Moralis Money is the best tool for crypto day trading, and it leverages real-time, on-chain data to give you true market alpha. However, you don’t have to take our word for it; check out some Twitter testimonials of happy Moralis Money users already leveraging this tool to make serious gains:
For a quick demo, this is how to effortlessly find new coins gaining buy pressure from other crypto traders when using Moralis Money:
In this article, we’ll explore this tool in further detail and take a closer look at how you can leverage Moralis Money to maximize your crypto day trading gains. If this sounds exciting, join us as we return to basics and kick off this guide by exploring the intricacies of day trading.
What is Day Trading?
Before diving into the best tool for crypto day trading, let’s first unpack what day trading actually entails. So, what is day trading? Let’s find out!
Day trading is an active strategy where people purchase and sell assets within a given trading session. A trading session often lasts one day. During this time, the goal is to capitalize on short-term price movements. As such, as you can imagine, the highly volatile nature of the crypto market makes it the perfect environment for a day trading strategy!
Day trading begins by defining a clear and straightforward strategy. Here, it’s generally a good idea to have a structured and rule-based approach. In doing so, you can create a simple and repeatable trading process that can be applied to many situations and multiple assets.
However, if you’re new to the space, you should know that crypto day trading can be risky. If you don’t know what you’re doing, your experience can be much like skydiving without a parachute. This is why you need proper tools and strategies to become a successful day trader.
How to Find Day Trading Crypto Assets
A big part of day trading crypto is finding the right assets. This can be challenging if you don’t know what you’re supposed to look for. So, let’s take this section to explore three critical things to look for when trying to find assets for day trading crypto.
- Volatility – First and foremost, you’ll need volatile cryptos when day trading. High volatility means an asset’s price continuously fluctuates, meaning you can capitalize on these price movements.
- Trading Volume – You’ll also want to go for assets with a considerable trading volume. This means that many people are trading the token, making buying and selling the asset more accessible. If you’re instead trading crypto pairs with low trading volume, you might get stuck with an asset you don’t need.
- Liquidity – Asset liquidity refers to how easily an asset can be converted into cash without it affecting the price. As such, you also want to look for assets with high liquidity, as you can avoid slippage and finalize buy and sell orders fast.
Now that you know what you’re looking for, let’s explore three common day trading crypto challenges you should avoid!
Why You Need the Best Tool for Day Trading Crypto
When it comes to day trading crypto, traders generally struggle with three challenges stopping them from making serious gains:
- The Fear of Missing Out (FOMO) – People often trade emotionally. In doing so, they make irrational decisions and fall into FOMO at the top, only to see their assets plummet shortly after.
- Time Limitations – With a highly volatile market, opportunities come and go in the blink of an eye. And keeping track of all promising assets is generally a full-time job.
- Scams – Casual and inexperienced traders often fall for rug pulls and exit scams as they don’t have time for complete due diligence.
To tackle the challenges above, you can leverage the best tool for day trading crypto – Moralis Money.
But what is Moralis Money? And why is it the best tool for crypto day trading?
Moralis Money Quickstart – The Best Tool for Day Trading Crypto
Among the best crypto trading tools, Moralis Money stands out as the premier alternative. It leverages irrefutable on-chain data to give you the most breaking market updates. This is truly a game-changer as you can base your trading decisions on unbiased, real-time, on-chain analysis data. As such, it has never been easier to find the next big crypto and make $100 a day trading crypto!
So, how does it work?
In the ”How to Find Day Trading Crypto Assets” section, we explored three critical factors to take into account when finding the right assets: high volatility, trading volume, and asset liquidity. As such, let’s use Moralis Money Token Explorer to generate a dynamic list of tokens with these characteristics:
- Step 1: Launch Token Explorer and add the Price Percent metric. In doing so, we can filter for coins that have increased by at least 10% today:
- Step 2: Let’s also add the Total Volume and Liquidity metrics. With these filters, you’ll get tokens with both high trading volume and asset liquidity:
- Step 3: We’ll also add the Security Score metric to remove potential scam coins:
That’s it; when working with the best tool for day trading crypto, finding potential altcoin gems doesn’t have to be difficult. However, before you start trading an asset, always remember to continue doing your own research to ensure it’s the correct token for your altcoin trading strategy!
Note: If you want to use narrower timeframes (daily, hourly, etc.), remember to subscribe to the Moralis Money Pro plan.
Moralis Money Overview
Moralis Money has three central features:
- Token Explorer – Token Explorer is the feature demonstrated in the section above. It’s the ultimate tool you can leverage to find new crypto coins before everyone else. As such, with Token Explorer, you don’t have to FOMO into buying an asset.
- Token Alerts – With Token Alerts, you can set up email notifications based on your unique search queries. In doing so, you’ll receive alerts whenever a new altcoin matching your preferences emerge. This means you can combat the time limitation challenge by finding new assets even when you’re not actively trading.
- Token Shield – Token Shield provides a security evaluation for all coins. As such, with this feature, it has never been easier to dodge rug pulls and exit scams.
In the ”Moralis Money Quickstart – The Best Tool for Day Trading Crypto” section, we showed you how to use Token Explorer. To further highlight the power of Moralis Money and why this is the best tool for day trading crypto, let’s also explore Token Alerts and Token Shield in more detail!
Get Email Notifications with Token Alerts
With Token Alerts, you can now set up email notifications appertaining to your custom filters. In doing so, you’ll get frequent notifications whenever a new token matching your preferences emerge. This means you can find new crypto projects even when you aren’t actively trading.
So, how does this work?
Once you are done setting up a custom query using Token Explorer, you can save the filter:
From there, you can now head back to the Moralis Money homepage, locate the filter, click on the bell button, and fill in the required information:
After hitting ”Start Monitoring,” you’ll receive email alerts when a new altcoin matching your filter emerges on the market. In return, you can act quickly on new opportunities and maximize your crypto gains!
Dodge Scams with Token Shield
The Token Shield feature provides each coin with a DEXT score. To get the score, all you have to do is look for the shield symbol attached to each coin:
The DEXT score is used to measure the confidence of a project. It takes several factors into account, including social information, pair liquidity, holders, transactions, etc. The maximum DEXT score is 99, and the lowest is 1. The higher the score, the less likely a token is to be a scam. You can learn more about the DEXT score and token security overall in the video below:
Moralis Money Pro – Supercharge the Best Tool for Day Trading Crypto
If you’d like to take your trading game to the next level, make sure to consider the Moralis Money Pro plan. As a Moralis Money Pro user, you’ll receive a bunch of benefits. Here are three examples:
- Narrow Timeframes – One of the most significant benefits of the Moralis Money Pro plan is narrower timeframes. As a Pro user, you can query market data on an hourly, thirty-minute, or even ten-minute basis. As you can imagine, this is one of the premier features for day trading crypto:
- Token Alerts – Token Alerts is a Pro plan feature. By subscribing to the Moralis Money Pro plan, you can set up five alerts and stay one step ahead of the market and crypto whales.
- Private Discord – As a Pro plan user, you can access a private Discord server. This means you’ll become part of a bigger community where you can talk to and learn from other crypto traders.
Along with the benefits above, you also get access to premium education, the ability to save up to ten search queries, and much more:
If you’d like to try Moralis Money Pro, then consider signing up for our seven-day trial. To do so, go to our pricing page and hit the ”Start a 7-day trial here!” button:
Now is also a better time than ever to subscribe to the Moralis Money Pro plan. Until Bitcoin hits $40k, you can now sign up at a discount. By taking this offer today, we’ll make sure to honor the price for as long as you stay subscribed!
Start Earning Passive Income with Crypto Affiliate Marketing
In addition to trading tokens and leveraging the best tool for day trading crypto, there’re other ways to make money within the space. A perfect example is affiliate marketing. With Moralis Money, anyone can set up their affiliate marketing side hustle in a heartbeat and begin their route toward financial freedom!
So, why should you opt for the Moralis Money Web3 affiliate program?
To answer this question, here are three benefits highlighting why Moralis Money offers one of the best affiliate programs in the industry:
- No Signup Requirements – First of all, the Moralis Money affiliate program has no signup requirements. This means anyone can become a Moralis Money affiliate anytime and start earning passive crypto income.
- 30% Lifetime Commission – Moralis Money also features an attractive commission structure where you get 30% on all borough-in revenue. As you can imagine, you don’t need too many signups to start earning a steady stream of passive income.
- Killer Product – If you have followed along this far, you have now experienced the power of Moralis Money yourself and know why this is the best tool for day trading crypto. As such, you now know you won’t have any difficulty promoting the product, as it essentially sells itself.
If this sounds interesting, join the Moralis Money affiliate program right now and begin your journey toward financial freedom!
Summary – The Best Tool for Day Trading Crypto
Today’s article explored the best tool for day trading crypto – Moralis Money. Moralis Money is the #1 trading indicator, leveraging on-chain data to give your true market alpha. Furthermore, it has three central features:
- Token Explorer – Token Explorer allows you to easily find the next 100x crypto or 100x meme coin. As such, with Moralis Money, you’ll never have to FOMO into investing in an asset ever again.
- Token Alerts – With Token Alerts, you can set up email notifications based on your preferences. As such, you’ll receive market updates even when you aren’t in front of your screen.
- Token Shield – Token Shield provides a security evaluation for all coins. As such, with this feature, you can now easily dodge scams.
Also, if you want to maximize the value of these features, make sure to subscribe to the Moralis Money Pro plan. What’s more, if you’d like to try it out yourself, you can now do so using the interactive widget below:
