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Haven't heard of Ripple? Unlikely.
Well,if you really haven't, Ripple(ticker symbol: XRP) is a cryptocurrency that allows banks,organisations and normals like you and me to send and receive cryptocurrency,fast and easy,with the lowest fees possible.
Now we know what ripple is.
So why is it the best to daytrade?
Well, here's why.
Ripples price is currently low.
About $0.20.
'So?' You say.
Well,if you have $5 invested in ripple at this price,and ripple moves up to $0.25(very possible multiple times in a day), then you would have a 25% increase in it's price.
You would also have a 25% increase in YOUR $5.
That would make it $6.25.
Now imagine if you had $100 invested in ripple.
Then a 25% increase would give you $25.
See my point?
Why is this so?
Well,you see,ripple doesn't need a crazy price increase to see big returns.
Since its price is so low,smaller increase yield large percentages in it's price,and in your investment.
Thank me later!
Please if you find this post interesting or educative,kindly hit the tip button below to support my work. Thanks.
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Kindly note that this isn't investment advice. DYOR!