Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

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Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

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Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

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Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

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SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

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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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