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Cryptocurrency
Cryptocurrency is highly volatile, and new traders might have difficulty trading it. That said, with some understanding of how financial markets work, you should be able to get started. Some cryptocurrencies are beginner-friendly, and pretty much anyone can trade them.
This article looks at some of the best beginner cryptocurrencies to invest in 2023. You will learn about cryptocurrencies with growth potential and pretty reasonable entry points for beginner traders.
Best beginner cryptocurrencies to buy in 2023
Most of the best cryptocurrencies to invest in 2023 are easily accessible to the average investor. They also have strong growth prospects, which is what investors are looking for when buying crypto.
Shiba inu (shib) – beginner-friendly cryptocurrency with a fast-growing community.
Ethereum (eth) – beginner-friendly cryptocurrency available on all major exchanges.
Terra classic (lunc) – top beginner cryptocurrency with improving tokenomics.
Fogecoin (doge) – top beginner meme coin with growing adoption.
Cardano (ada) – ethereum competitor that is easily available on most exchanges.
Ripple (xrp) – beginner-friendly cryptocurrency with potentially big news coming up.
Stellar (xlm) – top decentralized payment network that is available on most exchanges.
Cosmos (atom) – high-potential beginner cryptocurrency that is focused on interoperability.
Polkadot (dot) – beginner cryptocurrency taking on the web 3.0 market.
Bitcoin (btc) – top beginner cryptocurrency that is growing in adoption.
Solana (sol) – highly scalable l1 blockchain easily accessible to beginners.
Virtual currencies are highly volatile. Your capital is at risk
A deep look at the top beginner cryptocurrencies to buy in 2022
Anyone new to the world of cryptocurrencies and looking to invest can feel intimidated and confused by the sheer number of coins on the market. However, many great options are well-suited for beginners. Many of these coins are yet to gain any major adoption making them highly attractive to investors who want to get in on the ground floor and gain exposure while they're still relatively cheap. Investing in these cryptocurrencies is also easy, too. You are good to go with just a few clicks on your laptop or even smartphone.
Let's now dive deep into the top 11 beginner cryptocurrencies to buy for 2023.
Shiba inu (shib) – beginner-friendly cryptocurrency with a fast-growing community.
If you're new to the crypto world and looking to get involved in a community, shiba inu is one of the top beginner cryptocurrencies to buy in 2023. Shiba inu has been going strong for years now, building a loyal fanbase and staying top-of-mind among crypto enthusiasts. Besides the community and the hype of being a top meme coin, there are many other reasons why shib is good for beginner cryptocurrency investors.
Whether you're a seasoned investor or just dipping your toes into crypto waters, shiba inu offers something for everyone: low entry price, high trading volume, fast transaction times, and rock-solid security (ethereum-based token).
Shiba inu's fundamentals are getting better as well. One of these developments is shibaswap. Shibaswap is an innovative new platform that makes it easy for shib holders to buy nfts, swap tokens, and even stake shib. Shiba inu has also made forays into the metaverse, a factor that could keep driving up investor interest.
When you put all this together, and shiba inu is one of the cheapest cryptocurrencies to buy, it is not hard to see why it is one of the best beginner cryptocurrencies to buy in 2023.
Virtual currencies are highly volatile. Your capital is at risk
Ethereum (eth) – beginner-friendly cryptocurrency available on all major exchanges.
Ethereum is one of the best picks for a beginner's portfolio due to its many unique features and applications. Most notably, ethereum is at the heart of two rapidly growing sectors: defi (decentralized finance) and nfts (non-fungible tokens). Not only does this mean that ethereum can potentially see increased demand over time, but it also makes it well-suited for dapp developers across various industries. Whether you are looking to invest in projects related to finance, gaming, healthcare, or something else entirely, there is likely an ethereum-powered solution out there to suit your needs. Overall, if you are just getting started in crypto and want to make a smart investment that has the potential to grow over time.
When choosing the best beginner crypto to buy in 2023, ethereum is an obvious choice. Besides its capabilities discussed above, ethereum is easily one of the most popular cryptocurrencies today. It is available on all major cryptocurrency exchanges, hence easy for new traders to incorporate it into their trading strategies.
Additionally, because ethereum has remained one of the world's largest and most influential cryptocurrencies, its value will likely continue to rise over time as more and more people invest in it. So, if you're starting out with cryptocurrency trading, there's no better option than ethereum.
Virtual currencies are highly volatile. Your capital is at risk
Terra classic (lunc) – top beginner cryptocurrency with improving tokenomics.
Terra classic can't miss among the best beginner cryptocurrencies to buy in 2023. Like a phoenix rising from the ashes, the terra blockchain has emerged as a powerful force in the crypto world. Fueled by a passionate community and supported by an incredible pool of developer talent, terra is set to become the backbone of the next generation of web3 products and services. With its innovative consensus algorithm, sophisticated security architecture, and groundbreaking governance model, terra is poised to become one of the most influential blockchains in existence.
On top of that, terra classic recently had a token burn supported by top cryptocurrency exchanges like binance. This means the supply will reduce over time, which will reflect in the price.
With a strong community, a growing ecosystem of dapps, and the token burn, the odds are that lunc is one of the best beginner cryptocurrencies to invest in 2023.
Virtual currencies are highly volatile. Your capital is at risk
Dogecoin (doge) – top beginner meme coin with growing adoption.
Dogecoin is a true testament to the power of community. At its core, dogecoin was born out of a somewhat random meme. From the beginning, dogecoin has embodied one simple truth: no matter who you are or where you come from, we can all get along and share a common love for the quirky little coin that brings us so much joy. And underpinning all of this is blockchain technology - a revolutionary system for storing information that is decentralised, secure, and maintained by thousands of different computers known as nodes.
Since 2020, the dogecoin movement has grown even stronger. This means in the next bull run, it could be among the top cryptocurrencies that do well. It is also notable that dogecoin is available on most top cryptocurrency exchanges, which makes it easily accessible to beginner investors.
Virtual currencies are highly volatile. Your capital is at risk
Cardano (ada) – ethereum competitor that is easily available on most exchanges.
Cardano is widely considered one of the market's most promising cryptos. With its innovative approach to smart contracts and its solid foundation in peer-reviewed research, this digital currency is well-positioned to capture the attention of institutional investors. The team behind cardano consists of some of the most experienced and knowledgeable developers in the crypto space, and their practical experience ensures that the project is safe and reliable. Overall, cardano has all the right ingredients to become a major player in the fast-growing world of cryptocurrency, making it one of the top growth cryptocurrencies in the market today.
Cardano is also known for its highly advanced proof-of-stake algorithm. With this approach, network users stake ada tokens to actively validate blocks while also earning a passive income from it. And by using less power than bitcoin or ethereum, cardano is far better for the environment. Additionally, the network's unique design allows for greater scalability and adaptability, making it an attractive choice for developers looking to build decentralised applications in various industries.
Cardano is also easily available on all major exchanges and relatively cheaper than bitcoin or ethereum. For this reason, it stands out as one of the best beginner cryptocurrencies to buy in 2023.
Virtual currencies are highly volatile. Your capital is at risk
Ripple (xrp) – beginner-friendly cryptocurrency with potentially big news coming up.
Ripple easily makes this list of the best beginner cryptocurrencies to buy in 2023 for its potential big news in short to medium term. If the ongoing case between ripple and the sec ends in ripple's favour, xrp could rally.
However, even xrp's core fundamentals make it a beginner-friendly cryptocurrency to buy in 2023.
When building the world's most powerful, reliable, and fast public blockchain, xrp sets itself apart from the crowd. Unlike most blockchains that are fueled by massive amounts of energy and specialised hardware like asics, xrp runs on a distributed network of nodes powered primarily by the individual devices of its growing global community of developers.
Xrp's efficiency has seen it grow in adoption, especially in the asian banking sector. All this while the price remains depressed. It's an indicator that xrp is trading at a reasonable price level for beginner investors. At the same time, xrp, like all the other cryptocurrencies in this list, is available on most top cryptocurrency exchanges.
Virtual currencies are highly volatile. Your capital is at risk
Stellar (xlm) – top decentralised payment network that is available on most exchanges.
Xlm is the native token of the stellar network, a cryptocurrency that has made global payments faster and more efficient. by leveraging decentralised technologies and overcoming many of the limitations of conventional payment networks, stellar has made it possible for individuals everywhere to send and receive funds at lightning speed, with virtually no cost.
The stellar network is powered by an innovative consensus protocol known as the stellar consensus protocol (scp). Using this protocol, transactions are validated by nodes that span the globe, ensuring that transactions are secure and accurate. The result is a smooth, rapid process of completing transactions that outstrips even traditional payment services in terms of speed and efficiency. Stellar's potential is also evident in its growing number of partnerships. For instance, stellar already has partnerships with top corporations like ibm.
Aside from these capabilities, stellar's low entry price and its availability on all major cryptocurrency exchanges make it a top beginner cryptocurrency to buy in 2023.
Virtual currencies are highly volatile. Your capital is at risk
Cosmos (atom) – high potential beginner cryptocurrency that is focused on interoperability.
Use cases are among the key considerations when analysing the best cryptocurrency to buy. For this reason, atom makes it to the list of the best beginner cryptocurrencies to invest in 2023.
To fully capitalise on the many benefits of decentralised blockchain technology, creating a flexible ecosystem that allows for easy communication and exchange across multiple platforms is essential. The cosmos project aims to do just that by utilising the ibc protocol, or inter-blockchain communication. This protocol allows different chains to communicate and interact with each other using common standards and protocols, making it easy for apps and services to connect seamlessly across crypto ecosystems.
With this innovative approach, the cosmos project has created a versatile platform that can be used not only to send data or assets from one chain to another, but also to create powerful new applications that utilise the capabilities of various blockchains in creative ways. Whether you are an investor looking for more exposure in the world of cryptocurrency, or a developer looking for new opportunities, cosmos has something of interest for everyone.
Besides its strong fundamentals, cosmos is available on all major cryptocurrency exchanges. This means it is easily accessible to beginner investors. Cosmos is also trading at a massive discount off its most recent highs. This means it is a good entry point for an investor looking for a beginner cryptocurrency to invest in 2023.
Virtual currencies are highly volatile. Your capital is at risk
Polkadot (dot) – beginner cryptocurrency that is taking on the web 3.0 market.
Next on our list of top beginner cryptocurrencies to buy in 2023 is polkadot. Polkadot is a truly exciting project in the blockchain space. recognising the issue of disparate, isolated blockchains, polkadot looks to boost interoperability between different chains to facilitate greater collaboration and communication within the industry.
At its core, polkadot revolves around a central relay chain that coordinates with all other chains on the network. This allows developers to create their own sub-chains within the polkadot network and customise their transactions according to their needs. Whether you're working on a payment platform or dapps for decentralised finance, polkadot provides a streamlined way for developers to connect and work towards common goals.
Overall, polkadot is an intriguing project that has great potential for revolutionising the blockchain space by enabling more seamless interoperability between different blockchains. With its innovative protocols and solid technical foundation, this ambitious undertaking shows great promise for the years ahead.
With these capabilities and the fact that polkadot is available on most top exchanges, there is no doubt that polkadot is one of the best beginner cryptocurrencies to invest in 2023.
Virtual currencies are highly volatile. Your capital is at risk
Bitcoin (btc) – top beginner cryptocurrency that is growing in adoption.
Bitcoin has become the leading cryptocurrency, not only in terms of market share and trading volume, but also in terms of investor confidence and credibility. Much like the internet revolutionised how we communicate with each other and exchange information, bitcoin has changed the way we conduct financial transactions. Thanks to its pioneering status and cutting-edge technology, bitcoin has risen to the top as the most trustworthy cryptocurrency on the market.
Despite being one of the oldest cryptocurrencies, bitcoin remains at the forefront of innovation. From its rock-solid proof-of-work consensus mechanism to its decentralised payment system, bitcoin remains incredibly relevant and constantly responds to changing market conditions to remain competitive. As a result, this digital currency continues to reap the rewards from its first-mover advantage and leading position in cryptocurrency. Whether you're an experienced investor or just starting with cryptocurrencies, you can't go wrong by choosing bitcoin as your preferred investment vehicle.
Bitcoin as a beginner-friendly cryptocurrency is also evident in the fact you can buy a fraction of it. Fractional investing means traders can purchase small amounts of btc instead of investing in an entire coin, which tends to be very expensive. In this way, investors can easily tap into btc's price movements even if they are on a tight budget or are new to cryptocurrency trading. With all these factors, it's easy to see why bitcoin is one of the top beginner cryptocurrencies for beginners to buy in 2023.
Virtual currencies are highly volatile. Your capital is at risk
Solana (sol) – highly scalable l1 blockchain that is easily accessible to beginners.
Next on the list of beginner cryptocurrencies to buy in 2023 is solana. When solana burst onto the cryptocurrency scene in 2021, it quickly caught the attention of investors and developers alike. Featuring an innovative blockchain architecture that was optimized for scalability, this young cryptocurrency showed incredible potential for growth. With ethereum struggling with high gas fees, dapps developers flocked to solana, drawn by its ability to scale seamlessly up to 50k transactions per second.
Thanks to its fast transaction speeds, low fees, and strong developer community, solana quickly rose to become one of the most influential cryptos in the space. And with speculation running high and adoption continuing to rise, there is no doubt that this currency will continue to thrive well into the future. It is already outpacing most of its competitors in terms of adoption by traders looking to profit from nfts.
One thing that makes solana an excellent cryptocurrency to buy is its revolutionary consensus mechanism. Solana can handle up to 65,000 transactions per second (tps), with a cost that is significantly lower than many other blockchains. This remarkable feat is made possible by using a unique 'proof-of-history' consensus mechanism, which ensures that solana remains decentralised while still achieving scale and efficiency that far surpasses most other platforms.
All this, coupled with the fact that solana is available on most major cryptocurrency exchanges, makes it one of the best beginner cryptocurrencies to invest in 2023.
Virtual currencies are highly volatile. Your capital is at risk
How to choose the best beginner cryptocurrency
Up to this point, you have a good idea of the best beginner cryptocurrencies to buy in 2023. Now we will take you through our methodology for choosing them. This will help you choose other beginner-friendly, promising cryptocurrencies going into the future.
Let's now look at the five essential factors when choosing a cryptocurrency to invest.
Consider the whitepaper
When looking for the best beginner cryptocurrency to buy in 2023, the roadmap is one of the most important factors to consider. This document outlines the cryptocurrency's overall trajectory, goals, and major milestones for the coming months or years. A robust and well-conceived roadmap can help to give investors confidence that a project has a solid plan for success.
Along with looking at the project's development team, another crucial consideration when evaluating potential investments is the whitepaper. This document provides extensive detail about all aspects of the project, including technical specifications, use cases, potential risks, and future implementation plans. By carefully reviewing this information, investors can assess whether they think a particular project will be able to achieve its goals and ultimately deliver on its promises.
Finally, it is also essential to consider a cryptocurrency's network effects when making an investment decision. Are there other users or participants in this ecosystem? How many people are using it today? What does its community look like? These are just some of the questions that need to be answered to form an accurate opinion about a given cryptocurrency's future success or failure.
By evaluating these three key factors – roadmap, development team, and whitepaper – investors are better equipped to decide where best to place their funds.
Check out the price potential
If you are a beginner cryptocurrency trader looking to buy the next big cryptocurrency to rally in 2023, then make sure to get in at a low price. When investing in cryptocurrencies, price is often an essential factor. Many beginners looking to get in on the action in hot cryptocurrencies may consider finding a coin with a low starting point, as this opens up the potential for exponential gains. While these types of cryptocurrencies tend to be riskier than those with higher prices, they also hold the most significant potential for enormous returns.
Some cryptocurrencies that began trading for just pennies or dollars, such as bitcoin, ethereum, and ripple, are now worth hundreds or even thousands of dollars per coin and while these types of investments may be especially appealing to risk-takers and adventure seekers, they do require careful research and knowledge of the market before diving in headfirst. So, if you're looking for the next cryptocurrency to explode and are willing to stomach some risks along the way, start exploring low-priced options today.
Don't compromise on the use cases
There are many factors to consider when evaluating cryptocurrencies, but perhaps the most important is the use case. A successful cryptocurrency must have a viable purpose in the real world, or it will quickly lose its value and fade into obscurity. This sets projects like bitcoin apart from "pump-and-dump" schemes. These latter projects focus more on speculation than actual utility, often promising unrealistic returns that never come to fruition.
Whether this means facilitating fast, secure transactions; creating new programmable platforms that allow for decentralised applications; or offering an alternative to fiat currencies that can be used across borders, cryptocurrencies with a strong use case tend to rise above short-term hype cycles. Ultimately, the ability to see beyond speculation and hype is what separates the winners from the losers in the burgeoning world of cryptocurrencies. So, if you're a beginner cryptocurrency looking for a growth cryptocurrency in 2023, focus on whether the cryptocurrency you are eyeing has a meaningful use case.
Go for easily accessible cryptocurrencies
For a crypto to be beginner-friendly, it needs to be easily purchased directly through a reputable exchange using a standard laptop, smartphone, or tablet. Luckily, many different tokens on the market today meet these criteria and are perfect for those new to the world of cryptocurrency.
One of the best cryptocurrency exchanges where you can buy beginner-friendly cryptocurrencies is etoro. Etoro is regulated across multiple jurisdictions, has multiple deposit and withdrawal options, and you can start trading for as low as $10. This makes it perfect for beginner traders who want to get a market feel before scaling up on their investments.
Go for cryptocurrencies that have passive income potential
When it comes to investing in cryptocurrencies, there are many different factors to consider. For beginners, one of the most critical factors is a cryptocurrency's passive income potential. After all, earning a steady stream of passive income from your digital assets can make all the difference in long-term growth and financial stability.
Luckily, several different cryptocurrencies offer regular income for investors. Some currencies rely on staking, essentially where users lock their coins away over time to earn rewards. Other cryptos offer liquidity mining, which uses smart contracts and algorithmic trading to generate returns based on price movements. Whether you're a beginner or an experienced investor, cryptocurrencies that offer regular income can be a great choice for anyone looking to invest in cryptocurrencies in 2023.
Virtual currencies are highly volatile. Your capital is at risk
Best beginner cryptocurrency in 2023 – conclusion
This guide gives you an in-depth look at the best beginner cryptocurrency to invest in 2023. Although cryptocurrency investing is not easy for someone not fully conversant with the market dynamics, any of the above cryptocurrencies has a low entry point for investors.
We believe shiba inu is the best beginner cryptocurrency for 2023. Shiba inu's low price means it is affordable even to small investors. At the same time, shiba inu has growth prospects, thanks to all the developments going on in the shiba inu ecosystem. Most importantly, shiba inu is available on all top cryptocurrency exchanges, including etoro.
Virtual currencies are highly volatile. Your capital is at risk
FAQ's
How much should a beginner crypto investor stake?
You can buy any amount worth of cryptocurrencies. it all boils down to your risk appetite.
What is the best cryptocurrency for beginners?
Any of the cryptocurrencies discussed above is good for beginners. However, from one analysis, we believe shiba inu considers the price the best of the 10 above.
Are there risks to beginner-friendly cryptocurrencies?
All cryptocurrencies carry risk. It is best only to invest what you can afford to lose.
Virtual currencies are highly volatile. Your capital is at risk
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