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Which Cryptocurrency is Best for Beginners?

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Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

The popularity of the world of cryptocurrencies has increased sharply over the past decade, proposing a new way to invest, transact, and store value. While professional traders have been navigating the volatile crypto market for years, beginners may find it challenging to select the right cryptocurrency to start with. 

The good news is that there are a few cryptocurrencies that are particularly suitable for beginners thanks to their stability, ease of use, and strong reputation. This article written by Exolix covers some of the best cryptocurrencies for beginners.

Variety of Cryptocurrencies for Beginners from Monero to Bitcoin

For beginners, the world of cryptocurrencies proposes a diverse range of options. Some of the most popular and known cryptocurrencies are Bitcoin (BTC), Monero (XMR), Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB), and others. Let’s explore these cryptocurrencies so you find the right fit for your investment and financial objectives.

Bitcoin (BTC)

When it comes to cryptocurrencies, Bitcoin is usually the first name that comes to mind. It is the pioneer of the entire crypto space. Bitcoin was created in 2009 by an individual or group utilizing the pseudonym Satoshi Nakamoto. This cryptocurrency is commonly called digital gold because, like gold, it has a finite supply, which creates a sense of scarcity and may be considered a store of value.

There are a few reasons why Bitcoin is great for beginners. First, Bitcoin has a relatively stable reputation compared to many other cryptocurrencies. Although it may still be volatile, its long-term growth potential is engaging to beginners searching for a safe entry point.

Also, Bitcoin is broadly recognized and accepted by diverse businesses and institutions, making it simpler to buy, sell, and utilize in everyday transactions. In addition, transacting with Bitcoin is straightforward, and there are a lot of useful resources and information to assist beginners in comprehending how it works.

Ethereum (ETH)

Ethereum is usually considered the second most significant cryptocurrency after Bitcoin. What sets Ethereum apart is its smart contract functionality, which enables developers to create decentralized applications (DApps) on its blockchain. Ethereum’s native cryptocurrency, Ether (ETH), is utilized to power these applications and alleviate transactions on the network. ETH is great for beginners thanks to its simplicity of exchange, for example XMR to ETH exchange, and privacy features. 

Ethereum is a suitable option for beginners for certain reasons. Ethereum’s smart contract capabilities have led to a wave of innovation in the blockchain space. This may be interesting for beginners who want to explore the potential of blockchain technology beyond simple transactions.

Also, Ethereum is one of the most liquid cryptocurrencies, making it simple to buy, sell, and trade on different exchanges. Moreover, Ethereum has a powerful and active community of developers and enthusiasts, granting a bunch of educational resources and support for beginners.

Monero (XMR)

Monero (XMR) is a privacy-focused cryptocurrency that gives priority to anonymity and safety. It utilizes advanced cryptographic techniques to conceal transaction details, making it almost impossible to trace sender, receiver, or transaction amounts. Monero’s privacy features have grabbed the attention of individuals striving for financial confidentiality, making it a popular choice for crypto enthusiasts who prioritize anonymity in the world of digital currencies.

Monero is great for beginners thanks to its simplicity of exchange, for example XMR to USDT exchange, and privacy features. Unlike other cryptocurrencies, Monero’s technology gives priority to user anonymity by concealing transaction details. This eliminates the need for complicated learning associated with the comprehension of difficult blockchain addresses and transaction histories. 

Moreover, Monero’s user-friendly wallets and simple mining process make it accessible to newcomers. Its commitment to confidentiality likewise promotes the creation of a safe environment for learning about digital currencies without fear of exposure. In general, Monero’s beginner-friendly approach, combined with reliable privacy measures, makes it an ideal choice for individuals taking their first steps into the world of cryptocurrencies.

Litecoin (LTC)

Litecoin, often called “digital silver”, was created in 2011 as a lighter version of Bitcoin. It has a lot in common with Bitcoin but proposes more rapid transaction confirmation times and lower fees.

Litecoin is also regarded as a great choice for beginners. As mentioned previously, Litecoin transactions are more rapid and cheaper compared to Bitcoin, making it an engaging option for everyday use.

Like Bitcoin, Litecoin is relatively simple to comprehend and utilize, making it a good choice for beginners. In addition, Litecoin has been in existence for a long time and has proven its resilience in the cryptocurrency market.

Binance Coin (BNB)

Binance Coin is the native cryptocurrency of the Binance exchange, one of the largest and most popular cryptocurrency exchanges in the world. BNB proposes diverse utilities within the Binance ecosystem, involving reduced trading fees, participation in token sales, and more.

Binance Coin is great for beginners as well for several reasons. BNB can be utilized to reduce trading fees on the Binance exchange, which can be especially beneficial for beginners who plan to actively trade cryptocurrencies.

Also, Binance is known for its safety measures and user-friendly interface, making it a suitable exchange for beginners. Finally, Binance keeps on expanding its ecosystem, proposing more opportunities for BNB usage and adoption.

Final Thoughts: Investing from XMR to BTC

Selecting the best cryptocurrency for beginners depends on your objectives, preferences, and risk tolerance. Although the above-mentioned cryptocurrencies are usually regarded as good options for newcomers, it is of decisive importance to carry out your research and consider your individual circumstances before making any investments.

Keep in mind that the cryptocurrency market is highly volatile, and prices may fluctuate significantly in a short period. It is recommended to start with a small investment, educate yourself about blockchain technology, and think about asking for advice from financial experts before diving into the world of cryptocurrencies. With the right approach and attentive consideration, beginners can achieve success in the exciting and constantly developing cryptocurrency space.

Disclaimer

This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Why These Altcoins Are Trending Today — January 22

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With Donald Trump assuming office as the US President, the crypto market has experienced heightened volatility. While some altcoins have surged, others have faced significant crashes, and many are gaining attention due to recent developments. 

BeInCrypto has analyzed three altcoins that have been trending over the past 24 hours and explored what might lie ahead for them in the coming days.

United States Donald Trump (TRUMP)

TRUMP has captured significant attention this week as the official cryptocurrency token of US President Donald Trump. Since its launch, the token has gained immense traction and is now ranked 24th among the top 100 cryptocurrencies, marking a swift rise in prominence within the market.

The token recently hit an all-time high (ATH) of $79 and is currently trading at $41. If TRUMP can secure $45 as a support level, it may resume its upward momentum and make another attempt at its ATH, signaling strong bullish sentiment among investors.

TRUMP Price Analysis
TRUMP Price Analysis. Source: TradingView

However, profit-taking could pressure the token, preventing it from surpassing $45. A drop below this critical level could lead to a decline under $34, potentially invalidating the bullish outlook. In a worst-case scenario, TRUMP might fall to $26, reflecting a significant shift in market sentiment.

World (WLD)

World (WLD) captured investor attention following the announcement of Sam Altman’s OpenAI collaboration with Oracle and SoftBank. Together, they plan to invest $500 billion in US AI infrastructure under the Stargate Project, supported by President Trump. This strategic move has bolstered confidence in WLD, positioning it as a trending altcoin.

WLD’s price surged by 12% in the past 24 hours, driven by the positive sentiment surrounding this partnership. This rally could enable the altcoin to reclaim its 4-month-old uptrend line as support. If achieved, WLD might target $2.55 in the coming days, reinforcing its bullish momentum.

WLD Price Analysis
WLD Price Analysis. Source: TradingView

However, if WLD fails to breach the $2.17 resistance, it risks losing traction and falling back to $2.00 or lower. A further decline to $1.74 could completely invalidate the bullish outlook, signaling a potential shift in market sentiment against the cryptocurrency.

Bonk (BONK)

BONK has surged into the spotlight following the inauguration of the US Department of Government Efficiency (D.O.G.E.), which spurred renewed interest in dog-themed meme coins. This development has elevated BONK’s status in the crypto market, drawing significant attention from both retail and institutional investors seeking speculative opportunities.

The token recorded an 8% increase, trading at $0.00003236 and eyeing $0.00003151 as a critical support level. Securing this floor would strengthen the meme coin’s recovery prospects, potentially attracting more bullish momentum. 

 BONK Price Analysis.
BONK Price Analysis. Source: TradingView

However, failure to hold the $0.00003151 support could lead to a decline toward $0.00002748. This drop would only invalidate the bullish outlook and also signal a broader loss of confidence in the token’s recovery potential.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Ethereum Price Can Reach $3,500 On The Back Of These Factors

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Ethereum, the second-largest cryptocurrency, recently failed to breach $3,524, triggering a sharp price drop. Since then, recovery efforts have remained weak as volatility persists. 

However, the current conditions suggest Ethereum may be preparing for a comeback as the market stabilizes.

Ethereum Has Room For Recovery

Ethereum’s Network Value to Transaction (NVT) Ratio is experiencing a decline, recently hitting a monthly low. A low NVT indicates that transaction activity is balanced with network value, reflecting reduced volatility. This creates an environment conducive to price recovery, something Ethereum urgently needs to regain its footing.

With the NVT ratio signaling healthy network activity, Ethereum is positioned to stabilize in the short term. Declining volatility often fosters investor confidence, making it more likely for the cryptocurrency to see renewed buying interest. As speculative activity wanes, Ethereum has an opportunity to chart a path toward meaningful recovery.

Ethereum NVT Ratio
Ethereum NVT Ratio. Source: Glassnode

Ethereum’s realized profits recently dropped to a six-week low, pointing to a significant reduction in selling pressure from investors. This trend highlights the market’s shifting sentiment, with fewer participants looking to offload their holdings. Such conditions could provide Ethereum with the breathing room required to capitalize on broader bullish cues.

The lack of an uptick in realized profits suggests that the selling lull may persist, allowing Ethereum to focus on building upward momentum. With investors holding onto their coins, market conditions are primed for a gradual recovery, provided external factors remain favorable.

Ethereum Realized Profits
Ethereum Realized Profits. Source: Glassnode

ETH Price Prediction: Breaking The Barrier

Ethereum is currently trading near $3,300, just below the critical resistance level of $3,327. Flipping this into support is essential for ETH to initiate a rally toward $3,524, representing a 6% increase from current levels. This move would mark a partial recovery from recent losses.

Breaking through the $3,524 resistance is crucial for Ethereum’s recovery. Achieving this would erase the recent downturn and also position the altcoin for further gains, potentially targeting $3,711. Such a move would underscore Ethereum’s resilience and align with the broader market’s bullish sentiment.

Ethereum Price Analysis
Ethereum Price Analysis. Source: TradingView

However, failing to establish $3,327 as a support level could stall Ethereum’s recovery. This scenario would leave the cryptocurrency vulnerable to a retracement toward $3,200, undermining recent progress and potentially delaying its path to $3,500.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Justin Sun, Vitalik Buterin Speak Amid Ethereum Reform Debate

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TRON founder Justin Sun has offered a hypothetical plan for Ethereum and the Ethereum Foundation (EF) under his leadership. His remarks come amid controversy over EF’s leadership transformation.

In a series of posts on X (formerly Twitter), Ethereum co-founder Vitalik Buterin outlined the reforms’ goals and progress. He highlighted improvements in technical expertise, ecosystem engagement, and operational efficiency.

Justin Sun Outlines Blueprint for Ethereum Leadership

The TRON executive shared ambitious remarks on how he would lead the Ethereum Foundation if given the opportunity. Sun’s vision, shared on X, outlined a four-point plan to radically restructure EF operations, optimize Ethereum’s economic model, and drive the price of ETH to $10,000.

“If EF and Ethereum were under my leadership, ETH would hit $10,000,” Sun claimed.

Sun proposed an immediate halt to ETH sales for three years to stabilize supply and boost market confidence. He suggested covering EF’s operational costs through DeFi protocols like Aave, staking yields, and stablecoin borrowing, aligning with Ethereum’s deflationary goals.

A key component of his plan involves imposing significant taxes on Layer 2 (L2) solutions, aiming to generate $5 billion annually. The collected taxes would go toward exclusively repurchasing and burning ETH, further enhancing its scarcity and value.

Sun also called for a drastic downsizing of EF staff, retaining only top performers and offering them significant salary increases. This merit-based approach, he argued, would streamline operations and improve efficiency.

Finally, Sun emphasized adjusting node rewards and increasing fee burns to reinforce Ethereum’s deflationary narrative. He proposed redirecting all resources toward Ethereum’s core L1 development, focusing on scalability, security, and adoption. Justin Sun’s plan sparked a mixed response, with some applauding the bold vision.

“These are all very practical suggestions. Please pay attention to them and refer to them, Vitalik Buterin,” core developer 0xSea.eth posed.

Meanwhile, others challenged Sun to focus on TRON and explore bringing decentralized finance (DeFi) to its ecosystem.

“Maybe start with how to make DeFi great on TRON – you should ask your exec team (and yourself), “Why is DeFi nonexistent on TRON despite it being the chain with the most stable coins on it?” If you answer this, maybe TRON can beat eth one day,” ZIGChain co-founder Abdul Rafay Gadit remarked.

Vitalik Buterin Defends Leadership Amid Criticism

Sun’s proposed solution aligns with Vitalik Buterin’s recent post discussing ongoing changes over the past year, some of which have already been implemented. Buterin emphasized goals such as strengthening the EF’s technical leadership and improving collaboration with ecosystem participants. He also addressed concerns, rejecting the notion that the EF might adopt centralized or politically motivated roles.

“…these things aren’t what EF does and this isn’t going to change. People seeking a different vision are welcome to start their orgs,” Buterin articulated.

Aya Miyaguchi, an EF executive, confirmed the ongoing efforts, expressing excitement about forthcoming announcements. She noted that the reforms aim to solidify Ethereum’s position as a global neutral platform while embracing decentralized and privacy-preserving technologies.

The announcement has stirred controversy within the crypto community. Critics argue that the current leadership has failed to manage Ethereum effectively.

“Respectfully, just let new blood take over. You guys can’t even make a simple Twitter account work—how can you be trusted to lead the second biggest blockchain,” Wazz posed.

Another user, Coinmamba, suggested that pressuring Miyaguchi to resign could result in Ethereum reaching new all-time high. Buterin strongly condemned these comments, defending Miyaguchi and calling out the toxicity of such social media rhetoric.

“No. This is not how this game works,” Buterin retorted. “The person deciding the new EF leadership team is me. If you ‘keep the pressure on,’ then you are creating an environment that is actively toxic to top talent. YOU ARE MAKING MY JOB HARDER,” the Ethereum co-founder lamented.

Buterin also refuted specific claims against Miyaguchi, pointing out inaccuracies in translations and misinterpretations of her statements. He reiterated the need for a “proper board” within EF to enhance governance.

ETH price Performance
ETH Price Performance. Source: BeInCrypto

Ethereum’s ETH token was trading at $3,305 as of this writing, representing a modest 0.2% surge since Wednesday’s session opened.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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