There is no secret cryptocurrency has experienced positive growth in technology for the past five years. In 2022, we expect new heights too. Apart from the existing cryptos, we have new projects being launched every day.
Investors have thousands of opportunities to choose from. But from the list, people may prefer long-term investment or short-term. This depends on what you want to do with your investment plans. Both long term and short term have consequences; hence you must be smart to make the right choice. Here we look at the best cryptocurrencies you can invest for short term rewards:
Bitcoin
Bitcoin was the first cryptocurrency to be launched in 2009, a few months after fiat currency experienced inflation. For almost 12 years, bitcoin has maintained the top position despite minor scandals. However, the distance between bitcoin and the rest is too huge. Moreover, its price is significant because the number of coins in the market is limited. Only 21 million coins are in the market, and there is no chance for developers to subtract or increase it.
Before you invest in bitcoin, look at its history and its behavior. Although the past has nothing to do with the current and the future, the knowledge will help you somewhere. The currency will reach new heights as we money to the second quarter.
Ethereum
It has maintained its second best cryptocurrency position since its launch. Thousands of DeFi and NFT projects are being supported on the platform. Its market value is quite large. Currently, Ether 2.0 has been launched in different phases. The update is to curb the problems experienced by the original Ethereum, like the transaction speed. So investing in Ethereum for a short period might earn you a good profit. Consult your advisor and get a percentage in your portfolio for Ether. Only stake the amount that you can lose.
Binance Coin
Binance came into existence in 2017, just months before bitcoin experienced the worst fluctuation in the market. The Binance Exchange company created the coins which could help the BNB business.
One must use their coin for any business you do with the Binance chain. In 2022, experts have predicted good improvements in its prices. For the past five years, it has shown positive steps. As a result, short-term investors have earned a superb amount of money on the positive edge.
Polkadot
You might not have heard about it if you are a newbie in the field of cryptocurrency. However, it’s a unique platform that links different crypto to work as a community. In simple terms, it creates interoperability among various blockchain branches.
Polkadot was launched during the pandemic in 2020. There has been a huge improvement which has attracted thousands of investors. Also, influencers have managed to drive positive traffic towards it.
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The growth in 2022 is expected to grow by more than 100%. As a result, developers have high hopes that their product will overtake some coins and become the best cryptocurrency.
Dogecoin
Dogecoin started as a meme joke in 2013. Due to famous people like Elon Musk, it has gained a lot of support. Although some co-founders sold it away to investors, it has maintained a top position. As a result, people are staking their money on it.
Dogecoin has a fanbase across the world. As a result, major companies have accepted it as one way of making payments. Examples of such companies are SpaceX, Kronos, and Dallas Mavericks. In 2022, it’s among the best cryptocurrency.
SpaceX belongs to Elon Musk, the top supporter of dogecoin. He has always had a positive mindset towards this coin because of its simplicity in many functions. And most people will always go in the way their influencers face. So you can earn a good profit if you invest in dogecoin.
These are just a portion of the top coins, but we have a long list. The best way is to gather more information before investing in any cryptocurrency.
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