In this article, we will discuss the 7 cryptos to help beat the bear market. While the crypto bear market can be boring, it is a good time to look at old and new beginner cryptocurrency opportunities. Bitcoin can store value, Ethereum's smart contract functionality, or innovative tokens such as InQuBeta's QUBE and NFTs are all exciting examples. This article will explore various options for entering the cryptocurrency space, the tokens to watch, and how to strategically find the best crypto to invest in and understand which crypto to buy today for long-term growth.
To get into cryptocurrency for beginners, start by educating yourself on the basics of blockchain technology and researching various coins like Bitcoin, Ethereum, Solana, and Polygon. Then, choose a reputable cryptocurrency exchange such as Coinbase to create an account, which is an essential step in how to get into cryptocurrency. For cryptocurrency trading for beginners, it is crucial to invest prudently, diversify your portfolio with different coins, and constantly monitor market trends. Remember to practice secure storage for your assets and be prepared for market volatility.
Diversify your portfolio with these seven cryptocurrencies: InQubeta (QUBE), DigiToads (TOADS), Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and Polygon (MATIC) to hedge against bear market downturns and seek potential profits.
What makes InQubeta exceptionally alluring as one of the altcoins is its ability to fractionalize investment opportunities. AI startups can mint their investment opportunities into NFTs, which can be fractionalized, making them some of the top crypto coins and allowing investors to invest according to their budget. This lowers barriers to entry and provides an opportunity to be part of the following significant AI innovation, even with modest investment capital.
Furthermore, InQubeta is slated to launch its custom-built NFT marketplace, further facilitating AI startups in raising funds by offering a reward and equity-based NFTs. QUBE token holders can seamlessly invest in projects of their preference, establishing a symbiotic ecosystem for investors and startups. QUBE serves not just as a medium of investment but also as a governance token. It is deflationary, meaning its value is expected to rise as tokens are gradually burnt over time. An exciting feature of QUBE is the 'burn tax', whereby 2% of all token sales and 1% of purchases will be permanently removed from circulation and burnt, creating a scarcity effect.
For those seeking a more passive income, QUBE has covered you with its staking rewards pool. Long-term QUBE holders who stake their tokens will be rewarded from buy/sell taxes. Additionally, tokens are vested over 12 weeks to foster a sustainable market for investors.
In addition, DigiToads is not just a static collection; it is an evolving ecosystem. Through a decentralized autonomous organization (DAO), DigiToad owners can participate in governance and shape the project's trajectory. This sense of ownership and contribution further solidifies the community's involvement and dedication to the DigiToads world. On top of that, this project has also built their own metaverse called The Swamp. This is where you can let your DigiToads play and use the TOADS token to buy potions, food or training equipment.
In a nutshell, DigiToads effortlessly combines artistry, community involvement, and exclusivity through its diverse toad characters, community-driven development, and real-world perks for holders.
Bitcoin (BTC), the original and most prominent cryptocurrency, remains an attractive investment option for seasoned and novice investors. Bitcoin for beginners is one of the easiest ways to get started within the cryptocurrency world. As the pioneer in cryptocurrency, Bitcoin holds a unique position and has consistently proven to be the best crypto to invest in due to its upward trend in value since 2009. Its decentralized nature, secured through blockchain technology, ensures that any government or financial institution does not control it. This makes it a go-to asset for individuals seeking an alternative to traditional fiat currencies. Additionally, Bitcoin has proven to be a reliable store of value, often called digital gold, especially during economic uncertainty. With a capped supply of 21 million coins, Bitcoin's scarcity is another appealing factor, as it protects against inflation. The widespread adoption and integration of Bitcoin into mainstream financial systems and payment gateways have further solidified its dominance and utility. For investors looking to diversify their portfolios, gain exposure to an alternative asset class, and potentially achieve substantial returns, Bitcoin stands out as an exceptional choice in the dynamic cryptocurrency market.
Ethereum (ETH) is one of the top 10 altcoins and even a top 5 cryptocurrency. Unlike Bitcoin, which is primarily a digital currency and store of value, Ethereum serves as a decentralized computing network built on blockchain technology and is a leading DeFi crypto. Launched in 2015 by Vitalik Buterin and Gavin Wood, Ethereum has grown exponentially and represents a significant portion of the global cryptocurrency market.
What sets Ethereum apart is its versatility and functionality. Ether, the native token of Ethereum, can be used for financial transactions similar to Bitcoin. However, the Ethereum network allows developers to create decentralized applications (dApps) on its blockchain. This innovative feature enables the secure and transparent handling of complex transactions, including the execution of smart contracts, which automatically enforce themselves once certain conditions are met. Moreover, Ethereum's blockchain is faster than Bitcoin's, with a new block validated every 12 seconds as opposed to Bitcoin's 10 minutes.
Binance Coin (BNB), the native cryptocurrency of the Binance exchange, presents itself as a utility token with multifaceted applications, making it a shield in bearish times for investors. Initially launched in July 2017 through an initial coin offering, BNB was primarily used for availing trading fee discounts on the Binance platform. However, with Binance's evolution into an extensive ecosystem, BNB's applications have diversified substantially.
One of the distinct aspects of Binance Coin is its token-burning mechanism. Every quarter, Binance uses a portion of its profits to buy back and permanently destroy BNB tokens, a practice known as burning. This reduces the BNB supply, which could affect its value positively. In market downturns, utility tokens like BNB are top crypto to buy as they tend to retain value better than purely speculative assets due to their intrinsic usefulness in various ecosystems. This renders BNB a viable option for investors seeking a protective hedge during bearish market conditions.
Solana (SOL) has emerged as an investment-worthy cryptocurrency that continues to perform resiliently despite the turbulent waves of the bear market. Solana stands out because of its ultra-high-speed transaction processing capabilities, achieved without compromising decentralization through a combination of innovative technologies, including the "proof of history" consensus mechanism. With the ability to process approximately 50,000 transactions per second, Solana trounces Ethereum's current throughput and is vying to compete with centralized payment processors like Visa.
The meteoric surge in the price of SOL, the native cryptocurrency of Solana, was partly fuelled by the launch of a primate-themed NFT collection called Degenerate Ape Academy, which drew mainstream attention. Furthermore, Solana's low transaction fees and lack of congestion make it an attractive platform for developers and users alike, especially for DeFi projects and NFTs. Its native token, SOL, is used for transaction fees and staking, granting holders voting rights in governance proposals.
Given its technological innovations, scalability, and growing ecosystem of applications, Solana's SOL appears as an alluring crypto asset with the potential to stay buoyant even in bearish market conditions.
Polygon (MATIC) is a robust choice for cryptocurrency investors, as it provides a much-needed stability anchor amidst the tumultuous tides of the bear market. Polygon is a multi-chain scaling solution that improves Ethereum's scalability and interoperability. It efficiently addresses network congestion issues by processing transactions on an Ethereum-compatible blockchain before returning them to the main Ethereum chain. This framework allows for significantly faster transactions. With its native token, MATIC, Polygon offers various scaling solutions, including Plasma chains, PoS blockchain bridges, zk-rollups, and optimistic rollups, catering to diverse security, speed, and cost needs.
Not merely an alternative, Polygon seeks to bolster Ethereum's capabilities and foster mass adoption. By enhancing Ethereum's performance without competing against it, Polygon (MATIC) appears as an astute investment for those looking for a stable, synergistic, and future-proof asset in the crypto sphere during the bear market.
In summary, the crypto space offers many possibilities for investors looking to diversify their portfolios. From understanding blockchain technology to researching and investing in diverse coins like Bitcoin, Ethereum, InQuBeta, or engaging in the NFT space with DigiToads, there is something for every investor. Investing wisely, diversifying, and staying informed is essential to navigate volatile cryptocurrency markets successfully. Remember to prioritize security and make calculated decisions based on research and market trends.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.