Investing in cryptocurrencies is not easy for a beginner. To make it easier, you need to decide on the token you want to invest in and choose a convenient, safe exchange for work.
We will look at interesting and promising cryptocurrencies that are ideal for both long-term investors and short traders.
Stellar (XLM) is a popular decentralized payment network with low fees
XLM is the native currency of the Stellar network and helps facilitate decentralized payments around the world. Launched in 2014, Stellar solves many of the problems inherent in “traditional” payment systems. For example, low transaction speed and high fees. The Stellar network can complete transactions in as little as five seconds, and the fees are pennies. Transactions are verified through the Stellar Consensus Protocol, which operates worldwide.
She works with some of the major corporations, including IBM and MoneyGram. Given the demand for fast money transfers, Stellar remains one of the best crypto projects of the future. And has every chance for rapid growth and development!
Cardanol (ADA) is a drawdown token, ideal for a crypto start
Cardanol has long been touted as one of the most undervalued cryptocurrencies on the market. This smart contract platform was created by a highly qualified research team.
Since Cardan uses the Proof-of-Stake (Pops) algorithm to reach consensus, this blockchain is also considered much greener than Bitcoin.
The price of ADA is now 82% below its August 2021 all-time high, highlighting the cryptocurrency’s sharp decline. However, due to Cardanol’s use cases, many analysts believe that the token is trading at a significant discount. This provides an attractive opportunity for novice investors.
Polka dot (DOT) is an innovative project that solves the problem of blockchain interoperability
Polka dot is an exciting project aimed at increasing blockchain interoperability. Currently, most blockchains operate independently, meaning they do not exchange data. Polka dot provides a multi-chain network where developers can run their own blockchains that are compatible with others. In addition, Polka dot’s central node, called the “relay chain”, processes the transactions of all other chains.
DOT is the network’s native token used to pay fees and rates. Due to the growing importance of interoperability, Polka dot could be the best cryptocurrency for beginners.
Shiba Inuk (SHIB) is a cryptocurrency for beginners that can be invested in to get involved in communities
Shiba Innu is the best cryptocurrency for beginners to invest in for those who want to be part of the meme coin-interested community. SHIB remains one of the best meme coins on the market, even though the price of the token is well below its 2021 all-time high.
Much of the Shiba ink price action is driven by the hype, which usually comes from Twitter or Reddit. As for the aesthetic features of the token, Shiba Innu has capitalized on the popularity of Dogecoin. She helped Shiba make a four-figure profit at the end of 2021. However, SHIB faced the same problem as DOGE – the lack of real use cases.
This has recently been corrected by the launch of the ShibaSwap platform. It allows SHIB holders to buy NFTs, swap tokens, and even benefit from the built-in cryptocurrency staking mechanism. Thanks to its “meme” design, the token will remain the best starting cryptocurrency for many investors.
Solana (SOL) is a scalable blockchain with limitless potential
Solana is another popular token for crypto newbies. Solana has become the fastest growing cryptocurrency in 2021 due to the high level of blockchain scalability. Given Ethereum’s problems with GAS fees and low bandwidth.
many dap developers have decided to build their platforms on the Solana network.. Blockchain can achieve this through its unique “Proof-of-History” consensus, which allows Solana to remain fully decentralized while offering amazing scalability.
With these features, Solana has become a hub for those looking to make money with NFTs. It has also been used for Defib protocols and blockchain gaming, helping it compete with Ethereum. Given the high availability and low price, SOL tokens are ideal for beginner crypto investors.
Ethereum (ETH) – historical token moving to the POS system
Those who are starting to get into crypto may also want to consider adding Ethereum to their portfolio. Many analysts still consider Ethereum the best cryptocurrency to invest in because it is the backbone of the Deify and NFT industries.
In addition, the functionality of Ethereum smart contracts makes it ideal for decentralized application (dap) developers in various niches.
According to CoinMarketCap, the vast majority of crypto exchanges and brokers will offer ETH as a tradable asset as it remains the second largest cryptocurrency in the world.
Another reason to consider Ethereum is the upcoming transition to a Proof-of-Stake (Pops) consensus protocol. This transition, dubbed the “Merger”, is intended to improve Ethereum’s scalability and reduce GAS fees that have plagued network users for years. If this upgrade has the desired effect, Ethereum could make huge strides.
In this edition, we have presented a wide selection of promising cryptocurrencies for beginners to buy in 2022. We also considered in detail why these projects are suitable for starting on the crypto market. Two coins ideal for beginners are Stellar and Cardanol. In addition, both projects have a great future due to their unique use cases.