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If you’re looking to make some short-term gains in the crypto market, then you’ll need to know which coins to buy today. Check out our latest blog post for our top picks.
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Bitcoin
Bitcoin is the most popular and well-known cryptocurrency, and it was one of the first to appear on the market. Bitcoin is often used as a store of value or an investment, and it has also been used for making purchases. Bitcoin is frequently mentioned in the media, and it has a high market capitalization.
Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
Litecoin
Litecoin is a cryptocurrency that is similar to Bitcoin in many ways but has a few key differences. One of those differences is that it can generate blocks four times faster than Bitcoin. That means transactions are processed more quickly and there is less of a chance of network congestion.
Litecoin also uses a different proof-of-work algorithm than Bitcoin, which means it can be mined using regular CPUs and GPUs instead of specialized ASICs. And because there are more Litecoins in circulation, it’s more affordable for smaller transactions.
All of these factors make Litecoin an attractive option for investors looking for short-term gains.
Bitcoin Cash
Bitcoin Cash (BCH) is one of the most popular cryptos today and for good reason. It has all the benefits of Bitcoin with some added features that make it even better. For one, it has a larger block size which allows for faster transaction times. And, it also uses a different mining algorithm that is ASIC resistant, meaning that anyone can mine it without needing special equipment. This makes it more decentralised and gives everyone a fair chance at earning rewards.
Right now, BCH is trading at around $350 and many believe that it still has a lot of upside potential. So, if you’re looking to buy a crypto for short term gains, BCH is definitely one to consider.
