In a world where digital currencies reign supreme, the idea of investing in cryptocurrencies may seem daunting to beginners. However, with the right knowledge and guidance, anyone can ride the wave of this lucrative market.
The top 5 cryptocurrencies we’re about to explore are like the shiny gems in a treasure chest – waiting for eager beginners to discover them. Each token has its unique features, growth potential, and an impressive track record in finance. These carefully selected cryptocurrencies include DigiToads, Near Protocol, Tron, Solana, and Ethereum. So, if you wonder how to get into cryptocurrency, read on.
DigiToads (TOADS) – Top ICO of 2023
DigiToads stands out as an exciting investment opportunity with immense growth potential in the rapidly evolving world of cryptocurrencies and blockchain technology. Combining a meme coin with a play-to-earn platform, this unique ERC20 token offers crypto enthusiasts a chance to diversify their portfolios while exploring multiple income-earning opportunities.
DigiToads users can stake non-fungible tokens, earn rewards, participate in competitions, and play games. Its native token, TOADS, serves as the primary cryptocurrency on the network, paving the way for a 450% increase in the presale price at launch. This growth potential makes DigiToads an attractive option for investors seeking high returns.
The platform also organizes monthly trading competitions, rewarding Platinum Toads to the winner. A Platinum Toad grants remote access to 1/12th of the treasury fund and allows winners to keep 10% of the profits they generate.
During the ICO phase, TOADS will be sold in ten separate stages. The price is scheduled to rise at each stage, reaching $0.055 at launch. The project has so far raised more than $825K in the first few weeks, and the number is only expected to rise as the demand and hype remarkably increase around the project.
Notably, the presale phase includes generous giveaways, referral rewards, and many sorts of bonuses to motivate the community to stay involved. Therefore, if you wonder which crypto to buy today for long-term, DigiToads, with its audited smart contracts, a reliable doxxed team, and actual growth potential, is the most accurate option.
Near Protocol (NEAR) – Still Good Crypto To Buy?
Launched on October 14, 2020, at $1.69, the near coin has experienced mostly positive price action, breaking through the $5 mark in August 2021 and surpassing the crucial $10 psychological barrier in September. As we venture into April 2023, the overall bullish market trends position NEAR as one of the best investment options for investors.
Near Protocol is a Layer 1 blockchain designed as a community-run cloud computing platform, providing an environment to host the creation of other decentralized applications (dApps), including non-fungible tokens (NFTs). The NEAR network is secured through a unique proof-of-stake variation consensus mechanism known as Doomslug. Unlike traditional consensus mechanisms, Doomslug features two consensus rounds, finalizing the block after the first communication round. This process allows for relatively instant block confirmations as validators take turns verifying blocks rather than competing directly.
Another key feature of Near Protocol is its use of Nightshade technology, a variation of sharding that significantly improves transaction scalability. Sharding enables a more scalable approach by splitting the blockchain transaction history, allowing each shard to be processed in parallel. This enhanced scalability makes Near Protocol an ideal platform for developers seeking to build high-performance dApps without compromising security or decentralization.
Given its innovative consensus mechanism, advanced sharding technology, and strong price performance since inception, Near Protocol presents one of the best beginner-friendly investment opportunities.
Tron (TRX) – Why is it a Credible Crypto for Beginners?
Launched in 2017 by Justin Sun, Tron aims to decentralize the internet and revolutionize the content-sharing industry by providing a platform that enables creators to own, distribute, and monetize their digital content without relying on intermediaries such as Google or Facebook. At its core, Tron operates on a highly scalable and efficient blockchain, which boasts fast transaction speeds and low fees, making it an attractive choice for users and investors.
One of the key differentiators of Tron is its highly capable development team and strong community support, both of which have helped drive significant advancements in the platform’s functionality. Tron’s native token, TRX, is used as the fuel for smart contracts and serves as a medium of exchange within the ecosystem, providing ample opportunities for investors to capitalize on its growth. In recent years, the Tron network has witnessed a surge in the number of decentralized applications (dApps) being built on its platform, further strengthening its position in the competitive crypto landscape.
Another compelling reason to invest in Tron (TRX) is its strategic partnerships with industry leaders, such as BitTorrent and Samsung, which have helped to enhance its credibility and market reach. Moreover, Tron’s ambitious roadmap, featuring innovative projects like the Tron Virtual Machine (TVM) and the Sun Network, showcases the platform’s commitment to continuous improvement and expansion.
As the demand for decentralized content sharing and blockchain-based solutions continues to rise, Tron (TRX) appears as a promising and especially safe investment opportunity for beginners to diversify their crypto portfolio and capitalize on the burgeoning digital economy.
Solana (SOL) – The altcoin of all time
Founded by Anatoly Yakovenko in 2017, Solana is a high-performance blockchain platform that focuses on delivering unparalleled speed, scalability, and security. Its unique Proof-of-History (PoH) consensus algorithm enables the network to process thousands of transactions per second (tps) at minimal costs, making it an ideal choice for various applications, including decentralized finance (DeFi) and non-fungible tokens (NFTs).
The recent performance of Solana’s native token, SOL, is a testament to its strong growth potential. Over the first week of 2023, Solana saw an impressive 33.58% increase, marking a notable rebound for a cryptocurrency down nearly 94% in 2022. This uptick not only highlights the resilience of the Solana ecosystem but also signifies the high possibility of further growth in the near future.
For beginners looking to enter the crypto market, Solana (SOL) presents an attractive investment opportunity due to its user-friendly platform, robust infrastructure, and growing ecosystem of dApps and projects. Additionally, Solana’s partnership with industry giants like Chainlink and Serum, along with its active developer community, further strengthens its position as a leading blockchain solution.
Ethereum (ETH) – Can It still grow further?
The leader of the DeFi market, Ethereum, was founded in 2015 by Vitalik Buterin as a decentralized open-source blockchain platform that enables developers to build and deploy decentralized applications (dApps). Ether (ETH) is the cryptocurrency that powers the Ethereum blockchain, and it is currently the second-largest digital asset by market capitalization after Bitcoin.
One of the main reasons why Ethereum is considered a good investment option is its versatility. It is used for transactions and for creating and deploying smart contracts, decentralized autonomous organizations (DAOs), and non-fungible tokens (NFTs).
Although being a market veteran, the room for growth for Ethereum is vast. That’s especially true considering its upcoming Shanghai upgrade, scheduled for April 12, which is set to boost its price.
This upgrade will allow ETH stakers to remove both their staked ETH and the rewards accrued, which the crypto community has long sought. As a result, Ether has already gained 6% in the last 24 hours, and once the Shanghai update occurs, its price is expected to rise further.
Final Takeaway
Cryptocurrency for beginners can be overwhelming, and at first, you will encounter thousands of ICOs rushing you to choose their project. Therefore, it is crucial to conduct thorough research and develop a clear understanding of each project before committing any funds.
Consider asking yourself the following questions: Has the project undergone an audit? Who are the team members, and if they are publicly identified (doxxed), do they possess the qualifications to deliver on their promises?
After filtering projects based on these criteria, evaluate the utility and opportunities offered by each. Determine how you can benefit from the project, such as the potential for passive income or the rewards offered for user engagement. This assessment will narrow down your options to a select few assets.
Finally, choose a few personal favorites from this refined list, either new gems like DigiToads or well-established ones like Ethereum, and create a diversified portfolio to embark on your trading journey.
For More Information on DigiToads visit the website, join the presale or join the community