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Introduction
Crypto assets are known for their complexity and volatility, making it tough for crypto beginners to get into investing or trading. But, this shouldn't stop you from exploring the world of crypto. The value of blockchain tech is increasing, and starting early can give you an edge over others.
For individuals who are new to this space, it is advisable to start with more stable and well-known digital assets. These assets are typically recognized by their large market capitalizations, high trading volumes, and more. These factors generally suggest a more secure starting point for investing in crypto assets.
The crypto market has now introduced easy-to-use applications and services, platforms such as KoinBX, which are perfect for not only advanced traders but for beginners to trade and grow their portfolios.
For those eager to dive into the crypto market, whether it's short-term gains or long-term investments, this article outlines the top 9 cryptos for beginners to consider investing in 2024. These cryptos have demonstrated strong market growth, innovation, and applications, establishing themselves as viable investment choices.
Top 9 Cryptos for Beginners to Invest in 2024
#1 Bitcoin (BTC)
- Symbol: BTC
- Market Cap Rank: #1
- Market Cap: $1,153,048,130,810
Launched in 2009 by the mysterious Satoshi Nakamoto, Bitcoin is the first and most well-known crypto asset, often called "digital gold." As a decentralized digital asset, Bitcoin allows transactions without intermediaries like banks, making it a popular choice for global trading. Its limited supply and secure blockchain technology make Bitcoin a strong option for long-term investment. Bitcoin remains a top choice due to its widespread adoption and status as a hedge against inflation. Its widespread adoption, robust security, and strong market presence make it a reliable option for beginners. It’s also considered a hedge against inflation and economic uncertainty.
Start trading Bitcoin (BTC) in INR pair.
#2 Ethereum (ETH)
- Symbol: ETH
- Market Cap Rank: #2
- Market Cap: $311,214,211,338
Launched in 2015 by Vitalik Buterin, Ethereum (ETH) is the second-largest crypto asset and a leading platform for decentralized applications (dApps) and smart contracts. Known for its significant role in the DeFi ecosystem, Ethereum underpins a large portion of the total value locked (TVL) in various blockchain networks. Its popularity extends to NFT minting and Web3 development. Ethereum's continuous upgrades, including the transition to Ethereum 2.0 and Decun upgrade, enhance its growth potential, making it a compelling choice for those interested in blockchain's broader applications.
Start trading Ethereum (ETH) on KoinBX
#3 Solana (SOL)
- Symbol: SOL
- Market Cap Rank: #5
- Market Cap: $66,417,193,558
Launched in 2020 by Anatoly Yakovenko, Solana (SOL) is a high-speed Layer-1 blockchain platform designed for scalable decentralized applications. Known for its impressive transaction speed and low fees, Solana combines Proof-of-Stake (PoS) with Proof-of-History (PoH) to enhance performance and scalability. This innovative approach allows Solana to handle thousands of transactions per second, making it a favorite among developers and users. With its growing presence in DeFi and NFTs, Solana offers significant potential for investment.
Start trading SOL on KoinBX
#4 Cardano (ADA)
- Symbol: ADA
- Market Cap Rank: #11
- Market Cap: $11,886,411,825
Cardano, launched in 2017, is a third-generation blockchain platform known for its emphasis on research-driven development and sustainability. Founded by Charles Hoskinson, one of Ethereum’s co-founders, Cardano aims to offer a more secure and scalable blockchain solution. With a focus on peer-reviewed research and gradual improvements, ADA, Cardano's digital asset, stands out for its potential in identity management and product traceability. This makes ADA a solid choice for those seeking a robust investment with staking benefits. Explore the benefits of Cardano’s innovative technology and staking opportunities by trading ADA on KoinBX.
#5 Polkadot (DOT)
- Symbol: DOT
- Market Cap Rank: #15
- Market Cap: $6,614,083,652
Polkadot, launched in May 2020 by Ethereum co-founder Gavin Wood, is designed to enhance blockchain interoperability. Unlike traditional Layer 1 blockchains, Polkadot operates as a Layer 0 solution, enabling different blockchains to communicate and share information seamlessly. Overseen by the Web3 Foundation and developed by Parity Technologies, Polkadot aims to bridge various blockchain networks, making it a crucial player in the evolving ecosystem. With its innovative approach to scalability and connectivity, Polkadot presents a compelling investment opportunity. Leverage Polkadot's unique features and trade DOT on KoinBX.
#6 Dogecoin (DOGE)
- Symbol: DOGE
- Market Cap Rank: #9
- Market Cap: $14,601,771,743
Originally launched in December 2013 as a playful nod to the popular “doge” meme, Dogecoin (DOGE) was created by Billy Markus and Jackson Palmer. This open-source digital asset, featuring a Shiba Inu logo, was designed to be a lighthearted alternative to Bitcoin, appealing to a broader audience. Despite its humble beginnings as a joke, Dogecoin has gained substantial traction, fueled by a vibrant community and high-profile endorsements, including tweets from Tesla CEO Elon Musk. Its popularity is not just for its meme status; Dogecoin is actively used for tipping and charitable causes, making it an interesting option for beginners.
Trade DOGE on KoinBX!
#7 Shiba Inu (SHIB)
- Symbol: SHIB
- Market Cap Rank: #13
- Market Cap: $7,875,438,652
Launched in August 2020 by its mysterious founder Ryoshi, Shiba Inu is a playful nod to the same adorable dog breed featured on Dogecoin, but it aims to outshine its predecessor. Unlike Dogecoin, Shiba Inu is built on the Ethereum blockchain, which allows it to leverage smart contracts and interact with Decentralized Applications (DApps). This added functionality gives Shiba Inu a leg up, making it more versatile than Dogecoin. While Dogecoin is known for its meme culture and community support, Shiba Inu is positioning itself as a serious competitor, often dubbed the “Dogecoin killer” for its innovative approach.
Trade SHIB on KoinBX.
#8 Pepe (PEPE)
- Symbol: PEPE
- Market Cap Rank: #25
- Market Cap: $3,106,671,613
PEPE is a deflationary meme coin that launched on the Ethereum blockchain, inspired by the iconic Pepe the Frog meme created by Matt Furie in the early 2000s. Following in the footsteps of other meme coins like Shiba Inu and Dogecoin, PEPE aims to carve out its niche in the meme coin world. What makes PEPE stand out is its commitment to simplicity—there’s no tax policy, and it openly admits its lack of practical utility. By embracing the pure, fun essence of being a meme coin, PEPE taps into the lasting cultural impact of Pepe the Frog. This unique angle not only differentiates it from other crypto assets but also enhances its appeal within the crypto community. If you’re into meme culture and crypto, PEPE offers a quirky and interesting investment option.
Trade PEPE on KoinBX.
#9 Bonk (BONK)
- Symbol: BONK
- Market Cap Rank: #54
- Market Cap: $1,220,144,929
BONK, Solana’s community-driven dog-themed crypto, is all about inclusivity and decentralization. Created for and by the Solana community, a large portion of its supply was airdropped to users, emphasizing its commitment to spreading wealth. BONK’s main goal is to boost liquidity across Solana’s decentralized exchanges (DEXs). By focusing on community engagement, it supports various dApps on the Solana platform, ensuring that everyone has a fair chance to participate and benefit.
Trade BONK on KoinBX
Final Remarks
Investing in cryptos can be an exciting journey, but it’s essential to approach it with knowledge and caution. The cryptos listed above represent a range of options suitable for beginners, each with its unique characteristics and potential. Remember to do your research, understand the market, and only invest what you can afford to lose.
Whether you’re interested in the stability of Bitcoin or the innovation of Ethereum, or perhaps the fun of meme coins like Dogecoin and Shiba Inu, there’s a crypto asset for every type of investor. Use KoinBX to trade and manage your crypto investments efficiently, and stay updated on the latest trends and developments in the crypto world.
Download KoinBX Android App | Download KoinBX iOS App
Disclaimer: Any financial and crypto market information shared should not be considered investment advice. It is for informational purposes only. Conduct your own research before making investment decisions. Crypto trading is unregulated and highly risky. There may be no regulatory recourse for any loss of such transactions.
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