Cryptocurrency has been around for just over a decade, and in that short time, it has become one of the most valuable resources on the Internet. Getting into the cryptocurrency market as a newcomer can be tough, especially with so many different coins to choose from.
However, there are several cryptocurrencies that are great for beginners who want to experience price swings, but don't want to learn anything too complicated.
In this guide, we'll talk about which crypto projects might be worth investing in as a beginner.
Cryptocurrencies are virtual or digital money that take the form of tokens or “coins.” Most cryptocurrencies have not ventured into the physical world, but a large majority remain entirely intangible.
Cryptocurrency is a digital asset that can be traded online. It’s similar to stocks and bonds in that its value fluctuates depending on the market.
Here are a few cryptocurrencies that are currently popular with both new and experienced investors.
Bitcoin was created by Satoshi Nakamoto in 2009, and since then has become the most popular cryptocurrency in the world. Every crypto exchange supports Bitcoin, which means that you can buy and sell it at any time.
Although it's just a form of digital cash, Bitcoin has several advantages over other forms of currency: you can use it to exchange currency and value; its market is constantly changing; and its popularity has been increasing steadily since its inception.
Cryptocurrency investors may want to consider adding Ethereum to their portfolios, as it is still regarded as the best cryptocurrency to invest in by many analysts. In addition, Ethereum’s smart contract functionality makes it ideal for decentralized app (dApp) developers in various niches.
Since it is the second-largest cryptocurrency by market cap, Ethereum is a viable option for the best beginner cryptocurrency to trade. Most cryptocurrency exchanges and brokers offer ETH as a tradable asset. Ethereum is also set to move from a ‘proof-of-work’ to a ‘proof-of-stake’ consensus protocol.
Shiba Inu is one of the most engaged communities in crypto, and remains one of the best meme coins on the market despite low token prices. The Shiba Inu token, which is named after a Japanese breed of dog, has been largely driven by hype, which tends to come from Twitter and Reddit.
However, this trend reversed itself in late 2021 when SHIB was able to capitalize on the popularity of the Dogecoin token, helping it produce quadruple-digit returns.
Another popular blockchain newcomer is Solana. Solana grew quickly in 2021, with high scalability and low transaction fees drawing many developers to its network. Solana operates on a hybrid proof-of-stake and proof-of-history mechanism to process transactions quickly and securely.
The platform's native token, SOL, powers the Solana ecosystem. SOL can be purchased on several exchanges, including KuCoin and Binance, which offer various trading pairs like SOL/BTC and SOL/USDT. Solana is a blockchain platform that can handle many more transactions per second than Ethereum, and charges lower transaction fees.
The Cardano network is less resource-intensive than other cryptocurrencies, which appeals to many investors. This means transactions are faster and cheaper. Cardano also works like Ethereum to enable smart contracts and decentralized applications, which ADA, its native coin, powers.
Cardano uses the ‘Proof-of-Stake’ algorithm to achieve consensus and is therefore more eco-friendly than other platforms like Ethereum and Bitcoin.
Dash 2 Trade is a decentralized platform that combines cryptocurrency trading signals with a chatroom for traders to discuss the best opportunities in the market. The platform has a risk profiler, presale projects, and technical and social indicators that are beneficial to investors.
The platform is currently holding its second presale, which offers early-stage investors discounted access to the platform's full functionality.
Battle Infinity is one of the most promising cryptocurrency for new investors in 2022. Battle Infinity is a metaverse-gaming platform that integrates both non-fungible tokens (NFTs) and play-to-earn (P2E) mechanics.
The game features a rich virtual world in which players can earn rewards on a regular basis.The platform’s flagship feature is the IBAT Premier League, a fantasy sports league that uses NFTs to integrate with blockchain technology.
Cryptocurrency is a digital asset in which encryption techniques are used to regulate the generation of units and verify the transfer of funds. As such, it has no intrinsic value—cryptocurrency units' worth depends entirely on supply and demand in the crypto market.
It is important to note that cryptocurrency markets are volatile, and you should be aware of your risk tolerance and investment expertise before trading or investing in them.
Although cryptocurrency can appear complex to crypto beginners, the coins outlined in this guide have strong communities and easy-to-use investment processes.