The crypto boom that society is facing is persuading people to make investments in cryptocurrencies leaving them with the impression that they can yield big profits. It is indeed true that many people entered the crypto realm with minimal account balance and have left with loads of money. However, that is not the only case that crypto has witnessed.
There have been record losses as well which stole away millions of worth from investors. Short-term investments are as risky as long-term investments. Still, many like to choose it for the potential gains they may make within a short period of time.
You need to have a hawk’s eye when you initiate a short-term trade. The article is about the best cryptocurrencies that you can consider for short-term investments.
Best Cryptocurrency For Short-Term Investment
Let us look at the best cryptocurrencies for short-term investment. We have selected these cryptos as the best choices for short-term investments based on their current growth, market sentiment, traffic and trading volume, and liquidity.
1. Pikamoon (PIKA)
Have you heard of this crypto? It was launched around a year ago and right now it is trending as the best cryptocurrency for short-term investment. PIKA is a native token of the P2E game, Pikamoon.
After analyzing the current volatility of this crypto, it was understood that right now it is profitable to make a short-term investment in this crypto. You can proceed to buy dips of h crypto and sell them at a higher price.
2. Solana (SOL)
Solana crypto is having one of the rapid growths right now in the industry. The high profile traders view it as an ideal crypto for short-term traders. However, you need to carefully examine the market movements of the crypt to make sure that you don’t miss out any anything. Currently, Solana is moving at a good pace and has earned the title of a suitable crypto for quick transactions.
3. Bitcoin (BTC)
Bitcoin currently has dominance over the crypto market. Many whale traders are looking at it as a short-term investment option. Crypto has a high liquidity in the market with a fair trading volume guaranteeing profit for short-term traders.
There is no donut needed in the legitimacy and authenticity when it comes to Bitcoin. However, you need to keep an eye out for the factors that may influence the BTC price.
4. Shiba Inu (SHIB)
Shiba Inu, a popular meme coin, is another best cryptocurrency for short-term investments. Crypto is about to make giant leaps by widening its utilities.
The new changes can significantly influence its ecosystem in a positive way, and almost all investors are curious about to new developments about to take place in this crypto.
5. Binance Coin (BNB)
BNB is the native token of the Binance crypto exchange platform and is another promising short-term trade option. This crypto has multiple utilities, such as enabling quicker transactions and it only charges lower fees. As a holder of a BNB token, you can also take part in the crypto’s governance decisions.
Is Short-term Crypto Investment A Good Idea?
If you can scrutinize the crypto movements and take swift action, then short-term crypto investment is a good idea. When you invest in crypto, note that the planned duration investments do not change the high volatility of the crypto market.
It can be a short-term investment or a long-term investment, the market has the same unpredictable volatility. The above-listed cryptocurrencies are estimated to be the best for short-term trades based on various factors that influence their price, investor sentiments, and current trends.
However, a sudden movement such as a crypto whale action, or unprecedented regulatory changes can affect the crypto prices. You need to be more cautious when you have a short-term investment plan.
Seasoned short-term traders know that they can capitalize on the swift price movements to make worthy gains; however, losses are a part of the business. You should think of loss as an inevitable factor of crypto investments.
Remember that, the crypto market is active 24*7, and price movements may be so quick, leaving no place for complete tracking in a short time. As a short-term trader, you need to look deep into price indicators, technical charts, market runs, and more.
The Bottom Line
We discussed the best crypto for short-term trades in this article. Always remember that you have to do your own research before you make the investment.
You need to be well informed about the nature of the crypt, the different utilities that the token has, its current trading volume, traffic, liquidity, and more before you invest in it. As we always say, do not invest more than you can afford to lose. All the best!
