With the recent uptrend of cryptocurrencies, all eyes have turned to crypto again. As the banking sector collapses, the only question on the minds of people who turn their eyes to crypto is: Which Crypto to Buy Today for the Short-Term?
Which Crypto to Buy Today for the Short-Term?
Since 2009, cryptocurrencies have become a significant part of the financial markets. Perhaps the only constant in this ever-growing and evolving industry is that the prices of cryptocurrencies are very volatile. For this reason, the biggest indecision of new users who want to invest in these financial assets is Which Crypto to Buy Today for the Short-Term.
Banking System vs. Cryptocurrencies
As of today (at the time of writing), Bitcoin and cryptocurrencies are on the rise while traditional markets are experiencing fall after fall due to the banking crisis that started in the United States in early 2023. These financial products, which emerged as a reaction to the banking system, are an answer for users who have questions such as Which Crypto to Buy Today for the Short-Term. Below you can see the tokens that can answer this question.
Bitcoin (BTC)
It is the first and foremost crypto asset. It is very classic and perhaps too simple for most readers. However, there is a point here that is forgotten or overlooked. The cryptocurrency market has a tradition. Bitcoin rises first, and then other altcoins rise, or Bitcoin falls first, and then other altcoins fall.
This means that investors make a profit by investing in Bitcoin first and then use the profits to buy coins that have moved less than Bitcoin to make more profit. Moreover, both technical and fundamental developments suggest that Bitcoin’s price will move in a positive direction in the short term. Thus, our first answer to the question of Which Crypto to Buy Today for the Short-Term is Bitcoin.
Ethereum (ETH)
ETH, the second largest cryptocurrency by market capitalization, is the native token of the widely used Ethereum blockchain. The Ethereum blockchain is the most widely used network, especially in the NFT space and other areas. Because it is so heavily used, the market capitalization of ETH is worth about $200 billion, accounting for about 19% of the total cryptocurrency market. It is worth noting that we believe that ETH will make its investors happy, whether short or long. Users who are more curious about Ethereum can access the link here.
Avalanche (AVAX)
AVAX is the native token of the Avalanche blockchain, created by Ava Labs in 2020. Avalanche is a project that aims to provide a scalable blockchain solution while maintaining decentralization and security with a focus on lower costs, high transaction speeds, and environmental friendliness. Avax is one of the most popular projects among altcoins and is also one of the most grounded. What’s more, it’s at a level that can be evaluated both technically and fundamentally.
Polygon (MATIC)
Polygon is currently the seventh-largest cryptocurrency project with over $10 billion in capitalization. MATIC, which is one of the first projects to react when the market moves upwards, is our fourth project that can answer the question of Which Crypto to Buy Today for the Short-Term.
Cosmos (ATOM)
ATOM is a cryptocurrency that ranks fifth on our list of the best cryptocurrencies to buy. It is the native token of the Cosmos Hub blockchain. ATOM is more than just a tool to secure the network. It also has governance, giving its holders a say in how the Cosmos ecosystem should develop. Like MATIC, ATOM is one of the first cryptocurrencies to be recognized when there are upward movements in the market.
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