Day Traders Are Winning Right Now But For Sustained Gains, Holding Bitcoin Or Youniverze Look Better

Day Traders Love Volatility

The crypto market is currently seeing an upward trend following many within the space believing that the crypto market has bottomed out and the path back to ATHs (All Time Highs) is upon us. While it is speculatory to think the crypto bottom has been hit many indicators suggest that it has indeed.

Nevertheless, as the wider macroeconomy continues to exude uncertainty from high levels of inflation and continued interest rates, it could turn the tide for crypto once more.

While many in the market oppose this uncertainty, day traders are thriving off it and are welcoming the price action which sees largescale intraday fluctuations. The more fluctuations within the day enable easy entry and exits for traders to make many 2-3% gains throughout the day.

Many of these traders will have large capital for use, where earning 5% on the day can equate to hundreds of thousands of dollars. Moreover, algorithms and trading bots also prosper under volatility. Going in and out of pre-input buy/sell levels gives strong daily gains and with many bots now available free to the public it is not a bad idea to think about diversifying your portfolio between long-term holding and day trading bots.

There are numerous platforms for bot trading available on exchanges, with the KuCoin bots being touted as one of the easiest and most consistent to use.

Long-Term Holding Will Enable More Consistent Gains

Whilst day trading can be a good tactic when the market is volatile, for consistent gains long-term holding is still the best bet. When in doubt zoom out and you can see the upward trend for the likes of Bitcoin (BTC) that vastly outperform the market, and although do see periods of large sell-offs, in the long run always wins out.

The vast majority of Bitcoin millionaires have got there by holding the token and not through day trading as it is less risky and requires less attention. If you want to day trade, unless you have substantial capital, it requires your full attention and being able to withstand the turbulence and mental warfare that often exists.

Staples in the market like Bitcoin are touted to prosper in the long run, with analysts arguing it is only a matter of time before the token surpasses the $100,000 mark. Many believe that $100,000 will be reached upon breaking its current ATH of $69,000 as that is the next psychological barrier.

For this reason, Bitcoin is a better option than day trading for sustained gains for the average investor.

Yuniverze A Tool For DeFi Day Trading That Can Bring Long-Term Gains

One new protocol that can combine the benefits of day trading with the benefits of long-term holding is Yuniverze (YUNI). Yuniverze is a swapping protocol that enables traders to acquire the best rates through the platform scanning the market for the best liquidity and lowest slippage.

This will give day traders the most competitive rates within the DeFi markets and will be an extremely useful tool for the industry. However, the platform has its own token, YUNI that is currently undergoing its presale and due to the utility of the platform could be viewed as a long-term hold that has substantial potential.

The token is currently in its presale and Yuniverze will also reward early investors through incentive schemes for helping the platform embark on new products and services through early liquidity. If you are interested in learning more about Yuniverze, links to the platform will be below.

Youniverze (YUNI)

Presale: http://join.youniverze.io/

Website: Youniverze Token

Telegram: https://t.me/YouniverzeOfficial