A cryptocurrency can be particularly suited for day trading for a variety of reasons. First, liquidity, proxied by market size and volume, is important to a day trader, so naturally the most popular cryptocurrencies like Bitcoin Core (BTC) and Ethereum (ETH) are attractive targets, along with Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC). Next, fees are also important to a day trader who plans to enter and exit a position in a certain cryptocurrency multiple times within a certain day. As mentioned before, fees vary by exchange, necessitating some preliminary research before deciding which exchange to use to day trade cryptocurrency. Finally, cryptocurrency day traders should be aware of the history of a cryptocurrency and some of the actors pulling the strings of a coin’s development. Each cryptocurrency has its own unique origin story and learning who’s working behind the scenes and what their motivations are may help a day trader determine which coins may experience particular price volatility at a certain time.