Understanding cryptocurrencies and their trading mechanisms can be complex. The deluge of information available on the internet coupled with the huge number of crypto tokens being traded in the market can be hard to grasp if seen at once. The good news is you don't need to have any technical knowledge to trade these digital assets. There are many resources freely available that are perfect for understanding cryptocurrency trading for beginners. If you scan the market, DigiToads is among the new crypto projects that have a user-friendly interface and are working on making blockchain adoption seamless and secure. Built on the Ethereum network, DigiToads is ideal for those who are looking to take baby steps in the world of cryptocurrencies but don't want to miss out on an opportunity to earn passive income. Apart from DigiToads, the following list features six more cryptocurrencies that can be ideal options for rookies. These top 7 picks could provide a portfolio that could result in potentially King sized gains in the long term.
For many cryptocurrency analysts, DigiToads is among this year's best new icos. They are not wrong either. Sample this: the platform is still in its presale stage and within just three stages has collected over $2 million in presale funds. With the fourth stage in full swing and six more presale stages still left, things are only getting started for DigiToads. The key USP of this crypto project is its hybrid model that leverages the strength of three different cryptocurrencies – a meme coin, a play-to-earn game, and a stake-to-earn portal. The combined utility of the three crypto models gives DigiToads an edge over other cryptocurrencies. As far as the users go, they get the freedom of choosing between multiple opportunities for earning passive income. You can stake assets or trade tokens or play Web 3.0 games. If you are not sure, you can start by simply entering the giveaways that the platform organizes from time to time. In other words, your lack of experience won't stop you from earning crypto gains.
The backbone of the DigiToads ecosystem is its native token TOADS which is the medium of exchange on the network. If you are interested, you can purchase it on presale. There is no vesting period and users can get access to their tokens as soon as the presale period ends. The TOADS presale has managed to attract many buyers and could provide potentially huge gains once it gets listed on multiple exchanges.
If you consider DigiToads' staking mechanism, it can be quite a rewarding opportunity. The platform's staking mechanism ensures that one can seamlessly stake NFTs in a secure manner. The returns on staking will depend on the period for which the asset was locked. To ensure that the returns are regularly distributed, the DogiToads team maintains a staking pool. The staking pool has been created by utilizing 2% of the annual profits raised by the crypto project.
One of the main reasons why DigiToads is featured in the best cryptocurrency ico list is its Web 3.0 games where players compete in a virtual swamp against their competition. They are helped by DigiToads, who are virtual beings with special abilities. Using TOADS tokens, players can buy items like food, potions, and training equipment for these DigiToads and make them stronger assets. The players drawing the highest scores at the season's end will be the winners and get TOADS tokens as a prize.
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Bitcoin was among the earliest cryptocurrencies in the world launched more than a decade back but it still has a commanding presence in the global crypto industry. The top altcoin leverages an open-source and peer-to-peer technology that powers its scalable and versatile native token BTC. Bitcoin also serves as a digital payment platform. Be it an individual, a business, or a developer, BTC has a use case that interests everyone. For instance, if you are an individual, you can send digital payments quickly at low fees. Businesses can leverage BTC for not fast international payments and do so without having to pay any extra charges. With Bitcoin, businesses can also avoid any chargeback frauds that are common with credit cards. For developers too, Bitcoin has a lot in store. Bitcoin is largely credited with the launch of the cryptocurrency and blockchain revolution that has led to many innovative projects with great utilities.
Ethereum is a versatile blockchain network that powers cryptocurrencies, digital assets, virtual machines, and private and public blockchains. Its native token is ETH. Ethereum's flagship technology also supports Ether, one of the world's leading cryptocurrencies. In 2022, the platform grabbed international headlines after it announced its decision to switch from the proof-of-work consensus mechanism to the proof-of-stake consensus mechanism. The software upgrade, which was dubbed 'The Merge', took the platform months to wrap but also helped it cut down on its gas fee and energy consumption by a massive margin. Given the versatility of Ethereum-based dApps, the network has launched extensive guides, resources, tutorials, and documentation on its website to help budding developers pick up new skills. From brushing up on core concepts to learning about the full stack of tools to even experimenting and setting up a local environment, there is something for everyone.
The Binance Coin or BNB is an exchange-based coin rolled out by the cryptocurrency exchange platform Binance. The top altcoin has multichain capabilities and is one of the most-traded crypto tokens in the world. If you set out to count its benefits you will be quite surprised. The BNB token's key USP is its cost-effectiveness. By opting for this token, users don't have to pay a high trading fee. If you are using the Binance exchange, then you will be eligible for a 25% discount on trading fees. Likewise, if you have a certain non-tradable amount of other crypto tokens in your Binance account, you can convert it into BNB coins. The Binance exchange offers certain perks and offers to users who maintain their account balance in BNB and have crossed certain thresholds of the accumulated trading volume. Lastly, Binance conducts its Initial Exchange Offerings using lottery applications that take into account the BNB tokens owned by a participant.
Sui is a Layer 1 blockchain that provides developers with state-of-art tools to deploy scalable dApps and other decentralized assets on the network in a cost-effective manner. Its native token is SUI. What makes it one of the best cryptocurrency to buy is its cost-effectiveness, all thanks to horizontal scaling which keeps the fee low even when the demand surges. Irrespective of the decentralized asset you are building, Sui is faster than most alternatives. With parallel processing, it paves the way for regular transactions like the transfer of assets to be finalized in real-time without compromising security. Plus, its object-centric model for data integration allows you to store your assets on the blockchain. It further simplifies smart contracts deployment by leveraging a safe and expressive programming language like Move.
Considered one of the best altcoins to watch out for, Open Campus is a digital platform that has been rolled out to address challenges in education by leveraging the potential of blockchain technology. Open Campus establishes a decentralized collaborative platform where educators, learners, and publishers can draw from each other's skills with Web 3.0. Users can develop educational content that addresses the diverse needs of learners. By converting educational content into NFTs, the creators can gain digital ownership rights to it. They can then go on to the market and promote it to earn revenue. To facilitate all these transactional purposes, the Open Campus team has rolled out a native cryptocurrency called the EDU token, which is powered by the BEP-20 protocol of the BNB Chain. Apart from being used as a medium of exchange and for minting NFTs on the network, the EDU token is also used for voting for community proposals.
Cardanum has been developed as an open-source platform for offering a wide range of decentralized finance services like token swapping, NFT marketplaces, and a staking mechanism. With Cardanum, users can swap their crypto tokens with ease from across the globe. With the platform's flagship NFT marketplace, users can store all their ERC1155 and ERC721 protocol NFTs and game assets in a single location. Cardanum also offers its users a Web 3.0 wallet 'CARDA' that they can use to hold their digital assets. Next, one can earn rewards by staking their tokens on the Cardanum network. Another advantage that you can get by staking tokens on Cardanum is voting rights. The native token of the platform is CARDA which is used for all kinds of transactional uses on the Cardanum network.
The above-mentioned cryptocurrencies will end your struggle of finding answers to questions like what cryptos to buy now. They might be new as compared to other popular options, but that's where the differences end. They are just as impactful and rewarding as any of the leading altcoins. If you track what analysts have been saying about these seven altcoins, you will notice that a lot of them have been rooting for DigiToads and have given it glowing reviews. What has impressed analysts most is DigiToads' community-based approach where users are duly rewarded for their efforts. At the same time, community members are encouraged to voice their concerns through voting rights and or managing the treasury fund. Plus, with multiple options available they can safely go on to build a long-term stream of residual income. Over the coming months, analysts feel that the TOADS token has ample potential to cross 50x returns.
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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.