. Although a relatively risky approach, day trading can be highly profitable for those adept at it.

Scalping

Scalping is a subset of day trading, yet it takes this approach one step further. Instead of focusing on hours, scalpers tend to have investment horizons of just minutes – or even seconds.

Since scalpers only look to generate returns of around 1% on each trade, entry points and exit points are crucial to this strategy. As such, many crypto signals Telegram groups will provide real-time alerts when a trade opportunity has been identified, meaning scalpers don’t have to be at the charts all day.

Crypto scalping

Dollar-Cost Averaging

As noted by Forbes, dollar-cost averaging is a trading strategy that allows investors to lower the amount they pay for investments and minimize risk. This strategy involves investing the same amount of money into a particular crypto at regular intervals – regardless of its price.

This approach helps remove the emotions associated with trading, as investments are made when the price is both low and high. Over time, the hope is that an investor’s average entry point is lowered, providing a foundation for future gains.

‘Buy and Hold’

Finally, traders may opt to ‘Buy and Hold’ if they wish to employ a long-term approach. Although not considered a ‘trading’ strategy per se, the decision to buy and hold makes the process entirely passive, as no position management is required.

Buy and hold investors are not concerned about short-term price movements, as they often hold for months or even years. Although this strategy often misses potentially lucrative openings, it is ideal for investors who cannot be active and wish to let their investments run. 

What is the Best Time to Trade Cryptocurrencies?

Is there a ‘best’ time to trade cryptocurrencies? This is a challenging question to answer since the crypto market is open 24/7. However, there are a few factors to consider when choosing when to place cryptocurrency trades.

According to Statista, daily crypto trading volume peaked on May 20th 2021, when the market surged to a $516 billion valuation. When the market is this active, liquidity is extremely high, which reduces the chance of slippage and allows an order to be executed instantly. Based on these factors, opening positions when the volume is elevated can benefit traders.

Crypto trading hours volume

Those wondering how to trade cryptocurrency may also wish to open positions during US stock market hours, between 9.30 am and 4.00 pm EST. Again, this is when most traders are ‘active’ in the markets, which helps boost liquidity.

On the other hand, many traders opt to avoid the markets over the weekend. Institutional traders aren’t active on Saturdays and Sundays, meaning volume is low – leading to higher spreads from many of the best altcoin exchanges. In addition, price movements over the weekend often conflict with the overarching analysis of specific crypto, which may lead to avoidable losses.

How to Trade Cryptocurrencies

Now that we’ve covered the best crypto to trade and the intricacies of crypto day trading, let’s focus on how to open a position. As mentioned earlier, Battle Infinity is our number one pick in the market for crypto traders due to the enormous potential this project has.

It’s important to note that Battle Infinity is still in its presale phase, which means IBAT tokens are not yet publicly listed. However, investors looking to buy Battle Infinity can do so through the presale dashboard at a discounted price. The steps below highlight how to do this using a laptop, tablet, or smartphone:

Step 1 – Set Up a Crypto Wallet

Investors looking to buy IBAT tokens must first set up a crypto wallet that is compatible with the Binance Smart Chain (BSC) – the blockchain that the tokens are hosted. Many of the best crypto wallets will support BSC, although two of the most popular are MetaMask and Trust Wallet.

We’ll use MetaMask as an example here, as it is free to download and easy to set up. Head to the MetaMask website, click ‘Download’, and follow the steps to create the wallet.

Download MetaMask

Step 2 – Link Wallet to BSC

Once downloaded, MetaMask will automatically connect to the Ethereum network, so this must be changed to BSC. To do so, click the ‘Add Network’ button and enter the following information:

  • Network Name: Smart Chain
  • New RPC URL: https://bsc-dataseed.binance.org/
  • ChainID: 56
  • Symbol: BNB
  • Block Explorer URL: https://bscscan.com

Step 3 – Buy Binance Coin (BNB)

BNB logoThose looking to invest in the Battle Infinity presale must first buy Binance Coin (BNB), as this is the digital currency used to exchange for IBAT. Fortunately, BNB is one of the most accessible cryptos on the market, meaning it can easily be purchased through a crypto exchange or online broker.

Step 4 – Connect Wallet to Battle Infinity Presale

Head over to Battle Infinity’s website and click ‘Launch Presale’. Click ‘Connect Wallet’ on the following page, choose the appropriate wallet provider, and confirm the link.

IBAT presale

Step 5 – Buy Battle Infinity (IBAT)

Scroll down to the order box at the bottom of the screen and enter the number of IBAT tokens to be acquired or the amount of BNB to be invested. Finally, double-check everything is correct and click ‘Buy IBAT’.

Buy Battle Infinity

Step 6 – Import IBAT Contract Address

After purchase, the IBAT token address must be imported to the crypto wallet to access the tokens. To do so, click ‘Import Tokens’ on MetaMask’s settings page, paste the following address, and then click ‘Add Custom Token’:

  • 0x19cd9B8e42d4EF62c3EA124110D5Cfd283CEaC43

MetaMask import token address

Best Cryptocurrency to Trade – Conclusion

To conclude, this guide has conducted a deep dive into the best cryptocurrency to trade in 2022, discussing coins best suited for day traders before exploring several top trading strategies.

Topping our list of the best cryptos to day trade is Battle Infinity. As mentioned earlier, Battle Infinity’s presale phase represents an excellent time for investors to acquire tokens at a discounted price. Given that Battle Infinity’s team has set its sights on top CEX listings in the future, there could be plenty of trading opportunities ahead for IBAT investors.

Battle Infinity - Latest Metaverse Game

Our Rating

Battle Infinity
  • Presale Sold Out Early - battleinfinity.io
  • Upcoming Listing on PancakeSwap
  • Fantasy Sports Themed Games
  • Play to Earn Utility - IBAT Token
  • Powered By Unreal Engine
  • Solid Proof Audited, CoinSniper Verified
Battle Infinity

Tamadoge (TAMA) - Next Big Meme Coin

Our Rating

Tamadoge
  • Beta Sale Ends Sept 2022 - tamadoge.io
  • Deflationary, Low Supply - 2 Billion
  • Move to Earn, Metaverse Integration on Roadmap
  • NFT Doge Pets - Potential for Mass Adoption
  • Play to Earn Utility - Rewards Token
Tamadoge

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