New cryptocurrency Moshnake (MSH), alongside Avalanche (AVAX) and Uniswap (UNI), might be a hit for crypto newcomers.
Entering the cryptocurrency market as a beginner can be challenging, particularly given its differences and unique characteristics from “traditional” financial markets.
However, several cryptocurrencies can act as good entry points for newbies, providing exposure to price movements without needing advanced crypto learning resources or knowledge.
This guide discusses cryptocurrency for beginners to buy in 2022, covering three projects that could represent promising buy opportunities for those entering the coin market for the first time.
Avalanche Stands Strong
The Avalanche (AVAX) network is a rival to the Ethereum (ETH) blockchain in the promising area of decentralized finance (DeFi) and smart contracts. The Avalanche (AVAX) blockchain claims to be the world’s fastest smart contracts platform and is powered by AVAX, the ecosystem’s native token.
So what makes it a great cryptocurrency for beginners?
Avalanche (AVAX) aims to improve blockchain technology’s interoperability, scalability, and usability. Avalanche (AVAX) also has lofty ambitions for its ecosystem, aiming to become the AWS of the cryptocurrency world.
AWS stands for Amazon Web Services, a widely popular division of Amazon.com Inc. (AMZN) that provides cloud computing services and is used by numerous Fortune 500 corporations and major financial institutions to power their websites and digital offerings.
Businesses are becoming more interested in starting their own blockchains, which Avalanche (AVAX) now makes possible with a brand-new feature called subnets.
Finally, Avalanche (AVAX) has experienced significant growth since its ICO, thanks to its growing use cases. At the time of writing, Coinmarketcap ranks it as the 15th largest cryptocurrency by market cap, with a total coin market valuation of $5.69 billion.
UniSwap Still Rules DEX Market
UniSwap (UNI) is among the most popular decentralized exchange (DEX) platforms and operates on the Ethereum (ETH) blockchain. It’s also regarded as one of the top utility tokens. So why should crypto newbies care?
UniSwap (UNI) was among the pioneers to champion the DEX movement’s meteoric rise by allowing users to swap ERC-20 tokens with some level of anonymity.
By function, UniSwap (UNI) allows users to swap, exchange, and trade ERC-20 tokens, as well as provide liquidity to their preferred pools. As an incentive, liquidity providers (LPs) are rewarded with UNI, the native asset of the Uniswap (UNI) protocol. UNIs can be swapped at a 1:1 ratio when users want to withdraw their earnings.
Furthermore, UniSwap (UNI) dominates the DEX market with daily trades totalling over $2.5 billion on its V3 platform—with even more substantial returns recorded on the Ethereum-based protocol.
At the time of writing, Coinmarketcap ranks Uniswap (UNI) as the 19th largest cryptocurrency by market cap, with a total coin market valuation of $4.7 billion.
Moshnake Could Be a Game Changer
Moshnake (MSH) is a new play-to-earn (P2E) NFT gaming ecosystem based on the classic and legendary snake game, but better! So why is it a great cryptocurrency for beginners?
The game’s objective is to provide players with the thrill and excitement of the good old days while allowing them to earn rewards and play in a decentralized environment.
A player must first obtain a Moshnake (MSH) NFT to participate in the ecosystem. Then, they can manoeuvre the virtual space to feed their NFT different types of in-game items and eggs. Players can also compete against other snakes in the battle royale arena.
Furthermore, Moshnake (MSH) will support two BEP-20 tokens, the Moshnake Token (MSH), which is the platform’s governance token, and Venom Token (VEN), which will serve as the platform’s in-game currency.
Moshnake (MSH) developers are currently hosting a presale for the MSH Token, representing a great buy for crypto beginners excited about classic arcade games.
Many cryptocurrencies are ideal for beginners, yet knowing what to look for to identify high-potential projects in a massive coin market is critical. These include use cases, strong price potential, and more.
Avalanche (AVAX) and Uniswap (UNI) have been around for a while and represent solid buy options. However, we believe that Moshnake’s (MSH) use case will make it an instant hit, even for crypto beginners.
For more information on MSH: