How to Make $100 a Day Trading Cryptocurrency (2024)

Moralis Money is the crypto industry’s leading on-chain trading indicator leveraging real-time, unbiased on-chain data to provide users with true market alpha. The intuitive user interface (UI) allows anyone to monitor the latest market activity and make accurate crypto predictions with only a few clicks. It is with this tool you can easily make $100 a day trading cryptocurrency!

If you want to experience the power of Moralis Money straight away, try it yourself in the interactive widget below. Get a quick start with a premade filter, or set up a custom search query from scratch by combining the filters of your choice.

Also, did you know the Moralis Money Pro plan is currently available at a discount?

With the Pro plan, you get narrower timeframes (weekly, daily, and even hourly) for all filters, can create up to five alerts, save ten search queries, and much more.

So, take this opportunity before Bitcoin hits $40k and subscribe to the Moralis Money Pro plan today, and we’ll honor the price for as long as you stay with us!

Is Day Trading Worth It?

A popular altcoin trading strategy is day trading. Day trading crypto refers to the process of buying and selling crypto within the same day. When day trading, people are looking to capitalize on short-term price movements. And with crypto’s high market volatility, efficient traders can easily make $100 a day trading cryptocurrency.

Day traders are active traders looking for ways to find gains, whether the market is bullish or bearish. However, they know the importance of access to market alpha to find tokens before they pump.

Now, it’s essential to know that day trading can be risky, especially for new and inexperienced traders. As such, this is why you need proper systems and crypto analysis tools to become a successful trader, which is where Moralis Money enters the equation.

A tool like Moralis Money makes it possible to successfully day-trade without being a full-time cryptocurrency trader. And Moralis Money is the best way to spot bullish crypto trends as they happen.

If you want to learn more about Moralis Money, we’ll cover the ins and outs of this tool in the ”How to Make $100 a Day Trading Cryptocurrency with Moralis Money” section. However, before doing so, let’s take a closer look at what you should consider when trying to find the right assets for crypto day trading.

Day Trading Crypto – Finding the Right Assets

One of the first steps in day trading crypto is finding the right assets. Here, there are generally three vital factors to look at.

• Trading Volume – The amount of crypto traded within a given time period.
• Asset Liquidity – High liquidity is beneficial for day trading, allowing traders to complete sell and buy orders quickly.
• Market Volatility – High market volatility is good as traders want to leverage price fluctuations occurring within a trading session to boost their profits.

Along with these three factors, you should also do further research regarding a token’s underlying project. For instance, you might want to look at what the protocol does, how it’s governed, the size, the currency’s role, etc.

How to Start Trading Cryptocurrency

With a better understanding of crypto day trading, let’s look at the prerequisites for getting started with crypto trading in general.

• Step 1: Get a Web3 Wallet – The first thing you’ll need is a Web3 wallet. Here, you have multiple options, and it largely depends on your own preferences. However, one of the most prominent alternatives is MetaMask.

• Step 2: Select a Strategy – Once you have a cryptocurrency wallet, the next step is to choose a strategy that suits you. There are multiple different strategies, and day trading is just one of them. Find the strategy for you by checking out our altcoin trading strategy guide.

• Step 3: Start Buying – With a Web3 wallet at your disposal and strategy in place, the final step is to fund your account and purchase crypto. Here you have two main options: a centralized or a decentralized exchange. Two great examples are Coinbase and Binance.

However, no matter what strategy you go for, the most challenging part is finding the right assets. This is why professional traders turn to tools like Moralis Money. If you’d like to learn more about how this tool works, join us in the following section as we show you how to make $100 a day trading cryptocurrency.

How to Make $100 a Day Trading Cryptocurrency with Moralis Money

Moralis Money is the industry’s #1 on-chain indicator, and with this tool, you can supercharge your altcoin gains to make $100 a day trading cryptocurrency, if not more! Via real-time, on-chain data, Moralis Money provides true market alpha. This allows you to read market activity like never before to stay ahead of the masses.

See Also

5 top cryptos to buy in 20237 Cryptos That Will Make You Rich in 10 YearsIf You Invested $1,000 In Bitcoin 5 Years Ago Today, Here's How Much You'd Have Now5 Million Bitcoins (BTC) to US Dollars (USD) - Currency Converter

Moralis Money is equipped with three central features:

• Token Explorer
• Token Alerts
• Token Shield

These features are specially designed to help you avoid some of the mistakes 99% of crypto traders struggle with. Let’s explore this further by looking closer at the benefits of Moralis Money in the next section.

Also, before continuing, did you know you can now get the Moralis Money Pro plan at a discount? With the Pro plan, you can supercharge the three features of Moralis Money and immediately start trading like a professional.

For instance, you’ll get narrower timeframes for all filters, providing weekly, daily, and hourly market updates. As such, this is the easiest way to make $100 a day trading cryptocurrency.

So, take the opportunity and buy the Moralis Money Pro plan today, and we’ll honor the price for as long as you stay subscribed.

Benefits of Moralis Money

When it comes to crypto, 99% of traders generally struggle with one of three challenges: the fear of missing out (FOMO), time constraints, and cryptocurrency scams. However, with the three core features of Moralis, you can easily overcome these challenges!

Dodging FOMO

In a fast-moving market, where big opportunities come and go frequently, FOMO is a big struggle for many crypto traders. Most of us have heard of or read about someone making significant gains. For this reason, traders feel like they are continuously missing big opportunities. As a result, they trade emotionally and make investment decisions based on hype. Remember, once an altcoin reaches the masses, it’s often too late.

However, you can now dodge this pitfall with Moralis Money and the Token Explorer feature. With Token Explorer, you can find new crypto coins before everyone else since Moralis Money provides true market alpha. As such, you’ll never again have to FOMO into an investment opportunity!

Overcome Time Constraints

The crypto market is fast-paced, and opportunities come and go in the blink of an eye. As such, from a conventional perspective, traders have generally needed to go full-time crypto to become successful and capitalize on these opportunities.

Fortunately, with the Token Alerts feature, you can overcome time struggles and start trading like a professional, even if you aren’t full-time in crypto. With this feature, you can set up email notifications to get real-time alerts whenever a new opportunity arises. As such, by becoming a Moralis Money user, you can get real-time market updates, and you’ll never again miss an opportunity, even if you aren’t in front of your screen 24/7.

Avoid Cryptocurrency Scams

Lastly, another prominent problem for crypto traders is cryptocurrency scams. There will always be bad-faith actors looking to scam traders, and in a fast-moving market, complete due diligence takes time. However, to protect you from scams, we built Token Shield!

The Token Shield feature provides a security evaluation for all coins. As such, thanks to Moralis Money, you can now efficiently dodge scams!

Nevertheless, let’s dive deeper into how these three features work, starting with how you can make $100 a day trading cryptocurrency with Token Explorer.

Token Explorer: How to Make $100 a Day Trading Cryptocurrency

In this section, we’ll demo the Token Explorer feature to illustrate how you can find new tokens to make $100 a day trading cryptocurrency.

So, how does it work?

With Token Explorer, you can combine various metrics to find specific coins you’re after. To show you how it works, we’ll set up a custom search query for finding tokens minted within the past month, currently gaining traction from other users, and that have seen a positive influx of liquidity recently.

As such, to begin with, we’ll launch Token Explorer and apply the Coin Age filter:

Next, we can add both the Experienced Buyers and Liquidity filters. With Experienced Buyers, we can filter for coins gaining traction from other crypto traders. With the Liquidity filter, we can search for coins that have increased in liquidity over the past month:

From here, you can now combine these three metrics with any other options from the list to make your query even more unique.

Also, if you’d like to trade like a professional, subscribe to the Moralis Money Pro plan. This will give you narrower timeframes for all metrics:

Token Alerts: How to Set Up Email Notifications for New Crypto Assets

With Token Alerts, you can now easily set up email notifications based on your custom search queries. In return, you’ll get email alerts whenever a new coin matching your filters emerges.

Nevertheless, let’s show you how it works!

First, go ahead and save your custom search query by hitting the ”Save Query” button:

From there, you can set up an alert by going to the homepage. Next, locate the query in question, hit the bell button, and fill in the required information:

As a result, you’ll now receive email notifications whenever a new token emerges based on your filter.

Token Shield: How to Protect Yourself from Scams

With the last Token Shield feature, you can now stay safe from crypto scams. All you need to do is look for the shield symbol when using Token Explorer:

This is each coin’s DEXT score, and it’s a measurement of the confidence of a project. The max DEXT score is 99; the closer a coin is to this number, the less likely it’s a scam. To learn more about the score and how it’s calculated, you can click on one of the shield symbols, and you’ll be taken to the following page:

Make $100 a Day with Crypto Affiliate

In addition to trading, there are other ways of earning $100 a day in crypto, and a great example is affiliate marketing. But what exactly is crypto affiliate marketing?

Affiliate marketing is a performance-based strategy where so-called affiliates gain a commission as a reward for promoting a brand, product, or service. When joining an affiliate program, the content creator generally receives a unique code of link that they can share with their audience. If the audience uses the code/link to purchase a product, sign up for a service, or something similar, the affiliate often gets a commission based on brought-in revenue.

The crypto industry is filled with exciting affiliate programs, and at the top of the list, you’ll find Moralis Money. As an affiliate, you’ll be compensated for each paid user you sign up to Moralis Money.

What’s more, signing up users to a killer product like Moralis Money can help them make serious gains. It’s a win-win situation, meaning you’ll have no trouble promoting the product. Also, if you’re using Moralis Money yourself, be sure to share your gains on Twitter, and you can start earning a commission!

If you aren’t convinced already, check out the following Twitter testimonials of happy customers already leveraging Moralis Money to make serious crypto gains:

So, if you’d like to make $100 a day with crypto, join the industry-leading Moralis Money affiliate program and begin your journey toward financial freedom!

Summary – How to Make $100 a Day Trading Cryptocurrency

In today’s article, we demonstrated how to make $100 a day trading crypto. In doing so, we covered the three core features of Moralis Money: Token Explorer, Token Alerts, and Token Shield.

With Token Explorer, you can find the right assets allowing you to make $100 a day trading crypto. With Token Alerts, we showed you how to set up email notifications to get alerted whenever a new coin matching your preferences emerge. Lastly, with Token Shield, we showed you how to stay protected from cryptocurrency scams.

Remember that you can sign up with the Moralis Money Pro plan to supercharge these features. Doing so provides narrower timeframes for all filters, allows you to save up to ten queries, gives you access to Token Alerts, and much more.

So, take this opportunity and subscribe to the Moralis Money Pro plan. Time is of the essence, as the price will increase once Bitcoin hits $40k. However, if you go for it now, you get to keep today’s price for as long as you stay subscribed.

Also, if you liked this tutorial, consider checking out more content here on the blog. For instance, explore the ins and outs of crypto passive income or learn how to find the next 1000x crypto.