Cryptocurrency trader CryptoBusy, with experience spanning seven years, has revealed a unique strategy for navigating volatile markets. Their approach prioritizes identifying tokens exhibiting significant independent price movements compared to Bitcoin, particularly during periods of market instability.
To achieve this, CryptoBusy leverages free resources like Coinglass to pinpoint cryptocurrencies boasting the highest trading volume and open interest rates. A substantial trading volume often translates to better liquidity, allowing for smoother buying and selling without substantial price fluctuations.
On the other hand, a high open interest signifies a significant number of open positions within the derivatives market for a specific coin or trading pair. This can potentially indicate heightened volatility, which some traders aim to capitalize on.
Presented below are the top 10 coins curated by CryptoBusy for traders seeking lucrative opportunities amidst market turbulence:
- $SAGA
- $TAO
- $CKB
- $BEL
- $QTUM
- $CELR
- $ENA
- $MAGIC
- $FTM
- $ASTR
Each of these coins exhibits notable trading volume and open interest across leading platforms such as Binance, ByBit, OKX, BingX, and Bitget.
On April 10 the crypto market witnessed a paradigm shift as altcoins displayed remarkable strength with two new entrants, Nervous Network (CKB) and Bittensor (TAO), emerging as top gainers for the day. The surge in the CKB token price soaring above 13% to levels exceeding $0.035, reflects the growing confidence in its underlying technology. Similarly, TAO witnessed a robust surge of over 8%, reaching $632, underscoring investor optimism.
Furthermore, Saga’s launch of its mainnet, featuring 350 projects as part of the Innovator Program, highlights efforts to redefine Web3 development and foster a vibrant community of creators. Leveraging technologies like Chainlets and Cosmos Interchain Security (ICS), Saga aims to provide a scalable framework for application-specific blockchain creation, offering developers unprecedented accessibility and flexibility.
In parallel, tokens like ENA, native to Ethena Labs, witnessed a surge of 15% following the announcement of “season 2,” accompanied by a strategic shift towards yield optimization strategies involving Bitcoin and Ether. Similarly, the Fantom network experienced an 8% increase driven by the launch of its USDC.e stablecoin and planned network upgrades, reaffirming investor confidence in the platform’s ecosystem.
