If you want to invest your money in cryptos for a short-term period, this article will be best for you because here we’ll discuss the top 7 Best Crypto to Invest for Short-Term 2024.
Short-term investment in cryptos means when you invest your money and want to sell in a short period of time with gain some profit this short period like a few days or a few weeks or a few months.
After this article, you can easily invest your money in these cryptos with a high return on investment in a short period of time. So start your crypto investing journey in 2023.
In this article, we also discuss how to choose top-performing short-term cryptos and what are the best short-term crypto strategies. So let’s talk about this topic.
Best Short-term Crypto Strategies / Crypto Market Analysis for Short term
If you are thinking about the best crypto to invest for invest in short term then you should have knowledge about what is the best analysis strategies to find the best crypto coin for short-term investment.
So let’s talk about how to find a perfect crypto coin for a short-term period. If you are looking for weekly or monthly investment then follow all these strategies for avoiding any kind of loss. Short-term crypto trend analysis is so much vital for every investor.
1. Dollar-Cost Averaging (DCA) Trading Strategy
In this strategy, you’ll divide your investment capital into equal parts and invest this amount at regular intervals accordingly to market conditions. DCA trading is a low-risk strategy that can be used to make a long-term portfolio or generate short-term profits.
If you are planning for short-term investment then this strategy is best for you but you have to know about the crypto market price analysis.
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2. News Following Trading Strategy
Some investor always follows the news to invest their money. In this strategy news and information is a key factor so all short-term investor always depends on market news.
By following the latest news and market trends traders can accumulate a more profound knowledge of market dynamics which can help them make better-informed decisions.
The price hike of SHIB coins when Elon Musk tweeted. So always read crypto news this will help you to pick the next crypto that will explode in India.
3. Range Trading Strategy
The best short-term cryptocurrency strategy is the range trading strategy. This strategy is also called the support and resistance strategy means that all the investors keep interested to invest their money in between the support and resistance line.
Long traders or long investors keep their position at the support level and short traders open their trade at the resistance level. If you are a beginner short-term investor then this trading method is best for you.
But in this strategy, you have to find out the perfect support and resistance line then you can easily invest your money as a weekly investor or monthly investor.
4. Breakout Trading Strategy
The popular strategy is the breakout technique where the price breaks the range(support & resistance line). It is a confirmation trading strategy where you can get an idea about the market.
Limit orders are a key tool in breakout so many investors place their orders at support and resistance breakout levels. When the price breaks to support or resistance then long/short orders are automatically placed.
Best Crypto to Invest for Short-Term 2024 / Which Crypto to Buy Today India for Short-term
Now here we’ll discuss some top-performing cryptocurrencies and which coins are best for investment in 2023. And we also discuss the all-time highs and all-time lows of all crypto coins. So read carefully and start your investment journey in cryptocurrency.
Note: Always use your stop loss when you are investing your money in cryptocurrency. Because the crypto market is always volatile so before investing in cryptocurrency place your stop loss first.
SHIBA INU(SHIB)
All-time High Price: $0.00008846, All-time Low Price: $0.00000583
Shiba Inu (SHIB) coin is a decentralized cryptocurrency that has gained popularity in recent times due to its unique features and growth potential. Which operates on the Ethereum blockchain.
Due to strong growth potential power, you can guess how much its growth is going to be in the coming days. So it will be your best investment in 2023.
If you are looking for short-term investment then this crypto coin will be the best choice for investing in 2023.
Note: This coin is highly volatile and its value can fluctuate rapidly, which means your investment amount may be more or less than your capital amount. So always invest that much amount which you can afford to risk.
ETHEREUM(ETH)
All-time High Price: $4863.21, All-time Low Price: $107.96
If any coin having fundamentally strong in the cryptocurrency world then this crypto coin is Ethereum. You can invest your money in the short term as well as the long period of time in Ethereum coin.
The future of Ethereum is bright because this coin is a blockchain platform. The Ethereum network was launched in 2015 and since then, it has developed to become one of the most considerable and most well-known blockchain platforms in the world.
Now, Ethereum is currently the most popular blockchain and the second-largest cryptocurrency coin behind bitcoin because only of its unique technology. So this is the best cryptocurrency to buy today.
Polygon (MATIC)
All-time High Price: $2.92, All-time Low Price: $0.0381
If anyone thinking about the best crypto to invest in the short term then MATIC is one of the best opportunities for investment. Which follows the Ethereum blockchain platform. So you can easily invest in this cryptocurrency.
This coin is operated for payment services, transaction fees, and as a settlement currency. Currently, MATIC hosts over 37,000 decentralized applications, including some from companies like Facebook.
So you can imagine how much its growth is in the next 5 to 10 years. If you are a short-term investor then this time is a good time to invest some amount in the Polygon(MATIC).
BINANCE COIN(BNB)
All-time High Price: $691.1, All-time Low Price: $10.1
Do you know what is the largest cryptocurrency exchange in the world? The answer is Binance. BNB coin is the native cryptocurrency of Binance, a leading cryptocurrency exchange platform.
BNB Coin is so much popular crypto in the cryptocurrency world. So if you want a worthy investment in 2023 then this coin should be your valuable investment this year. Before investing in this crypto always analyze the supply and demand zone.
If you want a perfect short-term or long-term investment then follow the crypto market.
Cardano(ADA)
All-time High Price: $3.0979, All-time Low Price: $0.0345
Another top-performing short-term crypto is Cardano(ADA) Coin. The Cardano network has a smaller footprint and the fundamental of this coin is very strong. Some popular investors are showing interest in investing in this crypto for its unique features.
According to Forbes, Cardano is the third largest non-fungible-token protocol in the world. So the possibilities of development features of this coin are more as compared to other coins.
If you are thinking of investing in this coin so it can be your most significant investment in 2023. Now the price of this coin is so down so it is a good time to invest some amount of money in this crypto coin.
SOLANA(SOL)
All-time High Price: $258.78, All-time Low Price: $1.58
FTM is a cryptocurrency that operates on the Fantom network. Now Solana is currently ranked #11 in the crypto market with a price of $21.71 so you can say that SOL has an amazing track record in the cryptocurrency market.
If your crypto portfolio is already running at a loss, it is a good time to invest some amount in the SOLANA Coin. Because this coin has the potential to grow your portfolio in a positive way.
According to the price forecast, the average SOLANA(SOL) price at the end of 2023 could be $38.51 or more than this price. This is the expected price of the SOLANA crypto coin. So SOL is the best crypto to invest in 2023.
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POLKADOT(DOT)
All-time High Price: $55.037, All-time Low Price: $2.290
Currently, POKADOT(DOT) price is $6.19 which is a native cryptocurrency of Polkadot’s network. The market capitalization of DOT is $7,704,572,461 and it ranks among the top 20 cryptocurrencies on different exchange platforms.
The objective of POLKADOT is so powerful it is faster than many other blockchain protocols which make 1,000 transactions per second so you can think about its technology features.
If you’re interested in investing in POLKADOT, then you can start your investing journey to buy Polkadot tokens (DOT) on a cryptocurrency exchange.
Conclusion:
Best Crypto Coin to Invest for Short TermIf you are searching for the best crypto to invest/trade for short-term period then this article will help you, where you’ll get lots of cryptocurrency investment ideas. After this article, anyone can easily invest their money in cryptocurrency.
With the knowledge of the best cryptocurrencies to invest in for 2023, you can choose the right one you want to invest with based on your budget and risk. If you have any doubts then comment on this post we’ll definitely discuss this topic. Thanks for reading this article.
