The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

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Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

Intermediate

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Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

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SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

Traders seem to expect BTC’s momentum could slow down a bit after the price hit over $97,000.

Positive sentiment has continued to fuel the cryptocurrency market as the expectation of further institutional adoption of 

 keeps growing. Options trading of BlackRock’s Spot Bitcoin ETF IBIT 

 with a bang, attracting almost $2 billion on the first day of trading. The hope of more spot ETF derivatives to change the market structure with additional institutional money onboarding crypto is high.

, we explored the possibility of the market being overleveraged, which could be painful if the current leverage unwinds. Data from CryptoQuant shows that the estimated leverage of the current BTC markets has reached another YTD high.

Derivatives data on Bybit shows that traders seem to expect that BTC’s momentum could slow down a bit after the price hit over $97,000, and are focusing more on downside protection.

Figure 1: Bitcoin estimated leverage ratio at 0.23. Source: CryptoQuant

BTC Options Open Interest Returns to Previous High While Perps Are Catching Up

Derivatives traders have been actively participating in BTC markets as 

 on Bybit has surged to over $3 billion, on par with the previous high on Nov 14, 2024. Although the options OI has increased, it still hasn’t surged above the previous high. At the time, BTC’s price had already jumped to over $97,000. If the OI doesn’t follow suit and break above the previous high in the coming days, this could be a sign that the market could become a bit exhausted — something for all market participants to be aware of.

Figure 2: Daily open interest for BTC options on Bybit. Source: Bybit

 have also seen increased open interest in recent days. Perpetuals have been among the most favorable products for day traders and short-term speculators. Rising open interest could indicate that more traders are looking for short-term profit, which could bring additional volatility to the market. 

Figure 3: Daily open interest for BTCUSDT Perpetuals on Bybit. Source: Bybit

Dec 27, 2024 remains the most popular expiration date for BTC Options on Bybit, with most of the open interest there. Within that expiration, $120,000 calls had the most OI, and $100,000 calls accumulated the second-largest OI. 

Figure 4: Open interest by strike for BTC Options with a Dec 27, 2024 expiration. Source: Bybit

Meanwhile, the market’s optimism that BTC will hit $100,000 by the end of the year seems to support the current price momentum. Shorter-dated options could show that traders are also looking for downside protection. The Bybit 

 page shows that BTC Options with a Nov 29, 2024 expiration have a strong 24-hour inflow to $90,000 puts. This could indicate that some traders are also anticipating some degree of price correction by the end of the month. 

Figure 5: 24-hour volume by strike for BTC Options with a Nov 29, 2024 expiration on Bybit. Source: Bybit

 for BTC Options on Bybit also indicates a possible downside protection in play among options traders. A smirk skew, or left skew, is a skew curve that’s steeper on one side (the left side) than the other. Traditionally, a smirk skew curve could mean that traders have been protecting their portfolios against a possible declining market. At the time of this writing (Nov 21, 2024), BTC Options contracts on Bybit with Nov 29, 2024 and Dec 27, 2024 expirations have both shown a smirk skew. However, this doesn’t necessarily mean traders are bearish on the price, and could just be part of the trading strategy. For example, traders could set up collars by buying out-of-the-money (OTM) puts and selling OTM calls simultaneously, so that they can profit in case BTC’s price drops, gain upside exposure and potentially offset the cost of buying the puts. 

Figure 6: Implied volatility of BTC Options with Nov 29, 2024 and Dec 27, 2024 expirations. Source: Bybit

The current BTC leverage trading may be complex, but tells a revealing narrative about market sentiment. The divergence between high leverage and increased hedging activities also reminds us that market dynamics are rarely straightforward, and adopting a 

 seems increasingly important in this diverse market.

: Investing in cryptocurrencies and their derivatives involves substantial risk of loss, and isn’t suitable for every investor. This article provides facts for educational purposes only, and does not represent any financial advice. Prior to making any investment decisions, please ensure you fully understand the risks involved and seek independent advice if necessary. Our customer support team is available to assist you with any inquiries.

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Learn From Smart Money: BTC’s Leverage Remains High as Traders Hedge Against Downside Risks

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Discover the 13 best cryptos for short-term gains in 2024, including Bitcoin, Ethereum, and Solana. Navigate the market and capitalize on quick profits.

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While most of 2024 has remained primarily 

, the cryptocurrency market is still highly volatile, leaving most investors uncertain about whether to 

The first Monday of August 2024 started out red. 

 in what’s being called “Bloody Monday.” Some experts are comparing this crash to a similar one that occurred in 2022, but the market corrected and went ahead to pump tremendously.

A crash like this can be scary, but it’s an opportune time for a savvy investor to accumulate more crypto assets at discounted prices, since the market often rebounds and you can make some impressive short-term gains.

Are you wondering if now is the best time to buy? We’ve compiled some of the best cryptos to buy now, tokens that have fallen in price but could be perfect for short-term trading as the market corrects. 

Which Crypto to Buy Today for the Short Term

In the following list, we’ll provide an overview of the best coins to invest in today, including their prices and 

, in order to help you leverage short-term trading for gains.

, it remains one of the best cryptos to buy in 2024. Since its entry into the crypto world, Bitcoin has remained the largest coin in terms of market cap, which now stands at $1.19 trillion (as of Aug 14, 2024).

Furthermore, Bitcoin is still number one in crypto rankings, a position it’s held for over 12 years. As a network, Bitcoin’s ecosystem continues to grow, with the recent additions of 

 boosting the coin's scalability and utility.

Bitcoin is a solid store of value and the best long-term crypto to buy. In the short term, it can provide considerably quick gains as the market bounces back.

, but 2024 has also been good for BTC. In January, we saw the 

, followed by a price rally for the coin. The successful 

 also helped boost investor confidence in Bitcoin, since mining the coin is becoming increasingly difficult, reducing the amount of coins in circulation and making Bitcoin even more valuable.

Additionally, Bitcoin is one of the most liquid assets in the crypto space, since it’s readily available on most crypto exchanges, including Bybit. There are numerous ways to trade and invest in Bitcoin on Bybit, such as 

As such, Bitcoin is among the best cryptos to buy right now because it’s secure, trustworthy and easy to transact on Bybit — which can lead to a good profit in the short term.

 (ETH) is one of the best coins to invest in today. Ethereum brought the crypto world the concept of 

 which has been a game changer, especially for developers, since they can create 

As a blockchain, Ethereum has been at the heart of 

 (NFTs), critical cornerstones of the crypto space. Ethereum now uses

 (PoS) consensus mechanism to validate transactions, which helps the network remain secure, robust and environmentally more responsible.

Ethereum has undergone numerous successful upgrades to improve the network and make it more scalable. Additionally, the proliferation of 

 have made it cheaper and faster to transact on Ethereum’s blockchain, boosting its scalability.

 in May 2024 has bolstered Ethereum's position in the crypto market. Investors are hopeful this development could be a catalyst to future ETH prices, since it opens the doors for investment within traditional finance.

Similar to Bitcoin, Ethereum is a highly liquid crypto asset readily available on Bybit. Not only is Bybit secure and user-friendly, but the platform also provides various options to buy Ethereum, such as Spot, Perpetuals contracts, One-Click Buy, USDC Futures and USDC Options. Ether's recent price drop provides a great entry point. As the market rebounds, the coin remains one of the best cryptos for quick profit.

Interoperability and security are vital for blockchain scalability, which is essential for 

 (AVAIL) blockchain is designed to help scale web3 by unifying blockchains through data availability, significantly improving efficiency.

Avail was initiated by Polygon Labs in 2020, and has come full circle in its pursuit of addressing user fragmentation, scalability issues and cumbersome cross-chain transactions facing web3.

At a price of $0.15 (as of Aug 14, 2024), and with a market cap of around $266.74 million, AVAIL is among the least expensive cryptos to purchase now. Communication between blockchains is becoming increasingly vital to scaling within web3, and Avail has the proper technological framework to support it.

AVAIL is readily available on Bybit as both a Spot pair and Perpetual contract. The project was also among the 15 assets 

 on Bybit Convert, bringing the total number of assets supported by this feature to over 280.

 facilitates the seamless conversion of assets at zero fees to help you take advantage of current market conditions efficiently and swiftly.

Our list of best cryptos to buy right now wouldn't be complete without a Solana-based meme coin — and MONGY is a perfect fit. Mongy is a trending meme ecosystem that powers a suite of entertainment products, including MONGY, a cat-monkey sent to the Bune galaxy to find bananas that will save humanity. 

 involves three easy steps. Once it’s created, you can use it as your 

 and go on your first mission, which could qualify you for an 

, have performed extremely well in 2024. At a price of $0.006 and with a market cap of $6 million, MONGY is one of the best meme coins to buy now, and could provide you with a good profit as the market rebounds. Furthermore, the Mongy project targets the larger entertainment space with products such as a meme generator, a short movie series and a Telegram-based game, all of which bring real-world utility to the meme coin.

As one of the top trending meme coins with actual utility, MONGY is one of the best new cryptos to buy, with the potential to do well in optimal bull conditions. You can buy it on 

, where you'll get to experience the platform's innovative technology that lets you execute hassle-free smart trades to maximize your potential returns. Bybit is also holding a 

 through Aug 30, 2024, 7AM UTC, with 32,000,000 MEME2O points up for grabs.

 was founded by Telegram as an environmentally friendly way to onboard billions of users into the blockchain world. The platform supports cheap and fast microtransactions designed for everyday users. It’s a community-focused project that uses a PoS consensus mechanism to validate transactions.

Since TON is embedded into the easy-to-use Telegram app, you can conveniently trade and store your assets, which makes it attractive to crypto enthusiasts, including those with zero-to-minimal knowledge of blockchain.

Toncoin (TON) is one of the best cryptocurrencies to invest in for the short term, since it’s dropped in price to trade at $6.12 with a market cap of $15.8 million (as of Aug 12, 2024). Moreover, TON could pump quickly once the market is back in the green. Toncoin is continuously working to make life easy for crypto enthusiasts, and in-ad payments on Telegram could be paid for using TON as proof of this vision.

You can buy TON on Bybit's Spot trading platform. Right now, you can participate in Bybit's 

 event: Earn up to 200 TON tokens for each friend you successfully refer to the platform. Running through Aug 15, 2024, 9:59PM UTC, this event provides a perfect opportunity to add to your Toncoin stash, which could be worth a significant amount in a bull run.

 (TAO) is the best artificial intelligence (AI) crypto to buy right now, due to its strategic value proposition of providing decentralized machine learning (ML) algorithms for AI applications. AI is one of the hottest trends in the tech space right now, and its demand has exploded recently.

Bittensor provides a decentralized marketplace where providers and consumers of AI products can interact. Closely designed to resemble BTC’s architecture, Bittensor has a maximum supply of 21 million native TAO tokens, which play a crucial role in powering the project’s ecosystem, including rewards for miners.

As mentioned, Bittensor is strategically placed to provide value to the fast-growing AI niche by providing decentralized ML algorithms to create AI apps. You can purchase TAO as a Perpetual contract on Bybit, after which you can choose to trade for short-term gains or hold long-term by staking to secure Bittensor’s network for rewards.

 niche can be lucrative, with play-to-earn games attracting millions of crypto enthusiasts looking to make an extra buck. One of the newest games in the niche is 

 (P2E) adventures have already attracted over 26 million users.

This Telegram mini-game lets users participate in cat-themed games on the social media app to earn rewards. The game’s broader vision is to create a more complex universe, fully immersing players in lucrative play to earn adventures in which they receive airdrops for activities.

CATI is one of the best new cryptos to buy right now, especially since it hasn’t yet launched but is available for 

 on Bybit. Through Pre-Market Trading, you’ll gain early access to this crypto gem before it’s listed for Spot trading on Bybit. This places you ahead of the crowd, since it could provide you with significant returns in the future.

Another excellent long-term crypto to buy is 

 (SOL), which has remained a strong player in the crypto world. As a blockchain, Solana provides a high-performance platform that combines scalability, decentralization and security for developing DApps.

Solana has remained a worthy contender to Ethereum. Its market cap of $67.55 billion (as of Aug 14, 2024) places it in the fifth position in crypto rankings. Solana is a developer's haven due to its support for smart contracts, DApps, NFTs and DeFi.

For the Solana ecosystem, 2024 has been a good year. Its meme coins have been making waves in the crypto world with their exemplary performance. Anytime the market turns green, SOL is one of the coins that pumps, making it one of the best cryptos for quick profit.

Furthermore, SOL is readily available on top-tier exchanges such as Bybit, where you can seamlessly access and trade this token. Bybit offers many options for investing in Solana, including Spot, Perpetual contract, One-Click Buy, USDC Futures and USDC Options.

Designed to facilitate cheap and fast cross-border payments, 

 has consistently remained in the top ten in crypto rankings. As the native digital asset for Ripple, XRP is a widely accepted payment method for merchants, and provides a solid alternative to global remittances as compared to traditional financial systems. XRP’s price experienced a boost in July 2023 when Ripple largely won its lawsuit against the SEC as a judge ruled that XRP wasn't a security.

Designed by Ripple Labs, XRP remains one of the best and least expensive cryptos to buy now at a price of $0.587, with a market cap of around $32 billion (as of Aug 14, 2024). XRP remains a blue chip crypto so its price is less prone to volatility, and it could be among the best-performing tokens in a bull run. You can purchase XRP on Bybit's Spot trading terminal, and as a Perpetual contract.

, since you can use your locked-up assets to secure other blockchains and earn passive income for doing so. 

 (EIGEN) is a liquid restaking protocol on Ethereum that helps you earn extra rewards from your staked ETH by letting you use the locked funds for other DeFi activities. Its protocol has become popular among ETH users, who find its products a capital-efficient way to leverage their ETH tokens to make an extra buck while still securing the Ethereum blockchain.

EIGEN is one of the best cryptos to invest in right now since there's growing demand for ETH restocking products, especially with the heightened activity on Ethereum. Better yet, EIGEN has been listed on Bybit 

 — a perfect way for you to get a head start with trading this trending token before it’s officially listed on 

 (L3) is a protocol that seeks to incentivize and engage users with gamifying Quests, as users receive rewards in the form of tokens or NFTs. Founded in 2021, Layer3 seeks to capitalize on the internet’s attention economy and make it accessible to the masses. Layer3 offers Quests in the form of bite-sized lessons on crypto topics, and also offers tools for easy integration into platforms to power their loyalty programs.

At a price of $0.048 and with a market cap of $18.49 million (as of Aug 14, 2024), Layer3 is one of the best cheap cryptos to buy now to make you a quick profit once the market bounces back.

The project's innovative architecture strategically positions it to lead the $1 trillion internet attention economy. You can purchase L3 on Bybit as a Perpetual contract with up to 12.5X leverage.

 is a Layer2 protocol that focuses on Ethereum’s web3 gaming economy. It’s powered by

 to help scale and address some of the challenges faced by web3 gaming developers. Anchored on the vision of the Optimism Superchain, Ancient8 aims to provide low-cost and fast on-chain gaming development for the seamless integration of web3 games by developers.

Trading at $0.109 with a market cap of $21.21 million (as of Aug 14, 2024), Ancient8 is one of the best cheap cryptos to buy now due to its rapidly expanding ecosystem and its in-demand value proposition for the web3 gaming economy.

You can buy A8 on Bybit’s Spot trading platform or as a Perpetual contract. A8 has also been added to Bybit Convert, so you can convert your assets quickly at zero fees.

is a decentralized marketplace for cloud computing resources. Developers can access these resources cheaply and securely to power their AI applications. With steep demand for AI services and models, big corporations dominate the niche, often leaving little room for upcoming AI and ML developers. Akash allows providers to rent out their idle hardware and to receive an income once developers deploy.

AKT remains a good AI crypto to buy because of the growing demand for computing resources to power AI projects, especially in the crypto world. Trading at $2.73 with a market cap of $676 million, AKT is at a good entry point, and could provide good gains once the market bounces back. You can trade AKT as a Perpetual contract on Bybit’s easy-to-use Derivatives terminal.

With over 15,000 digital assets (and counting), identifying the best cryptocurrency to invest in can be overwhelming. Since new coins and tokens are emerging regularly amid the ever-present risk of 

, making informed decisions before investing is crucial.

The right cryptocurrency can offer significant returns, but the wrong one can lead to substantial losses. Let's look at how to choose the best crypto to buy, focusing on critical factors like tokenomics, availability and liquidity, sector potential, use cases and the strength of the coins’ development teams.

 — the economic model behind a cryptocurrency — is one of the first things to analyze before making an investment. It encompasses various aspects, such as the coin's total supply, distribution, 

 mechanisms, and mechanisms for rewarding participants in the coin’s ecosystem.

A well-designed tokenomics model ensures the longevity and sustainability of a cryptocurrency. For instance, Bitcoin’s deflationary model, with a maximum supply of 21 million coins, has contributed to its 

 narrative, making it a go-to asset for long-term investors. On the other hand, some cryptocurrencies have inflationary models that constantly increase their supply, which can dilute value over time.

Before investing, consider the following questions:

Understanding a cryptocurrency's tokenomics will give you insight into its potential for growth and its ability to sustain its value over time.

Availability and liquidity are crucial factors that can significantly impact your investment. A cryptocurrency with high liquidity and availability is generally more stable and less prone to extreme price fluctuations. 

 refers to how easily you can buy or sell a cryptocurrency without affecting its price, while availability refers to the ease of access to the cryptocurrency on various exchanges.

A cryptocurrency that’s listed on multiple reputable exchanges and has high trading volumes indicates a strong market interest and confidence in the asset. This also means that you can enter and exit positions with minimal 

, reducing the risk of losing money during trades.

Choosing a cryptocurrency with high availability and liquidity ensures that your investment is not only accessible, but also safer from extreme volatility.

The potential of the sector in which a cryptocurrency operates plays a significant role in its long-term success. Cryptocurrencies that lead or are pioneers in their respective sectors tend to have a better chance of sustaining value and growing over time.

For instance, blue chip cryptos like Bitcoin, Ethereum and Solana are solid pillars in their respective sectors.

When evaluating sector potential, ask yourself:

13 Best Cryptos to Buy Today for Short-Term Gains in 2024

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