With the extreme fluctuations of the market, which digital currencies are most suitable for daily buying and selling?
Looking at the current state of the market, some digital currencies may be worth investing in short-term and day-to-day trading.
The dramatic increase in demand for digital currencies this year is no surprise. Since many people need secondary sources of income, the digital currency market has seen high demand and purchases as in the past. Although Bitcoin has always managed to catch the eye everywhere, there are other cryptocurrencies that can fit into your investment portfolio.
But looking at the current situation, we can say that digital currencies may soon be worth investing in. This article introduces the top 10 digital currencies that are suitable for day trading in the new year.
Avalanche digital currency
One of the main attractions of blockchain is its optimization and performance. Transactions through traditional methods such as banks may even take several days to be profitable. Blockchain projects like Avalanche have significantly accelerated this process by merging three networks. Avalanche is expected to be one of the most suitable currencies for daily trading in 2023
Ripple’s XRP is widely recognized for its ability to facilitate the exchange of a variety of currencies, including fiat currencies and other major cryptocurrencies. Also, its constant increase in value is enough reason for the potential of this digital currency to invest in the new year.
Since this digital currency was launched in 2013 under the name MemeCoin, nothing has stopped it. Since then, Dogecoin has evolved over time. And it has become one of the leading digital currencies in the entire digital currency market. That’s why big companies like Dallas Mavericks, Kronos and SpaceX rely on this digital currency. The presence of big buyers can indicate a good growth again for this currency.
The Solana protocol is designed to facilitate decentralized application (DApp) creation. It aims to improve scalability by introducing Proof-of-History (PoH) consensus along with Proof-of-Stake (PoS) consensus on the blockchain. Because of its innovative hybrid consensus model, Solana appeals to small and institutional traders alike. Its daily usage promises to be a suitable option for buying and selling.
FileCoin is like a file cabinet for Web3. FileCoin is a decentralized storage network that serves as a secure alternative to centralized cloud storage and a way to earn money. FileCoin also claims to be secure and reliable enough to store more sensitive information such as private company information and records.
Polkadot is one of the most popular digital currencies in the global market. But maybe you don’t know like many investors that this is a Web3 project. This network is known for its search scalability. Compared to Ether, it ranks higher in terms of receiving low fees and providing high speed. Due to its high position and gradual increase in market value, Polkadat can be the leader of the market and the leader of decentralized internet.
and is issued by a Hong Kong-based Tether company. The token’s peg to the US dollar is achieved by maintaining a total of commercial paper, escrow, cash, reserve bank notes and treasury bills in reserves equal in dollar
Ethereum started a sharp rally from the USD 1,600 level. Ethereum is up more than 15% and may even reject the US$1,700 resistance zone. This second largest digital currency has undoubtedly found its place in the list of top digital currencies worth investing in. There are many reasons why this altcoin has attracted attention. Its potential applications, especially smart contracts that are automatically executed when conditions are met, are one of the main reasons.
The US dollar coin has a set value of US$1 per coin. Each US dollar coin is backed by one US dollar in a separate bank account. This makes the USD coin a popular option for investors who want to avoid the volatility and price risk associated with major currencies such as Bitcoin and Ethereum. USD coin is one of the best digital currencies to buy before next summer to get rich.
Polygon introduced its version of the Ethereum Hardfork, which has made its price predictable. Finally, it reduces MATIC by burning coins. Polygon’s goal is to prevent the market from being overbought with token circulation and ultimately improve its overall value.
Disclaimer: The information presented in this article is solely the opinion of the author. It is not an investment recommendation and is provided for educational purposes only. By using this, you should know that a
This information does not constitute any investment or financial advice. Do your research and contact financial advisors before making an investment decision. To follow the price of digital currencies, follow the page of digital currency prices.