Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

At the start of the week, Bitcoin showed signs of decoupling from US equities. However, US president Trump's positive remarks about the US-China trade war (which had included a 145% tariff on Chinese goods) triggered a relief rally across markets. As a result, BTC has resumed moving up with US equities. 

This rally has led to a rise in short-tenor implied volatility and a recovery in BTC’s put-call skew, indicating that traders are seeking upside exposure.

Please check out the report’s highlights.

Perp open interest rises across the board

Perpetual open interest increased significantly this week across various tokens, especially ETH. Perpetual trading volumes also rose. Notably, Ap 7, 2025 recorded the highest trade volume of the month, following Trump's comment, "Forget markets for a second, we have all the advantages."

BTC option open interest shows a mixed picture; put-call skew in short tenor sends positive signals

President Trump’s recent willingness to negotiate a trade deal with China’s President Xi triggered a relief rally across asset classes, including crypto. Bitcoin had already risen 7% since Apr 21, 2025, prior to Trump's comments. Despite this rally, open interest in puts has outpaced calls, with options volume remaining relatively balanced. 

It's unclear if the demand for puts reflects a hedge against downside risks, or a bet against the upward movement. Meanwhile, perpetual funding rates are providing limited insight into sentiment. However, the recovery of the put-call skew at short tenors indicates that traders are seeking upside exposure to the rally — and are willing to pay for it.

ETH unexpectedly outperforms BTC in this relief rally

ETH's response to the recent crypto market recovery has diverged from previous trends: it outperformed BTC in spot prices, a rarity in past rallies, and open interest in calls exceeds that in puts — opposite to BTC's trend. In addition, ETH call open interest is nearly double that of puts, with calls dominating options volumes. This suggests traders anticipate ETH will reduce its significant underperformance against both BTC and other “ETH killers” like SUI and SOL. Additionally, the spot rally has led to another term structure inversion for ETH.

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Bybit X Block Scholes crypto derivatives analytics report (Apr 24, 2025): Put-call skew recovers at short tenors, showing reviving sentiment

Explore all the hottest Bybit events happening during the week of TOKEN2049 Dubai in this article.

It’s that time of year again — TOKEN2049 Dubai is back, and the city is buzzing with excitement. As one of the most anticipated events on the crypto calendar, it’s not just about the main conference; it’s about everything happening around it, too. From side events and workshops to exclusive mixers and demo days, Bybit is showing up in full force this year. Here's your inside look at what to expect during this action-packed week.

The heart of TOKEN2049 Week, TOKEN2049 Dubai promises two full days of future-facing discussions and innovation in the world of crypto. At the center of it all is Bybit’s immersive booth experience, built on the theme 

. It’s not just a theme — it’s a vibe. Picture claw machines, 

If you’re heading to TOKEN2049 Dubai, be sure to drop by the Bybit booth (located at P33) and chat with our extraordinary Bybit team! And don’t miss your chance to grab a gacha token by scanning our QR code with Bybit Pay. You could walk away with exclusive Bybit merch! 

DMCC x VARA: Crypto regulations and business growth

Policy meets progress at this exclusive evening event co-hosted by DMCC and VARA. This gathering brings together regulators and industry leaders for an open discussion on the future of digital asset compliance and business growth in the region.

You can expect sharp insights, candid perspectives and forward-thinking dialogue about what it really takes to scale a crypto business in a regulated environment. If you care about the future of web3 in the UAE, this is one event to mark on your calendar.

Bybit After Hours: Exclusive Insights & Networking 

 is a private cocktail evening for top-tier traders and long-time supporters of Bybit. This event is equal parts networking, knowledge sharing and celebration.

 to strategic conversations with the Bybit team, this night is tailored to those who trade big and think bigger. With an invite-only guest list, it’s set to be one of the most exclusive experiences of the week.

The Crypto Hub x Bybit Crypto Ark Demo Day

 is all about bringing hands-on energy to the web3 scene. Hosted at the Crypto Ark inside Bybit’s office, this event welcomes founders, devs and crypto creatives for a casual evening of product showcases, idea exchange and light networking.

While Bybit provides the space, the real spotlight is on the community — those shaping the next wave of innovation in web3.

 from across the CIS region are gathering for a deep dive into the tools, tips and strategies that drive growth at Bybit. This meetup goes beyond surface-level sharing — expect actionable workshops covering our Bybit Affiliate program and affiliate best practices.

It’s also a chance to hear directly from Bybit product leads and regional managers, share success stories and walk away with fresh ideas to maximize conversions. 

Wunderbit x Bybit: “Hey, Trading Bot, where is my profit?”

 are here to stay — and this event is going deep into what makes them tick. Co-hosted by Wunderbit and Bybit, the evening workshop blends honest stories from real traders with expert insights on how to avoid common automation pitfalls.

From bot setups that work to the ones that quietly drain your profits, this is your chance to ask the tough questions, hear unfiltered answers — and maybe rethink how you’re running your own bot strategy.

 (RWAs) are taking center stage at the RWA Gulf Summit, a high-powered event co-hosted by Qatar National Bank, Commercial Bank International and DMZ Finance. This summit brings together bank leaders, wealth funds, participants in DIFC, institutional investors and industry pioneers to explore the evolution of tokenized finance in the Middle East and beyond.

Bybit’s Head of Financial Products Jerry Li will take the stage to discuss how 

 (CEXs) can harness RWAs for enhanced yield and 

Dubai's Pinnacle Mixer: Mantle, Mirana, Bybit and Ethena

High above the city, this mixer brings together some of the biggest names in web3 — Mantle, Mirana, Bybit and Ethena. Expect an unforgettable evening of casual chats, cross-chain connections and cocktails with the minds behind some of today’s most innovative projects.

This private event is all about experiencing Bybit Pay in action. See interactive demos, grab a sneak peek at upcoming partnerships and network over bites and drinks. It’s a rare behind-the-scenes look at the way Bybit is shaping the future of crypto payments. 

Wrapping up the week is the Bybit Institutional Symposium — a full-day event dedicated to aligning strategies with institutional clients and forging new collaborations. From macro views to product deep-dives, this conference is built to spark big conversations among serious players.

The day concludes with a gala dinner, a fitting finale to a week in which ideas, connections and innovation have taken center stage.

Intermediate

Bybit Learn Highlights What to Expect at Bybit

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Highlights: What to expect at Bybit (Apr 28–May 2, 2025)

Balance (EPT) is revolutionizing web3 gaming with evolving AI companions, blending blockchain, strategy, and intelligent gameplay in one powerful platform.

Artificial intelligence (AI) agents are a key growth area within the blockchain industry. Projects like Artificial Superintelligence Alliance (FET), 

 (AI16Z) and countless others have been essential components driving the overall crypto market. As of April 2025, the CoinGecko portal lists more than 500 cryptocurrencies within its category of AI Agents. These intelligent assistants are now helping individuals and businesses analyze markets, create textual and visual content, automate work processes and trade profitably.

There's a further area where AI agents on the blockchain are flourishing: the world of 

 gaming. In this sphere, bots and agents based on AI algorithms are helping users develop the best in-game strategies, succeed in the competitive world of play-to-earn (P2E) and overcome key challenges in complex gameplay.

Balance (EPT) is a blockchain gaming project that takes the use of 

 to a completely new level. The creation of the team at the world’s largest social gaming platform, E-Pal, Balance offers players AI agents that can aid them in the in-game environment and serve as their personal companions. Based on a multi-layer architecture, the platform offers some of the most cutting-edge use cases for gaming-oriented AI agents.

 (EPT) is a web3 gaming platform that allows players to easily create, own and use AI companions within the blockchain games it supports.

 Balance supports a variety of first-party (internally developed) and third-party web3 games. You can deploy your AI gaming companions and they’ll act as your assistants, friends or co-players within Balance games.

Using Balance.fun, the platform’s primary web interface, you can create your AI agents and specify various details, such as appearance, personality and functions.

Balance isn’t just another obscure crypto gaming platform. The origins of the project date back to 2020, when the E-Pal social gaming provider was launched by four young California-based technology entrepreneurs — Brian Xiong, Tung Pham, Yuzhe Norris Wang and Yuanzhe Li. E-Pal quickly became a leading force in the newly emerging social gaming field, helping players worldwide find gaming companions. By early 2024, E-Pal had become the world’s largest gaming companion platform, boasting 4.2 million users and 450,000 Epals (gaming companions).

In February 2024, the E-Pal team focused its efforts on 

 and AI technologies, starting the development work on the Balance gaming platform. In September of the same year, Balance went live.

Per the project’s documentation, the platform operates on its own chain, Balance Chain, with 

 (AA) technology used for cross-chain communication. The fungible and 

 (NFTs) held by user accounts are based on the 

A key part of the Balance ecosystem is Key Nodes — purchasable 

 that help with the processing, storage and distribution of data required in the resource-intensive environment of web3 gaming. Some applied instances are the management of real-time leaderboards and the automatic distribution of loot and in-game currency. These nodes can also support the computational requirements of training AI models. As a reward for their work in supporting the platform’s operations, Key Nodes receive a wide range of rewards and benefits, including distributions of EPT tokens, the platform’s native cryptocurrency.

As the ecosystem develops, Key Nodes are envisioned to be involved in governance, 

 launch in September 2024, Balance introduced its Points System, designed to reward early contributors to the platform. During the campaign run in September, users could earn points by completing various specified tasks in various activities, such as joining the project’s social media pages or commenting and reposting.

The 400 users with the best performance in the Points System earned a whitelist spot to receive Pioneer Badge NFTs — distinct tokens that provide owners with early access to games, future campaigns, airdrops and beta testing opportunities. Pioneer Badge NFT holders can also enjoy other benefits, such as premium NFTs and voting rights on the Balance platform.

Balance’s platform provides a set of tools to create and use intelligent companions for Balance-based games. You can design your AI companions by specifying their key traits and behaviors through custom prompts and strategies. The AI agents on Balance can assist you in battles, gaming contests, learning, routine task execution and interactive entertainment.

Balance’s platform is made up of five key layers, each one serving a specific purpose in supporting its user and developer communities. At the top of the architectural stack is the application layer, which acts as the main interface for users to interact with human and AI companions and the wider Balance community.

The application layer also contains the AI Battle Reporting System, which is designed to give users feedback and analysis tools on their performance in the platform’s gaming ecosystem. AI technology is leveraged here to provide personalized analytics and performance improvement recommendations.

A range of NFTs are also part of the layer. These include in-game asset NFTs, as well as 

 (SBTs) that serve as summaries of the holder’s achievements.

The platform layer hosts the various games within the Balance gaming universe. These include both internal games and third-party games that have partnered with Balance. The key concept uniting all of the games is the active integration of AI companions and AI players, making the platform a unique environment in which humans and AI agents play, interact and compete.

The platform layer also features an AI-driven NFT launchpad that offers a rich tool set for creating personalized NFTs for games and applications. These NFTs can be traded on Balance's NFT marketplace, which is also an integral part of the platform layer.

The protocol layer includes a trio of critical protocols — the Fans Protocol, Epal Fan Token (FT) Exchange Protocol and Asset Protocol. The Fans Protocol lets players launch and manage their Fan Tokens, creating opportunities for influencers and community builders to tokenize their efforts and launch high-potential crypto assets. Meanwhile, the Epal FT Exchange Protocol facilitates the management of (and trade in) Fan Tokens.

The third protocol, Asset, is used for the comprehensive management of a wide range of digital assets on Balance, providing easy-to-use tools for asset creation and trading.

The token layer is designed for core operations involving the platform’s native EPT token. This layer supports the use of EPT for in-game purchases, access to services and AI companions, Fan Token minting and trading, in addition to other functionalities.

This is the underlying infrastructural layer that powers the platform’s operational mechanism. It can be described as Balance's operating system, and is made up of several critical components: the node system, the Balance 

, the Balance Chain network and the platform's unique ID system.

The node system provides the computational and storage resources to power games and other functionality on Balance. In addition, the system acts as a key connecting medium between Balance Chain and the AA functionality that lets the platform enjoy cross-chain capabilities.

The Balance stablecoin, also part of the infra layer, is designed to reduce volatility and bring rate stability to the platform's gaming ecosystem. The Balance stablecoin system helps players engage in asset trading without the fear of wild market fluctuations, an important consideration in the 

Designed to support multiple chains, Balance Chain operates based on dynamic protocol adaptation, automatically selecting the optimal blockchain platform according to user preferences and needs. This dynamic adaptability is designed to reduce costs, improve operational speed and enhance overall security for users.

The final major component of the Balance infrastructure layer, the Balance ID system, is a unified and secure user authentication and identity management solution. To be introduced later in 2025, the ID system will let users access all services and games within the Balance ecosystem via a single set of cross-platform decentralized credentials. In addition to human players, also AI companions will have their unique IDs.

EPT is the native cryptocurrency of Balance. Although the platform has been operational since 2024, the EPT token was just launched on Apr 21, 2025, with a total and maximum supply of 10 billion. It was issued on two major blockchains — Ethereum and BNB Chain. EPT has a wide range of functional use cases on the platform, including the following:

The EPT token's supply allocation is per the chart below.

 as a swap pair with USDT, and through the exchange's 

 based on USDT. You can also take advantage of Bybit’s campaign dedicated to the token to grab a share of the 

Under the terms of the event, new users can earn EPT rewards by accumulating a deposit volume of at least 3,000 EPT, or by depositing at least 100 USDT and trading 100 USDT worth of EPT via their first spot trade with Bybit. Meanwhile, existing users can qualify for rewards by trading at least 500 USDT worth of EPT on Spot. The event is valid through May 5, 2025, 9AM UTC.

As of Apr 25, 2025, the EPT token has been on the market for only four days, and is trading at $0.0117, which is 26.4% lower than its ATH of $0.01708 on Apr 21, 2025, and 11.4% higher than its ATL of $0.01129 on Apr 22, 2025.

Long-term price forecasts for EPT are mostly bullish. DigitalCoinPrice 

 of $0.0412 in 2027 and $0.0615 in 2030, whilePricePrediction 

These and other emerging long-term forecasts for the token don't constitute investment advice. Given EPT's extremely short history on the market so far, 

 on the token's future prospects, carefully assess market fluctuations within the crypto gaming niche and consider all other relevant factors before investing in it or any other cryptocurrency.

Capturing emerging market trends and sensing the broader market conditions, the team at E-Pal recognized the tremendous potential of gaming companions back in 2020. Four years later, E-Pal realized that the new market dynamics in gaming called for something even more innovative — the use of AI companions, in addition to fellow humans. The resulting product, the Balance platform, is now racing to stake the claim to the best web3 gaming environment supported by AI agents.

The platform's unique features — cross-chain functionality supported by an AA mechanism, a dynamic exchange system that selects the best network for users' transactions and, most importantly, intelligent AI companions — can certainly help establish Balance as a leader in this niche of web3 gaming.

AI agents are taking the gaming industry by storm, with blockchain technology acting as a powerful enabler of these intelligent friends of ours. The Balance gaming universe — supported by the proven track record of E-Pal — has a great chance of becoming the go-to environment in which to befriend your next artificial gaming partner.

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Balance (EPT): Revolutionizing web3 gaming with evolving AI companions

Mantle has launched the Mantle Index Four (MI4), an institutional-grade fund providing diversified exposure to yield-bearing digital assets. 

The S&P 500 rose 2.03% on strong Alphabet earnings and optimism over a possible Fed rate cut. Gold jumped 1.5% to $3,338 as trade tensions rose and a weaker dollar, along with falling yields, boosted demand. Fed rate cut signals also supported the rally. The Coindesk Indices, which tracks the broader crypto market, rose 0.74%, with Bitcoin up 0.06% and Ether down 1.89%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is INIT, up 15.4%, following the launch of Initia, which aims to revive the appchain concept with an interconnected network and an INIT token airdrop.

Initia (INIT), founded in 2022, is a modular blockchain platform that combines a Layer 1 network with customizable Layer 2 rollups, enabling scalable decentralized app development. It offers flexibility in virtual machines, gas tokens, and transaction systems, while ensuring interoperability and addressing issues like liquidity fragmentation and network congestion. Initia has 

 to revive the appchain concept by offering a network that integrates appchains in a cohesive, interconnected way. The platform emphasizes full-stack control for apps, avoiding fragmentation. Initia is also launching an airdrop with claims available until May 24, 2025. The native token, INIT, has a fixed supply of 1 billion, distributed across eight categories.

Check out the latest prices, charts, and data of 

, an institutional-grade fund providing diversified exposure to yield-bearing digital assets. In partnership with Securitize, which has tokenized over $3B in assets, the fund aims to fill a market gap by offering native yield generation in a traditional fund format. Mantle Treasury has committed up to $400M as the anchor investment. The fund will rebalance quarterly and incorporate DeFi-native staking strategies, such as mETH and bbSOL, while ensuring investor protections. MI4 targets both crypto-native and traditional investors, with Phase 1 rollout scheduled for Q2 2025.

Yesterday, BTC spot ETFs saw a total inflow of $114.7 million, all from non-GBTC funds, while GBTC recorded no flow.

Dolomite, the 10th largest DeFi lending app, is launching a 200M token 

 (20% of total supply) during its TGE on April 24, rewarding users based on platform usage. The DOLO token powers a three-token system alongside oDOLO and veDOLO, enabling incentives, governance, and potential revenue sharing. With over $800M in TVL, Dolomite expands to Berachain, integrating with its Proof of Liquidity system to offer advanced lending features and asset utility.

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Mantle launches MI4 fund for institutional-grade digital asset exposure and yield generation

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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. 

13 Best Cryptos to Buy Today for Short-Term Gains in 2024

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13 Best Cryptos to Buy Today for Short-Term Gains in 2024

Grab Up to 5,000 USDT in Rewards

Compete for 2,500 USDT USDT Every Week

Grab Up to 5,000 USDT in Rewards