For beginners, it’s not easy to understand the mechanism of trading and investing in cryptocurrency successfully. And the abundant amount of information available online doesn’t help either. If the crypto world excites you, you’ll need an easy-to-comprehend guide to help you make your way during the initial stages.
Well, you are in luck, as you have found the most basic yet effective guide that will surely help you begin with all things crypto. In this article, you’ll get to know about the top 10 cryptocurrencies and why they are the best investment options for beginners.
Let’s get on with it!
Top 10 Cryptocurrencies for Beginners
- Hanging Trails - A Rising Star in cryptos
- yPredict - AI-Powered Masterpiece
- Bitcoin - Oldest Gem
- Ethereum - A Smart Network
- Binance Coin - Stable Investment
- Cardano - Faster and Cheaper Coin
- Polygon - A Multi-Chain System
- Dogecoin - The First Memecoin
- Avalanche - Scalability at its Finest
- Chainlink - The Most Dominant Digital Payment
Hanging Trails (TRAILS) - A Rising Star Crypto
Hanging Trails is a relatively new player in the game of cryptocurrency, but it has not disappointed its early investors. With a whopping return of 10 to 100x potential, this new crypto has already become a promising investment for many investors and traders.
A Crypto With a Cause
This crypto project is not all about the financial market as it was planned with a noble cause: to cater to the left-out communities in rural and relatively remote areas. This is a notion to help empower women in such communities by involving them in building a sustainable life for themselves. A sum from every investment goes straight to the mountain trail-making process for ease of their transportation. Not only that, but investors can also witness all these advantages as they will get to stay in their homestay and meet these hardworking people without paying a cent. Now, that’s what we call icing on the cake.
yPredict (YPRED) - AI-Powered Masterpiece
Unlike others, we are true to our words. If we say this crypto is a masterpiece, we have sufficient evidence to support that statement.
Free, Accurate, and Advanced
yPredict is the only platform where you can get free predictions that will also be as accurate as they can get. This platform uses AI algorithms and modern technology to provide real-time trading, pattern detection, and market sentiment analysis. You can also take advantage of YPRED payment options by earning rewards from staking and marketplace subscription. This is the best platform that lets its users use a whole ecosystem of AI models and tools with a 10 to 100x growth potential.
Bitcoin (BTC) - Oldest Gem
We are sure you have heard about this coin before becoming a crypto holder. This crypto has been around the longest and therefore faced the harshest wrath of market fluctuations. But it still manages to stand up headstrong every time.
One of the Finest Digital Currency
The most efficient advantage of Bitcoin is most businesses have started to accept Bitcoin as payment, making it a smart investment. Currently, Bitcoin now has a $510.54 Billion market cap with only 21 million coins in supply. This number, along with the market value, will surely raise the value of this crypto in the future, making it the safest bet for new investors. Apart from that, advantages like profile diversification and global accessibility as a significant ROI potential are also there.
Ethereum (ETH) - A Smart Network
Okay, pay attention now because we are going to drop a bomb of information on you. Ethereum is a decentralized platform that offers the most secure trading and investing experience with decentralized platforms and smart contracts.
The Most Secure Crypto
The main goal behind building Ethereum was to offer its user a globally available platform that would also be free to use. You can use all these services without any third-party interference, downtime fraud, and with complete control. Ethereum employs ether, a cryptographic token that is unique to its network. In addition to being used as a payment option off-chain and as an investment by speculators, ether (ETH) is used to pay validators who stake their currencies in exchange for their work for the blockchain.
Binance Coin (BNB) - Stable Investment
Binance coin is a native coin of the Binance exchange, and that’s why it’s an exchange-based coin. It is one of the most traded tokens in the world due to its multichain capabilities. This crypto is on our list for many reasons, but its affordability is definitely at the top.
Cost-Effective and Multi-Function
By choosing this token, you can avoid paying a high-trading fee as it offers a 25% discounted trading fee. This platform also allows to covert of various non-tradable crypto amount to BNB coins. There are added perks of maintaining the account balance and crossing the stockpiled trading value in Binance. In today’s market, the BNB market cap is at $51.91 Billion, with a total supply of 157.89 Million.
Here are the Other Top 5 Cryptocurrencies on our List and their Perks:
Cardano (ADA) - Faster and Cheaper
If your priority is to have a scalable and secure infrastructure, Cardano has got your back with a total $58 Billion market cap and 45 Billion ADA token supply.
Polygon (MATIC) - A Multi-Chain System
Previously known as Matic Network, Polygon is a layer 2 scaling solution that offers improved useability and scalability of Ethereum. Its market cap and supply numbers are the same, which is $10 Billion.
Dogecoin (DOGE) - The First Memecoin
The developers of this meme coin developed this cryptocurrency as a lighthearted project, so they didn’t expect the amount of success it gathered. With a $36 Billion market cap and a total supply of 130 Billion coins, Dogecoin is creating new milestones every day.
Avalanche (AVAX) - Scalability at its Finest
This is another decentralized platform that offers an advanced platform for preventing decentralization challenges that are often faced by blockchain platforms. The current market cap of Avalanche is $8 Billion, along with a 720 Million supply stock.
Chainlink (LINK) - The Most Dominant Digital Payment
Chainlink offers services like performing external procedures along with collecting off-chain data within a decentralized network. The market capitalization of LINK is $16 Billion dollars, and the total supply is 1 Billion.
Top Crypto Currency Trading Apps
Now that you are aware of the best investment choices let’s learn about the cryptocurrency trading apps:
Coinbase
This app offers a user-friendly interface that’s best for beginners. You can trade a wide variety of cryptocurrencies that will also help you diversify your portfolio. The security measure of this app is also one-of-a-kind, even on its mobile app version.
Pros
- Best for beginners
- Great security protocols
- Offers high liquidity for leading crypto coins
Cons
- Might be costlier than other platforms
- High trading volume may cause downtime sometimes
- Restricted control of the private keys
- Some cryptocurrencies might not be available always
Binance
Binance is a famous platform that lets its users spot trading when buying and selling cryptos in real-time market price. You can get lucrative rewards by stacking a selection of cryptocurrencies as well.
Pros
- Comes with advanced trading tools and features
- Has a supportive and active community
- Using BNB, its native coin, will let you save money on trading fees
Cons
- Beginners might find the interface a little complicated
- Users from selected regions might have issues with regulatory restrictions
- Facing a learning curve with some features
Kraken
With countless features, Kraken still dominates the market years after its launch. Some of its features are flat currency withdrawals and deposits, and that too with a robust security system.
Pros
- A two-factor authenticated security measure
- A competitive trading fee
- Best for beginners but advanced enough for expert traders as well
Cons
- Customer support might be problematic
- Not all cryptocurrencies are available in all regions
- Might face slow response time occasionally, as well as downtime during high trading
Future Trends & Analysis for 5 Years
If you want to be a successful trader in this game of cryptocurrency investment, you must know how to be a good market and trend analyzer. Trend analysis is a process that will help you read the market sentiment and trends to predict future stock prices. Here’s how you can do that:
A. Analysis Of The Current Cryptocurrency Market
The current cryptocurrency market has seen significant growth thanks to its widespread popularity and the application of advanced technology. Bitcoin still remains a dominant part of the crypto world due to its global recognition. The emerging decentralized application, AI tools, and models are also a big factor behind the recent popularity.
B. Predictions For The Future Growth And Adoption Of Cryptocurrencies
By analyzing the current trends, we expect to see these developments in the market in the next five years:
We are sure cryptocurrencies will soon dominate the global market, which has already started with Bitcoins. The market will continue to expand thanks to the application of modern technology. Crypto Platforms will offer more scalability, improved security, interoperability, and solutions for decentralized challenges.
C. Factors Influencing The Market In The Next Five Years
- We cannot say enough; technology will be the main reason for the market expansion. All the limitations users face will be gone or mitigated as a result of such advancement.
- Sustainability will be the main focus for many projects; as a result, we will see more eco-friendly adaptations soon.
- Because the market will expand beyond borders and will be available globally, certain global economic conditions might fluctuate the market.
Role of Technology in Cryptocurrency Trading
Technology's role in the whole process of cryptocurrency trading and investment is undeniable. Here’s how technology backs the entire cryptocurrency infrastructure and functionality:
- The whole world of crypto is built on blockchain technology. It is basically a decentralized system that records all the transactions securely to provide transparency.
- Cryptocurrency exchange platforms enable users to safely trade, sell and buy digital assets and without technology, it won’t be done so easily.
- Digital wallets are powered by technology as well. Users can securely manage and store their coins and tokens in different software, web-based, mobile, and hardware wallets.
- Machine learning and advanced tools play a vital role in analyzing market and data trends to provide precise predictions. So thanks to technology, you can make a safe bet and protect your investment.
- Lastly, the technology protects all your assets and transactions from third-party inference through encryption techniques, biometric verification, and 2FA.
Conclusion
Investing in crypto can be a risky game, but it is surely rewarding. Being smart when investing in crypto is only a defense for you. Analyzing market sentiment and trends and knowing how to use the prediction tools will help you mitigate risk. We suggest the readers look into the prospects of Hanging Trails and yPredict for investment purposes.
You must stay informed and adaptive to the ever-changing market. The cryptocurrency industry is extremely volatile, with evolving regulations and challenges. But tools and models are also available to mitigate the risk and resources to stay updated with the latest information. You should make the most of these online tools and resources. However, you can also get help from attending webinars and conferences when you are offline. We would suggest you start evolving with the market.
FAQs
How does cryptocurrency work?
Blockchain technology is at the core of cryptocurrency. This technology helps users with the transaction of this digital asset.
How safe is cryptocurrency investment?
Like any other investment, investing in crypto comes with challenges and risks. But with the right plan, you can earn substantial monetary growth through this.
Which cryptocurrency is best for beginners?
The best cryptocurrency for beginners is Hanging Trails and yPredict, which are relatively new projects with 10-100x potential. That means early investors can earn massive returns by investing in these two projects.
Glossary
USD: Short for United States Dollar.
Xrp: Name of a cryptocurrency or digital asset.
Tether: Name of a stablecoin.
usdc: It is used to send remittances across the border.
Blockchains: A system that enables cryptocurrency trading, selling, and buying.
