The cryptocurrency currency market has taken a step backwards since the recent recovery. After climbing as much as $ 1.528 trillion, the total value of the entire market has since fallen to $ 1.45 trillion. This is a 5% drop in one day, but most of the largest cryptocurrencies have remained in place last week. Ethereum (ETH) has risen by more than 14%, while dogecoin (DOGE) and ripple (XRP) have risen by 30% and 21%, respectively.
Given that much of the market is still declining a month ago, there is still a lot of potential for additional profits. As such, we have selected a list of the top five cryptocurrencies to buy the best short-term returns.
The 5 most popular encryption currencies for the best short-term return
1. Dogecoin (DOGE)
The Dogecoin (DOGE) is still a controversial cryptocurrency, but there is no doubt that it is prone to occasional short-term jumps. As noted above, it has risen sharply last week. It was $ 0.168 last Tuesday, but has since risen to $ 0.247. This is a 47 percent increase.
DOGE was not as high as $ 0.731 until May 8th. This means that its current price is 66% below its current ATH, and with the expansion it also means that DOGE still offers plenty of opportunities for short-term additional benefits. It will continue to benefit from an ever-growing number of fans and followers as Dogeco’s subReddit now hits 2.1 million subscribers.
A total of 2.1 million subscribers pic.twitter.com/nDFU5XRW29
– vino (@skewdotcom) June 23, 2021
The meme-oriented, seemingly faddish nature of dogecoin investment has provoked considerable criticism in the last few months. Nevertheless, it is still fashionable and well-supported encryption. This fact alone makes it one of the best cryptocurrencies to buy the best short-term return. Admittedly, it may not have much long-term potential, but its 10,000 percent increase over the past year indicates that it is exposed to some oversized growth bursts.
2. Ethereum Classic (ETC)
The Ethereum Classic (ETC) is one of the best performing cryptocurrencies in recent weeks. It rose almost 30% earlier today, To $ 61. It has since followed its downward steps to $ 55.75. However, this represents an increase of 52% over the last seven days.
A 52% increase is only good for a week. Still, ETC shows a lot of promises to experience a few more big short-term gains. It has continued to fall 66% from its all-time high of $ 167 set on May 6th. This is a larger decline than most major cryptocurrencies such as Bitcoin (BTC) and ethereum (ETH). As such, it is likely to recover more strongly in the short term.
Its performance is aided by various positive development news. For example, it is Magneto fork scrolling process, which since July will bring a number of improvements to gas charges and transaction types. It also optimizes the cryptocurrency for Ethereum miners who are likely to flock to ETC once Ethereum has completed its long-awaited transition to the input mechanism.
Increased mining will increase the safety and efficiency of Ethereum Classic as a network. This in turn can increase the price of ETC. So expect more short-term jumps as the market grows in price.
3. Solana (SOL)
Solana (SOL) is another cryptocurrency that has worked very well in recent weeks. At $ 32.37, it has risen 21% in the last seven days. It has also risen 13% last month and more than 3,500% last year.
Property information Blockchaincenter.net shows that SOL is one of the most successful altcoins in the last 90 days. It has risen 70% during this time, making it the fifth highest runner.
In line with other markets, SOL has fallen out of ATH. Its current price is 44% below the record high of $ 58.03 it set on May 18th.
Solana has attracted a lot of interest as a platform, so it has plenty of potential for big short-term gains. It is a blockchain platform that uses a unique proof of the history of the consensus mechanism, allowing it to stamp events at high speed. This mechanism makes it less energy intensive than Bitcoin and other proof coins, which is part of the reason why it has attracted interest. Tesla stopped accepting Bitcoin payments.
It has also witnessed quite a bit of adoption lately. For example, 21Shares in Switzerland launches world’s first Solana exchange-traded product (ETP) (which will be on the Swiss Six exchange) at the end of June.
4. Polygon (MATIC)
Polygon (MATIC) has plenty of substrate. In this case, however, this is a good thing. That’s $ 1.11, down 57% from ATH, which was set at $ 2.62 on May 18th. It has also fallen by almost 40% in the last month and 9% in the last 24 hours.
Although such declines are slightly above the market average, Polygon’s potential as a platform suggests that large short-term returns are likely in the coming weeks. MATIC has risen about 208% in the last 90 days, making it the third most successful encryption during this period. It is also 5500% more than last year, so it now has a large number of holders who are willing to raise the price upwards when conditions are favorable.
And as a platform for Polygon has attracted a significant amount of use and deployment. Most recently, it launched a general-purpose blockchain called Available, designed to provide scalable event data to chains.
1 / We are very excited to announce Availability – an important part of the whole new way future blockchains work. #Avail is a general-purpose, scalable data access-focused block chain for stand-alone chains, side chains, and off-chain scaling solutions. pic.twitter.com/xtsYKpJ3ur
– polygon (@ 0xPolygon) June 28, 2021
Also recently, artist Beeple chose Polygon’s new NFT platform as the scaling solution.
– polygon (@ 0xPolygon) June 27, 2021
5. Waves (waves)
The performance of WAVES in recent weeks has firmly placed its claim to be one of the best cryptocurrencies to buy the best short-term profits. It has risen 9% in the last 24 hours to $ 16.51. This also means a 32 percent increase last week and a 26.7 percent increase over the last 30 days.
Despite the success of most cryptocurrencies over the past 30 and 90 days, WAVES is still 61% lower than ATH. This gives it plenty of room to rise in the short term. And given Waves ’role as a platform – helping users create and launch custom accounts – it’s likely to grow as long as NFTs and DeFi continue to grow.
The Neutrino protocol, for example – a Waves-based platform that allows assets to be tagged – celebrated a total value of $ 1 billion that locked in at the end of April. As Waves continues to build its user base, expect it to experience more price increases.
Neutrino wins by exceeding $ 1 billion in TVL (total value locked)! Celebrate Are you celebrating this milestone? 🥂 pic.twitter.com/YYuDvSl5H0
– Neutrino protocol (@neutrino_proto) April 29, 2021