London, UK, Binary News Network Cryptocurrency is going wild! Bitcoin is over 47,832.60 USD! Ethereum is at $3,808.72! This thing is going crazy, and YOU need to be a part of it before you miss out. It’s so easy for anyone to get started investing in cryptocurrency… however, choosing the right coin can be a little bit trickier. Aurora-Coins broker, David Sorkin, reveals Safe and Profitable Cryptocurrency for Beginners 2022!
A cryptocurrency provides the best starting ground for new investors looking to make money by trading cryptocurrencies. So, Aurora-Coins’ broker, David Sorkin, has developed the safest cryptocurrency to invest in for beginners. The list goes as follows:
Ripple (XRP) is one of the best cryptocurrencies to invest in. If you want to invest in cryptocurrency, Ripple (XRP) is a good option. Many people are starting to buy Ripple because more businesses are starting to accept it as a currency.
If this trend keeps up, there’s no reason XRP won’t hit a hundred dollars sometime shortly.
Ripple was created in 2012 by Ryan Fugger. It is a payment network, and the currency used on that network is called XRP. Ripple aims to enable “secure, instant and almost free global financial transactions of any size with no chargebacks.”
The Ripple protocol allows for various types of financial transactions, including the transfer of money, stocks, frequent flyer miles, and commodities.
Ripple has partnered with several large banks and financial institutions, including American Express, Banco Santander, Standard Chartered Bank, and Westpac. In the future, Ripple’s value is expected to increase significantly due to its involvement with these large financial institutions.
Ripple has been in the news recently, reflecting its growth potential.
NEM (XEM) is one of the most promising cryptocurrencies out there. This cryptocurrency has seen a lot of growth recently, so it’s prime time to consider investing in it now before the price goes up even further.
This coin aims to provide a platform for financial transactions like Ripple’s but with more protocols that help protect the coin’s stability.
NEM launched in 2015, promising to provide a better blockchain than bitcoin. It quickly became one of the top 10 cryptocurrencies by market capitalization and was released with developer tools built in from the ground up. NEM is currently on CoinMarketCap’s top 100 list at number 15.
NEM was launched on March 31, 2015, by a Singapore-based company called Nem Ventures. It was created to provide a better blockchain than bitcoin, with more protocols that help protect the coin’s stability. NEM quickly became one of the top 10 cryptocurrencies by market capitalization.
NEM is currently on CoinMarketCap’s top 100 list. Its distinguishing features include an Eigentrust++ reputation system, multilingual support, and an API that makes it easy to develop applications on top of the NEM blockchain.
Cardano (ADA) is a relatively new cryptocurrency launched in 2017 by Charles Hoskinson and Jeremy Wood. ADA is the coin used on the Cardano network to send transactions, which aims to bridge the gap between privacy and regulation.
This coin provides great potential for growth as it’s still very new. If you are looking for a coin that will provide huge returns on your investment, it’s worth looking at Cardano.
After a small dip at the beginning of 2018, ADA has been going up and is currently sitting pretty on CoinMarketCap’s top 7 list at number 7.
Cardano was launched in 2017 by Hoskinson and Wood. This digital coin is the cryptocurrency that powers the Cardano network, which aims to bridge the gap between privacy and regulation.
This coin provides great potential for growth as it’s still very new. It also features a unique block structure that separates accounting of value from all other smart contracts and computational operations conducted via a separate Ouroboros-powered layer that sits on top of the Cardano Computation Layer.
Cardano has quickly become one of the lowest market cap cryptocurrencies out there, which means it has more room for growth than other coins.
Stellar Lumens (XLM)
Stellar Lumens (XLM) is an open-source protocol for value exchange developed by Jed McCaleb and Joyce Kim.
The Stellar Foundation drafted the protocol, and it was officially launched in 2014.
This coin provides a great way to transfer money worldwide, especially if you want to make quick transactions. This cryptocurrency has one of the shortest waiting times when transferring money, less than 5 seconds.
Stellar Lumens is currently sitting pretty on CoinMarketCap’s top 10 list at number 6. It has a market cap of over USD 5 billion, and its price per token is around 40 cents.
The Stellar Foundation drafted the protocol in 2014 before officially launching it in 2015. With no pre-mine or ICO, Stellar is a decentralized network owned by the people who use it.
Stellar aims to eliminate all the issues typically associated with fiat currencies and provide an effective way to send money around the world. It provides quick transactions with extremely low fees, making it one of the cheapest cryptocurrencies out there.
This cryptocurrency has one of the shortest waiting times when transferring money, less than 5 seconds. Stellar Lumens also features a built-in decentralized exchange that allows people to trade currencies from different blockchains.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.