How to Scalp Crypto in the Bitcoin Bull Market?
One of the best plays for March, 2021 might actually be investing in crypto that is seeing a lot of volatility. How to invest and buy crypto? I don’t advocate it, but the safest bet I think is to use Coinbase or Binance, before Bakkt really becomes mainstream. If you believe in the future of crypto, actually buying Bakkt’s stock isn’t a terrible idea. If you didn’t know, that’s a SPAC under the ticker $VIH.
So for crypto there’s really good blockchains with solid backing and engineers you want to go long in, then there are very volatile crypto that can be scalped as a day trader or swing week trader. At the Last Futurist we used to write and work in the blockchain space, so we have an added insight of being in the industry.
Top Crypto to invest in for 2021
This is not financial advice, just a list, always do you own due diligence. Refer to Stocktwits and Coinmarketcap for up to date prices.
- Cardano $1.11 – 5th ranked crypto on Coinmarketcap.
- Harmony One $0.03 – 123rd ranked crypto on Coinmarketcap. Stocktwits.
- Nervos Network $0.01 – 130th ranked crypto on Coinmarketcap.
- Dfinity – $61.09 – 2459th ranked crypto on Coinmarketcap.
- Polkadot – $39.44 – 4th ranked crypto on Coinmarketcap.
- Zilliqua – – $0.14 – 55th ranked crypto on Coinmarketcap.
- Qtum – $7.25 – 85th ranked crypto on Coinmarketcap.
- WOM Protocol – $0.26 – 572nd ranked crypto on Coinmarketcap.
- Stellar – $0.50 – 11th ranked crypto on Coinmarketcap.
Investing 1% of your wealth in a Bitcoin ETF, crypto or bitcoin mining stocks to be played with the bull market momentum of 2021 is not a bad idea. This is because institutional and Billionaire whale manipulation is very high and scarcity of the asset is getting higher as well.
So the supply-demand of the digital gold is very good, also it could be a hedge against inflation, depreciation of the U.S. dollar and against economic uncertainty with variants of Covid-19.
At the end of the day, Bitcoin and crypto are Covid-19 investment plays. While Bitcoin has gone up a lot, the rest of crypto has yet to catch up with those prices (with the exception of Ether which is over-valued already). Scalping crypto on February and March will likely be very profitable due to Bitcoin’s mainstream adoption signals and possible high-liquidity volatility. Far more profitable actually than owning bitcoin mining stocks, if you are okay buying and selling crypto on the fly.
For long plays, always go with the blockchains with the best engineering from an academic and financial backing perspective. The meme cryptos will be volatile but are little better than gambling and have no real intrinsic value outside of hype and Reddit-Twitter sentiment.
At the Last Futurist we predict most of the 2000+ crypto that exist today won’t actually exist in 10 or even 5 years. However the best blockchains will scale in business models that we do not foresee completely today. Blockchain is a complicated sector and takes decades to scale properly with other exponential technological changes in society and humanity.
Essentially all cryptos are heavily tethered to Bitcoin’s price so invariably investing in them earlier is better. With Bitcoin reaching a $1 Trillion market cap and going over $50,000 in value, it might mean that the Bitcoin bull market is here to say and Bitcoin reaches mainstream sustainable price levels becoming significantly less volatile as an asset. This also gives more viability for the blockchain projects that made it out of the “crypto winter”.