Best Cryptocurrency to Invest in Today for Short-Term Gains

Searching for the best cryptocurrency to invest in today for the short term because you prefer gaining profit quickly? If you are, then you’re in luck, because I’ve handpicked a list of the most promising crypto assets that are often considered by many traders to be the best cryptos for short-term gains.

However, keep in mind this is not financial advice, and that this list was made based purely on the popular opinions of many crypto enthusiasts. Besides, since the crypto market is extremely unpredictable, an asset can be fit for short-term trading one day and then become completely unsuitable the next.

Thus, it’s always important to DYOR (do your own research), trade on reputable exchanges like Binance or Kraken, and consult with a financial advisor before making any big decisions. That being said, though, this article will provide you with a proper foundation for short-term trading, which will make your research much easier.

Now, the following are some of the best cryptocurrencies to invest in today for short-term gains that will be discussed in this article:

• Pepe Unchained (PEPU)
• Flockerz (FLOCK)
• Crypto All-Stars (STARS)
• Bitcoin (BTC)
• Ethereum (ETH)
• Binance Coin (BNB)
• Ripple (XRP)
• Dogecoin (DOGE)
• Shiba Inu (SHIB)
• ApeCoin (APE)

However, before looking deeper into each and every crypto asset in the list, we should first go over the basics of short-term crypto trading.

What is Short-Term Crypto Trading?

I’m sure you understand what short-term trading is, especially if you’re searching for the best cryptocurrency to invest in today for the short term. Besides, I’d say that the name itself is pretty self-explanatory.

Put simply, though, buying a cryptocurrency and then holding it for a short period of time is considered to be a short-term investment in crypto. The typical holding period ranges from a few minutes to approximately two weeks.

Short-term investments in crypto are highly influenced by social signals and market trends. One tweet from an influential person can make the price of a certain crypto asset skyrocket. However, it can fall just as quickly a few hours (or days) later.

Thus, short-term trading requires you to monitor the crypto market, news, and any other factors that might influence the price of a certain crypto asset non-stop. Consequently, if you want to make a decent amount of profit through this type of trading, it will have to become your full-time job.

And let me tell you, it will not be an easy job. The crypto market is extremely volatile and unpredictable, so you can never know what will happen, when will something happen, and how long will it last. Therefore, skill is not the only thing you need for short-term trading because luck plays a pretty important role as well.

Additionally, do keep in mind that short-term trading is a high-risk investment that has the potential to result in both significant gains and losses. So, if you want a less risky investment, it’s better to go with long-term trading, which involves buying crypto and holding it for a long time (usually years).

Now, getting back to short-term trading, you should know that there are several types. So, what are those?

Types of Short-Term Trading

The three main types of short-term trading are scalp trading, day trading, and swing trading. Let’s take a look at each in more detail.

Scalp trading (or scalping) is when you buy and sell crypto in very short time frames (from 1 to 15 minutes) in order to profit from small price movements. The profits usually go from 1% to 3%.

So, making many small profits while securing early gains are the objectives of scalping. This makes it very time-consuming as you have to make hundreds of trades per day if you want to secure a decent amount of profit.

Scalp traders (or scalpers) usually trade right after a significant sell down or pump, or when the market has horizontal support and resistance levels. High volatility is the required market condition for scalping.

Overall, scalping is good when it comes to gaining quick profits without much fundamental market analysis. However, it does take a lot of time, and your entry and exit points have to be very precise.

Day trading is kind of similar to scalping, except for the fact that it focuses on higher price movements and longer time frames (from 15 minutes to 1 day). Also, day trading profits usually go from 5% to 15%.

This type of short-term trading is less time-consuming as day traders make fewer trades per day than scalpers do. The key rule of day trading is closing all your positions by the end of the day.

High market volatility is also an important factor for day trading. Besides, this type of trading often relies on crypto news that can result in unexpected price surges due to certain trending events.

Overall, day trading also yields quick profits, but it does require to make technical and fundamental market analysis, and still is pretty time-consuming (just like any type of short-term trading is).

Swing trading focuses on even higher price movements than day trading does and involves buying and selling crypto assets in longer time frames as well (from a couple of days to a couple of weeks). Since it seeks to exploit higher price movements, profits can go from 15% to even 100% (if you’re lucky).

This type of short-term trading is the least time-consuming of all three, as you would usually make a couple of trades per month. Though, it also requires having excellent skills in technical and fundamental analysis.

Crypto news play an important role in this type of trading as traders often open positions in anticipation of events that have the potential to increase the price of the asset in question quickly. So, you always have to stay up to date with all the buzz in the crypto market.

To sum up, swing trading is the most profitable and the least time-consuming of all three types, but it’s also the one that requires the most advanced analysis skills and is the most risky.

Best Cryptocurrency to Invest in Today for Short-Term

Now that you have a pretty good understanding of short-term trading, it’s time to go over the list of the “best cryptocurrency to invest in today for short-term gains.” Just keep in mind that this list is not set in stone, as it’s solely based on the popular opinions of many crypto traders.

Therefore, just because a certain asset might seem like the best crypto to buy now for short-term gains, it does not mean that it will be this way tomorrow. If you plan on making any big investments, make sure to consult a financial advisor.

That being said, let’s proceed with the list.

Pepe Unchained (PEPU)

Pepe Unchained is an Ethereum-based Layer-2 crypto project. Its native token is called PEPU.

Same as many other crypto tokens out there on the current market, PEPU is a memecoin. It has a roadmap consisting of three big steps - the creation of the project on L2 technology,  presale, and finally - the actual launch of PEPU's Layer-2 technology.

Individuals can purchase PEPU via ETH, USDT, or a credit / debit card, straight from the project's official website.

Pepe Unchained is audited by both Coinsult, as well as SOLIDProof. It presents itself to be an interesting project for anyone who's a fan of Pepe, as well as memecoins, in general!

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Flockerz (FLOCK)

Flockerz is a memecoin project with a native token called FLOCK.

As the project makers themselves state, Flockerz was conceived to "to guide the project to the promised land", in a world where memecoins are living in PvP mode.

Flockerz has a roadmap, with the token launch being the third step, after security audits and community growth.

During the token presale, you'll be able to buy FLOCK with either a credit / debit card, or with other cryptocurrency.

Crypto All-Stars (STARS)

STARS is a crypto staking project. It utilizes a unique MemeVault protocol, and offers staking rewards for STARS token holders.

The token is currently in its presale phase, with enthusiasts being able to purchase it with either crypto assets or credit / debit cards.

The underlying protocol - MemeVault - allows users to stake multiple tokens, on multiple different networks. The goal of the project is to bring together memecoin holders from all around the world, and unify them under a single project.

Crypot All-Stars' roadmap consists of three steps, with the current presale being the first. The second step will be the actual STARS token launch, which will be followed by the Vault unlock.

Bitcoin (BTC)

You’ve definitely heard of Bitcoin (BTC), even if you’re a newbie in the crypto world. After all, it is the first successful cryptocurrency that set the foundation for the fundamental principles of the crypto market. You’ll surely find it on most “best cryptocurrency to invest today for short-term gain” lists.

Bitcoin was officially launched in 2009 by Satoshi Nakamoto. The goal of inventing Bitcoin was to produce a digital currency that operates peer-to-peer and is not reliant on any middlemen or outside financial institutions. As of 2023, Bitcoin still stands strong as the first cryptocurrency based on its market cap (and it seems that it’s not going anywhere).

However, what makes it one of the best short-term crypto investments? Well, for starters, Bitcoin has high liquidity. Therefore, it’s easy to open and close positions quickly, because you’ll always find buyers and sellers to trade with. It doesn’t matter if it’s 2 PM or 2 AM.

Furthermore, Bitcoin is highly volatile, which can be both a blessing and a curse. While volatility is kind of the main factor needed when making short-term investments in crypto, Bitcoin’s volatility can bring huge profits one second and great losses the other.

This is the case because the Bitcoin price can change by thousands of dollars in just a few hours. So, your entry and exit points must be very precise because you can lose a lot if you don’t close or open them at the right moment.

In addition to that, Bitcoin is considered to be one of the best cryptos for short-term trading because its price gets influenced by various crypto and financial world news. For example, the Bitcoin price surged nearly 20% after the collapse of the Silicon Valley Bank in March 2023.

That being said, Bitcoin is most suitable for day trading or swing trading. Though, keep in mind that Bitcoin is also considered by many to be a good long-term investment, because it’s believed that the price of BTC will increase in the future even more due to its limited supply.

All in all, there are three main reasons why traders dub Bitcoin as one of the best cryptos for short-term gains - liquidity, volatility, and response to news.

Buy Bitcoin safely on such renowned cryptocurrency exchanges as Binance, KuCoin, or Kraken.

Ethereum (ETH)

Ethereum (ETH) is another extremely popular asset that many crypto enthusiasts see as one of the best cryptocurrencies to invest in today for short-term (as well as long-term) gains.

Ethereum was officially launched in 2015. The Ethereum network is mostly known for bringing smart contracts and decentralized applications (dApps) into the crypto industry. Also, note that as of June 2023, Ethereum is the second largest crypto asset according to its market cap, standing right after Bitcoin.

The popularity of Ethereum makes the crypto asset highly liquid. As you already know, if the asset is liquid, this means that you’ll always find someone to trade it with. No matter if you want to buy or sell it. Being able to quickly enter and exit positions is extremely important when it comes to short-term trading.

Now, considering volatility, Ethereum definitely is volatile. Not as volatile as Bitcoin, but its price does fluctuate from a couple of dollars to a couple of hundred dollars throughout the day. This makes Ethereum pretty suitable for day trading or maybe even swing trading.

Besides, it’s worth noting the Merge, which took place in 2022. It was a major upgrade that changed Ethereum’s consensus mechanism from Proof-of-Work (PoW) to Proof-of-Stake (PoS).

How does it tie to ETH being dubbed as one of the best cryptos for short-term gains? Well, the Ethereum network is now more scalable, as well as has shorter transaction times and a significantly smaller energy footprint, making ETH a more attractive and ecological investment option.

To sum up, many experts claim that Ethereum is one of the best cryptos to invest in for the short term because it is liquid, volatile, and now also an environmentally-friendly investment option.

If you want to buy Ethereum quickly, consider using such crypto exchanges as Binance, Kraken, or Coinbase.

Binance Coin (BNB)

Have you heard of Binance, one of the most popular crypto exchanges in the industry? I bet you have. Binance Coin (BNB) is the native token of this exchange, and it’s often referred to by many crypto traders as one of the best cryptocurrencies to invest in today for short-term gains.

Binance Coin is very popular amongst traders because it has quite a lot of use cases inside and outside the exchange. Its most beneficial use case, however, is covering Binance trading fees and getting up to a 25% discount for doing that.

This brings us to the reason why crypto enthusiasts claim that BNB is one of the best short-term crypto investments - liquidity. Since Binance Coin is widely used by many traders, you'll surely open and close BNB positions quickly.

Moreover, BNB is quite volatile. Even though it can be argued that it has been pretty stable since 2021 in terms of large price swings, its volatility is still suitable for day trading or scalping because its price typically fluctuates by a few dollars during the day.

Additionally, it’s worth noting that BNB has a pretty big growth potential, which makes it worth keeping an eye on. This is the case because of the popularity of Binance and the fact that it's expanding its features further and further, which could also result in the expansion of BNB use cases.

So, liquidity, volatility, and growth potential are some of the main reasons why traders might consider Binance Coin to be one of the best cryptos for short-term gain.

Make sure to only buy Binance Coin on legitimate crypto exchanges like Binance, Kraken, or KuCoin.

Ripple (XRP)

XRP is the native token of Ripple, which is an open payment network that runs on XRP Ledger, which essentially is a decentralized public blockchain. It is mostly known for providing low fees, very fast transactions, and being environmentally friendly due to its unique consensus mechanism.

The XRP Ledger Consensus Protocol is focused on trust-based validation to avoid wasteful or competitive use of resources. So, this consensus mechanism is way more environmentally friendly compared to Proof-of-Work (PoW), for example. Besides, it makes the network very scalable as it has the ability to process up to 1,500 TPS.

Low fees and fast transaction speeds are probably some of the main reasons that make traders turn to XRP when searching for the best crypto to invest in for short-term gains. After all, when it comes to short-term trading, you must be fast, while low fees are always a big advantage.

Besides that, XRP is one of the most popular cryptocurrencies on the market, which means that it has plenty of liquidity for quickly opening and closing XRP positions around the clock.

Speaking about its price swings throughout the day, though, it usually fluctuates by a couple of cents. Therefore, XRP would probably be most suitable for scalping, which focuses on insignificant price changes to make a small profit.

Lastly, it’s also worth noting that the XRP Ledger network has a strong development team that constantly improves it. Thus, if the network keeps thriving, the XRP token will likely stay at the top next to cryptocurrencies like Bitcoin and Ethereum, which only means that it has great potential in the future.

All in all, due to its fast transaction speeds, low costs, liquidity, and volatility, XRP is considered by many to be one of the best short-term crypto investments.

You can buy Ripple quickly and securely on Binance, Kraken, or KuCoin.

Dogecoin (DOGE)

Dogecoin (DOGE) is one of the most famous memecoins in the crypto industry that is based on the “Doge” meme featuring a Shibu Inu dog. The meme itself, though, is not the main reason for its popularity - Elon Musk is. Does it make DOGE the best cryptocurrency to invest in today for short-term gains? Let’s see.

All the buzz about Dogecoin mainly started in early 2021 when Elon Musk tweeted a DOGE meme with the Lion King. Musk’s enthusiasm toward DOGE made its price surge by over 10,000% at that time, which is crazy!

And, even though the Dogecoin price quickly retreated, the asset stayed very popular to date. Of course, the hype died down a bit, but it still remains highly susceptible to various crypto news and social media posts, especially when it comes to Elon Musk’s tweets (which he still drops from time to time). By the way, you can check out DOGE’s social signals right here.

So, it’s obvious that Dogecoin is highly volatile, which is why many crypto enthusiasts think of it as one of the best cryptos for short-term gains. Though, it’s probably most suitable for scalping because DOGE’s price usually fluctuates by a couple of fractions of a cent throughout the day.

Additionally, DOGE’s large trade volume is another factor contributing to its suitability for short-term trading, making it a liquid asset. So, you don't have to be concerned about running into any difficulties when closing and opening positions.

However, keep in mind that, since Dogecoin is mostly driven by hype and speculation, it’s an extremely risky investment that requires a lot of luck if you plan to invest more. So, make sure to assess your risks and be careful (of course, this goes for investing in any type of crypto asset).

To sum up, the main reasons that make crypto traders claim Dogecoin to be the best crypto to buy now for short-term gains are its volatility, liquidity, and overall hype. Just always remember that the crypto market is highly unpredictable, especially when it comes to hype-driven crypto assets!

If you're wondering where to buy Dogecoin, I suggest using trustworthy crypto exchanges like Binance, Kraken, or KuCoin.

Shiba Inu (SHIB)

Speaking of memecoins, Shiba Inu (SHIB) is another one of those created with the major goal of outpacing Dogecoin. It actually has a lot of similarities with DOGE, as it is also inspired by the Shiba Inu dog breed, its success is tied to Elon Musk, and it’s considered by many to be one of the best cryptocurrencies to invest in today for short-term gains.

Though, from being merely a simple memecoin, it flourished into the whole Shiba Inu ecosystem (which is a rare case with memecoins). Now, Shiba Inu has its own decentralized exchange (ShibaSwap), the Shiba Inu project incubator, two more tokens (LEASH and BONE), and even the Shiba Inu Rescue Association.

So, why is it considered to be one of the best cryptos to buy now for short-term gains? To begin with, it is a well-known, liquid, and highly volatile crypto asset that is heavily influenced by hype. Elon Musk played a major role in this memecoin's success, just like he did with Dogecoin.

All it took for Musk to do was to announce on Twitter that he got a Shiba Inu dog, and the SHIB token price skyrocketed by nearly 300%. It’s actually crazy how powerful a simple tweet from an influential person can be. Thus, if you plan to buy SHIB as a short-term investment in crypto, you must follow the news constantly and monitor its social signals.

Just note that the Shiba Inu token is probably best for scalping because it costs only a fraction of a dollar, and, even though its price fluctuates a lot, the range in which it does is very small.

Overall, high volatility, liquidity, and hype-driven nature make SHIB one of the best cryptocurrencies to invest in today for short-term gains.

Not sure where to buy Shiba Inu? Binance, Kraken, and KuCoin are definitely some of the best places to do that.

ApeCoin (APE)

Have you heard of the Bored Ape Yacht Club (BAYC) NFT collection? I bet you have, as it is one of the most popular NFT collections out there. ApeCoin (APE) is the native token of the BAYC ecosystem, and it can often be seen on many “best cryptocurrencies to invest in today for short-term gains” lists.

Why is it the case, though? Well, firstly, APE has a huge variety of use cases, which makes it a popular and liquid crypto asset. It’s used as a tool for giving incentives, as a gating token, as means of payment on the BAYC ecosystem, and as a governance token in the ApeCoin DAO.

Besides that, ApeCoin is pretty volatile, especially when it comes to new events in the crypto space. After all, it is tied to one of the most popular NFT collections, which only means that any news affecting the collection could also affect the APE price.

Speaking of APE price, this token is probably one of the best cryptos to invest in for short-term gains through scalping or day trading, as its price swings usually go from a couple of cents to a couple of dollars. Therefore, if you want to get higher profit trading APE, you’ll have to put a lot of effort into it (though, you have to put a lot of effort into making successful short-term investments in any crypto).

To sum up, many crypto traders claim ApeCoin to be one of the best short-term crypto investments due to the popularity behind the Bored Ape Yacht Club (BAYC) NFT collection and the volatility of the APE price.

Buy ApeCoin securely on Binance, Kraken, KuCoin or other renowned crypto exchanges.

How to Start Investing?

Now that you know which assets are often considered to be the best cryptocurrencies to invest in today for short-term gains, you might be wondering how to start investing in them. Let me walk you through the process.

✓ Step 1: You should first choose a reputable crypto exchange for buying (and then selling) the asset you want to invest in. I suggest checking out centralized exchanges like Binance, Kraken, or KuCoin. They have strong security measures and convenient features that will make your trading experience both secure and hassle-free.

After choosing the exchange, you’ll have to create an account. Do note that most centralized exchanges require users to go through the KYC process to ensure their security and prevent any fraudulent activity from happening.

✓ Step 2: Once you set up your account, you’ll have to buy your first crypto. Check out this tutorial for a more thorough explanation on how to do that. To put it briefly, though, the most convenient way to buy crypto is using a credit or debit card.

However, not all assets can be bought with fiat. So, another option is buying some other popular cryptocurrency (like Bitcoin or Ethereum) and then simply trading it for the one you want to acquire through spot trading.

✓ Step 3: Once you choose an exchange and start trading on it, you should get a secure crypto wallet. While most exchanges have built-in software wallets that are very convenient to use for short-term trading, you should also get a hardware wallet for storing your profits safely. I suggest going with Ledger Nano X or Trezor Model T.

So, these are the main steps you have to take to start trading crypto, whether it be short-term, long-term, or any other type of trading. Of course, this is a very brief version of it.

To be successful, you should also create a solid trading strategy, use technical indicators, employ risk management strategies, and even start a trading journal (which will help you keep track of all your trading activities).

Additionally, always remember that you have to start small. No matter if you want to make a short-term investment in crypto or the long-term one. As the saying goes, don’t go biting off more than you can chew.

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Conclusions

That’s it! You now know what short-term crypto trading is, which are the best cryptocurrencies to invest in today for short-term gains, and how to start investing. All you have to do is pick a trustworthy crypto exchange (like Binance or Kraken) and start trading!

Of course, don’t forget that the crypto market is extremely volatile and unpredictable, which means that an asset can be the best crypto to buy now for short-term gains, but it might not be tomorrow. Besides, trading is a high-risk investment overall, so you should only invest as much as you can afford to lose.

Additionally, keep in mind to always DYOR, carefully examine the cryptocurrency market, and keep up with all news and trends related to the industry. Speaking of that, you can discover the relevant data for assessing the crypto market on the BitDegree crypto tracker, while you can find the most recent crypto news here.

That being said, I hope you have a great trading experience!