In our latest Learn 101 livestream session, we gathered an esteemed panel of crypto experts to share insights on whether BTC will soar to $100K by 2024.

The extreme volatility of Bitcoin and periods of strong growth throughout its history have created substantial wealth for many investors. Bitcoin breached $70,000 earlier in 2024, and many investors are eagerly awaiting price movement to $100,000.

, we ask, “Will Bitcoin Soar to $100K by 2024?”

, provides a recap of our Learn 101 livestreams, offering you comprehensive expertise and insights from leading figures in the crypto industry in case you miss the livestream.

Joining the livestream on Sep 11, 2024 were four distinguished guests:

Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores if Bitcoin’s price will reach $100K by 2024.

Bitcoin's Journey — Looking Back to Look Forward

At the start of the livestream, Michael Ionita created an automated trading order to demonstrate how easy it is. It remained running in the background until the end of the stream, when our guests reviewed the order.

Throughout the years, Bitcoin’s price has been influenced by the Jackson Hole Economic Symposium, government policy, ETF applications and other factors. Henrique Centieiro stated that short-term macroeconomics are impacted by the Federal Reserve. The economy is currently relatively shaky, and he anticipates more money will be printed. When this last took place, the stock market shot up, and Bitcoin’s price increased substantially. Centieiro attributes this to the level of increased money in circulation.

Referring to a chart that shows a correlation between lowered U.S. interest rates and Bitcoin’s price, Ionita demonstrated that increased money supply has boosted Bitcoin’s prices.

Jerry Li is bullish over the next six months. He reminded us that inflation weakens both the U.S. dollar and purchasing power, and as interest rates drop, he sees a correction in the crypto market that will positively affect Bitcoin’s price.

Centieiro stated that some people will take profits during the rate adjustment. He believes that the next month may be bearish, but there will then be a bull rush.

Ionita said that the market has been impacted by Russia’s new Bitcoin policy, asserting that this is bringing more funds into Bitcoin. However, many people in Russia are holding Bitcoin on a short-term basis because they’re making purchases with it. This makes Russia’s policy impact both bullish and bearish: Ionita maintains that other countries may act on this by prohibiting or limiting Bitcoin because of world events.

Meanwhile, Centieiro stated that the amount of money being kept on exchanges is at an all-time low, which means people are holding for a longer period of time. Bitcoin miners continue to invest in mining equipment. In addition, Michael Saylor has stated that Bitcoin’s price will reach 

Li drew attention to the fact that recently, hash power has increased dramatically, which is attributable to the entrance of more people and countries into the crypto market.

Ionita described the Bitcoin Spot ETF rally of 100%, attributing it to massive public interest. He believes BTC’s price is being heavily restricted because of this huge interest, and expects its price to rise by the end of October, based on the interest in Bitcoin Spot ETFs.

Centieiro said that there’s a lag as money managers decide whether to invest or not. Adding Bitcoin to a fund, even in small amounts, increases diversity and lower risks. He believes this is a win-win situation for money managers.

Li reminded us that Bitcoin will definitely reach $100,000 at some point, but nobody knows when. The upcoming U.S. election may drive its price up, but it could also bring greater volatility. Other catalysts may drive the price up as well.

Ionita referred to his screen again, saying that it’s hard to predict a price for something with multiple variables. However, he referred to the Fibonacci cycle for the current market, which reveals a Bitcoin price prediction between $200,000 to $300,000, adding that it’s impossible to predict the time frame. The average cycle time, however, is 1,069 days, which would extrapolate to the end of October 2025, but this time frame is fuzzy. He believes $200,000 is realistic for the cycle.

Centieiro described some price movement obstacles that have prevented Bitcoin’s price increase or slowed the time frame for BTC hitting $100,000 — the uncertainty of the U.S. election, for one. He also referred to a chart showing a lower flow in market-based mining activity. This indicates a type of magnet for the price. Centieiro also introduced a power log that shows BItcoin’s price should currently be around $90,000. He believes the current price is a pressure cooker, and the price will therefore greatly increase.

Zitane said the main risks that could stymie BTC price growth are regulatory uncertainty, economic instability and military conflicts, among others, directly affecting BTC’s price.

Ionita added that investors should get out of any risky asset in a downturn in order to prevent loss. He stressed the importance of understanding that both BTC and the U.S. dollar are preferred as investments in different situations, and showed a graph indicating that dollar-cost averaging (DCA) isn’t a wise approach for risky assets.

Li, however, stated that he uses DCA. He believes it’s a healthy strategy over a long period of time, due to his confidence that Bitcoin’s price will eventually go back up after a dip.

Centieiro agreed with Ionita that it’s not advisable to use DCA for an asset that’s going to zero. However, he doesn’t believe that Bitcoin will ever go to zero. Centieiro believes in DCA as a solid, long-term strategy to smooth out BTC market volatility.

Zitane has a simple strategy: he only uses DCA. He makes a purchase, and then buys again if the price goes down. He pays attention to the news, keeps buying when the price goes down and continues to reduce his average price.

Ionita reminded us that you can make more money with manual trading if you know what you’re doing. Most people aren’t professional traders, though, and can get wrecked in a bear market if they don’t stay on top of things. He recommends that these traders use an automated algorithm.

Smart Trading — Entering and Exiting with Confidence

Centieiro explained how he enters a trade: he buys BTC and holds it for at least a few years, looking for a relatively cheaper price as compared to previous prices. This is determined by a look at the 200-day moving average. He also looks at the Crypto Fear & Greed Index. Centieiro explained that investors must decide how long they plan to hold BTC 

 buying it. He invests a portion of his investment amount at one time, and spreads the rest of his investment out over several weeks.

Ionita, however, holds his BTC over several months. He looks at Fibonacci and other charts to invest funds in BTC and several other assets, based on risk. He maintains a specific allocation, with more allocation to the least risky assets.

This session of the Learn 101 livestream highlighted “Will Bitcoin Soar to $100K by 2024?”

As part of the livestream, Bybit is holding an 

 that offers you a chance to participate in our pop quiz and win a share of 300 USDT in airdrops. The event period is through September 18, 2024, 11:59PM UTC.

Stay tuned for more discussions on the dynamic world of cryptocurrencies!

Intermediate

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Learn Live ICYMI: Will Bitcoin Soar to $100K by 2024?

Self Chain (SLF) is a Layer 1 network that provides a cross-chain keyless wallet solution, along with modular intent-based transaction execution capabilities.

 can be tedious and frustrating, especially for beginners. At the same time, careful private key management is crucial if the user wants to avoid security breaches or the loss of access to their wallet. 

Wouldn't it be great if you could transact securely on blockchains using your social media logins while also enjoying the cryptographic protection features provided by crypto wallets? And without the need for private key or 

This is exactly what Self Chain (SLF), an innovative 

 blockchain project, offers to the crypto user community.

multi-party computation — threshold signature scheme

 (MPC-TSS), Self Chain offers keyless wallet services that let you transact across multiple chains and applications. Additionally, its solution comes with a large language model (LLM) intent-based chat assistant to find you the best deals and transaction options in the cryptocurrency world.

 (SLF) is a decentralized platform that describes itself as the first modular intent-centric access Layer 1 blockchain. 

It provides two key services: an AI-driven chat assistant that helps users carry out intent-based transactions, and a keyless wallet solution that facilitates multichain logins and transactions without the need for private key or seed phrase management. Self Chain’s Layer 1 network is based on the popular Cosmos SDK blockchain development framework. 

 (ATOM) ecosystem, Self Chain uses the delegated proof of stake (DPoS) block processing method, with validator nodes securing the network.

The project was initially called Frontier (FRONT). It began its network operations with the launch of an incentivized testnet in April 2021. In mid-2024, Frontier was rebranded to Self Chain and launched its mainnet.

Self Chain's AI chat assistant accepts voice and textual inputs from the user, and searches multiple blockchain platforms and 

 (DApps) to find the best possible deals. This service can be used in various areas, including 

 (DeFi). For instance, crypto gamers can use Self Chain’s intent-based search for the best deals on gaming 

 assets, while DeFi traders can instruct the assistant to find the best rates for specific coin swaps.

The platform's keyless wallet infrastructure service allows users to securely use email- and social media–based 

 logins to blockchain apps and platforms. This is enabled by splitting the wallet's seed phase into three parts, each stored separately — one encrypted on the user's device, the second encrypted and stored on the Self Chain network in a decentralized manner and the third reserved for wallet recovery purposes..

The platform's chat assistant is based on an LLM model that transforms user inputs into signed automated intent instructions. These instructions are passed to Intent Searchers, entities that scout the blockchain ecosystem for the best deals and most efficient paths for the intended transaction. Once the optimal source is found, Intent Searchers pass the request to intent solvers, whose job is to execute the transaction.

Blockchain DApps that aspire to become Searchers and solvers within the Self Chain ecosystem can use the Intent DSL SDK, a development framework offered by the platform. Using the SDK, DApps can integrate into the platform's architecture and translate user intent commands into executable searches and transactions.

The Self Chain keyless wallet service is powered by MPC-TSS technology, which permits splitting the user's private key, seed phrase or other secret identifier into multiple fractions, each stored independently to avoid a single point of failure. As a security technology, MPC-TSS predates blockchain, and can be applied in a chain-agnostic manner.

In Self Chain's implementation of MPC-TSS, there are three seed phrase fractions, with the two main ones — the Personal Share and the Remote Share — held on the user's device and the blockchain, respectively. When an operation is carried out, the Personal Share is matched against the Remote Share to facilitate the transaction. A network of MPC nodes encrypts the Remote Share in a distributed fashion to further enhance the security of operations.

The third fraction — the Recovery Share — is used solely to restore access to the user's device or add a new device.

Thanks to this chain-agnostic keyless system, users can retain the self-custody of their wallets, enjoy the security of the blockchain's cryptographic protection and use keyless logins on a myriad of platforms.

Self Chain lets users enjoy multichain account abstraction (AA), whereby wallets can carry out complex operations without you needing to worry about the specifics of underlying technology. For example, Self Chain–based wallets can execute bundled transactions, carry out cross-chain operations and optimize gas fees, all without user intervention.

What Is the Self Chain Crypto Token (SLF)?

During the project's mid-2024 rebranding from Frontier to Self Chain, its native cryptocurrency was migrated from the FRONT token on the 

 (BNB) to the SLF coin, native to the Self Chain's Layer 1 network. The migration was announced in late August 2024, and as of the time of this writing (Sep 16, 2024), FRONT holders can still migrate their tokens, with no specific conversion deadline provided by the project team.

SLF is used for a wide variety of functions on the Self Chain platform, including the following:

SLF has a total and maximum supply of 360 million. The coin's supply allocation shares are per the chart below:

The SLF coin is available on Bybit as a Perpetual contract with USDT (

). Under this contract, you can trade SLF with up to 12.5x leverage.

Self Chain's innovative system simplifies keyless multichain web3 access, while the versatile LLM assistant helps efficiently interpret user intent to conduct diverse transactions across networks. This is a functional set that few other projects in the industry can provide. In particular, the keyless wallet solution is something that truly sets Self Chain apart. 

While there are a few crypto projects that utilize an intent-focused approach and AI-based chat assistants, Self Chain’s keyless functionality is a rare feature that will undoubtedly attract interest from a variety of users. Navigating myriad DApps and networks and transacting on them without the need for meticulous private key management has just gotten a lot easier — all thanks to Self Chain and its implementation of MPC-TSS.

Advanced

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Self Chain (SLF): The Future of Secure Private Key Recovery

Stacks is integrating with the Aptos Network to bring Bitcoin's utility to decentralized applications through sBTC, a 1:1 Bitcoin-backed token.

The SPX index was up by 0.03%, with key sectors underperforming, including healthcare, consumer staples, and real estate, while energy, consumer discretionary, and industrial stocks outperformed. Coindesk Indices, an index measuring broader cryptocurrency market performance, was up by 2.95%, with Bitcoin and Ether rising by 3.62% and 3.16%, respectively, in the past 24 hours.

Today's top performer is SAGA, which surged 27.3% following its announcement of a new economic model focused on sharing in project success rather than charging gas fees.

Saga (SAGA), founded in 2021, is a Layer 1 blockchain protocol that allows developers to create customized chains for their applications, providing shared security and scaling solutions. 

 focuses on sharing in the success of projects built on its platform, rather than charging gas fees. Projects can launch cheaply on Saga's chainlets, and Saga takes a small cut of token activity once bridged through its infrastructure. As projects grow and their tokens become valuable, Saga can hold, use, or sell these tokens to fund ecosystem growth and buy back $SAGA tokens. This creates a network effect where success drives further success, positioning Saga as a key platform for value generation in web3.

Check Out the Latest Prices, Charts, and Data of 

 to bring Bitcoin's utility to decentralized applications through sBTC, a 1:1 Bitcoin-backed token. This integration allows Bitcoin to be used beyond a store of value, enabling participation in DeFi, gaming, AI, and social platforms on Aptos. The integration follows the resolution of an SEC investigation into Stacks, clearing the path for further Bitcoin scaling advancements. Stacks' recent Nakamoto upgrade has improved its transaction speeds and block production, facilitating this new cross-chain capability.

Yesterday, The total flow for BTC Spot ETFs was $186.8 million, with $0 from GBTC and $186.8 million from non-GBTC sources.

 on Optimism’s OP Mainnet, with 185 million WCT tokens being airdropped to users. The airdrop registration opens on September 24, targeting users who engage with WalletConnect or contribute to open-source projects. WCT tokens will drive WalletConnect's governance and economic structure, initially non-transferable until 2025. The newly formed WalletConnect Foundation will oversee the protocol's transition to a permissionless structure. WalletConnect aims to decentralize further and has seen 240% growth in the past year.

Beginner

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Stacks Integrates with Aptos, Expanding Bitcoin’s Utility to dApps and DeFi

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

, where managing your crypto exchange meets the intellectual challenge of daily Morse code puzzles. Released each day at 7PM UTC, these puzzles do more than just test your mental agility; they offer significant rewards that can enhance your strategic influence in the game.

, challenging you to decipher a Morse code each day. Successfully solving these puzzles not only boosts your coin reserves, but also sharpens your critical thinking skills, enhancing both your gameplay and strategic planning.

Today’s Hamster Kombat Daily Cipher: Sep 18, 2024

 Daily Cipher for Sep 18, 2024, is as follows:

 —•••   ••   —•   •—   —•   —•—•   • 

Ensure each Morse code sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

Gain an early advantage by trading HMSTR tokens through Bybit’s Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Today's Daily Cipher and the interactive gaming activities available within 

 provide ample opportunities to boost your coin balance and deepen your engagement with the game. Each puzzle you solve not only contributes to your financial growth, but also refines your analytical skills, making every gaming session both rewarding and intellectually stimulating.

Stay tuned for daily updates and expert strategies to maintain your competitive edge in the thrilling world of 

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A Guide to Hamster Kombat's Daily Cipher Code (Sep 18, 2024)

Bybit Learn

Investing

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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