Do you wish to invest in the cryptocurrency market but have never done so? Then, avoid the market’s apparent complexity. Several cryptocurrencies are ideal for newcomers because they allow investors to get in on price fluctuations without having a deep understanding of how cryptocurrencies work.
This article will examine the best cryptocurrencies for newcomers in 2023, focusing on initiatives that may provide attractive investment opportunities.
- Best Overall Token: Ethereum
- Unique Investment Opportunity: RobotEra
- Project With Strong Fundamentals: UniSwap
- Innovative Token For Long Term: Lucky Block
- Token To HODL & Forget: Bitcoin
Must-Have Cryptos For A Beginner Investor
Bitcoin, often known as the ‘first cryptocurrency,’ was developed in 2009 by an anonymous individual or group using the alias Satoshi Nakamoto. Bitcoin is a decentralized digital money that operates independently of any central authority. Instead, all exchanges are recorded on a distributed public digital ledger known as a blockchain, which ensures a visible and unalterable trail of ownership throughout the transfer of funds.
There will only ever be 21 million bitcoins available for mining, making it a scarce commodity. Bitcoin enables instant, low-cost, anonymous payments without a central authority verifying the sender’s identity. Due to the absence of any monitoring or governing body, bitcoin can be used to purchase illicit goods and services, and its value can be highly volatile.
The token initially distributed for free has become the first ever token to reach the $60,000 mark. Today, BTC has several usabilities. For example, you can use Bitcoin to buy Expedia hotel rooms, Overstock furnishings, and Xbox games. Fast forward to 2023, BTC has fallen below the $20,000 range, making it a perfect opportunity for beginners to invest in the token.
RobotEra is a brand-new gaming project that will soon release its cryptocurrency, known as TARO. This currency will regulate the economy of the game world and allow players to make money within the game. TARO is currently available for purchase through a sequence of presale rounds.
Players can purchase NFT land plots, design their own NFTs, and participate in various quest-based challenges while playing the game. The fact that TARO is an ERC-20 token also means that it can be staked to generate yield. Staking TARO also gives holders the power to vote and participate in decision-making procedures within the project’s decentralized autonomous organization (DAO).
During these rounds, 15% of the total 1.8 billion token supply will be distributed to those participating in the sale. In addition, players can utilize TARO to acquire a one-of-a-kind Robot NFT, which grants them entry to the RobotEra metaverse. However, only 10,000 of these NFTs will ever be made available for purchase, and they will be distributed in seven separate campaigns that will take place on various continents of the Taro Planet.
When talking about investing in tokens as a beginner, you can’t possibly overlook the industry’s silver, Ethereum, a decentralized, open-source computing platform based on blockchain technology. It enables the creation of smart contracts and applications that are not centralized (dApps). In 2013, a programmer named Vitalik Buterin, who was also one of the co-founders of Bitcoin Magazine, made the initial suggestion. Ethereum was first introduced to the public in 2015 and has since grown to become the second-largest blockchain network in the world, behind only Bitcoin in terms of market capitalization.
Ether (ETH), Ethereum’s native cryptocurrency, is used as fuel for running decentralized applications and smart contracts on the Ethereum network. Ether can be thought of as the “fuel” for Ethereum. Ethereum is programmable, meaning developers can build and deploy their decentralized applications on top of the Ethereum blockchain. This is one of the primary distinctions between Ethereum and Bitcoin. Bitcoin is not programmable. On the Ethereum network, the presence of this feature has inspired the development of a wide range of applications for decentralized finance (DeFi) and non-fungible tokens (NFTs).
In the past, Ethereum has undergone several upgrades and changes, the most noteworthy being the introduction of Ethereum 2.0, which included a proof-of-stake (PoS) consensus process that was more effective and environmentally friendly. However, the existing proof-of-work (PoW) algorithm is known for its high energy consumption. Thus, this adjustment is being made to lower that consumption while simultaneously improving the scalability and security of the network.
Next, we have Calvaria, a play-to-earn cryptocurrency project that enables players to earn crypto rewards through in-game activities. Players can do this by participating in in-game activities and earning Calvaria tokens. The platform uses the native cryptocurrency $RIA, and the symbol eRIA denotes the in-game currency.
Battle Cards, which are non-fungible tokens (NFTs) produced using ERC 721 smart contracts, can be purchased with eRIA by players. Investors also have the option to stake $RIA tokens in exchange for eRIA and access to various NFTs. Staking $RIA tokens also allow users to enter the platform’s DAO (decentralized autonomous organization), providing them voting rights on the network.
The project is now in the presale phase, during which thirty percent of the total market value of one billion dollars is being allocated across ten phases. At this time, $RIA tokens can be obtained for a price of $0.02 each, corresponding to stage 3 of the development process. On the other hand, it is anticipated that the price will rise to $0.055 by the time the final round of the presale occurs, resulting in a 175% price increase.
Lucky Block (LBLOCK)
Lucky Block, a top-trending cryptocurrency that made an impact at the beginning of 2022, maybe an ideal choice for newcomers interested in winning daily prizes. As a result of the high level of interest from potential investors, the cryptocurrency’s presale was completed in a hurry, and its development team decided to move up the listing date on PancakeSwap. When it was finally posted on PancakeSwap, the cost of an LBLOCK token increased by more than 3,000% compared to its pricing during the presale.
The Lucky Block platform hosts regular competitions for its users, and those users can win enticing prizes by participating in these competitions. The team just revealed an NFT competition platform that enables users to purchase NFTs and win awards. Those who bought Lucky Block NFTs early in the year will be granted free entry into weekly contests, including a wide variety of incredible prizes, video gaming systems, watches, and more.
This function gives users an additional reason to invest in Lucky Block, as they not only profit from the growth in the value of the token but also have the opportunity to real-world win prizes as a result of their participation. Therefore, lucky Block can be a fantastic choice for newcomers seeking a way to earn daily prizes while still participating in the bitcoin market.
Binance Coin (BNB)
Sixth on our list of the top cryptos to buy as a beginner is the Binance Coin (BNB), a utility token designed by the world’s largest and most liquid centralized exchange, Binance. This native token of the Binance smart chain has made itself one of the top go-to options for investors, primarily for its outstanding historical price movement and a possible, stable future.
The BNB coin has only been operating for five years and has risen to the top 5 cryptocurrencies. It also saw a rally during this time, rising from an ICO price of $0.15 to its most recent high of $690, a gain of more than 460000%. As a result, BNB is among the finest cryptocurrencies to purchase for newcomers hoping to grow their money in the background as they learn about the crypto sphere and how to invest in the project.
Because extremely well-known and long-lasting crypto projects support it, BNB is also one of the finest starter cryptocurrencies. It is anticipated that the Binance exchange and the Binance smart chain will keep expanding their power and influence over the cryptocurrency markets, developing new applications for the token and raising demand. Binance has also promised to constantly burn BNB coins, lowering their availability in the face of rising demand and driving up the price of BNB tokens.
Concluding our list of the top cryptos to buy as a beginner is Uniswap or UNI. It is a great token to invest in, and HODL as it is one of the largest and fastest-growing decentralized exchanges. Moreover, thanks to its revolutionary function, the exchange is anticipated to play in the cryptocurrency universe; Uniswap has been referred to as the finest future cryptocurrency several times.
It is the preferred platform for investors seeking to buy, sell, or trade cryptocurrency in an anonymous manner, and its popularity is on the rise. More than 3 million people have joined Uniswap, and they have exchanged cryptocurrencies worth $1.1 trillion on the market. What’s more? Due to its accessibility, stellar historical performance, and predicted future value growth, it is also included as one of the best cryptocurrencies for novices to acquire.
For instance, it is anticipated that the UNI token will have increased by more than 7500% to break the $600 barrier by 2030. And all of them demonstrate why UNI is a great revenue stream and store of value for newcomer cryptocurrency investors.
Now You Know!
This brings us to the end of our blog on the top cryptos you could purchase as a beginner. So now that you have a curated list, we hope it’s no longer difficult to find and invest in the top cryptos as a beginner.
However, while you’re at it, consider the different price movements, fundamentals, and possible future growth for any chosen token. All the best!