Best Coin For Short Term Investment

Cryptocurrency prices have had a difficult year in 2022 every bit investors keep worrying nigh a number of factors. The most important challenge in the industry is the Federal Reserve, which has committed to doing whatever information technology can to lower ascent inflation rates.

It has already hiked interest rates by 0.75% and hinted that it will continue hiking rates this year. Most importantly, the Fed has said that it will start implementing quantitative tightening.

There have been other challenges in the crypto industry such as regulations and the crash of Terra LUNA, Terra USD, and affiliated platforms similar Anchor Protocol.

In this article, we will expect at some of the best cryptocurrencies to invest in for brusque-term gains.

1. ApeCoin (APE)

ApeCoin is a relatively new cryptocurrency that was launched in 2022 by Yuga Labs. It is a digital coin that aims to power the Bored Ape Yacht Social club ecosystem, which is the biggest NFT platform in the world. Yuga also hopes that ApeCoin will power its other products such as the metaverse and games.

At the time of writing, ApeCoin’due south price is trading at $8.50, giving information technology a market cap of over $2.4 billion. While its cost has declined sharply, there is a possibility that it volition bounce back equally the developers launch new products. This makes it a good cryptocurrency to invest in for the short term.

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2. Litecoin (LTC)

Litecoin’s price has declined sharply this year. To a large extent, the coin has even lost its correlation with Bitcoin.

Still, it is one of the oldest coins in the industry, significant that it has the trust of investors. If the digital coins bounce back, at that place is a possibility that Litecoin volition also rise.

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3. The Sandbox (SAND)

The Sandbox is ane of the biggest platforms in the gaming, metaverse, and NFT industries. The platform allows people to purchase virtual state, host virtual events, play games, and merchandise NFTs.

It has managed to concenter leading companies like HSBC and Standard Chartered, which are some of the biggest banks in the manufacture.

The SAND cost has dropped past more than than 85% from its all-time high. Therefore, there is a likelihood that the Sandbox price will have a relief rally in 2022.

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iv. Kyber Network Crystal (KNC)

Kyber Network is a relatively small cryptocurrency that could do well in the curt term. Information technology is a platform that allows traders to merchandise or invest in cryptocurrencies from across the chains.

This means that you can swap tokens in chains like Ethereum, Polygon, Avalanche, and Cronos among others. Co-ordinate to its website, information technology has facilitated volumes of more $7 billion.

The Kyber Network Toll declined sharply after the collapse of Terra. But it has done relatively well since so and I await that its trend will keep as investors buy the dips. KNC has a market cap of more than $217 million.

five. Synthetix Network (SNX)

Synthetic Network is some other crypto to invest in for brusk-term gains. Information technology is a blockchain platform that is in the DeFi manufacture through its derivatives features.

Its concept is that it allows developers to create derivatives products across multiple assets like cryptocurrencies, stocks, indices, and commodities.

As a effect, a derivative of Apple makes information technology possible for one to trade Apple shares in a derivative format. Synthetix has a total value locked (TVL) of more than $538 million. The SNX price volition likely do well in the near term every bit the derivatives industry continues doing well.

vi. STEPN (GMT)

STEPN is a relatively new blockchain projection that is in the move-to-earn manufacture. Its concept is relatively unproblematic. Users install an app on their smartphones and are and so rewarded using GMT for running and walking.

In addition to this, the network has an NFT chemical element.

STEPN’s market is continually growing as the number of people embraces the platform. Therefore, there is a likelihood that the GMT price volition keep rising in the coming months. A key claiming for STEPN is that competition from the likes of Step App and Sweat Coin.

7. Theta Network (THETA)

Theta Network’s price has crashed past more than 88% from the all-time high that information technology reached in 2021. Its market cap has dropped to more than $1.two billion, making it the 56th biggest cryptocurrency in the world.

For starters, Theta is a platform that is changing the video distribution manufacture.

It uses a decentralized method where anyone can host videos in their gratis storage and then earn coin from it. The platform launched TDROP,  a platform that lets people mint and purchase NFTs.

Therefore, while the token has declined sharply, there is a likelihood that it will bounce back in the near term.

8. Hedera Hashgraph (HBAR)

Hedera Hashgraph has been 1 of the best cryptocurrencies to buy for short-term gains. For starters, Hedera is a blockchain projection that aims to become a meliorate alternative to Ethereum and Solana.

It claims to accept faster speeds and that its blockchain is carbon negative. Hedera is also owned by some of the leading companies like IBM, Google, LG, Ubisoft, and Boeing.

The Hedera Hashgraph price has fallen by 83% from its all-time loftier while its full market cap has moved to $2 billion. With its ecosystem growing, there is a possibility that the HBAR price will bounce back.

nine. Cosmos (Cantlet)

The Cosmos cost has had a hard performance this twelvemonth. The most contempo catalyst for the sell-off was the collapse of the Terra ecosystem. This was a notable issue since Terra was built using Cosmos’ SDK. Therefore, the ATOM cost declined equally investors predicted reduced activity.

However, these fears are likely overblown since Creation is much bigger than Terra. Also, Terra did not collapse considering it was built using the SDK. Therefore, Cantlet is a good short-term and long-term investment.

x. Ethereum Proper name Service (ENS)

Ethereum Name Service is a unique blockchain project that is changing the domain registry business. People tin can use its network to buy domains that have a .eth suffix. The network has a nigh-monopoly in this industry. It has also moved to the NFT industry. Therefore, while the ENS price has declined sharply, at that place is a possibility that the money will recover.