Which Crypto to Buy Today for Short Term Gains: Top Picks to Consider

December 12, 2024

In the ever-evolving crypto space, investors are always looking for opportunities to profit from short term investments. Whether you're an experienced trader or new to crypto, understanding which crypto to buy today for short term gains can make all the difference in your investment strategy.

So if you're wondering which crypto to buy today for short term gains, you've come to the right place. In this guide, we will explore the best cryptocurrencies for short term trading, key strategies, and tips to help you navigate the fast-paced world of crypto markets.

Which Crypto To Buy For Short Term Gains

which crypto to buy today for short-term

Here are the top 5 best crypto to consider for short-term gains based on current market trends.

1. Bitcoin (BTC) : Largest Cryptocurrency By Market Capitalization 

First on our list, we have Bitcoin, the king of cryptocurrencies and the largest crypto by market cap. This cryptocurrency is one of the best short-term crypto to buy right now for potential returns because BTC has incremental price increases, reacting to macroeconomic factors. As such, this offers plenty of trading opportunities for short term gains.

Bitcoin is most times considered the "safe haven" of the crypto world, with smaller denominations like sats. While it's widely known for its long-term potential, it can also present profitable short-term opportunities due to its market dominance and liquidity. 

which crypto to buy today for short-term

There are several reasons why Bitcoin is one of the best crypto to buy and one of them is its liquidity. As the most widely-traded cryptocurrency, Bitcoin has high efficiency, which ensures smooth transactions even during volatile periods.

Bitcoin also often leads market movements and sentiments, which means that whenever BTC experiences significant price action, it can influence the broader market, thereby creating opportunities for short-term gains and long-term growth.

Another reason why Bitcoin is one of the best cryptos to buy is its limited supply and this helps investors and crypto traders to make informed decisions when buying the coin for potential short term gains or long term growth.

Bitcoin also tends to experience significant price movements in the short term and this can be capitalized on by skilled short term traders. A good example is seeing how its price skyrocketed following the U.S. presidential election and Trump’s win. Bitcoin recently broke the $100K mark and is currently trading at $100,522 per BTC/USD with a market cap of 2.00T USD. 

2. Ethereum (ETH) - Second Largest Cryptocurrency By Market Capitalization 

Another cryptocurrency on our list is Ethereum, the king of smart contracts. ETH remains one of the most popular cryptocurrencies for both long and short-term trading. This cryptocurrency versatility as the backbone of decentralized finance makes it a solid choice for significant returns as events like network upgrades or DeFi activity spikes often lead to significant price swings, making ETH a favorite for short-term traders.

Also, Ethereum’s recent shift from proof of work to proof-of-stake with Ethereum 2.0 and its thriving DeFi ecosystem have continued to drive its price action, making it ideal for crypto trading. It is where the majority of the crypto space’s action takes place, including new cryptocurrency to buy, play-to-earn crypto games, and developments in DeFi.

crypto market trends: ETH to the USD

There is also a flywheel effect at work here, which means that as Ethereum grows in popularity, more developers will build on it, encouraging even more users to participate. In return, demand for ETH will keep growing while its value continuously rises, making it a good long term investment and one of the best cryptocurrencies to buy.

Ethereum also recently strengthened its position as one of the best short-term cryptos to buy now following its Pectra upgrade, which is focused on scalability, reduced congestion, fast transaction, low costs, and enhancing Layer-2 adoption. This cryptocurrency is currently trading at $3801.9 per ETH/USD and has seen a 20.31% value increase in the last month. 

3. Ripple (XRP) - Third Largest Cryptocurrency By Market Capitalization 

Coming up next on our list is Ripple (XRP). XRP is the official crypto asset of the Ripple payment network, which was designed to aid fast transactions, make international payments faster and more affordable. The project recently won its case against the SEC, which alleged that XRP was an unregistered security and is now the third-largest crypto by market cap.

This cryptocurrency has been held back for years by uncertainty over whether it would be classified as a security in the US and now, thanks to its court victory over the SEC, that uncertainty is gone thus making it one of the best cryptocurrencies for substantial returns.

short term crypto investments: Ripple (XRP)

There are several reasons why Ripple (XRP) is one of the best short-term crypto investments and one of them is its high liquidity. As one of the top cryptocurrencies by market capitalization, XRP has a large and active trading community, resulting in tight bid-ask spreads and low slippage.

This liquidity enables traders to quickly enter and exit positions, making it an attractive choice for short-term crypto trading. Ripple's (XRP) relatively low transaction costs and fast settlement times also make it one of the best cryptocurrencies with growth potential. 

Another reason XRP is well-suited for short-term trading is its volatility. Ripple's price can fluctuate rapidly and this creates opportunities for traders to profit from short-term price movements.

Also, XRP's volatility is often driven by news and events, such as announcements about new partnerships or regulatory developments, which can provide traders with a catalyst for their trades. Ripple is currently trading at $2.35627 per XRP/USD and this coin has seen a +307% value increase in the past month, making it one of the best cryptocurrencies with growth potential.

4. Solana (SOL) - Blockchain Built For Mass Adoption 

Another cryptocurrency that made it to our list of best crypto short-term trading investments is Solana. Solana is already the sixth-largest cryptocurrency in terms of market cap, with considerable growth potential.

It is a fast and cost-effective blockchain that was created as a challenger to Ethereum. Solana has been one of the most successful crypto tokens of the resurgent crypto bull market and SOL which is the platform’s native token has seen a +225.30% increase in value in the last 12 months

best crypto for short term gains: solana

Solana’s high-speed transactions and low fees make it attractive for use cases and drive its price in short-term crypto trading. Its unique Proof-of-History consensus mechanism enables processing thousands of transactions per second, enhancing scalability. Also, as more projects build on Solana, its token value has room to appreciate quickly thereby making it one of the best short-term crypto investments. 

The network’s ecosystem is expanding, with increased activity in dApps and NFTs. Notably, the Solana meme coin sector saw a 7% demand surge, and institutional interest in this crypto has continued to grow making it one of the best cryptocurrencies trading investments.

Its ecosystem is growing rapidly, with increased adoption of DeFi apps, NFTs, and other decentralized applications, and in turn, it is generating positive momentum for SOL’s price. Solana is currently trading at $225.95 per SOL/USD, so both long-term investors and short-term investors are set to earn quick gains.

5. Binance Coin (BNB) - Binance Ecosystem Utility Token 

Coming up fifth on the list is BNB. Binance Coin (BNB) is one of the best short-term crypto investments due to its high liquidity, low fees, strong potential, strong ecosystem support, and frequent price movements.

As one of the top cryptocurrencies by market cap and trading volume, BNB provides traders with the ability to execute buy and sell orders quickly without significant price slippage.

Also, its role within the Binance ecosystem such as its use for trading fee discounts, staking, and participation in Binance Launchpad projects drives consistent demand and creates short-term price surges during key events like token burns and project launches.

short-term investments: Binance  Coin (BNB)

BNB is the official cryptocurrency of the world's largest crypto exchange (Binance) and its volatility offers ample opportunities for explosive growth, thereby aiding traders to profit from daily price swings.

BNB often mirrors broader market sentiment, typically outperforming during bullish periods due to its utility and ecosystem relevance. Additionally, catalysts, such as Binance’s announcements, partnerships, and product launches, further contribute to price fluctuations. 

BNB is the 5th largest cryptocurrency by market capitalization and it has continued to perform strongly so far. This crypto offers discounts on trading fees and benefits like early access to crypto launches on Binance making it one of the best short-term crypto trading investments.

With its combination of liquidity, volatility, and ecosystem-driven demand, BNB remains a top pick for those looking to execute short-term trading strategies, provided they manage risks in this ever-changing market. Binance Coin is currently trading at $708.74 per BNB/USD and this cryptocurrency has gained over 188.32% in the past year. 

What to Consider for Short-Term Crypto Trading Investments

Short-Term Crypto Trading Investments

Short-term crypto trading investment is not for the faint-hearted, as it requires a thorough understanding of the market, discipline, and the right tools.

Here are the top factors to consider when choosing the best short-term crypto investments:

1. Liquidity and Trading Volume: 

One of the top factors to consider for short-term crypto trading investment is Liquidity. Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price.

Having high liquidity ensures smooth trading and minimizes slippage, making it essential for short-term trading. Cryptos like Bitcoin (BTC) and Ethereum (ETH) often rank high in liquidity, making them part of the best cryptos to buy for short term gains.

2. Volatility Trends: 

Volatility is the lifeblood of short-term crypto trading, the reason being that frequent and significant price changes provide ample opportunities for traders to gain quick profits. Solana, for instance, is known for its sharp price movements, making it an attractive option for short-term trading. There are several benefits to engaging in short-term trading and one of them is the potential to take advantage of price volatility to make quick profits. 

3. Technical Indicators: 

Another factor to consider for short-term investments is technical indicators, this is because using technical analysis tools like RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and Bollinger Bands can help you identify entry, make informed decisions and exit points for trades. So, for short-term trading, these indicators are invaluable.

4. News and Crypto Market Sentiment: 

It is important to consider news and stock market sentiments for short term investment because crypto markets are highly influenced by news, social media buzz, and broader sentiment. So staying updated on regulatory developments or major announcements can give you an edge in identifying the best short term investments in the crypto market.

Strategies for Short Term Crypto Trading

Strategies for Short Term Crypto Trading

There are several strategies for trading and mastering the right trading strategies can make all the difference when navigating cryptocurrency markets.

1. Day Trading: 

First, is day trading, and as the name suggests day trading involves opening and closing positions within the same day, avoiding overnight risks. To succeed, you need to monitor charts, analyze patterns, and execute trades quickly. This strategy works well with highly liquid assets like Solana and Ethereum.

2. Swing Trading:

Swing trading focuses on capturing price swings over several days or weeks to capitalize on larger price trends and unlike day traders, swing traders aim to catch the swing in the market, such as when a cryptocurrency moves from a high to a low point. This strategy allows you to hold positions longer than day trading while still capitalizing on short-term price movements in order to get significant returns.

3. Scalping:

Scalping is one of the fastest and most intense short-term trading strategies. It is a high-frequency trading strategy that involves making small profits multiple times a day. It requires advanced tools, quick reflexes, and discipline. The aim is to profit from tiny price movements in highly liquid markets and assets with low transaction fees, like Solana, are ideal for scalping.

4. Arbitrage Trading:

Arbitrage is the practice of profiting from price disparities across exchanges. For example, if Bitcoin is priced more on one exchange than another, an arbitrage trader can purchase low on one platform and sell high on the other to earn quickly. Arbitrage opportunities are widespread in the crypto industry due to its fragmentation, particularly between global exchanges.

Short-Term Crypto Predictions For 2025 

short-term crypto predictions for 2025

Predicting short-term crypto trends is quite challenging, but historical patterns and current events have provided us with some insights.

So, here are some short-term crypto predictions for the upcoming year (2025). 

1. Bitcoin and Ethereum to Lead the Market: 

As institutional adoption grows, Bitcoin and Ethereum are expected to see steady price movements thereby providing consistent trading opportunities in 2025.

This year, crypto prices soared to new all-time highs and spot Bitcoin ETFs saw the most successful ETF launch of all time, in 2025, based on the current trends, Bitcoin and Ethereum will hit new all-time highs and Bitcoin ETFs will attract more flows in 2025 than they did in 2024. 

2. Meme Coins on the Rise

best crypto to buy for short-term gains

Another short-term crypto prediction for 2025 is that meme coins will be on the rise. The meme coin market has had an insane run this year and several crypto analysts are predicting that this trend will continue in 2025.

Established names like PEPE, Dogecoin, Dogeverse, PNUT, Shiba Inu, and others will continue to gain traction which will be largely driven by social media hype. These coins could in turn offer lucrative but volatile short-term opportunities.

3. Wider Adoption: 

Several crypto experts have suggested that in 2025 one of the big trends for the cryptocurrency industry will most likely be wider adoption. This year we have already seen the world’s largest financial institutions such as BlackRock embrace Bitcoin and Ethereum by launching ETF products for those digital assets.

In 2025, we could potentially see ETFs launched for yet more crypto assets and in addition, more institutions and even governments are looking more seriously into the crypto market 

Essential Tools for Short-Term Crypto Trading

Here are some of the essential tools for crypto trading; 

Trading Indicators: 

Using trading indicators can improve your trading approach by providing insights into market trends. Moving Average Convergence Divergence (MACD), Bollinger Bands and the Relative Strength Index (RSI) are all popular indicators you can use to experiment to see which ones best suit your trading style.

User-Friendly Cryptocurrency Exchanges: 

Choosing a trustworthy cryptocurrency exchange is very important for successful trading. First of all, look for platforms that offer minimal trading fees, an easy-to-use interface, and a diverse range of trading pairings. One with an embedded crypto wallet is a bonus for keeping your digital assets safe and secure.

Also, make necessary checks to ensure that the exchange has strong security procedures in place to secure your assets.

Real-Time Market Data: 

Another essential tool for trading is real-time data. With real-time market data, you can stay up to date on the most recent market trends and price fluctuations.

Many trading platforms also provide customizable dashboards and alert systems, which allow you to monitor many assets at the same time and in addition receive immediate notifications of significant price changes.

Understanding Short-Term Crypto Trading

What is Short-Term Crypto Trading?

  • Short-term crypto trading involves buying and selling cryptocurrencies quickly to capitalize on price fluctuations.
  • It requires a deep understanding of the crypto market and the ability to make quick decisions.
  • Short-term traders focus on price swings to gain quick returns.

How to Start Investing in Short-Term Crypto?

  • Start by choosing a reputable crypto exchange and creating an account.
  • Fund your account with a payment method of your choice.
  • Research and select a cryptocurrency to invest in, considering factors such as liquidity, volatility, and market trends.

Crypto Market Trends and Analysis

Current Market Trends and Predictions

  • The crypto market is highly volatile, with prices fluctuating rapidly.
  • Market trends can be influenced by various factors, including social signals, news, and global events.
  • Predicting market trends is crucial for successful short-term trading.

Top Picks for Short-Term Gains

Best Crypto for Short-Term Investment

  • Bitcoin (BTC) and Ethereum (ETH) are popular choices for short-term investments due to their high liquidity and volatility.
  • Other cryptocurrencies, such as Binance Coin (BNB) and Dogecoin (DOGE), can also offer quick profits.
  • It’s essential to research and select a cryptocurrency that aligns with your investment goals and risk tolerance.

Bitcoin (BTC) and Ethereum (ETH)

  • Bitcoin is the first successful cryptocurrency and has a strong market presence.
  • Ethereum is another popular asset with a large ecosystem and consistent upgrades.
  • Both cryptocurrencies have high liquidity and volatility, making them suitable for short-term trading.

Hidden Gems for Short-Term Gains

Meme Culture Meets AI-Driven Innovation

  • Dawgz AI ($DAGZ) is a meme coin that combines entertainment value with cutting-edge AI technology.
  • The project offers real-world utility and a community-driven ecosystem, making it an attractive option for investors.
  • Other hidden gems, such as Aureal One and DexBoss (DEBO), can also offer significant returns.

Dogecoin (DOGE) and Shiba Inu (SHIB)

  • Dogecoin is a popular meme coin with a strong community and high liquidity.
  • Shiba Inu is another established ecosystem with a metaverse and DeFi integrations.
  • Both cryptocurrencies have the potential for quick profits, but it’s essential to research and understand their underlying value.

Tips for Short-Term Crypto Trading

General Short-Term Trading Tips

  • Develop a solid trading strategy and stick to it.
  • Use technical indicators and risk management strategies to minimize losses.
  • Stay disciplined and react quickly to market changes.

Short Term Crypto Trading Strategies

  • Scalp trading: buying and selling crypto in very short time frames (from 1 to 15 minutes) to profit from small price movements.
  • Day trading: buying and selling crypto in longer time frames (from 15 minutes to 1 day) to profit from higher price movements.
  • Swing trading: buying and selling crypto in even longer time frames (from a couple of days to a couple of weeks) to profit from higher price movements.

Investing in Crypto for Short-Term Gains

How Much Profit Can Short-Term Cryptocurrency Bring?

  • The profit potential in crypto short-term investments can be significant, with traders seeing gains as high as 100% or more within a matter of days.
  • However, it’s essential to understand the risks involved and to set realistic expectations.

What are the Best Apps to Buy Short-Term Crypto?

  • The Change Trading App is a highly recommended platform for short-term crypto investments.
  • Other popular apps, such as Binance and Coinbase, can also offer a seamless trading experience.
  • It’s essential to research and select a reputable app that aligns with your investment goals and risk tolerance.

Conclusion

Although choosing the right cryptocurrency to start trading can be quite a task, it can be highly rewarding if approached with the right mindset and strategies. So whether you choose Bitcoin for its liquidity, Ethereum for its utility, or meme coins for their explosive potential, always do your research and trade responsibly.

Disclaimer: The information provided in this article is for educational and informational purposes, and should not be considered financial or investment advice. Cryptocurrencies are high-volatility, speculative assets, and past performance is not indicative of future results. Always conduct your own research and consult a licensed financial advisor before making any investment decisions. The author and publisher of this article are not responsible for any financial losses incurred based on the information provided. Investing in cryptocurrency involves significant risk and you should never invest more than you can afford to lose.