The sixth month of 2023 approaches, and most cryptocurrency markets are either in the red or barely advancing as the year draws to a close. Our article discusses the best cryptocurrency to invest in December 2023 for short term. Crypto traders and investors may have yet to realize the value of some digital assets, despite their low cost per unit and the fact that they are relatively new to this market.
Cheap Cryptocurrencies To Invest In December 2023
In Finbold’s analysis, the company has identified the most promising cryptocurrencies that (still) have a bright future ahead of them by studying the market. Despite their low price per the whole coin, they should make their way onto everyone’s shopping list by December 2023.
Top 5 Cryptocurrency To Invest In 2023
Although cryptocurrency can be used for purchases, most people use it for long-term investments. Last year, the freefall of cryptocurrencies, including those pegged to the U.S. dollar, demonstrated the risk associated with investing in cryptocurrencies. Therefore, it is imperative that you understand precisely what you are getting into prior to investing.
List Of Best Cryptocurrency To Invest For Short Term
- XRP transaction (XRP)
- Cardano payment system (ADA)
- Tron (TRX) cryptocurrency
- Using polygon (MATIC)
- Dotted Polkadots
01. XRP Transaction (XRP)
As the widely publicized lawsuit between Ripple and the Securities and Exchange Commission (SEC) approaches a conclusion in Ripple’s favor, the token at its center, XRP, is likely to rise significantly if this happens, so now may be an excellent time to buy it.
The XRP token trading at $0.46 was down 1.47% during the past 24 hours but was up 1.29% over the previous seven days.
02. Cardano Payment System (ADA)
The Cardano team has been busy developing the proof-of-stake (PoS) blockchain behind peer-to-peer transactions. This has resulted in a huge increase in decentralized applications (dApps), crypto wallets, whale accumulation, and staking value.
Even though Cardano might rise in price, it lost 0.98% on the day and 0.05% over the week.
03. Tron (TRX) Cryptocurrency
The TRON (TRX) cryptocurrency has also recently outperformed all other crypto assets on AltRank based on social, market, and price activity. Compared to the crypto market, this list shows the top 5,242 cryptocurrencies by social and market activity.
As one of Finbold’s top cryptos under $0.10, TRON currently trades at $0.08, down 1% from yesterday but posting significant gains of 9.88% over the last week and 17.43% over the past month.
04. Using Polygon (MATIC)
The company recently announced skim optimizations, as well as a 20% reduction in transaction fees, which could result in bullish price action for Polygon (MATIC).
As of $0.87, Polygon is trading down 1.23% today, though it is up 2.42% for the week as it attempts to reverse the monthly drop of 11.89%.
05. Dotted Polkadots
As a result of the Ledger cold storage security flaw, many former users of the service have moved away from it, and many are now considering Polkadot (DOT) and its Vault app instead. Cold storage solution in airplane mode that transforms a phone into an air-gapped wallet, giving the blockchain’s token a boost.
Polkadot is now trading at $5.30 after losing 1.43% in the past 24 hours but gaining 0.07% in the last seven days as it attempts to reverse its decline of 10.51%.
Conclusion Of Best Cryptocurrency To Invest In December 2023
Smart investors should not let low prices of digital assets deter them from investigating them further before investing. Even a few hundred dollars could turn a person into a multi-millionaire, as demonstrated by recent (also very cheap) cryptos.