Investing in cryptocurrency can be an exciting roller-coaster, but besides passive income generating, there are ways to make some quick bucks. As in any emerging market that is characterized by high volatility, short-term trading can generate large profits in a short time. The only way to get in-depth with the short-term trading of cryptocurrency is by selecting the right coin to invest on and also monitor various market trends as well as the right time to enter and exit the market. Here are some of the best short-term crypto investments that you should consider in 2024 and even in the future.
1. Quant Earth (QET)
Quant Earth (QET) is revolutionizing the gaming, metagame, and metaverse economies through its innovative use of Zero-Knowledge Rollups. This cutting-edge technology enables zero gas fees and lightning-fast transactions, addressing two critical pain points in blockchain-based platforms. By emphasizing an exceptional user experience (UX), QET is strategically positioning itself to become a fan favorite among blockchain enthusiasts by 2025.
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Why is QET a top short-term investment?
- Advanced Technology: Zero-Knowledge Rollups make QET an attractive option for developers and users, driving high adoption rates.
- High Volatility: As a rapidly growing project in the metaverse and gaming sectors, QET’s price movements present lucrative short-term trading opportunities.
- Market Potential: With the metaverse and gaming industries poised for exponential growth, QET is perfectly aligned to capitalize on these trends.
- Community Momentum: QET’s focus on delivering a seamless user experience is earning it a loyal and expanding fan base, enhancing trading volume and liquidity.
2. Bitcoin (BTC)
Much of the interest in cryptocurrencies has stemmed from the ability to produce quick returns, with Bitcoin, the world’s largest and most famous cryptocurrency, being an ideal short-term investment. Because Bitcoin is a form of money that is used for long-term storage of value, short-term BTC price volatility can open up opportunities to earn in trading.
Just why is Bitcoin Investing for the Short term beneficial?
Bitcoin has a characteristic of fluctuating in price hence creating good and short trade opportunities. For this reason traders are able to watch out for these signals as well as the price of Bitcoin so that it is possible to open an account during a favorable period. Secondly, as it has been realized, mainly the movement of altcoins is influenced by Bitcoin and this in a way gives chance for short term trading with big profits.
3. Ethereum (ETH)
Ethereum is second-largest cryptocurrency by market cap and is very famous for providing smart contract features and decentralized applications. The upgrade known as Ethereum 2.0 has sparked interest because people looking at long term and short term gains both want to know what it has to offer.
Why Should I Invest in Ethereum for Short Term Profits?
Like most cryptocurrencies, Ethereum reacts to market trends and often shows a spike in the price amidst developments that occur in decentralized finance (DeFi) and non-fungible tokens (NFTs). High short-term ‘beta’ risk compared to the rest of the crypto market means that Ethereum’s growing ecosystem and the increasing use cases offer great potential for short-term price movement. This makes it easy for traders to use basic news, new updates, and major market shifts to trade on the short term Ethereum fluctuations.
4. Solana (SOL)
Solana is a fast-growing blockchain that offers fast transaction speed and charges minimal transaction fees when compared to other blockchains. It is highly scalable and is only garnering more and more popularity, which speaks to its suitability for short term investing and considering that its price is highly volatile.
Why SOL Will be Key for Short Term Trading?
Consequently, Solana has regularly experienced high levels of volatility in the market so suitable for trading. Due to the continuous growth of the Solana ecosystem, including DeFi projects, NFT, and other decentralized applications, a high volatility of SOL can be observed based on the increasing use by experienced traders of highly volatile digital assets for their income. Due to its fast block times and low fees, Solana provides high demand for developers and traders seeking get-profit on the short-term basis.
5. Binance Coin (BNB)
Binance coin, the token for the Binance trading platform is one of the most sought after coins among short-term traders. BNB is also involved in financing transaction fees at the Binance exchange, it is utilized widely in several DeFi projects and initiatives.
Why trade Binance Coin for quick profit?
BNB has those fluctuations during day and weeks depending on the volume of transactions occurred through Binance and news regarding the ecosystem of Binance. Binance utility which include the use of token for paying trading fees, token staking and investing in new token sales makes token price to be volatile and provides an avenue for short term traders to make huge profits.
6. Cardano (ADA)
Cardano turned into a blockchain platform that may possibly offer a safer and additional effective surroundings for sensible contracts. Being scientific and developed through an academic peer reviewed process, Cardano is well regarded in the market. This cryptocurrency frequently undergoes intraday slender volatility depending on, among other factors, news, updates, and the development of the smart contract related environment.
Why invest in Cardano for the short term?
As we noticed, Cardano has its price spiked by events that occur in its ecosystem, such as deployment of new products, partnerships, and integration of smart contracts. From this, traders in the market who have interest in Cardano and afford to follow up on the developments can easily trade based on the prices that come with the new information. A nice short-term investment place is the project that has a stable roadmap and a well-coordinated community.
7. Polkadot (DOT)
Polkadot is a blockchain technology with connectivity at heart that aims to allow two or more blockchains to ‘talk’. For that reason, its interoperability features make it a valuable project in the decentralized web (Web3) domain. As previously stated, Polkadot is quite sensitive to price surges and so is extra appealing to short-term traders, especially when new happenings are going down in the project.
Why invest in Polkadot for short term gains?
Following the tokens’ dynamics, it is possible to observe that the Price of Polkadot tends to rise during the time when new parachains are being developed and announced, as well as during the overall expansion of the Polkadot ecosystem. Since Polkadot’s parachain auctions occur and more projects are connected to the network, DOT price can be very volatile. As traders, they can gain an understanding of these movements by keeping abreast to the developments of Polkadot and the market climate.
8. Shiba Inu (SHIB)
Shiba Inu is an application for decentralized cryptocurrency that has recently attracted attention for its high volatility, which simply reflects the activity of its community on social media. The subject of what Shiba Inu exactly offers is a topic of debate., Nonetheless, it will always be more valuable as a short-term trading coin given its unpredictable nature.
Shiba Inu: Why Should You Invest in It for Quick Profits?
Using social media engagement, influencers, and community-based activities as instruments, Shiba Inu’s price fluctuations are mainly driven. It makes it an unpredictable investment that can present good chances of quick gains. This is important because as we have seen on the price fluctuations of Shiba Inu, traders can now purchase the token during low periods and then sell during high period.
9. Avalanche (AVAX)
Avalanche is a scalable, high throughput, and low cost smart contracts platform for enterprise driven decentralized applications and private blockchain. Both developers and traders find it ideal since it also completes transactions at impressive speed and scale. It is common to observe that the price of the Avalanche token changes in accordance with the levels of adoption and added values of projects established in its ecosystem.
Short-term reasons to invest in Avalanche
Avalanche has been growing in the DeFi sector, which may result in short termasic bullish trends. This have positive impact on AVAX token as well as new projects, that appears in Avalanche ecosystem, such as new projects using the Avalanche network. As it goes through growth and gets used more there is the prospect for traders to make money in the short term on fluctuations in the price of AVAX.
10. Dogecoin (DOGE)
An efficiently functioning digital currency with an unlikely name, Dogecoin was launched as a parody but has attracted a great number of followers via the Internet community. Even though it lacks the technological basis of other cryptocurrencies, it has high popularity and very unstable prices, which makes it a perfect subject for short-term gambling.
Why Should You Invest in Dogs Coin for Short Terms?
Dogecoin is highly sensitive to social Trends such as memes, and Influenced by celebrities’ endorsements. This is mainly because its price movement offers many trading opportunities to any trader who wishes to engage in day and swing trading. The majority of people rely on using the Doge coin as a mere pump and dump style marker asset with little to no intrinsic value.
Conclusion
Such investments generally offer great potential for gains even within relatively brief periods with proper choice of a crypto asset, particularly those demonstrating both high volatility and having an active community base. Every cryptocurrency such as Bitcoin, Ethereum, Solana, Cardano among others are equally good for trading especially for those who wish to make money through the volatility in prices. However, when it comes to very short term investments in cryptos – it is essential to understand that these short term investments are rather risky since the prices always change due to instability. Hence there is need to make good research, establish a good trading plan and obligate oneself with market trends for higher returns.
Disclaimer: The content provided reflects the authors personal opinions and is influenced by current market dynamics. It is essential to conduct your own research before making cryptocurrency investments. The author and the publication are not responsible for any financial losses you may experience.
