Beginners usually don’t have much knowledge about the cryptocurrency market. They are in the market to make a quick buck instead of spending their time researching, which makes it risky to invest in cryptocurrency without any prior research.
Beginners usually do not spend their time building a solid portfolio. In this article, we will introduce some of the best-performing cryptocurrencies that will help you get started investing in crypto market.
1. Bitcoin (BTC)
Bitcoin has been, and still is the best performing cryptocurrency that will get you started investing in the crypto market. It was the first cryptocurrency that was introduced in 2009 and was the first significant implementation of blockchain technology.
Bitcoin, also known as BTC, started at the price of $0, and currently, it stands at $48k, making it one of the most profitable coins in the crypto market. Experts are saying that its price will increase up to $500k per Bitcoin one day. All of the above-given facts make Bitcoin a safe and promising investment for a beginner.
2. Ethereum (ETH)
The second-largest cryptocurrency according to market cap is Ethereum, also known as ETH. Ethereum Coin is built blockchain technology that provides a platform for the development of Smart Contracts and DApps. Other than just being a cryptocurrency, it offers more real-life applications than any other cryptocurrency.
Major reasons for the stability of Ethereum are its applications and its availability on almost all the exchanges. One of the reasons to invest in Ethereum is the prospected launch of Ethereum 2.0, where experts speculate that ETH’s price will increase up to $8k.
3. Cardano (ADA)
Cardano, also known as ADA, is a relatively new cryptocurrency but is competing against the top 5 coins. ADA is famous for its early adoption of the Proof-of-Stake (PoS) protocol. This protocol is far more energy-efficient than the traditional Proof-of-Work (PoW) protocol used by major cryptocurrencies like Bitcoin.
This solved a major environmental problem. Cardano is similar to Ethereum based on its applications and is powered by the ADA coin. The initial price of the ADA coin was $0.02, and its current price is $2.84, with much more to achieve, making it a great investment option.
4. Binance Coin (BNB)
Binance Coin is a cryptocurrency that can trade or pay fees on the biggest crypto exchange, Binance. However, since its launch, BNB has also been used for payment processing, buying tickets, booking travel arrangements, and a lot more.
One of the primary reasons for its growth is that Binance backs it. BNB’s starting price was $0.10 in 2017, and by August 2021, it has increased up to $488, making it an excellent investment to get started with crypto.
5. Chainlink (LINK)
Chainlink is a network-based cryptocurrency on blockchain technology. It provides a bridge between Smart Contracts and real-world data. They also offer their cryptocurrency called LINK that is used to pay fees on the Chainlink crypto network.
It is a great investment option because it is listed on almost all crypto exchanges. The current price of LINK stands at $25.8 and is expected to rise. So, if you are a beginner and trying to build a strong portfolio, the above are some of the best cryptos to help you get into the crypto market.
