The Best Cryptocurrencies To Invest In The Short Term In 2022
Many traders wonder what are the best cryptocurrencies to invest in in the short term. This is because an excellent way to approach this market is short-term to take advantage of volatile price swings and ride rallies.
This guide looks at the best short-term cryptocurrencies to invest in 2022 through 11 notable projects offering attractive growth potential.
The best cryptocurrencies to invest in the short term in 2022
Below you can find a quick rundown of the top 10 cryptocurrencies to invest in in a short period in 2022.
A Closer Look at the Best Cryptocurrencies to Invest Short-Term in 2022
Within the best cryptocurrencies, we have made a selection of the best to invest in the short term in 2022:
1. Tamadoge — The new cryptocurrency to invest in the short term
Tamadoge, launched in July 2022, is the cryptocurrency at the heart of the Tamaverse, with which to interact with your Tamadoge pets, making innovative use of NFTs. His popularity, in such a short time, has increased rapidly.
TAMA, the Tamadoge token, is a utility meme coin. It is a P2E (Play to earn) P2E token, meaning that the more time you invest in raising your Tamadoge pet, the more rewards you can earn, although the most valuable are about the skill level of your pets in battles.
TAMA is a deflationary token so the price is supportive. In addition, there are no taxes on TAMA transactions and no minimum or maximum investment amounts. Currently, the price of 1 TAMA is 0.01 USD.
2. Battle Infinity — The best crypto to invest in the short term in 2022
The IBAT token is the fundamental tool that allows you to unlock the features of Battle Infinity. It is a utility token that is made on the Binance Smart Chain network and is based on the BEP-20 protocol.
We recommend IBAT, the Battle Infinity token, as a cryptocurrency to invest in the short term due to its great success during its pre-sale stage, where it has sold out, exceeding the expectations of its developers. Especially for reaching his hard cap earlier than expected.
Its contract is endorsed by SolidProof and it successfully passed the CoinSniper KYC process, soon to be listed on PancakeSwap. Battle Infinity plans excellent returns that you can take advantage of in the short term.
3. Lucky Block — Exciting cryptocurrency for short-term investment in the NFT gaming niche
The cryptocurrency of the NFT contest platform Lucky Block is one of our recommendations. Being based on blockchain technology, it gives you transparency that has never been seen in gambling. This earns Lucky Block points in your favor.
In addition, the protocol makes the players and the organizers benefit. The mix between lower costs and better odds makes Lucky Block unique.
4. Defi Coin — High potential Defi token with a growing user base
Another short-term crypto investment to consider is Defi Coin. As its name implies, Defi Coin is a cryptocurrency token entrenched within the ever-growing world of decentralized finance (Defi). Given that the sector had around $200 billion in Total Value Locked (TVL) during the first three months of 2022, this coin has exceptional potential.
Defi Coin can be considered one of the best altcoins of the year for its link to the new decentralized exchange Defi Swap (DEX). This DEX offers Staking, Swap, and Yield Farming services, with Defi Coin being the platform’s native token. Because of this, as Defi Swap grows in importance, it will naturally have a knock-on effect on the popularity of DEFC — and its value.
5. Yearn. finance — Decentralized lending service with great potential
Decentralized lending facilities are expected to play a major role in the future of finance. In a nutshell, platforms like Yearn. finance allows users to borrow without going through a centralized operator, such as a bank.
Also, loans are approved as soon as the borrower posts a bond, so no credit check is required. Because of this, YFI is also considered one of the best utility tokens to buy in 2022.
6. The Sandbox — Popular metaverse currency for short-term growth
In addition to Decentraland and Axie Infinity, The Sandbox is a leading MetaVerse coin that aims to connect the virtual and real world through unique NFTs. And, at the forefront of this concept are the NFTs that represent parcels and real estate of the Sandbox ecosystem.
7. BNB — Currency with a growing user potential
Formerly known as Binance Coin, BNB is the cryptocurrency backed by Binance.
It allows users of the Binance exchange — which facilitates billions of dollars in daily trading volume — to benefit from a 25% reduction in trading fees. Additionally, and perhaps most pertinently, BNB is used to pay transaction fees on Binance’s smart chain.
8. Solana — Has outperformed Ethereum in most metrics
The next project to consider from our list of the best short-term crypto investments for 2022 is Solana.
Often described as an Ethereum Killer, Solana is home to a decentralized blockchain that enables the deployment of smart contract agreements. With that said, Solana performs significantly better than its Ethereum rival across most metrics.
9. Uniswap — The best short-term investment in the DEX cryptocurrency portfolio
Uniswap — which is built on the Ethereum blockchain, is home to a decentralized exchange — or DEX.
Although Uniswap is not the only DEX in this market, it is one of the most popular in terms of the number of clients and daily trading volume. The general concept of a DEX like Uniswap is that traders buy and sell cryptocurrencies without a middleman.
10. XRP — Great short-term crypto investment to challenge SWIFT
SWIFT dominates the global cross-payment system by a considerable amount.
However, this age-old network is not only slow and expensive, it requires the use of correspondent banks when transacting with less liquid currencies. This is where Ripple and its native XRP token come in, as the network aims to revolutionize global payments.
11. Bitcoin — Market Leader
Although there is still a lot of upside potential left with Bitcoin, this digital currency is often seen as a hedge against the broader financial markets. The reason is that, like gold, Bitcoin has a finite supply, with 21 million tokens.
On the other hand, the rewards that exist for mining keep tokens in circulation. Bitcoin is also a form of payment accepted by many companies, leaving it outside the control of governments, another advantage. Also, the existence of Layer 1 cryptocurrencies makes Bitcoin increasingly resilient and scalable.
How to decide whether to invest in a short-term cryptocurrency in 2022
Many investors wonder why to invest in cryptocurrencies in the short term, these are some of the most important criteria to decide if investing is a good option:
Performance against a broader market
The first thing to consider when looking for the best cryptocurrency to invest in for the short term is how the digital token has performed against the broader market, which is generally compared to the price action of Bitcoin.
