The 5 Best Cryptocurrencies To Buy For Beginners

Entering the world of DeFi cryptocurrencies and DeFi tokens can be an overwhelming experience for beginners. With numerous projects and altcoins to choose from, it can be challenging to identify which ones hold potential. This article lists five of the best projects that will supercharge any investor’s portfolio.

DigiToads (TOADS)

DigiToads (TOADS) stands out as an excellent option for newcomers, offering a high-growth utility memecoin with a unique blend of features, including deflationary tokenomics, a P2E game, NFTs, NFT staking, memecoin potential, platinum toads, and a charity/environmental aspect.

The DigiToads presale has impressively raised over $1.2 Million so far, demonstrating strong interest in the project. The presale offers substantial growth potential and is easily accessible, as major coins are accepted as payment. The DigiToads team is doxxed, and there is no vesting period, ensuring transparency and convenience for investors.

DigiToads aims to become one of the biggest memecoins alongside Dogecoin, Shiba Inu, and Dogelon Mars, as well as one of the most prominent P2E tokens, like The Sandbox, Axie Infinity, Decentraland, and GALA. Holders of TOADS tokens can potentially earn residual income through NFT staking, P2E gaming, and the prize pool that regularly pays out top performers.

The P2E game in the DigiToads ecosystem allows players to collect, nurture, and battle unique DigiToads. Users can acquire these distinctive digital companions by buying, trading, or winning them. Players can strengthen their DigiToads by using TOADS tokens to purchase food, potions, and training equipment, which aids in their growth and the development of new abilities. At the end of each month-long DigiToads season, the top 25% of players on the leaderboard receive TOADS tokens as rewards, providing a way for players to earn real money while enjoying the game.

DigiToads is committed to supporting the environment, pledging 2.5% of profits to charities focused on tree replanting and rainforest preservation. The project also emphasizes community rewards, with 10% of funds raised being airdropped to TOADS token holders.

The NFT staking platform is funded by 2% of every TOADS transaction added to the staking pool. NFT holders who stake their assets can earn rewards at regular intervals, with longer staking durations leading to increased earnings.

DigiToads also hosts monthly trading competitions, with Platinum Toads as prizes. These Platinum Toads grant owners remote access to 1/12 of the TOADS treasury to be traded, incentivizing the best community traders to manage the treasury and increase its size.

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Ethereum (ETH)

Ethereum (ETH) is a decentralized blockchain platform that allows developers to build and deploy decentralized applications, also known as DApps. It was founded in 2015 by Vitalik Buterin and Gavin Wood, and it has since grown to become the second most popular cryptocurrency after Bitcoin. Ethereum’s market capitalization represents approximately 20% of the total cryptocurrency market capitalization.

Ethereum operates on a blockchain-based platform with smart contract functionality. Ether (ETH) is the native cryptocurrency of the platform and is used to pay for transaction fees and computational resources used on the network. Like Bitcoin, ether is a peer-to-peer currency but differs in its underlying technology and purpose.

Ether is the fuel that powers the Ethereum network and enables the execution of smart contracts. Developers also use it to pay for computational resources when creating DApps on the platform. Ethereum’s market capitalization has grown steadily over the years, and it is now considered one of the most valuable cryptocurrencies in the world.

Ethereum’s blockchain platform with smart contract functionality and its native cryptocurrency, ether, has become a popular choice for developers and investors in the blockchain space. Ethereum’s growth potential lies in its ability to enable the development of innovative decentralized applications and the continuous evolution of its blockchain technology. 

GMX (GMX)

GMX is a decentralized spot and perpetual contract trading platform that enables users to perform seamless cryptocurrency swaps from the comfort of their personal wallets. The platform first went live on Arbitrum in September 2021 before launching on Avalanche at the beginning of 2022. The exchange offers spot and perpetual contracts trading and supports low swap fees and zero price impact trades, allowing users to leverage up to 30x on their trades.

GMX uses a multi-asset liquidity pool and boasts low swap fees and zero price impact trades. The platform is designed to be user-friendly and allows users to trade popular cryptocurrencies such as Bitcoin and Ethereum directly from their crypto wallets.

GMX’s decentralized perpetual exchange offers an aggregate of high-quality price feeds that determine when liquidations occur.

In summary, GMX is a popular decentralized spot and perpetual contract trading platform specializing in perpetual futures trading. The platform offers users leverage of up to 30 times their deposited collateral and allows for seamless cryptocurrency swaps from the comfort of personal wallets. GMX uses a multi-asset liquidity pool and boasts low swap fees and zero price impact trades. With a growing user base and a focus on user-friendliness, GMX has quickly gained traction in the decentralized exchange space.

PancakeSwap (CAKE)

PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC), enabling users to swap BEP-20 standard tokens easily. It implements an automated market maker (AMM) model that provides liquidity on peer-to-peer trades within the protocol, matching buy and sell orders from different platform users directly in a liquidity pool.

PancakeSwap has become one of the most popular DeFi protocols in the industry, incorporating many features that allow users to win and earn cryptocurrency. The platform has eight different products, including yield farming, Syrup Pools to stake CAKE, Lottery V2 version, Predictions market, NFT Marketplace, NFT Profile System, IFO (Initial Farm Offerings), and perpetual trading.

One of the unique features of PancakeSwap is its yield farming program, which enables users to earn rewards in CAKE tokens by staking their cryptocurrency in liquidity pools. CAKE holders can earn millions of USD worth of free tokens each week from major projects. New projects frequently join the party so users can earn more for even longer.

In conclusion, PancakeSwap is a popular decentralized exchange built on the Binance Smart Chain that enables users to swap BEP-20 standard tokens easily. It offers a range of features, including yield farming, liquidity pools, and an AMM model that provides liquidity on peer-to-peer trades. The platform is significantly faster and cheaper than Ethereum, making it a popular choice for DeFi enthusiasts. The platform’s native token, CAKE, serves as the governance token and offers users discounts on trading fees and participation in yield farming.

Uniswap (UNI)

Uniswap is a popular decentralized exchange (DEX) protocol that operates on the Ethereum blockchain. It was launched in 2018 and uses a suite of smart contracts to create an automated market maker that facilitates peer-to-peer market making and swapping of ERC-20 tokens.

Uniswap does not require an order book or a centralized intermediary, meaning trades can be executed directly between peers. The platform achieves this with a liquidity pool model that enables prospective traders to provide liquidity in the form of cryptocurrency tokens, which can then be used to facilitate trades. In exchange for providing liquidity, traders earn a percentage of the trading fees paid by users who use the pool.

Uniswap is Ethereum’s most popular decentralized exchange and is known for its ability to facilitate automated trading of DeFi tokens. In addition to trading cryptocurrencies, users can stake their holdings in liquidity pools and vote on governance decisions. The exchange uses the UNI token for its governance model, which enables community ownership and active stewardship of the protocol. UNI holders govern the protocol through an on-chain governance process.

Uniswap is classified as a DeFi product because it uses smart contracts to facilitate trades. It is an open-source project that is available for anyone to use. As an automated market maker, Uniswap is able to maintain liquidity in the market by adjusting prices based on supply and demand. This allows for quick and easy trades without the need for a centralized exchange.

In conclusion, Uniswap is a decentralized exchange protocol that enables peer-to-peer cryptocurrency trades without the need for a centralized intermediary. The platform achieves this through a liquidity pool model that uses automated smart contracts to facilitate trades. Uniswap is Ethereum’s most popular DEX and is known for its ability to facilitate automated trading of DeFi tokens. The UNI token enables community ownership and active stewardship of the protocol through an on-chain governance process.

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In summary, DigiToads stands out above the rest and is an excellent crypto option for beginners, offering a unique set of features and opportunities to earn rewards. With its deflationary tokenomics, P2E game, NFTs, NFT staking, memecoin potential, platinum toads, and charity/environmental aspects, DigiToads stands out as a promising investment to those seeking to add their existing portfolio looking for growth or those that are new to the crypto world and want to invest in an exciting new project from the beginning. 

For More Information on DigiToads visit the website, join the presale or join the community for regular updates.