Cryptocurrencies have been some of the best-performing assets to invest in lately, For example, while the S&P 500 index has risen by about 90% in the past five years, Bitcoin has surged by over 3,400% in the same period. Others coins have performed even better. This article will discuss the best cryptocurrency for beginners and explain why.

1. Bitcoin (BTC )

Bitcoin is the best-known cryptocurrency globally. It was the first cryptocurrency to be created. The total market cap of Bitcoin has risen to more than $800 trillion. Because of its extensive information, it is the best cryptocurrency for beginners.

BTC is the most important driver of other digital coins. They rise with Bitcoin’s rise and vice versa. Bitcoin can also be purchased through most brokers and online exchanges. It has also had a lot of success over the years as its price has risen from less than $1 to a peak of almost $70,000.

Learn how you can buy Bitcoin using our in-depth guide . Or, invest with our recommended platform.

2. Ethereum (ETH )

Ethereum is a giant in the blockchain industry. It is a second-generation platform with smart contract features. These tools allow people to create other decentralized apps (dApps). Today, 80% of all blockchain projects have been built using Ethereum’s platform.

For example, DeFi’s popular platforms such as AAVE, Curve and Maker were all built with Ethereum. Similar to the non-fungible token industry (NFT), Ethereum was used for popular platforms such as OpenSea or AxieInfinity. It was also used in the metaverse to create Decentraland.

This has occurred at a time that Ethereum is being challenged by Terra, Avalanche and Solana. It is possible that Ethereum’s demand will continue to rise as it moves towards a proof-of stake network.

Learn how you can buy Ethereum using our in-depth guide . Or, invest with our recommended platform.

3. Terra (LUNA)

Terra can be another cryptocurrency that beginners should invest in. It was built using the Cosmos SDK. Terra has been used by developers to create some of the most popular DeFi apps, including Astroport, Lido and Anchor Protocol.

At the same time, Terra has been used to build some of the top stablecoins in the world like Terra USD, which has a market value of $16 billion. Terra was used in South Korea to create Chai, a major money transfer company. Terra is expected to continue growing over the next few years.

Learn how Terra can be bought with our in-depth guide . Or, invest with our recommended platform.

4. Cosmos (ATOM)

Cosmos plays an important role within the blockchain industry. Its primary goal is to promote cryptocurrency communication by using the Inter-Blockchain Communication protocol (IBC). It addresses the problem of cryptocurrencies not communicating with each other.

Cosmos has also an SDK, which has been used to create popular blockchain projects such as Terra, ThorChain and Osmosis. It also holds a large stake in Gravity DEX which is expected to become an independent company soon. Cosmos is expected to continue growing over the next decades. It is a great cryptocurrency to invest in for beginners.

5. Chainlink (LINK )

Chainlink is a unique cryptocurrency that is good for both beginners and experienced traders. It is a blockchain project within the smart oracle sector. Its purpose is to enable developers to link off-chain data with on-chain platforms to make the blockchain more efficient.

This is why its work is so vital as most developers will continue to use it. Chainlink is also a leader in the verifiable randomly generated (VRF) market. VRF promotes security for blockchain platforms. Chainlink, a cryptocurrency that is great for beginners, plays an important part in the industry.

6. Dogecoin (DOGE )

Dogecoin, another cryptocurrency that beginners should consider, is Dogecoin. It’s a cryptocurrency that allows people to send money. Although DOGE started out as a joke it has now become an integral part of the industry.

Its popularity is due to Elon Musk, who is the richest person in the world and has promoted it. Dogecoin is used by many people to pay for transactions and tips at hotels.

Dogecoin, a cryptocurrency that is affordable and has a long growth runway, is a great choice for beginners. One DOGE is worth $0. 144, meaning that with just $100, one can buy 694 coins.

7. Cardano (ADA)

Cardano, a well-known cryptocurrency, is widely considered a viable alternative to Ethereum. It’s a proof of-stake platform and aims to be the default location for developers to create decentralized apps. Although Cardano was created in 2016,, smart contract features were only available in 2021..

In the last few months, there has been an increase in the number of developers who use the network. This trend is likely to continue. It is a great choice for beginners.

8. Cronos (CRO)

Cronos, a relatively new project in blockchain, aims to be a favourite among developers. The mainnet beta was launched in November 2021, and activity has increased steadily over the past few months. DeFi Llama estimates that the network’s total value is more than $4 billion. This is quite a large figure, considering it is the largest platform in its field. Cronos’ strong growth makes it a great investment.

9. Filecoin (FIL )

Filecoin is a web3 platform that is seeking to disrupt the file storage industry. It uses decentralization to make it easier for individuals and businesses to increase their storage. It relies on people all over the globe to provide free storage. The FIL token is then awarded to them, now worth more than $4 billion. Because Filecoin solves real-world problems, it’s a great cryptocurrency for beginners.

10. Anchor Protocol (ANC )

Anchor Protocol, a top DeFi platform that uses Terra’s technology, is one of the most popular. It allows people to deposit collateral and then get loans. It allows people to make money by providing liquidity. In a few months, Anchor has over $18 billion in assets and the figure is growing. ANC is mainly used for governance, and it is likely to continue growing.