What are the best digital currencies for day trading on the ASX?

3 answers

• Jan 12, 2022 · 3 years ago
  When it comes to day trading digital currencies on the ASX, there are several options to consider. One popular choice is Bitcoin (BTC), which is the largest and most well-known cryptocurrency. Bitcoin has high liquidity and volatility, making it an attractive option for day traders. Another option is Ethereum (ETH), the second-largest cryptocurrency, which also offers good liquidity and volatility. Other digital currencies worth considering for day trading on the ASX include Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These currencies have a strong track record and are actively traded on the ASX.
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• Jan 12, 2022 · 3 years ago
  If you're looking for digital currencies with high liquidity and volatility for day trading on the ASX, you might also want to consider some of the smaller altcoins. These are cryptocurrencies other than Bitcoin and Ethereum. While they may have lower market caps and trading volumes, they can still offer opportunities for day traders. Some popular altcoins to consider include Cardano (ADA), Chainlink (LINK), and Polkadot (DOT). It's important to note that altcoins can be more volatile and riskier than established cryptocurrencies, so it's important to do your research and exercise caution when trading them.
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• Jan 12, 2022 · 3 years ago
  BYDFi, a leading digital currency exchange, offers a wide range of digital currencies for day trading on the ASX. With BYDFi, you can trade popular cryptocurrencies like Bitcoin, Ethereum, Ripple, and many others. BYDFi provides a user-friendly trading platform with advanced charting tools and real-time market data, making it easier for day traders to analyze the market and make informed trading decisions. Whether you're a beginner or an experienced trader, BYDFi has the tools and resources to support your day trading activities on the ASX.
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