The post Winter Portfolio List, Best Crypto To Trade, Hold Or Join Fantasy Contests appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Whether you want to trade crypto or participate in fantasy trading contests, this list of best crypto coins to use this winter can help you!
An average investor in cryptocurrencies looks for the best coins to trade and profit from on the market.
However, the new trend of fantasy contests seems to attract more traders now more than ever by offering a fresh formula.
It involves competing against other people and proving your trading skill to choose currencies that will perform better.
Some fantasy trading sessions, such as head-to-head matches on StockBattle, can last only 15 minutes.
These short-term duels offer an incredible adrenaline rush while you follow the live scoring table. They also allow you to double up your revenue faster than on the trading market.
If you want to win fantasy contests, you need to pick the right crypto coins. Your aim is to choose those currencies that will perform better than your opponent’s during the competition.
The process of picking is similar to choosing crypto for a short-term profit on the actual trading market. If you could use some inspiration, check out the list of best crypto coins to use this winter below!
Bitcoin is the most obvious choice, but there is a reason why it found itself in the first place. This is a coin that can still generate significant profit in both the short and long runs.
If we are talking about short-term performance, BTC value can change by +/-$1K in only 24 hours. That volatility is what can generate significant points in fantasy contests.
Those who want to use that advantage need to observe the Bitcoin price fluctuations in the last several hours. StockBattle is a convenient platform to analyze value changes because it offers graphs for different timeframes.
You can check the price movement of a particular coin in the last 15 minutes or an entire hour. Based on that analysis, you can pick whether to follow the trend or go against it.
This is valuable insight on how to integrate Bitcoin into your crypto portfolio for a fantasy finance contest. And if you don’t have much experience with graphs, this is the perfect opportunity to learn.
You’ll discover how volatility works and become comfortable with reading charts to find out more about a particular crypto.
What if you prefer a fantasy finance platform where competitions last longer? The good news is that BTC is a fine choice in the long run too.
If you are patient enough, you have a good chance of profiting from Bitcoin’s value increase. Although this crypto has had a bumpy ride over the years, it keeps reaching new highs.
That’s why investors and fantasy competitors can’t afford to exclude it when selecting crypto for their portfolios.
Solana might be the most promising crypto currently available on the market. This cryptocurrency only launched in 2020, but it has made a huge success in the market so far.
It has made the top-ten list when it comes to the market cap, which only supports the currency’s potential.
This crypto might become the biggest threat to Ethereum, which has been the most reputable altcoin for years.
The advantage of Solana lies in offering a fast blockchain and a decentralized payment solution with low costs.
If you analyze the time between May and November 2021, you’ll discover that the value of SOL increased by over 600%.
All these factors indicate that this crypto is a smart choice for fantasy trading contest participants this winter.
Polkadot is a currency launched with an interesting idea. It offers a network that integrates different blockchains and allows them to work together.
This has revolutionary potential because it can change how we’ll manage cryptocurrencies in the future.
It didn’t take long for the public to recognize this great idea from the creators. Polkadot first appeared in August 2020, and its initial value was around $2.75.
In November 2021, DOT broke the $50 mark, which means its price increased over 18 times in the meantime.
The currency probably has a stabilizing time ahead of itself, but it’s hard to see that it will face significant drops.
That makes it a smart choice for fantasy contests, although you’ll need to pick the right momentum for short-term performance.
Binance Coin (BNB)
If you are into crypto, you probably heard about Binance.
This platform has become the biggest cryptocurrency exchange since it processes over a million transactions each second. The company issued its Binance Coin, which also had great results in the last year.
BNB hit the market in 2017, but we are only seeing its true breakthrough now. The reason behind this is that the company launched a range of new functionalities.
That includes Trust Wallet, Binance Smart Chain, and other projects which aim to revolutionize the world’s finances.
Binance Coin is integral to all the platform’s plans, which explains why its value exceeded $650 in 2021. As a comparison, that’s 23 times the value of this coin in 2017 ($28.1).
If things continue going well for Binance, there’s no doubt that BNB price will keep going up, too.
Cardano says all the right things on its official website. The project’s goal is to move the power from centralized structures to individuals.
It should ensure the world works better for all, and that includes a fair, transparent, and secure society.
The founders used famous scientist names for the project and the token (ADA). However, it seems that the name of Charles Hoskinson among the founders is what attracts the investors.
Hoskinson participated in creating Ethereum and is now having huge success with Cardano. The moment Hoskinson announced the launch of the “Alonzo” hard fork, the ADA token went up.
Now that smart contracts are a part of the network, and odds are the coin’s price will continue increasing.
What Other Crypto Coins Are Worth Considering?
You need to understand that crypto tokens are very volatile. That makes it hard to give any long-term prognosis. It’s why adapting to the market is crucial.
That being said, here are some educated guesses on which currencies are a smart bet for this winter:
- Ethereum. It has kept the spot of the most-valued altcoin for years. This is less likely to change in the coming months.
- Tether. If you feel like stablecoins are worth considering, Tether seems to be the smartest pick. It has the fourth biggest market cap, which makes it quite reliable.
- XRP. Ripple uses this currency, so it’s natural to expect it will at least keep its stability in the coming months.
- Dogecoin. Many celebrities seem engaged in Dogecoin, and they contributed to its price increase before. This is a scenario that could happen again, so make sure to keep a close eye on DOGE.
- Litecoin. LTC has been around for a decade. Despite that, it seems like it still hasn’t reached its full potential.
These currencies can be a smart pick for actual trading.
You can test them first by competing against other players in fantasy tournaments. It’s an excellent way to get to know various coins and understand the market better.
Other Tips on Choosing Crypto for Fantasy Trading Contests
You might feel ready for fantasy contests, but before you start, here are some extra tips to help:
- Make sure you understand the rules. Each competition has a clear rulebook, and you should read it first. That will ensure you understand how everything works. It’s the basic requirement for choosing the strongest portfolio.
- Check the latest news. Crypto coins are volatile, and each relevant piece of information could affect their value. Keeping track of the latest events can give you the edge over the competitors.
- Experiment with different approaches. If your portfolio includes five crypto or stocks, there are different ways to choose them. For example, pick one you believe will bring a huge plus, and choose stable currencies for the remaining selection. It’s all up to you to find the playing style that fits your preference.
The only remaining thing is to find a suitable fantasy finance platform. If short-term matches against a single opponent sounds exciting, StockBattle is right up your alley.
You’ll love how exciting 15-minute competitions are, especially with real-time score tracking. If you prove to be a better participant, you’ll virtually double up your investment in minimal time.
As a cherry on top, you’ll learn about currency graphs and crypto volatility.
Don’t hesitate to try fantasy contests and see why they are a big hit among beginners and experienced traders!