As a new investor, building your portfolio can be tough if you don’t know your BudBlockz from your Dogecoin. So, what are the digital tokens that should feature in a beginner’s crypto wallet? Here’s all you need to know.
BudBlockz (BLUNT)
BudBlockz is the first ecosystem for facilitating asset-backed NFTs for the marijuana industry and is already changing the landscape for farms, dispensaries, and investors. This is despite the fact that it’s BLUNT digital token is new to the crypto universe. With a total supply of 420,000,000 and a low entry price (currently reduced to $0.015 for the private sale), it offers a fantastic opportunity for beginners to get involved with a fantastic opportunity that is linked to a rapidly growing industry.
The continued legalization of recreational and medicinal marijuana is sure to see BLUNT perform well, not least because the decentralized transactions overcome many of the banking issues that dispensaries and farms often face. It is certainly one to keep an eye on as it launches in the coming weeks, especially as BudBlockz is set to open dispensaries too.
Bitcoin (BTC)
Whether you’ve been following crypto from the outside for a few days or a few years, Bitcoin (BTC) is the digital asset that you know about. It is the grandfather of cryptocurrency and is now well into its second decade. While only a small portion of investors can afford to jump straight in with full BTC tokens, the fact that you can buy or sell a small percentage of a coin makes it accessible to a far wider audience.
BTC has steadied the ship at above $20k over the past few months but is still under one-third of its all-time high. So, there is plenty of scope for the digital token to enjoy a bull run. Oftentimes, positive moves for other digital tokens are tethered to BTC growth. For that reason, holding BTC is always advised.
Ethereum (ETH)
Ethereum (ETH) is the second biggest cryptocurrency, and the decentralized blockchain platform is one that establishes a peer-to-peer network for facilitating secure transactions known as smart contracts. The platform is utilized by a range of well-known tokens like Basic Attention Token (BAT (LON:BATS)) and Status (SNT). However, ETH remains the obvious choice to hold, especially for beginners.
Like Bitcoin, you will not struggle to conduct research or find expert analysis on the current performance of ETH at any given time. People who invested in the coin back in May 2020 for under $200 saw their investments grow 23x in 18 months. The importance of Ethereum’s platform to the crypto arena shows that ETH could be back to $4,600+ at some stage.
Binance (BNB)
Binance is the world’s largest crypto exchange and facilitates more trades than any other platform. It utilizes the BNB digital token as its native cryptocurrency. It was once based on Ethereum’s blockchain but Binance now operates with its own Binance smart chain. BNB is undoubtedly one of the most important and commonly traded digital tokens that has now been in circulation for over half-a-decade.
With a strict maximum of 200 million BNB tokens, BNB is one of the largest cryptos in terms of market capitalization. New inventors who use Binance as their cryptocurrency exchange will find that this BNB is one of the best tokens to hold, not least because its future is assured. It has had a turbulent 2022, like many tokens, but signals a wise investment.
Flux (FLUX)
Crypto investments shouldn’t be restricted to the tokens that everybody holds. Investing in platforms can be equally important for beginners who seek portfolio diversification in a volatile area. Flux is the new generation of scalable decentralized cloud infrastructure. Simply develop, manage, and spawn your applications on multiple servers at once. Ready for Web 3.0, Dapps, and more.
The Flux Ecosystem is a fully operational suite of decentralized computing services and blockchain-as-a-service solutions which offer an interoperable, decentralized, AWS-like development environment. Flux has its own coin of that same name that is currently at around 60% capacity of its maximum supply, making it a good time to act.
Learn more about BudBlockz (BLUNT)
All BudBlockz Links: https://linktr.ee/budblockz
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Source: Cryptocurrency - investing.com
