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Best Short-Term Crypto Investments | Top Coins to Buy Now

Published

4 months ago

August 18, 2024

Short-term investments involve buying assets or cryptocurrencies and selling them after a short period. This approach relies on speculation, taking advantage of minor price fluctuations to make a profit. It’s best suited for investing amounts you’re comfortable to risk. Ready? Let’s go.

Short-term crypto trading strategies

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

Day trading

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

Stick to what you know. Trade cryptocurrencies you’re already familiar with.

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

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

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

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

Scalping

Scalping means quickly buying and selling cryptos to profit from tiny price changes. Scalpers make lots of trades in a day, aiming for small gains each time. Key points to remember:

Look for small price movements. Scalpers profit from minimal fluctuations in price.

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

Manage risks carefully. Setting stop-loss orders is crucial.

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

Swing trading

Swing trading is about catching medium-term price moves by holding your positions for a few days or weeks. It blends technical and fundamental analysis. Here’s the scoop:

Watch the trends. Keep an eye on market patterns to pick the best times to buy or sell. Make sure your trades follow the overall direction of the market, whether it’s trending up or down.

Set stop-losses. Protect yourself from big 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 today for short term

To pick the best crypto for short-term gain, choose coins with high liquidity and noticeable price swings but with manageable risk. The ideal cryptocurrencies should be easy to buy and sell quickly, even in unexpected market swings, with narrow spreads and minimal slippage.

Here’s what to consider:

Project sector. Take some time to understand what the cryptocurrency is all about — its mission, goals, and future plans. Some projects might skyrocket quickly, but that doesn’t always mean they’ll last. Knowing the project’s sector and its goals helps you assess whether it has staying power.
Market capitalization. Think of market cap as a way to measure how “big” a cryptocurrency is. A bigger market cap usually means it’s easier to trade without causing big price swings. Plus, it’s a good indicator of investors’ interest and trust in the coin.
Price history. Long-term charts can show you where the price usually bounces back or runs into trouble. By seeing how the price has changed in the past and what triggered those big shifts, you’ll get a better idea of what could happen next.
News and updates. Staying updated on the latest news is crucial. Things like new regulations, tech updates, and general news can all affect how people view the coin.

Top 4 short-term cryptos

What are the best cryptos to buy now for the short term?

Ethereum

ETH is the second most popular cryptocurrency after BTC. While Bitcoin started the whole decentralized currency movement, Ethereum advanced it by building the first decentralized economy. Its smart contracts have changed the game for cryptocurrencies, 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.

Best short-term crypto investments for August 2024 - 1 — Source: TradingView

Chainlink

LINK is a crypto token that’s part of the Chainlink network. Chainlink acts as a decentralized oracle network, bridging the gap between blockchains and real-world data so that 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 for enabling smart contracts and are key to many blockchain applications, including DeFi, financial markets, and IoT.

Best short-term crypto investments for August 2024 - 2 — Source: TradingView

PlayDoge

PlayDoge could be an appealing choice for investors deciding which cryptocurrency to buy now. PLAY is a BEP-20 token on the Binance blockchain, enabling faster listing on its exchange than similar crypto games on other chains after the presale ends.

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 taking care of virtual pets and going on adventures in a mini-arcade setting.

PepeUnchained

Pepe Unchained is another meme coin currently in its presale phase, and its fundraising results are impressive. Within just a week of launching, the presale attracted over $1 million in investments, and by the time of writing, this amount had exceeded $9 million.

The PEPU token is set to 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 cryptos, and exploring AI-based apps.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

FAQs

What is the best crypto to buy now for the short term?

Ethereum, Chainlink, PlayDoge, and Pepe Unchained are great picks right now, each offering unique opportunities for short-term gains.

How to choose the best crypto for short-term investments?

For short-term investments, choose cryptos that have good liquidity. Also, check out the project’s background, market cap, price trends, and recent news to make the smartest decision.

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$100

Remembering John McAfee's Bullish Bitcoin Price Bet as we near $100K Milestone

Published

4 weeks ago

November 27, 2024

admin

Follow Mark on X.

Ah, Bitcoin—a digital enigma that dances between brilliance and bafflement, much like a British summer deciding whether to rain or shine. As we teeter on the brink of the $100,000 milestone, it’s impossible not to cast our minds back to the late John McAfee: antivirus mogul, libertarian firebrand, and a man whose eccentricity made the Mad Hatter look like an accountant.

In the distant, carefree days of 2017—when masks were for surgeons and Zoom was just an onomatopoeia—McAfee made a proclamation that would make even Nostradamus raise an eyebrow. He boldly wagered that Bitcoin would soar to $500,000 within three years. And if not? Well, let’s just say he offered to partake in a culinary act so unspeakable, it would make a cannibal blush. National television executives must have been on standby, salivating at the potential ratings bonanza.

By 2019, instead of backpedaling like any sensible person who’d had one too many at the pub, McAfee doubled down. He upped his prediction to a cool $1 million per Bitcoin, asserting that the $100,000 mark would merely be the opening act—the financial equivalent of a warm-up comedian before the headliner brings the house down.

Let’s not forget McAfee’s infamous bullish proclamation: that once Bitcoin hits the $100,000 mark, it would be like unlocking the floodgates of a financial Hoover Dam. At that pivotal price point, he believed, Bitcoin wouldn’t just stroll to $1 million—it would sprint. At the time, there were no Bitcoin ETFs gracing the portfolios of traditional investors, no nations like El Salvador adopting Bitcoin as legal tender, no corporate titans like MicroStrategy hoarding it like digital dragons atop golden hordes, and certainly no whispers of U.S. Bitcoin strategic reserves. John didn’t have a crystal ball—though I wouldn’t have been surprised if he’d claimed to—but he keenly understood the game theory behind Bitcoin’s design. He grasped that the underlying security, the allure, and the network effect of its mathematical genius were not just revolutionary; they were inevitable. For McAfee, it was never a matter of “if” but “when” the world would catch on.

Critics scoffed, economists guffawed, and the rest of us watched with the same morbid fascination we reserve for reality TV and train wrecks. Was McAfee a visionary or just a man who’d spent a bit too much time sampling his own supply of eccentricity?

Now, as Bitcoin flirts coquettishly with the $100,000 threshold, perhaps it’s time to reconsider. Maybe old John wasn’t entirely off his rocker—perhaps just teetering on the edge with a cocktail in hand. His timing was about as precise as a broken sundial, but the essence of his prediction might yet hold water.

You see, McAfee understood something fundamental about Bitcoin: its potential to disrupt, to redefine, to turn the financial world on its head like a particularly aggressive yoga instructor. He saw the floodgates that could open, unleashing a torrent of innovation and, yes, wealth.

Of course, trusting McAfee’s predictions was always a bit like trusting a fox to guard the henhouse—or perhaps more aptly, trusting a software tycoon with a penchant for tropical escapades to give sound financial advice. But even a broken clock is right twice a day, and perhaps a maverick is right once in a blue moon.

As we stand on this precipice, wallet in one hand and skepticism in the other, let’s tip our hats to John McAfee. Not because he was necessarily correct, but because he had the audacity to dream big, to stake his reputation (and other unmentionables) on a future that seemed ludicrous to many.

In a world that often feels like it’s been scripted by a committee of pessimists, McAfee was a wild card—a joker in the deck who reminded us that fortune favors the bold, or at least makes for an entertaining story.

So here’s to you, John. Your timing was off, your methods were unorthodox, and your promises were—thankfully—unfulfilled in certain respects. But as Bitcoin edges toward that $100,000 milestone, perhaps your spirit of defiant optimism wasn’t so misplaced after all.

In the end, maybe it’s not about the destination or even the journey, but the colorful characters we meet along the way who make the whole saga worth following. And if nothing else, McAfee ensured that the tale of Bitcoin was never short of intrigue, humor, and a dash of the absurd.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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SUI price prediction | Is SUI a good investment?

Published

3 months ago

September 24, 2024

admin

The SUI token continues to make waves in the crypto markets. We take a deep dive into the Sui blockchain and expert SUI price predictions to see what investors can expect from the project.

In the past month, the price of Sui (SUI) — the native token of the layer-1 blockchain developed by members of the team behind Meta’s shuttered stablecoin project, Diem — has skyrocketed by approximately 50%. As of Sept. 23, 2024, it’s trading at $1.55 and holds the 28th spot among top cryptocurrencies by market cap, according to crypto.news. Just last month, SUI recorded an impressive growth of 140%.

SUI price prediction: is this the next big L1 in crypto? - 1 — SUI 1-day chart, September 2024 | Source: crypto.news

What potential does this blockchain and its native asset have in store? Will the SUI token break its all-time high of $2.18, which it reached at the end of March of this year? We take a closer look in this SUI price prediction.

What is SUI?

Where did Sui come from? It all started in 2019 when Meta — then Facebook — was working on its permissioned blockchain and stablecoin cryptocurrency project Calibra (later rebranded to Libra and then to Diem). Unfortunately, the project ran into regulatory hurdles and was ultimately shut down. However, the developers didn’t give up. Some of them took their innovative ideas and established their own company, Mysten Labs, which went on to develop and launch the Sui blockchain, alongside other software.

Sui employs a delegated proof-of-stake mechanism for validating transactions on the blockchain. To achieve consensus, the Sui blockchain uses the Mysticeti algorithm, which in part is designed to scale transaction throughput.

Sui aims to deliver speedy transaction finality and high throughput, so that developers can easily and cost-effectively launch their web3 projects and DeFi services.

The blockchain’s native asset, SUI, has a total supply capped at 10 billion tokens. SUI has several key functions: it simplifies transactions, trading, and saving, while it also can be staked by validators to ensure the network stays secure. Validators also use their SUI tokens to shape the project’s future through voting.

SUI crypto news

On Sept. 3, Mysten Labs opened pre-orders for the SuiPlay0X1 console, a native web3 gaming device, created in partnership with Playtron.

SUI price prediction: is this the next big L1 in crypto? - 2 — SUI 50-day, 200-day simple moving averages and 14-day relative strength index | Source: CoinCodex

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Bittensor Price Prediction 2024-2030 | Is TAO crypto a Good Investment?

Published

4 months ago

August 27, 2024

admin

AI tokens are seeing a price surge in anticipation of NVIDIA’s upcoming quarterly earnings report.

Over the past week, Bittensor (TAO), the native token of the decentralized AI development platform Bittensor, has risen by approximately 25%. As of today, Aug. 26, 2024, it is trading at around $345.5, with a slight 0.16% drop in the last 24 hours. Over the past year, the token’s price has jumped by 469.1%. According to crypto.news, TAO ranks 39th among cryptocurrencies by market capitalization, which exceeds $2.51 billion.

TAO is rising in anticipation of NVIDIA’s quarterly earnings report, set to be released on Wednesday. AI tokens are likely influenced by the growing demand for data centers essential for running AI chatbots.

Bittensor price prediction: Is this the ‘golden age’ for TAO and other AI tokens? - 1 — *TAO 1-day chart, August 2024 | Source:* *crypto.news*

What’s next for TAO? Will it surpass its previous all-time high of $767.68? Check out our Bittensor price prediction for 2024-2030.

What is Bittensor

Bittensor connects AI and machine learning through a decentralized approach. It’s a peer-to-peer network that leverages blockchain tokens to drive the development and adoption of AI innovations.

Bittensor price prediction: Is this the ‘golden age’ for TAO and other AI tokens? - 2 — *Bittensor’s official website | Source: bittensor.com*

TAO is the native token of Bittensor. It drives user participation and streamlines how they trade resources on the Bittensor platform. What is the TAO crypto price prediction for the short and long term?

Bittensor coin price prediction: short-term outlook

According to CoinCodex’s Bittensor price prediction, TAO’s price is expected to increase by 226.71%, potentially reaching a new all-time high of $1131.7 (!) by Sept. 25, 2024.

As of Aug. 26, 2024, the overall sentiment for the Bittensor price forecast remains bullish, with 22 technical analysis indicators showing bullish signals and 5 indicating bearish trends.

Bittensor price prediction 2024

According to DigitalCoinPrice, investors, exporters, and market experts believe that TAO will surpass its previous high of $767.68 in 2024. They predict it will then stabilize between $731.57 and $767.79.

Based on CoinCodex’s expectations for the Bittensor token, it is anticipated to trade between $346.39 and $1629.21 this year. If it hits the upper end of this range, TAO could experience a rise of 368.58%.

Wallet Investor forecasts that by the end of 2024, TAO could achieve a maximum price of $629.482.

Bittensor price prediction 2025

DigitalCoinPrice suggests that in 2025, the price of TAO could fluctuate between $749.51 and $894.36, with the most likely value stabilizing around $848.42 by year’s end.

CoinCodex’s forecast for 2025 aligns with its projection for 2024.

According to Wallet Investor’s Bittensor price prediction for 2025, TAO could potentially trade at $956.384.

Bittensor price prediction 2030

CoinCodex estimates that by 2030, TAO’s price could vary between $864.97 and $1402.48.

DigitalCoinPrice predicts that TAO’s price could climb to $2356.6 or even $2511.46 by the end of 2030. The years from 2024 to 2030 are expected to be key for the growth of Bittensor.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

FAQs

Should I invest in Bittensor tokens?

AI tokens are gaining traction as a promising investment trend. Bittensor, in particular, presents exciting growth opportunities, and the optimistic future price predictions for TAO — both in the short and long term — make it a compelling option for those looking to diversify their portfolios.

TAO’s future looks bright, making it an interesting investment opportunity, but don’t forget to factor in the risks.