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

Short-term investments involve buying assets or cryptocurrencies and selling them after a short period. This approach is based on speculation, taking advantage of small price fluctuations to make a profit. It is best suited for investing amounts that you don't mind risking. Ready? Let's go.

<h2 class="wp-block-heading" id="short-term-crypto-trading-strategies”>Short-term cryptocurrency trading strategies

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

Intraday trading

Day trading involves buying and selling cryptocurrencies within the same day or even within a few hours. Traders try to profit from small price movements. It's a high-risk strategy, so keep these tips in mind:

Stick with what you know. Trade cryptocurrencies you are already familiar with.

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

Set stop loss. These can help you limit your losses if things don't go as planned.

Avoid trading when you are emotional. Try not to let feelings dictate your trading.

Start with a small investment that you can afford to lose.

Speculation

Scalping involves buying and selling cryptocurrencies quickly to make profits from small price changes. Scalpers make many transactions in a day, aiming to make small profits each time. Key points to remember:

Look for small price movements. Resellers benefit from minimal fluctuations in price.

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

Manage risks carefully. Setting stop loss orders is crucial.

Choose liquid pairs. Trading in pairs with high liquidity ensures that you can execute trades quickly without large price gaps.

Swing Trading

Swing trading involves capturing medium-term price movements by holding positions for a few days or weeks. It is a combination of technical and fundamental analysis. Here are the details:

Observe the trends. Pay attention to market patterns to choose the best times to buy or sell. Make sure your trades follow the general direction of the market, whether the trend is up or down.

Set stop loss. Protect yourself from large losses by setting stop-loss orders.

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

How to choose the best cryptocurrency to invest in today in the short term

To choose the best cryptocurrency for short-term profits, choose coins with high liquidity and noticeable price swings, but with manageable risk. Ideal cryptocurrencies should be easy to buy and sell quickly, even in unexpected market swings, with tight spreads and minimal slippage.

Here's what to keep in mind:

• Project sector. Take some time to understand what the cryptocurrency is all about: its mission, goals, and future plans. Some projects may take off quickly, but that doesn’t always mean they’ll last. Knowing the project’s industry and goals will help you assess whether it has staying power.
• Market capitalization. Think of market cap as a way to measure how “big” a cryptocurrency is. A larger market cap generally means it’s easier to trade without causing large price swings. Additionally, it’s a good indicator of investor interest and confidence in the coin.
• Price history. Long-term charts can show you where the price typically bounces or struggles. By seeing how the price has changed in the past and what triggered those big swings, you'll have a better idea of ​​what might happen next.
• News and updates. Staying up to date on the latest news is crucial. Factors such as new regulations, technological updates, and general news can affect how people view the currency.

Top 4 Cryptocurrencies in the Short Term

What are the best cryptocurrencies to buy now in the short term?

<h3 class="wp-block-heading" id="ethereum“>ethereum

eth is the second most popular cryptocurrency after btc. While bitcoin started the whole decentralized currency movement, ethereum boosted it by building the first decentralized economy. Its smart contracts have changed the cryptocurrency game, making business transactions more reliable and innovative. These smart contracts are governed by their own code and cannot be altered; any attempt to change the code results in an irreversible modification that is 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 blockchains and real-world data so smart contracts can access external information. The LINK token pays for oracle services and compensates data providers, keeping everything accurate and secure. Chainlink and LINK are vital to enabling smart contracts and are key to many blockchain applications, including DeFi, financial markets, and IoT.

PlayDoge

PlayDoge could be an attractive option for investors who are deciding which cryptocurrency to buy now. PLAY is a BEP-20 token on the Binance blockchain, allowing for a faster listing on its platform than similar crypto games on other chains once the pre-sale is over.

Inspired by the classic Tamagotchi arcade game from the 90s, PlayDoge combines entertainment with earning potential through a play-to-earn model. Players can earn rewards by caring for virtual pets and going on adventures in a mini arcade environment.

Pepe Unchained

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

The PEPU token will be a next-level version of the famous PEPE. The team behind Pepe Unchained has big plans to expand its ecosystem, including creating DeFi and nft projects, launching new cryptocurrencies, and exploring ai-based applications.

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