The recent events in the market have prompted my attention to some of the altcoins that have performed alongside Bitcoin, such as Ethereum and some other me coins that gave their investors some level of profits within the short term that Bitcoin took a dramatic shift in price from 25k to around 30k which is a significant good amount and that will promote some desire to invest in some other altcoins that followed the trend giving their holder some level of profits in the short term.
This situation pushed me to ask this simple question.
What altcoin is the best for short-term speculation, some of my friends offline have speculated people but then I don't have much faith in meme coins.
If what you are looking for are short term profits then you need to look at the volatility of your favorite coins and pick the one that shows the highest level of volatility you can find.
And this can be done by using some of the indicators which have been created for this express purpose, however it is important to mention that doing such a thing will increase the risk you are incurring in a dramatic way and you should find a way to counter this tendency, since if you were to fail at achieving this goal the volatility could end up playing against you.