The cryptocurrency market has boomed in the financial markets with new hopes for traders to earn. They look for various opportunities, market trading strategies, tools, and more to make it big. 

In the research, we found that many traders prefer intraday trading as a profitable strategy to make efficient and good trading. They go for this short-term investment to have high market profits. 

Cryptocurrency is a volatile market, and traders can use the intraday strategy with some of the significant cryptocurrencies discussed in the article. 

Major Cryptocurrency Intraday

Major cryptocurrencies for intraday trading strategy are Bitcoin, Ethereum, BNB, and XRP. The four highly popular digital currencies hold a good market position and attract millions of traders to invest. 

Here, we have a technical analysis of these cryptos and understand why these are important for intraday trading. So, let’s begin and understand these ones by one. 

Bitcoin (BTC)

Bitcoin is the first cryptocurrency that an unknown group of people introduced to trade in the market. Since then, crypto has developed and expanded in the number of altcoins. 

It has massive liquidity in the market and is among the most valuable cryptocurrencies. The global appeal of Bitcoin in the market makes it the best intraday trading cryptocurrency. 

Traders can buy it easily with any broker or crypto exchange to trade in the market and earn profits within a day. 

Ethereum (ETH)

Ethereum is said to be the large capital cryptocurrency coin that has massive market potential to grow and make money. Ether could be traded by traders in an intraday trading strategy and enjoy a smooth trading experience. 

It comes in the second position after Bitcoin with high market capitalization. Ether has constantly risen to frame over the years and is expected to have a bright future for the traders. 

The cryptocurrency works on blockchain technology and has the largest layer-1 smart contract blockchain. Hence, it has less chances of failing in the crypto world. It has always been in the news and has the potential to make traders earn from it in long and short-term positions. 

Traders can certainly consider Ether cryptocurrency for intraday trade and be successful investors. 

Binance Coin (BNB) 

BNB is the coin that is used in the cryptocurrency market by traders to basically pay transactions and trading fees of the investors. BNB refers to the Binance coins and was issued by the Binance exchange.

Binance crypto exchange is a popular trading place with more than 350 virtual currencies to trade. It is the largest cryptocurrency with a range of services attracting several traders. 

The coin is run on the Ethereum blockchain with ERC 20 standard and is the native coin of Binance. Launched in 2017 as Initial Coin Offering (ICO), BNB has a maximum of 200 million tokens. 

Traders can invest with the coin using the intraday strategy and be high-profit earners. 

Ripple (XRP)

Initiated in 2012, Ripple has become a popular cryptocurrency in the market. For investors of the cryptocurrency market, it is worth an investment choice due to the differences and being a smart coin. 

Currently, the coin is trading at a discount in the market, but as the market is volatile, it can change at any minute or second. It can reach high with a great potential to make money for the traders. 

Traders can use an intraday strategy to invest in Ripple and make short-term investments. It is a real-time gross agreement system digital currency and remittance network of Ripple Labs Inc. 

Ripple is a US-based technology company that introduced the XRP cryptocurrency to have good market growth. They have reached new highs in the market with the step as crypto is highly traded. 

One can easily buy it from a brokerage such as InvestBy to make good profits and trade smoothly in the financial world. 

Conclusion

Cryptocurrency is a financial market that is highly volatile but has good market opportunities for traders. They can trade with an intraday trading strategy which allows one day trading in the market. 

Traders can hold single or multiple positions with Bitcoin, Ethereum, Binance Coin, and Ripple. The article has discussed these significant cryptocurrencies to give an analysis to the traders. 

However, the market is volatile and requires proper knowledge, understanding, and research before traders trade in the market. 

So, now if you can’t control yourself from starting crypto trading, you can do so by opening a trading account with a good brokerage platform. 

In this series, InvestBy can be a great option for Indian traders while InvestFW is better for International traders.