html69 – Cryptocurrency, Forex and Beyond

Best cryptocurrencies for hourly trading and short-term time frames

Admin
Best-cryptocurrencies-for-hourly-trading-and-short-term-time-frames

Best-cryptocurrencies-for-hourly-trading-and-short-term-time-frames

ChangeNOW 300x250-1

The digital currency market has witnessed extreme price fluctuations in the past few years. This roller coaster is considered a challenge for some users and a golden opportunity for others.

Cryptocurrencies are often considered risky investments due to their high price volatility. However, if you know what trading method is best for you, this risk can turn into your profit.

One of the popular digital currency trading strategies is the hourly trade, which is usually used by professional traders using cryptocurrencies that have a high market cap and volatility.

For this purpose, in this article, we introduce the best cryptocurrency for hourly trading and the most volatile digital currency. let’s dive in and explore together:

What is an hourly trade?

In hourly trading or trading in short-term time frames, traders buy and sell digital currency several times a day. In order to become a professional in this work, these people must practice for many hours and have relatively specialized information in the field of digital currency trading and how these cryptocurrencies are profitable.

These deals usually start on the same day and end on the same day. In this strategy, the trader spends only a few hours of his time trading the most suitable digital currency for daily trading.

The 1-hour, 4-hour, and 15-minute timeframes are usually the most popular.

Introducing the most volatile digital currency for hourly trading

Delving into the world of crypto offers more rewards to traders who are willing to accept higher risk.

Cryptocurrencies that are highly volatile often experience large price changes during the day. Although this may be a problem for some, there are many opportunities for day traders as well as hourly traders. Next, we introduce the best currency for hourly trading in 2023.

Bitcoin (BTC), the most volatile digital currency

Bitcoin is the most valuable digital asset and one of the most volatile cryptocurrencies you can invest in right now. More than 10 years have passed since the life of this coin, but it still maintains an upward trend with high fluctuations.

Bitcoin is considered the best digital currency for short-term investment. Because it can always reach its highest level.

This ability to bounce back quickly was seen in 2013 and was repeated in the bull markets of 2017 and 2021.

Shiba Inu (SHIB), the most volatile memecoin to trade

The irregular and unpredictable price fluctuations of Shiba Inu have made this coin the best currency for hourly trading.

With the hourly trade of this memecoin, you can register unimaginable achievements within a few days and even a few hours. SHIB as the best digital currency is not a good option for long-term investment because its high volatility may cause you to lose your assets.

Solana (SOL), a highly volatile and promising altcoin

Solana has a high position in the list of the most volatile digital currency. Although it has been able to maintain its upward trend since the beginning of its journey, this journey has been accompanied by many price fluctuations.

These price fluctuations are somewhat related to the general trend of the market and can also be attributed to important developments and events.

Positive changes and developments such as partnerships with other brands and the integration of a popular cryptographic technology lead to the rise of the SOL token.

On the other hand, negative news such as hacking or failure of “Defi” and “dApps” hosted on the Solana network has an adverse effect on the performance of this currency.

Traders can check the movement of SOL with the help of technical analysis and invest in this currency with more confidence.

Ethereum (ETH), the best currency for hourly trading

Ethereum is the second most valuable currency in the market and one of the most popular cryptocurrencies in the market, but its price fluctuations have made it to be on this list.

By using the best daily trading strategy, you can earn good profits from the ups and downs of this currency. In an unparalleled display of resilience, Ether has always recovered from even the most volatile drops and struggled to reach a new price point.

Currently, the majority of traders are eagerly waiting for the ETH price to change after the latest update.

Binance Coin (BNB), valuable but volatile

Binance coin token is the largest centralized exchange and the main coin of the Binance smart chain is one of the fastest blockchain ecosystems.

Due to the many developments that occur in this exchange and ecosystem, it is included in the list of the best currency for hourly trading, and it is also considered the best digital currency for daily fluctuations.

The flexibility and solid foundations of “BNB” make it a good option for long-term investment. Some crypto experts believe that it will soon increase by around 250% to regain its previous position in the next bullish period.

Ripple (XRP), a cheap token and a safe choice for hourly trading

Three key factors have placed Ripple among the most volatile assets and the best currency for hourly trading.

First is the ongoing court battle with the SEC, which has a huge impact on market sentiment as well as the price of XRP.

The second is the overall performance of the market, especially when the trend is changing.

Finally, the ongoing developments of the Ripple network, especially the acquisition of more partners, will significantly affect the price of XRP.

The token is the eighth most valuable cryptocurrency on the market and is currently trading 85% below its all-time high in January 2018. In recent years, Ripple has been able to record good price fluctuations, and you can consider the right strategy for your transactions by checking the best digital currency brokers.

Avalanche (AVAX), highly volatile and the best currency for hourly trading

Avalanche is one of the most popular competitors of Ethereum, which is known among the top 20 currencies of this market. This currency is included in the list of the most volatile digital currency for hourly trading due to its high and unpredictable price fluctuations.

The changes in the value of this currency along with the high volume of transactions creates a lot of opportunity to generate income from transactions.

Uniswap (UNI), generating passive income

UniSwap is the most popular decentralized digital currency exchange and UNI is the native token of this platform.

Like many other digital assets on the list of the best currencies for hourly trading, this token has a lot of volatility and does not always follow technical analysis, and is not at all a good option for risk-averse traders.

Currently, this token is trading 85% lower than the highest record of this currency in 2021. This volatility and relatively high daily trading volume create many money-making opportunities for hourly and short-term time-frame traders.

Additionally, its cash pools offer great passive income generation ideas for investors.

Dogecoin (DOGE), a highly volatile cryptocurrency with huge supporters

Dogecoin is one of the most popular and valuable memecoins on the market which, like other currencies, derives most of its value from market sentiment as well as hype from celebrity investors.

All these things make it one of the most volatile coins and the best currency for hourly trading. DOGE’s price performance is significantly dependent on the overall market trend.

When the market is in an uptrend, the value of the doge increases. On the other hand, it falls along with other cryptocurrencies.

All these things make you often see a big price drop of this currency and it is the most volatile digital currency in your mind.

Bitcoin Cash (BCH), the most volatile digital currency

Several factors make Bitcoin Cash one of the best currencies for hourly trading.

This currency experiences the most turbulent price fluctuations, and it is not impossible for its price to fall or rise in a moment. As the daily trading volume of BCH shows, many investors are interested in buying this token.

Bitcoin Cash is a promising and flexible project that has been able to prove itself in all these years. It has also been able to survive the constant crypto crashes and can reach new heights in the future.

Are volatile digital currencies worth investing in?

Even the most volatile digital currency of 2023 is worth investing and trading. However, the fluctuation of cryptocurrencies is one of the inseparable and distinguishing features of this market.

All these ups and downs give traders the opportunity to invest and earn profit. Additionally, price swings, high liquidity, and quick access make them an excellent trading option for active traders.

Please write in the comments, which project is empty in the list of the best currencies for hourly trading? Share your opinions with us and other users.

Exit mobile version