Crypto offers a new class of investment assets that has experienced exponential growth over the past few years. More and more money is pouring into cryptocurrencies, and as such, if you are thinking of trying your hand at it, this is the best time. Here are some of the highlights:
The cryptocurrency market is full of many projects, each of which has its own advantages.
As a beginner, it is often difficult to decide what to buy.
But the key is to focus on more established coins with some name recognition.
Here are 3 of the best cryptocurrencies for novice investors:
Bitcoin (BTC) It is the largest cryptocurrency by market capitalization and considered the gold standard regarding the crypto market. The name has been recognized and circulated for years.
Data source: Tradingview.com
You do not need to do a lot of background analysis to know what Bitcoin is, and besides that, all the information you need to trade Bitcoin as a beginner is readily available. Finally, you can literally buy Bitcoin (BTC) on all the major exchanges out there.
Just like Bitcoin (BTC), Ethereum (ETH) It also has the global name because it is the second largest coin by market capitalization. You will be able to buy it and sell it on all the major exchanges out there.
Moreover, these days you don’t even need to buy a full ETH or even BTC. This makes the two currencies ideal for small investments. Ethereum is seen as the foundation of the blockchain industry and has a lot of future potential.
It is also important for beginners to have some investments in Stablecoins. This can help protect against volatility in the market. There are many stablecoins of course.
But rope (USDT) It is a wonderful choice. It is ranked among the top 5 cryptocurrencies by market capitalization and has the same name recognition as Ether and Bitcoin. You can also buy it on the major central exchanges.