- When MultiversX (EGLD) saw its price 90x in just over a year:
- When Polygon (MATIC) had a 5544x rally in less than 15 months:
Understanding what crypto to buy now comes down to market alpha; getting access to the best information, ahead of others.
This is why our team of traders built Moralis Money - a free tool empowering traders to discover what crypto to buy now. This tool allows you to take advantage of on-chain data through our powerful filters to identify opportunities. Understand what crypto to buy in real-time!
If you want to start analyzing the crypto market straight away, simply use Moralis Money. You can either use our preset filters to find the best crypto opportunities, or set your own filters. Try it out yourself:
Understanding What Crypto to Buy Now
For the theoretical introduction to understanding what crypto to buy, we’ll start with a bit of industry advice. Whenever you are wondering what crypto to buy now, you should make sure you don’t make any rash decisions. However, this doesn’t mean that you shouldn’t be fast. After all, crypto markets are active 24/7 and are extremely volatile. So, many opportunities come and go fast, and being decisive and swift makes a big difference.
You need to consider the essentials of understanding what crypto to buy and at which time. You also need to take the overall market sentiment and which stage of the current market cycle are we at into account. Also, consider market movements, if there is more buying or selling pressure. If the markets are falling, understanding why crypto is crashing is crucial.
Plus, it’s important to decide whether you want to buy crypto as a long-term investment or a short-term one. After all, there are different opportunities in this market during bull and bear seasons. To seize those opportunities, you need to time your entries and exits properly.
For a casual trader, it’s best to focus on entering positions near the bottom of a bear market and exit near the top of the following bull market. Why do we use “near”? Because finding the exact bottom and top with 100 % certainty is essentially impossible.
But for traders with some experience, it also makes sense to focus on shorter timeframes and seize the potential of countless ups and downs that happen along the way.
Just look at the two charts at the top and you’ll see that with a proper tool that would detect on-chain activity, even a casual trader could’ve further benefited by selling local highs and buying local lows.
In either case, timing is essential! And, typically, the smaller the timeframe, the more important your precision is.
Which Crypto to Buy Today for Short-Term
In crypto, things move a lot faster than in traditional markets. Thus, keep in mind that aside from taxation laws, which clearly define short-term gains as those within a year, the lines between long-term and short-term crypto investing or trading are not totally clear.
Of course, most crypto traders would agree that all trades done within a week fall into the short-term domain. However, for crypto trades that span over several weeks or months but less than a year, there are a lot of different opinions.
So, it’s up to you to determine if buying a coin and holding it for a couple of weeks or months before selling it is a short-term or a long-term move. But the fact is that there can be a lot of fluctuation, which means new opportunities within those periods.
Because of the crypto market’s high volatility, it used to be hard to predict short-term changes in the markets. However, with Moralis Money, you are able to understand exactly what is about to happen in the crypto markets through customizable on-chain filters.
This allows you to detect which new coins are surging through the charts before the whales enter them or before other tools, like Coinpaprika or CoinGecko, are even able to detect the rising interest.
Essentially, Moralis Money empowers you to stay up-to-date with the crypto market like a full-time trader with a fraction of the time commitment. Thus, this is the tool to determine what crypto to buy now. Of course, it can also be used to determine what crypto to sell.
We are not suggesting you become a “scalper” (super short-term trader); however, there are many opportunities on hourly, daily, and weekly timeframes. With Moralis Money, you can find new coins early and then ride their pulse!
Which Crypto to Buy Today for Long-Term
Many folks prefer to have a longer perspective on their investments. And that's ok as well. If you are one of those people, the right coin for you to buy today might be the one that can serve that purpose. In that case, the best crypto to buy now may not be the same as if your game plan were short-term in nature.
But keep in mind that the average altcoin tends to experience 50x-70x gains over 14-20 months during bull markets. You can confirm that with the above-presented charts. So, if you time your long-term venture properly, the most lucrative way is still to find the next big crypto coin early!
However, when it comes to more “conventional” long-term crypto investment, people tend to focus on more established projects. Typically, this entails coins and tokens with larger market caps. Some interpret that metric as a sign of stability.
With that approach, the biggest coins like Bitcoin and Ethereum could likely be a good bet. However, keep in mind that we've seen the crypto charts change dramatically over the past years. Failures like the collapse of FTX remind us that the only way to really be a competitive trader is to use a real-time tool like Moralis Money.
In our opinion, you simply cannot afford to not keep an eye on the on-chain data. Unlike technical analysis (TA), which is great for increasing your chances of properly reacting to the market, reliable real-time on-chain data enables you to spot moves before they affect the price.
So, whether you decide to take the short-term or long-term approach, use Moralis Money to help you determine what crypto to buy now!
Why Use Moralis Money
The most obvious reason why use Moralis Money is to significantly increase your chances of properly determining what crypto to buy now.
However, you need to know that experienced altcoin traders and Web3 developers joined their powers to build this tool. As such, it takes accurate raw, real-time on-chain data and presents it in a simple and actionable manner.
Moralis Money helps its users overcome the three most common pitfalls that hinder or even cripple the average crypto trader - FOMO, scams, and lack of time.
These are the three main Moralis Money features:
- Token Explorer - Moralis Money's answer to FOMO. Token Explorer enables you to identify crypto tokens with high potential early. Hence, it gives you a chance to position yourself properly for short- and long-term plays. With Token Explore, you get to find tokens before they pump!
- Token Shield - Moralis Money's answer to rugpulls and exit scams. Token Shield automatically checks tokens whenever you run your on-chain queries. Then, it returns security information in a user-friendly manner to help you avoid scams and rugpulls.
- Token Alerts - Moralis Money's answer to lack of time. Using Token Alerts, you get to set up email notifications for your saved queries. As such, you are able to detect every new coin that matches your search criteria on autopilot. With this feature, you get to listen to on-chain data in real-time. Then, you receive notifications for every new opportunity without spending your entire day analyzing the market.
How to Determine What Crypto to Buy Now with Token Explorer
By now you know the answers to “what crypto to buy now?” can change fast. So, instead of relying on an influencer to tell you where to invest your hard-earned money, take control in your own hands. With Moralis Money, it’s as easy as pie!
1st step: Visit Moralis Money with your favorite browser and open Token Explorer.
2nd step: Apply the Coin Age filter that lets you view the coins created in the last X days. For instance, let’s say you want to get a list of all coins minted in the last three days:
Just five simple clicks and you have generated a list of new coins! It doesn’t get simpler than that.
Hopefully, you already know that many newly created tokens don’t deserve your attention. The last thing you want is to get a bag of garbage coins. Thus, make sure to further refine your search and identify tokens that are gaining some momentum.
You can do this with several filters, including the one that lets you consider the change in the number of holders.
3rd step: Add the Holders filter. For example, you can filter out all tokens that haven’t got at least 60 holders in the last day:
Just by setting in place two simple filters, you have a list of potential candidates - new tokens that are gaining some traction! How’s that for power, simplicity, and efficiency?
4th step: Apply additional filters to pinpoint your winners. By using unique filters, you’ll make the most out of raw, on-chain data. So, mix and match your search criteria by repeating this five-click process:
- Select a metric
- Select a filter
- Enter a value
- Select a timeframe
- Run your query
How to Use Token Shield
As mentioned above, you don’t have to do anything to use Token Shield. This feature does its thing automatically whenever you run your queries.
Of course, it’s up to you to utilize the security scores that Token Shield provides. After all, this is the way to noticeably reduce your risk of buying sketchy coins.
You can manually focus on the coins with higher scores and green shields or you can add the Security Score filter. The latter lets you refine your results based on those numbers inside the shields. For example, let’s say you decide to focus only on coins with a security score of 80 or higher:
How to Use Token Alerts
When it comes to this powerful Moralis Money feature, it’s important to note that Token Alerts is only available to authenticated users. Thus, make sure to connect your Web3 wallet (e.g., MetaMask) to create your free Moralis Money account:
In case you don’t have your Web3 wallet yet, just use the “Get a Wallet” button and follow the instructions.
Once you have successfully connected your wallet to Moralis Money, you’ll be able to save your queries:
It’s worth noting, that if you wish to save more than three combinations of your unique filter combos, you’ll want to upgrade to the Pro plan.
After saving your favorite filters, you get to see them on your “Account” page. And, to activate alerts for any of your filters, just hit the bell icon to set up your email notifications.
Find Cross-Chain Opportunities
If you looked at any of the Token Explorer screenshots and GIFs above closely, you probably noticed that we were targeting the Ethereum network. After all, this chain remains the most popular crypto network.
However, judging by the past cycles, smaller networks also deserve your attention. And, with Moralis Money, you can easily switch to any other popular EVM-compatible chain. And, we encourage you to explore all networks to get the best answer to “what crypto to buy now?”.
For instance, Ethereum scaling layer-two (L2) networks have been very popular lately. With Moralis Money, you can get ready to find gems on Arbitrum, Optimism, Polygon, and other chains!
Switching between chains with Moralis Money is as straightforward as it gets:
- Click on the currently selected chain.
- Select the network you want to switch from the drop-down menu.
Discover What Crypto to Buy Now - Full Guide - Summary
In today’s article, you had a chance to learn how to discover what crypto to buy now (at any given time). We explained that you need to start with the big picture - global economic conditions, crypto cycles, etc. Then, you need to decide whether you want to buy crypto for the short term or the long term. However, whichever option you choose, you now know that reliable on-chain data will help you time your entries and exits. And, there’s no better and simpler tool to get actionable on-chain data than Moralis Money! Thus, you now know why you should use Moralis Money.
We even showed you how to utilize this powerful tool’s main features. So, use the knowledge obtained herein to determine what crypto to buy now with Token Explorer, avoid scams with Token Shield, and save time with Token Alerts.
Spotting and buying altcoins before they moon is also one of the best realistic answers to "how to get rich quick?”. All-in-all, by practicing using Moralis Money, you’ll be able to time your moves and make the most of the upcoming crypto opportunities.
There are new projects and coins entering the space every day!
Of course, you can also focus on older coins. For instance, you may like the HEX project and are wondering “is it too late to buy HEX?”. In that case, you’ll also probably want to get ready for the PulseChain mainnet launch.
