Table of contents

• How to choose cryptocurrency for short-term trading?
• List of the best cryptocurrencies for short-term trading
• Bitcoin
• avalanche
• Solana
• Dogecoin
• Polygons
• World currency
• Chainlink
• Emerging enterprises

How to choose cryptocurrency for short-term trading?

Short-term trading refers to buying cryptocurrencies and holding them for a period of time, ranging from minutes to days. This method has a bright future, but it also has risks and takes a long time because you need to continue to pay attention to the market. But that's not all; when choosing the right cryptocurrency asset, you should also pay attention to the following points:

• Volatility: One of the main indicators of short-term trading success is the value of highly volatile cryptocurrencies; the higher the value, the greater the price volatility, thus creating more opportunities for making money. An asset may rise 100% during a single trading period and then fall 200%, or the opposite may occur. Since it forms the basis for generating buying and selling signals, this element is for scalping and intraday trading.

• Support and Resistance Levels: These are specific price points on the trading chart that indicate buyers and sellers' activities. Support is the price level of increased demand, preventing further declines in assets. Resistance level refers to the point where supply begins to exceed demand, preventing asset prices from rising. These points help determine where the price may pause, reverse, or continue to fluctuate, thus setting a stop loss to place an order at the right time to ensure profit.

• Liquidity level: Liquidity refers to the convenience of asset buying and selling and will not have a substantial impact on its price. If you can buy and sell tokens at any time in any quantity and have minimal impact on market prices, the asset is considered liquid. This shows that there are enough buyers and sellers in the market willing to trade at current prices.

List of the best cryptocurrencies for short-term trading

We have compiled a list of the most promising short-term trading projects. The biggest advantage of this list is its diversity; you can find both prestigious established projects and emerging projects that have unexpectedly soared over the past few weeks. Purchase the following cryptocurrency assets to help you successfully conduct short-term trading:

• Bitcoin

• avalanche

• Solana

• Dogecoin

• Polygons

• World currency

• Chainlink

• Jupiter

• Sushi

Let's learn about each in more detail.

Bitcoin

Bitcoin (BTC) is a pioneer in cryptocurrency and an excellent choice for short-term trading. It has strong market demand, ensuring high liquidity. This means you can trade BTC at any time of the day and find buyers and sellers at any time.

Bitcoin is extremely volatile and can bring huge profits within a few minutes, but it is also accompanied by the same huge risk of loss. This is because the value of Bitcoin fluctuates thousands of dollars in a short period of time. To reduce the risk of financial losses, you need to set precise support, resistance and stop loss levels. In terms of strategy, BTC is suitable for both intraday trading and swing trading.

avalanche

Avalanche is a high-speed platform for decentralized applications and blockchain networks, known for processing thousands of transactions per second and at low fees. Unlike slower blockchains, Avalanche adopts a unique consensus mechanism called Avalanche Consensus, which enables high throughput and excellent scalability.

For short-term investors, Avalanche offers extremely attractive investment opportunities. The positive development of its ecosystem and the influx of new projects are driving the growth of demand for AVAX, which directly affects its market dynamics. As network activity increases and demand for AVAX increases, the price of the token may fluctuate rapidly. This creates favorable conditions for short-term trading and profitability in a volatile market environment.

Solana

Solana (SOL) is still a popular choice for short-term trading due to its high trading speed and liquidity. SOL's price fluctuates significantly, attracting traders who want to make profits by taking advantage of volatility. Key factors in short-term trading include news sentiment, TVL dynamics within the ecosystem, and activities of major market participants.

From a technical point of view, SOLs usually respond to changes in support and resistance levels and overall altcoin market sentiment. Scalpers and day traders will take advantage of local trends and trading volumes to closely monitor the activities of decentralized and centralized exchanges.

Dogecoin

Dogecoin (DOGE) Dogecoin is one of the most popular emoji coins today and is often described as an out-of-control joke. However, the coin’s popularity is largely due to the strong support of celebrities, especially Elon Musk. The price will briefly rise after each time he posts tweets and emoticons supporting Dogecoin. Therefore, Dogecoin is extremely volatile and extremely sensitive to external events. However, its intraday price fluctuates by only a few cents, so the currency is more suitable for scalping than swing trading.

Dogecoin ranks among the top 20 cryptocurrencies in market capitalization, making it a liquid asset. This means that traders can buy and sell Dogecoin quickly without significantly affecting the price. Dogecoin is also a good advantage for short-term trading – it offers low (about $0.001) and fast (33 TPS) trading speeds, which are crucial in the market that is always in a battle-free market.

Polygons

Polygon (POL) Polygon is Ethereum's Layer 2 solution designed to significantly improve scalability and reduce transaction fees. Unlike the Ethereum main chain, Polygon has faster transaction speeds and lower costs, making it more attractive to developers and users.

For short-term investors, Polygon provides an attractive investment opportunity. In recent years, the project has actively expanded its ecosystem and attracted new users and partners. This directly affects the price of POL tokens: partnerships and the release of new developments often lead to sharp price fluctuations and short-term surges. This volatility is very beneficial for traders and investors seeking to make quick profits.

Furthermore, with growing interest in Ethereum and its scalability challenges, Polygon has become increasingly important due to the efficient Layer-2 solutions it provides. The more attention Ethereum receives, the greater the demand for faster and more affordable alternatives like Polygon. This leads to increased platform activity, which may in turn trigger a short-term price surge in POL tokens.

World currency

World Coin (WLD) is a cryptocurrency whose core philosophy is to create a universal digital identity through biometric data. Founded by OpenAI co-founder Sam Altman, the project aims to address financial inclusion issues and provide global access to cryptocurrencies. Worldcoin uses a unique device called "Orbs" to scan the iris to create a secure and anonymous user identity. This approach makes Worldcoin an innovative project with huge long-term potential.

From a short-term investment perspective, the world currency provides opportunities for volatility speculation, especially in the case of new progress and announcements. Prices are expected to fluctuate in the first few months after the project was launched as the project gained attention from investors and tech enthusiasts. Continuous discussions about biometric technology and the interest of large tech companies may significantly affect the price of the token in the short term.

Chainlink

Chainlink (LINK) is a decentralized oracle project that connects real data and blockchain technology. With its strong liquidity and extensive trading on major exchanges, LINK ranks among the top 20 cryptocurrencies in market capitalization, allowing traders to execute orders efficiently and at low cost. Slide.

Chainlink is often the focus of news and events in the cryptocurrency space, which can lead to its price hikes, thus providing traders with profit opportunities. The project is constantly expanding its use cases and partnerships (Sony's Soneium, ANZ, Citibank, etc.), which also drives demand for its tokens.

Emerging enterprises

The price of crypto assets is largely influenced by global events and market trends, including first-person speech, policy changes, and even emoticons on X and Reddit. In major events, new tokens and projects may emerge:

• Bamboo Star Coin (JUP): Because it plays a key role in the rapidly growing Solana-based decentralized finance (DeFi) ecosystem, it is suitable for short-term investment. As Solana continues to grow and more DeFi platforms adopt the Bamboo Star Coin Protocol to enable efficient liquidity aggregation, demand for JUP may surge, resulting in a potential price surge in the near term. In addition, with Solana's popularity and online transaction volumes, the practicality of Bamboo Star Coin in promoting smoother token exchanges may drive its rapid short-term growth.

• SushiSwap (SUSHI): Due to its active layout in the booming DeFi sector, SUSHI provides an attractive opportunity for short-term investment. As a decentralized exchange (DEX), SushiSwap allows users to participate in earnings farming, liquidity provision and token swaps. With a strong community and regular protocol updates, SUSHI has high price volatility, providing potential short-term trading opportunities. Additionally, SushiSwap's expanding capabilities and integration with multiple blockchains may drive large price fluctuations in the short term as the DeFi sector continues to grow, so SUSHI is a good choice for short-term investors looking to profit from DeFi trends.

Hyperliquid's unique native Layer1 blockchain and zero-gas fee features make it a promising competitor. However, after any significant gains, there will usually be a pullback, and it remains unknown whether Hyperliquid can consolidate its achievements.

Since the cryptocurrency market is extremely difficult to predict, an asset may be suitable for short-term trading today and becomes completely unsuitable tomorrow. Therefore, be sure to do your own research and be vigilant about surrounding events.

When choosing a cryptocurrency for short-term trading, you should focus on high liquidity and high volatility; set clear support and resistance levels and use stop loss orders to reduce capital losses. As an asset, you can choose cryptocurrencies based on your preferences: trustworthy cryptocurrencies like Bitcoin and Ripple, unpredictable meme cryptocurrencies like Dogecoin and Pepecoin, or feature-rich projects like Chainlink and Hedera; the choice is in your hands.

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