5 Best Cryptocurrency to Invest in As A Rookie

Entering the cryptocurrency market as a newcomer can be difficult, especially given the differences between it and „traditional“ financial markets. However, several cryptocurrencies can serve as a good entry point for beginners, exposing them to price movements without requiring advanced knowledge.

This guide discusses the best beginner crypto to buy in 2022, covering a variety of projects that could represent solid investment opportunities for those just getting started in the market before highlighting how to invest in a top beginner crypto project today.

1. Bitcoin (BTC)

Bitcoin requires no introduction, as it was the catalyst for the cryptocurrency revolution and has since become the best Proof-of-Work coin on the market. Even though other projects may have more ‚exciting‘ use cases, market participants prefer to invest in Bitcoin due to its first-mover advantage. This lends enormous credibility to Bitcoin and is why broader financial markets have adopted it.

Because many trading platforms (e.g., eToro) offer fractional BTC investing, Bitcoin is likely the best starter cryptocurrency for investors looking to start small. This means that investors can buy ‚fractions‘ of a coin rather than an entire Bitcoin, which is currently valued at more than $20,000. As a result, this strategy enables investors to gain exposure to BTC price movements in small amounts.

Another reason Bitcoin may be the best beginner token is that it is now accepted as a payment method by merchants worldwide through fintech companies. According to Reuters, nearly a quarter of small businesses in nine countries intend to accept digital currencies as of 2022. Because BTC is the most valuable digital currency, we can expect long-term demand for this coin to rise.

2. Solana (SOL)

Solana is another popular crypto beginner token. Solana was the fastest-growing cryptocurrency in 2021, thanks to the blockchain’s high scalability. Given Ethereum’s issues with GAS fees and low throughput, many App developers chose the Solana network to build their platforms.

According to various reports, Solana can handle 65,000 transactions per second (TPS), with an average transaction cost of $0.00025. The blockchain can accomplish this thanks to a novel ‚Proof-of-History‘ consensus, which allows Solana to remain fully decentralized while also providing tremendous scalability.

Due to these features, Solana has become a hub for those looking to make money with NFTs. Solana has also been used for DeFi protocols and blockchain gaming, which has helped it compete with Ethereum. Significantly, SOL tokens are ideal for beginning crypto traders due to their ease of use and low cost.

3. RobotEra (TARO)

RobotEra is a new metaverse-based cryptocurrency project that uses TARO – the native cryptocurrency – to control its in-game economy. TARO is a top beginner cryptocurrency available for purchase on presale and provides access to various NFT protocols and in-game earning opportunities. Notably, RobotEra distributes 15% of its 1.8 billion token supply over three presale rounds.

TARO will provide decentralized access to a virtual land building and creation ecosystem, similar to popular metaverse tokens such as Decentraland (MANA) and The Sandbox (SAND). The game takes place on the ‚Taro Planet,‘ where players take on the role of Robots. An interested user can use TARO to purchase a Robot NFT to gain access to the metaverse. The Robot NFTs have a limited supply of 10,000 pieces and are divided into seven distinct campaigns. They can be found on the Taro Planet’s seven continents, where players can purchase NFT land, build their own NFTs, and even participate in quest challenges.

TARO, an ERC-20 token, can be staked to earn an APY (Annual Percentage Yield). Staking this cryptocurrency grants the user voting and decision-making rights on the DAO. According to the whitepaper for RobotEra, players can create environments ranging from museums to concerts.

4. Ethereum (ETH)

Those just starting with cryptocurrency may want to consider adding Ethereum to their portfolio. Many analysts still consider Ethereum to be the best cryptocurrency to invest in because it serves as the foundation of the DeFi and NFT industries. Furthermore, Ethereum’s smart contract functionality is ideal for decentralized app (dapp) developers across various industries.

Because it is extremely accessible, Ethereum is a viable option for the best beginner crypto to trade. Because ETH is the world’s second-largest cryptocurrency, according to CoinMarketCap, most crypto exchanges and brokers will offer it as a tradeable asset.

5. Lucky Block (LBLOCK)

Lucky Block could be the best beginner cryptocurrency to buy if you want to win daily prizes. This top trending cryptocurrency made waves in early 2022 after its presale sold out, prompting the team to move the PancakeSwap listing forward due to investor demand. The LBLOCK token increased by over 3,000% after being listed on PancakeSwap.

Users can win exciting prizes by participating in regular competitions on the Lucky Block platform. The Lucky Block team recently launched an NFT competition platform where users can purchase NFTs and earn rewards. On the other hand, those who purchased Lucky Block NFTs earlier in the year will receive free entry into weekly competitions featuring game consoles, watches, and other prizes.

Furthermore, the Lucky Block team recently released ‚LBLOCK v2,‘ which employs the ERC-20 standard rather than the BEP-20 standard. This means that LBLOCK v2 is compatible with the Ethereum platform’s thousands of dapps, opening up a world of possibilities. Furthermore, because LBLOCK v2 has no transactional tax – as opposed to 12% for the V1 coin – the token appeals to active traders (e.g., day traders and scalpers).

Bottomline

This guide has provided a thorough overview of the best beginner crypto to buy in 2022, explaining why these projects are appropriate for market newcomers. Although cryptocurrency can appear to be complicated initially, the projects listed in this guide have strong communities and simple investment processes, making them ideal for crypto newcomers.

by Emma Gill

Wenn Ihnen der Artikel gefallen hat, vergessen Sie nicht, ihn mit Ihren Freunden zu teilen. Folgen Sie uns auch in Google News, klicken Sie auf den Stern und wählen Sie uns aus Ihren Favoriten aus.

Wenn Sie an Foren interessiert sind, können Sie Forum.BuradaBiliyorum.Com besuchen.

Wenn Sie weitere Nachrichten lesen möchten, können Sie unsere Technologie kategorie besuchen.