There are literally thousands of different cryptocurrencies available to buy and sell. With so many options, it can seem overwhelming to choose which to invest in. You may even feel like you’ve missed your chance to profit from investing in crypto.
But there’s good news. First of all, blockchain technology is here to stay, and it isn’t too late to jump onto the crypto bandwagon. Second, there are a few mainstays in the crypto investment space that make great choices for first-time investors.
This article will list some of the best cryptos to buy now. To discover some of the best types of crypto for new investors, keep reading.
- Bitcoin (BTC)
- Ethereum (ETH)
- XRP (XRP)
- Cardano (ADA)
- Dogecoin (DOGE)
1. Bitcoin (BTC)
When you’re looking for crypto buy and sell, it’s best to choose coins that have strong track records and reputable organizations backing them. And it doesn’t get any more stable than the grandfather of crypto itself, Bitcoin.
While not as flashy as some of the newer coins on the market, that’s just what makes Bitcoin an ideal investment for beginners. It’s the tried-and-true option, and you can rest assured that it should still be popular when you’re ready to sell crypto.
2. Ethereum (ETH)
Ethereum is similar to Bitcoin in that it’s been around for a long time and has a proven track record of dependability, both for investors and developers. It’s more than an altcoin: it’s also a blockchain platform used for smart contracts and NFTs.
3. XRP (XRP)
XRP is another tried-and-true altcoin. It was developed by some of the same founders as Ripple, a digital technology and payment processing company. XRP is used on Ripple’s network to facilitate exchanges of different currency types.
4. Cardano (ADA)
A somewhat newer token, Cardano was one of the first cryptos to embrace proof-of-stake validation. This approach shortens transaction times and decreases energy usage, making it a more environmentally-friendly coin.
Cardano is similar to Ethereum in that it can enable smart contracts and decentralized applications. Because it has a wide variety of possible applications, it’s a versatile and important currency.
5. Dogecoin (DOGE)
Last but not least, Dogecoin was famously based on a viral internet meme. Though it was started as a joke, it became unexpectedly successful, and now it’s one of the best-known and most popular altcoins.
The community that developed around Dogecoin is surprisingly active and friendly, making it a fun and welcoming place for new crypto investors to begin.
Invest in the Best Cryptos to Buy Now
With that, you now know of some of the best cryptos to buy now as a new investor. From here, all you have to do is figure out where to buy crypto in a way that works best for you and start investing. When it comes to blockchain, the sky’s the limit.
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