A cryptocurrency is a form of electronic currency that is decentralized and not controlled by a single entity, such as a state. Blockchain technology is used instead, with bitcoin as the most prevalent kind of cryptocurrency. New choices are emerging as digital money gains popularity on Wall Street. More than 9,950 cryptocurrencies are now being traded on the open market.

Even though bitcoin may be used to buy goods and services, most people view it as an asset. It’s crucial to know what you’re getting yourself into before investing in this form of currency because some are considered to be volatile.

Here are some of the best cryptocurrencies considered to be a short term investment

Ethereum (ETH)

A network that enables developers to construct their own cryptocurrency on the network, Ethereum is one such example. Although Ethereum is lagging behind bitcoin in terms of market capitalization, it is still a long way ahead of its rivals.

Despite its late arrival on the scene compared to other cryptocurrencies, it has quickly risen to the top of the market because of its own technology. At the moment, it’s the most popular blockchain and the 2nd largest cryptocurrency after bitcoin. This year’s improvement, which is expected to acquire even more traction, might help it gain even more traction. Reducing the total amount of coins and making mining useless are the main goals of the update. Additionally, the Merge is likely to have a significant impact on Ethereum’s energy use.

Lucky Block ( LBLOCK )

According to research in the crypto market, Lucky Block’s LBLOCK coin is the leader when it comes to growth in the crypto market at the moment. The LBLOCK forecast looked good after gaining over 55,500 investors in its first ninety days of operation.

Many alterations have been made to the “crypto giveaway” concept throughout the years. Lucky Block is the latest version of a crypto giveaways, play to earn gaming and competitions platform that incorporates blockchain technology. Lucky Block aims to make crypto gaming more equitable and lucrative with fairer odds.

In addition to making money passively through staking rewards, LBLOCK cryptocurrency investors will receive free tickets to jackpot prize draws. The BEP-2 coin LBLOCK runs on the Binance Smart Chain. Nasdaq.com called LBLOCK a high upside crypto investment. If you’re interested in learning more about this currency and how its crypto and NFT giveaways work visit the LuckyBlock website to read the Litepaper.

Bitcoin (BTC)

There was no doubt that bitcoin would be mentioned in this list since it has been around since day 1. Because it has a bigger price and market value than any other cryptocurrency, it is clear why it is the market leader. Bitcoin is so big that it has even been made an official currency in some of the world’s poorest countries.

Because so many companies today recognize bitcoin as a form of payment, it’s a good idea to get in on the ground floor with this digital money. Bitcoin transactions may be made using Visa.  Large financial institutions are also beginning to accept bitcoin payments.

Also in 2021, Tesla announced that it had bought $1.5 billion in bitcoin and welcomed it as payment for its vehicles for a while, and it may do so again if mining is made more eco-friendly. Several news companies reported that Blockstream and Block are building a bitcoin production in Texas that will be fueled entirely by Tesla’s solar installation and Megapack battery.

There is no doubt in mind that Bitcoin is suitable for both long and short-term investments since it’s such a relevant currency in the crypto world. That being said, you should still take some time to conduct some research before investing. A little research always goes a long way when it comes to making a well-informed decision when investing your hard-earned money. If you’re interested in learning more, it’s advised that you check out this source of information about how to buy Bitcoin the right way.

Stellar

The evolution of financial-focused blockchain technology is embodied in Stellar. It might take weeks or months for cross-border transactions to be validated and settled using the current payment network. That’s only one reason Stellar has become so popular compared to other payment networks: its low transaction fees and fast processing times.

Litecoin

Litecoin is now the most talked-about cryptocurrency. There was widespread conjecture that a drop in availability would lead to increases in its price because of the vital role demand and supply play in the market system. Since its fork in 2011, LTC has grown in popularity as a result of its constant improvement.

Aave

Aave is an Ethereum-based decentralized lending network. Investors may utilize the system to lend, create revenue through lending, or loan, and they can also store Aave merely as a cryptocurrency. Passive revenues can be earned with the Aave system. In addition, borrowers can take advantage of the wide range of bond yields and borrowing options.