What is the best crypto-currency to invest in in the short term? Once you find out if cryptocurrency is an investment you have an appetite for, it’s time to find out which currency you want to put your money behind.
But before that, it is important to know whether to opt for long-term investment or to jump on the short-term volatility of the market. But what is the difference between the two?
Difference between long-term and short-term cryptocurrency investment
Short-term cryptocurrency investing usually costs less money, usually no more than 36 months. Its purpose is to obtain greater returns in a shorter period of time. Therefore, the risk and labor intensity of short-term cryptocurrencies is often higher than long-term investments.
Finally, the difference in comparison comes down to risk reward and time.
Which one is better?
I am committed to allowing global users to freely choose professional investment strategies and easily complete crypto assets through various fund products that best suit them.
After all, the best investment is one that you can manage with confidence, and comes from understanding.
Investors and speculators are both able to invest and speculate in the cryptocurrency market. Investors should therefore find a reliable cryptocurrency project that meets their model.
However, it is relevant to know that the long-term position of cryptocurrency is still not suitable for the current market.
Many people may not want to hold and invest in bitcoins for a long time, but just want to earn short-term profits and short-term investments. Compared to long-term investments, the risk is greater! You need to pay close attention to the price fluctuations of cryptocurrencies, so you still need to be careful.
This article is centered around short-term crypto-currency investing, so here are the best cryptocurrencies to invest in for the short term.
Here is a list of the best cryptocurrencies to invest in 2021 for short term at the moment:
- Sunshine (SON)
- Shiba Inu (SHIB)
- Polkadot (DOT)
- Ripple (XRP)
Follow the trend of 11 500%! Without anyone predicting it, the cryptocurrencies Solana and Shiba Inu made it to the global top ten. The Solana token, created in 2017, only recently experienced a price explosion, rising in a month from around 67 euros to a full 160 euros.
With this growth, it is 7th among all cryptocurrencies by market capitalization, and it is the best cryptocurrency to invest in for the short term.
In an upward trend, Solana relies on a new timestamp algorithm called Proof-of-History. The algorithm supports automated trading, which takes place within a fraction of a second.
Traders’ increasing interest in Coin Solana is also reflected in the market value. It is now about 33.3 billion euros, so Solana is now seventh among the major cryptocurrencies.
At the beginning of the year, the market value was slightly less than 80 million euros, with a peak growth of more than 11500%. The price of Solana was 1.57 euros at the time, but it rose to the current historical high of 170 euros in early September.
Solana predicts: There is still a lot of potential here, as with a lot of virtual cryptocurrency. But note the better the drawing development, the higher the risk, because it can reverse the drive just as quickly.
Shiba Inu coin (SHIB), a meme character inspired by Dogecoin, is a perfect cryptocurrency investment for the short term. It was invented by the anonymous “Ryoshi” and is a sign on the Ethereum blockchain. Shiba Inu has long competed with Akita Inu and others for alpha status.
This coin was praised by Tesla CEO Elon Musk and others, but has so far not entered the top ten cryptocurrencies, giving it enough room to explode in the short term.
Whether this will happen in the future must also depend on the interests of the community and the big sponsor, Musk.
Polkadot is another top cryptocurrency to invest in today for the short term. The crypto-currency, Polkadot, is also among the top positions in the popular rankings with a market value of about 25 billion euros.
The sign was designed by Ethereum founder Gavin Wood in 2017 and, like its rival Shiba Inu, relies on blockchain technology.
Positive: In Polkadot, different blockchains are linked together and can communicate as a network. With this unusual concept, Gavin Wood raised almost $ 150 million at the end of 2017 in his initial coin offering.
Forecast: Good background! Cryptocurrencies like Polkadot are considered the future of the current generation financial world, but also because they can generate passive income through Polkadot strike.
A place for Solana is the cryptocurrency Ripple (XRP). With its market value currently exceeding 40 billion euros, XRP is one of the best cryptocurrencies to invest in 2021 for the short term.
Unlike many other open source projects, there is a private company behind cryptocurrency: Ripple Labs. It is headquartered in San Francisco and is currently being considered. the most valuable start-up in the world, with a market value of more than $ 120 billion.
Today, it is only 5 positions behind industry leader Bitcoin, and is based on an idea from web developer Ryan Fugger, businessman Chris Larsen and programmer Jed McCaleb.
Ripple is certainly nothing new, but the cryptocurrency may see a kind of rebirth that could cause it to explode in the short term.
It all depends on a major legal battle with the US financial regulator who accused RippleLabs of issuing illegal securities. An assertion that extends to the XRP token itself.
If Ripple wins the debate, then the possibility that cryptocurrency will explode in 2021 is very high. Investing in it now would be a smart move for those looking for short-term gains.
Are Dogecoin’s forecasts still positive? The popularity of Dogecoin is attributed to Elon Musk. Initially, the sign was considered a pure internet gimmick until the American billionaire tweeted it.
Then the hype started. First, users of the Internet platform, Reddit, followed suit, and then international cryptocurrency investors. In May 2021, the price of Dogecoin climbed to a previous high above 0.50 Euro.
Since then, however, things have quickly gone downhill again. Currently, only 0.17 euros have to be paid for DOGE tokens, leaving the question of where it is going.
To be sure, Dogecoin is currently one of the top ten cryptocurrencies in the world. If you had invested a year ago, your wallet would have increased by 7733.9%.
Dogecoin forecast: The value is still a high risk. However, investors should look up rather than down. The current state of the chart shows a low of about 0.15 euros.
The firm promise of Elon Musk and Dogecoin could break out again at any time, making it a great cryptocurrency to invest in 2021 for the short term.