Best Short-Term Cryptocurrency Investments | Best Coins to Buy Now

Short-term investing refers to buying assets or cryptocurrencies and selling them after a short period of time. This approach relies on speculation and makes profits by taking advantage of minor price fluctuations. It is best suited for investing amounts that you can afford to risk. Are you ready? Let’s get started.

Short-term cryptocurrency trading strategies

What are the main short-term trading strategies and who are they suitable for?

Day Trading

Day trading is buying and selling cryptocurrencies on the same day or within a few hours. Traders aim to profit from small price fluctuations. This is a high-risk strategy, so keep the following tips in mind.

Focus on what you know. Trade cryptocurrencies you already know well.

Use technical indicators. They can help you spot trends and make smarter decisions.

Set a stop loss. It can help limit your losses if things don’t go as planned.

Avoid trading when emotions are high. Avoid making trading decisions based on emotions.

Start with small investments that you can afford to lose.

Scalping

Scalping is the act of buying and selling cryptocurrencies quickly to profit from small price changes. Scalpers make many trades a day, aiming for small profits each time. Key points to remember:

Look for small price fluctuations. Scalpers make profits even when price fluctuations are minimal.

Use technical indicators. Tools like RSI, MACD, and moving averages can help you find entry and exit points.

Manage your risks carefully. It is important to set a stop loss order.

Select a liquid pair. Trading high liquidity pairs allows you to execute trades quickly without large price gaps.

Swing Trading

Swing trading is the practice of holding positions for a few days or weeks to capture medium-term price movements. It combines technical and fundamental analysis. More on this below.

Look at the trends. Watch market patterns to choose the best time to buy or sell. Make sure your trades follow the general direction of the market, whether it is an uptrend or a downtrend.

Set a stop loss. Protect yourself from big losses by setting stop loss orders.

Swing trading is less stressful than day trading because you have more time to analyze the markets and make careful decisions.

How to Choose the Best Cryptocurrency to Invest in Short Term Today

To choose the best cryptocurrency for short-term gains, choose a coin that has high liquidity, significant price volatility, but manageable risks. The ideal cryptocurrency should be easy to buy and sell quickly, even during unexpected market fluctuations, with tight spreads and minimal slippage.

Here are some things to consider:

• Project department. Invest time in understanding what the cryptocurrency is, its mission, goals, and future plans. Some projects may grow quickly, but that doesn’t mean they will always last. Knowing the sector and goals of a project will help you assess whether it is sustainable.
• Market capitalization. Think of market cap as a way to measure how “big” a cryptocurrency is. A larger market cap generally means it is easier to trade without significant price fluctuations. Additionally, it is a good indicator of investor interest and confidence in the coin.
• Price history. Long-term charts show where prices usually bounce or go into trouble. By looking at how prices have moved in the past and what caused the big changes, you can get a better idea of ​​what might happen next.
• News and updates. It is very important to stay up to date with the latest news. Things like new regulations, technology updates, and general news can all affect the way people view coins.

Top 4 Short-Term Cryptocurrencies

What is the best cryptocurrency to buy in the short term right now?

Ethereum

ETH is the second most popular cryptocurrency after BTC. While Bitcoin started the decentralized currency movement, Ethereum has built and advanced the first decentralized economy. Ethereum’s smart contracts have changed the landscape of cryptocurrencies, making business transactions more secure and innovative. These smart contracts are governed by their own code and cannot be changed. Any attempt to change the code will result in irreversible modifications that are rejected by the blockchain.

Chain link

LINK is a crypto token that is part of the Chainlink network. Chainlink acts as a decentralized oracle network, bridging the gap between blockchain and real-world data, allowing smart contracts to access external information. LINK tokens pay for oracle services and reward data providers, keeping everything accurate and secure. Chainlink and LINK are essential for enabling smart contracts and are at the core of many blockchain applications, including DeFi, financial markets, and IoT.

Play-dodge

PlayDoge could be an attractive option for investors who are wondering which cryptocurrency to buy now. PLAY is a BEP-20 token on the Binance blockchain, which means it could be listed on exchanges sooner than similar crypto games on other chains after the presale ends.

Inspired by the classic Tamagotchi arcade game from the 90s, PlayDoge combines entertainment and earning potential through its Play-to-Earn model, where players can care for their virtual pet and go on adventures in a mini-arcade setting to earn rewards.

Pepe Unchained

Pepe Unchained is another meme coin currently in the pre-sale phase, and its fundraising results are impressive. In just a week since its launch, the pre-sale raised over $1 million, and at the time of writing, that amount has surpassed $9 million.

The PEPU token is set to be the next generation version of the famous PEPE. The team behind Pepe Unchained has big plans to expand the ecosystem, including creating DeFi and NFT projects, launching new cryptocurrencies, and exploring AI-based apps.

Frequently Asked Questions