Which Crypto to Buy Today?

Problem: Overwhelmed when it comes to making an investment choice in cryptocurrency

Many investors are unaware of the vast options available in cryptocurrency. The market has high volatility, in addition to new trends emerging and thousands of coins to choose from, which leads to investor hysteria over which crypto to buy today for either short or long-term gain.

The purpose of this post is to inform on the state of cryptocurrencies today, based on factual data and case studies, in your pursuit of returns for both a quick flip or for the long haul of investment.

Agitation: 

Many investors find it incredibly difficult to make decisions, while they hear people boast about Bitcoin and Ethereum crazy returns. Did I miss the boat? Let me go to the next best thing at a low-value price point and see where bridge coins take me. It is hard to tell which currency has upside and which currencies have risks, as crypto holdings can change by the hour.

The market is constantly evolving, and what may have been a great opportunity at yesterday’s highs is unfavorable today. There are various purposes for the investment. What is your time horizon and goals? Let us chunk this down on the facts or trial case studies together, and determine which cryptocurrencies satisfy your investment goals today.

Answer:

I want to show you good data on the best cryptocurrencies to invest into today, based on case studies and outcomes for short_ and long_term investments.

Below is a list of today’s credible cryptocurrencies for your investment objectives, noting these were in terms of today with capital markets trending upward for late 2023, as shown in the trading volume of generally positive trading spanning the course of the year.

• Bitcoin (BTC): Pretty reliable

Short-term potential? This cryptocurrency is known to be somewhat unpredictable for short-term trades. We’ve seen the fluctuations of BTC as low as $16,000 to just above $60,000 and back down simply within the year of 2023.

I would argue the Center for some unpredictable day trading, it may have provided the trader ample short-term possibilities.

Long-term forecast: Bitcoin, the first cryptocurrency and the most well-known cryptocurrency in the world, has established itself as the “digital gold” of crypto assets.

Historically, Bitcoin price has bounced back sharply after market corrections, and it has established itself as a viable long-term investment.

Case in point:

From the 2020 to 2021 bull run, Bitcoin price surged from $10,000 to almost $64,000. In spite of Bitcoin price dips that occurred, those who held onto their positions made significant returns on their investment.

As an example, if Bitcoin had climbed (or remained) to $64,00 from $10,000, then even with the price corrections after 2021, Bitcoin climbed back to an impressive price level in 2023, indicating its long-term potential.

Why buy today? Bitcoin’s long-standing dominance and institutional buying makes Bitcoin less risk than smaller altcoins, particularly for long-term investors.

• Ethereum (ETH) – King of Smart Contracts

Short-term potential: Like Bitcoin, Ethereum offers an incredible opportunity for short-term trading due to its high daily trading volume and fast price swings. With the growing interest in decentralized finance (DeFi) products and NFTs, Ethereum also offers tremendous short-term potential.

Long-term forecast: Ethereum most definitely has long-term potential as well, and is the backbone of many decentralized applications (dApps) and DeFi projects.

Ethereum will definitely become more valuable in the lead up to the impending Ethereum 2.0 upgrade, which makes Ethereum more scalable, secure, and energy-efficient.

Case in point:

December 2020 began with Ethereum trading below $200 USD. In November 2021, Ethereum price exploded to its all-time high of $4,800 in just 11 months. The increasing demand for Ethereum’s smart contract platform for NFTs, DeFi projects, and other dApps led to this explosive upward price movement. Much of Ethereum’s real-world utility positions it very well for long-term investments.

A strong selling point for Ethereum adoption is that it could very well anticipate continued demand for its smart contract platform. Surprisingly, even in 2023, Ethereum still offers an incredible buying opportunity despite some minor price corrections.

Why buy today?

Many these core applications will help boost Ethereum adoption and price, especially as it continues to extend the partnerships in its ever-growing “Ethereum Ecosystem” and over time, contractors will demand its service and/or code back from Ethereum smart contracts.

• Solana (SOL) – Fast Transaction Champion

Short-term potential: Solana’s very low transaction cost and fast block processing times have made it a fan favorite as a hot day trade. The price of Solana spiked essentially to 20,000%, (or nearly 20X), in 2021 indicating that short-term potential for obtaining thought and entry at the least risk.

Long-term Forecast: In terms of transaction processing ability (>50,000 TPS) Solana gives Ethereum a serious challenge of direct market competition. Developers are migrating to Solana, largely due to lower fees and quicker transaction speeds.

Case Example:

Solana’s unbelievable rise from 2021 began when it grew from under $2 to over $250. After reaching these exceptional highs, Solana has faced 2022-2023 setbacks including network outages, yet its underlying technology remains strong. Most investors still firmly believe it is a strong long-term bet.

Why Buy Now?

If you are looking for more speculative, yet potentially higher returns with more likelihood of volatility, Solana is a highly attractive option. Long-term success will be based around every improvement made regarding the technology behind Solana.

• Cardano (ADA) – Sustainable Blockchain

Short-term Potential: Cardano’s price appears to move based on a cycle basis and presents a good opportunity for short-term traders to buy the dips.

Long-term Outlook: Cardano is a blockchain focused long-term, on sustainability utilizing peer- reviewed research and is an academic favorite for investors looking for a long-term, eco-friendly blockchain solution.

Case Example:

The ADA coin has had a steady development process which has grown so far as $0.02 in 2017 to over $3 in 2021, then the coin subsequently dropped meaningfully after that.

, Polygon is likely to capture that extra market share. Reasons for Investment – Cardano’s unique methodology to create Blockchain, together with its blatant commitment to sustainability, makes it an appealing long-term investment for risk averse investors.

• Binance Coin (BNB) – Utility Token for Major Exchange

Short-term Potential: BNB has risen sharply in price as a direct function of Binance being the largest cryptocurrency exchange in the world. Traders have been able to take advantage of the countless promotions and discounts available to traders who hold BNB.

Long-term Direction: As the size of Binance’s offerings continues to grow across the DeFi and NFT universe, the demand for BNB will also normalize.

The utility of BNB is beyond just trading on Binance, as BNB is now being used, in a more traditional sense, as a form of transactional gas fees across the Binance Smart Chain.

Case Study:

Binance Coin was valued at less than $1 in 2017. In 2021, BNB was at one point worth over $600, which certainly reflects some of the remarkable success that the Binance platform has enjoyed.

Despite the larger market corrections in 2022, BNB has still performed as one of the best altcoins following Bitcoin and Ether, which evidences the underlying utility of Binance Token.

Reasons for Buying: There are a range of options for short term trading purposes with BNB as it continues to improve its prospects in this digital portfolio moving forward.

• Polygon (MATIC) – A Layer 2 Solution for Ethereum

Short-term Potential: Polygon has experienced some price variability each day, thus providing a catalyst for short-term opportunistic traders. Polygon is an equity-based solution on the Ethereum blockchain, thereby improving the already healthy market-base volume on a daily basis.