When it comes to cryptocurrencies, investing in any solid long-term project almost guarantees excellent returns. However, if you are looking for short-term gains, the situation is a little more complicated, as you need to keep an eye on news, market trends and a variety of other factors.
Of course, it goes without saying that the coins and tokens you invest in are important, which is why we decided to create a list of the top 13 cryptocurrencies that are excellent short-term investments. Check them out and see if you agree.
First on our list is Bitcoin, and it’s a bit of an obvious choice. Bitcoin is the go-to coin for long or short term gains as it is the most dominant coin and market leader. Whenever there is a change in the market worth mentioning, Bitcoin is always the one leading it, and what’s more, with a coin as big and expensive as BTC, any positive change can bring noticeable returns.
Being the first and oldest cryptocurrency, Bitcoin is almost synonymous with the crypto industry, and since it is the future store of value, it is an excellent choice in the short and long term.
To learn more, visit our Investing in Bitcoin guide.
Moving on to second place, we have Ethereum. At this point, Ethereum is almost as certain as Bitcoin when it comes to being a safe investment. And, although its short-term behavior depends on many factors, ETH is still sure to go up and down significantly whenever there is activity in the market.
Ethereum is also the home of smart contracts, dApps, DeFi, Metaverse, and almost every other blockchain product, so it’s safe to assume that future products and trends are likely to start on its network as well.
To learn more, visit our Investing in Ethereum guide.
In third place we have Solana. Solana is probably the most scalable blockchain available today, capable of scaling up to 400,000 TPS, according to the developers. That’s his limit right now, and that’s where he starts to struggle. It emerged as an alternative to Ethereum, as Ethereum’s lack of scalability led to long waiting times, high gas fees, and other issues.
With its superior scalability, Solana is perfectly positioned to become the next biggest development platform, and it has already become a top choice for many projects involving dApps and smart contracts.
To learn more, visit our Investing in Solana guide.
4. Mines of Dalarnia
Fourth on our list is a blockchain-based metaverse game called Mines of Dalarnia. This is a game inspired by another popular game called Minecraft, and just like in Minecraft, players are tasked with mining the land and using the natural resources they dig up. These resources can be used to improve their equipment and become more efficient.
The project uses NFTs to offer land to some of its users, then landowners can lease it to miners and get paid in return. Meanwhile, miners can profit from finding rare minerals and selling them or using them in-game.
For more information, see our Investing in the mines of Dalarnia guide.
Then we have Polygon, formerly known as Matic Network. The project emerged as a well-structured and easy-to-use platform for Ethereum scaling and infrastructure development. It includes a Polygon SDK, which acts as its main component and a modular and flexible framework that allows the creation of many different types of applications.
This includes optimistic rollup chains, standalone chains, ZK rollup chains, etc. Polygon’s goal is to effectively transform Ethereum into a full-fledged multi-chain system, meant to act as the Internet of Blockchains.
To learn more, see our Investing in Polygon guide.
6. Axie Infinity
Then there’s Axi Infinity, which is another metaverse game, where players can purchase creatures called Axies, each tied to a unique NFT. With Axies in their possession, players can strengthen them by adding some of the over 500 body parts available to give them an edge against other creatures.
Players can also breed their creatures to create new and unique ones and then sell them as NFTs or keep them. But, once they have organized their team and strengthened it, they can then enter battles with other players and earn valuable rewards for their victory, usually in the project’s native token, AXS.
To learn more, visit our Investing in Axie Infinity guide.
In the middle of the list we have Decentraland, which is one of the oldest, if not THE oldest metaverse project. Decentraland offers a digital world where users can purchase digital land in the form of an NFT. Once in their possession, they can use this land as they see fit.
This can include using it for software development, starting an online business, renting it out to others, creating games, hosting VR meetings and even events, and more. Decentraland is the Bitcoin of the metaverse sector, and as such, it is the flagship project in this field.
To learn more, see our Investing in Decentralization guide.
Moving up to eighth place is Dogecoin – the very first memecoin which was created in 2013. Originally created as a joke, DOGE was meant to bring humor and fun to an increasingly serious crypto industry that threatened to take a dark path. Dogecoin helped lighten the mood, and while it wasn’t destined to survive, it managed to persist and remain the industry’s favorite crypto for nearly a decade.
Last year, it even inspired a memecoin trend that saw the launch of many new memecoins, some of which now have the potential to see even greater popularity.
To learn more, visit our Investing in Dogecoin guide.
9. Chain link
Moving on, we have Chainlink. This is a well-known project in the crypto industry that has created a network of decentralized oracles. Essentially, the blockchain industry has smart contracts that require information from the outside world in order to self-execute when the terms of the contracts have been met. However, since they are tied to the blockchain, they have no way of accessing this information.
Chainlink’s decentralized oracles can mine this data from multiple sources, compare it to confirm its legitimacy, and then stream it securely to the chain. As a result, Chainlink empowers the entire blockchain industry by allowing its contracts to reach their full potential.
To learn more, see our Investing in Chainlink guide.
In tenth place we have Avalanche. This is another alternative to Ethereum – a blockchain developed to be fast, scalable, and inexpensive to use. It’s the perfect chain for executing smart contracts, and in fact, it’s dedicated itself to this task.
Additionally, Avalanche is extremely environmentally friendly, which is very beneficial now as the crypto industry focuses on reducing its carbon footprint, especially after bitcoin’s criticisms last year. which emerged after Tesla decided to stop accepting BTC payments due to huge emissions.
To learn more, see our Investing in Avalanche guide.
11. Binance Coin
Then we have Binance Coin, which is the native cryptocurrency of the world’s largest crypto exchange by trading volume, Binance. Binance Coin (BNB) is a cryptocurrency that serves two blockchains – the original Binance Chain, as well as Binance Smart Chain, which is the secondary blockchain of the exchange.
Binance Smart Chain, or BSC, emerged in 2020, following the rise of DeFi when Binance recognized the potential of blockchain products, especially those related to decentralized finance. He developed BSC as his own more scalable version of Ethereum. And, thanks to the reputation of the exchange, this chain has become one of the biggest competitors of Ethereum.
To learn more, see our Investing in Binance Coin guide.
Towards the end of our list, we have Uniswap. It is a DeFi token and a native cryptocurrency of the largest decentralized Ethereum exchange, also known as Uniswap. As a DEX, Uniswap does not require users to deposit funds into its own wallets, which makes these funds much safer. They can simply be transferred from users’ wallets directly to the platform to be used for trading and investing.
Moreover, Uniswap is also an automated market maker, it is a more efficient trading platform than centralized exchanges, and it also allows its users to use UNI as a governance token.
To learn more, visit our Investing in Uniswap guide.
13. Shiba Inus
Finally, the last on our list is Shiba Inu. This is another memecoin, and one of the cryptocurrencies inspired by Dogecoin and its success over the years. However, Shiba Inu is one of the cryptos that, as mentioned earlier, has the potential to become even bigger than DOGE. In fact, it managed to surpass DOGE last year in terms of market cap, Twitter mentions, and even rankings.
Its price per token has never exceeded that of Dogecoin, but given that DOGE has a total supply of around 132.6 billion tokens and SHIB has over 589.7 trillion, this is not surprising. Still, SHIB has seen impressive price growth in its time, and the next bull market could allow it to outperform DOGE again, potentially permanently.
To learn more, visit our Investing in Shiba Inu guide.
Investing for short-term gains can be a risky game, but if you’re careful enough and do your research, you’ll be in control and know exactly what to do and when to do it. However, the crypto industry is volatile and unpredictable, and there is, as always, no guarantee that any of these projects will perform as expected. That said, remember to be optimistic, but also cautious and aware of how quickly the market can turn.