In the ever-growing digital market, there are many opportunities to finally achieve financial freedom and stand apart from traditional issues of the real world economy. The web3 is one of the most important technologies of the modern era, and there are plenty of great projects that could represent the beginning of independence for younger generations. However, some coins might be more complicated than others, so it’s important to understand their underlying concepts and try to stick with the ones that could serve your needs. The crypto market mainly relies on blockchain technology, one of the most powerful innovations nowadays. The popularity of the blockchain is driven by its decentralized nature, which enhances the freedom of users and addresses many issues of the real world, without involving a central authority like a bank. Also, the various networks have high security standards, to avoid putting at risk people’s sensitive information, which makes the web3 a safe place for users who are not very familiar with the potential cybersecurity implications of financial services. The digital market can help young people explore the basics of financial independence, but it’s important to opt for the blockchains and related currencies that are less risky in terms of investment, and, of course, invest wisely. So, if you are willing to introduce your young ones to the financial world and shift to the digital market, here are 4 beginner friendly crypto for youngsters with an independent.
1. Pepe
Pepe ranks as one of the most popular meme coins in the web3. The currency was designed inspired by the funny meme with a frog that was very popular on the internet, and it’s now a digital phenomenon that has been taking over the world. The coin was launched in 2023, and it’s network is continuously evolving. Pepe is built on the Ethereum’s blockchain, which provides the network with the same capabilities of the popular crypto. So, Pepe is a programmable technology that supports the development of decentralized applications to serve a broad range of users’s needs, especially by offering financial services, which are easily accessible. The coin is a safe choice for every beginner, as it’s network is very flexible and reliable, so it gives the perfect opportunities to experiment with the web3. If you are willing to unveil the power of the digital coin, check Pepe value to see what the future may hold.
2. Dogecoin
Dogecoin is the first meme coin launched in 2013 with the intention to poke at the success of Bitcoin. The coin was a light hearted joke to the crypto community, as it is inspired by the viral Shiba Inu meme. The developers of the currency didn’t expect much from dogecoin, but in a few months, the cryptocurrency has skyrocketed to a new level that has completely reshaped its path. DOGE is very popular among young generations, and there are strong communities behind known as the doge army, which aim to build a new market starting from their favorite meme coin.
Also, the coin is supported and promoted by the tech leader Elon musk, who has been embracing the power of doge since the beginning, and he holds a significant amount of dogecoin himself. Dogecoin is a great opportunity to experiment with the crypto world for every beginner thanks to its simple structure and limited utility cases, which make the crypto journey much easier for someone who wants to learn about digital finance.
3. Solana
Solana can be described as a simple version of ethereum, and more accessible in terms of investment. SOL is the native cryptocurrency of a well put together technology that provides users with enhanced scalability, low fees, programmability, speed and security. SOL was launched on 2020, so we can say that the altcoin is relatively new. However, since its inception, the currency has been growing constantly, strengthening its capabilities. Currently, Solana focuses on scalability, and it has the incredible ability to support over 65,000 transactions per second, which is one of the best performances in the digital market. The coin uses a proof-of-history mechanism, which is a new concept that innovates the the timestamping system and helps reducing network congestion. Solana is able to support the deployment of smart contracts, and therefore, it enables the creation of decentralized applications, gives access to a broad market of NFTs and various innovative projects.
4. Bitcoin
It might sound scary at first, but investing in bitcoin as a beginner can be a great choice. This is because, BTC has been the leader of the web3 for over a decade, and no other coin exceeds its reliability. It is a top choice for every individual investor, business, organization and developer. For a long time, the capabilities of Bitcoin were very limited, as the currency was just being used as a store of value.
However, as the demand increases, so did the desire of something more innovative, so now, thanks to the layer-2 solutions, Bitcoin has programmability features that expand its horizons. Now it’s possible to explore the power of the web3 with decentralized applications, access a broad market of NFTs and shift a business activity to the digital world to create a unique and strong brand that stands apart from the competition of traditional markets.
A Few Tips for Beginners
As a beginner, you tend to make a lot of mistakes in the web3. So, to avoid big errors that could cost your a lot, first of all, you have to learn the basics of the crypto market, learn about the underlying technologies of the cryptocurrency you decide to embrace and listen to what experts have to say. Also, remember that it’s crucial to manage your emotions, and avoid make irreparable damages to your wallet because of a moment of extreme excitement or fear, so don’t make emotional decisions. Last but not least, always remember the golden rule of the crypto market, and invest only what you can afford to lose.
Ben Austin is the founder and CEO of multi-award-winning digital marketing agency Absolute Digital Media. Ben loves to write and share exclusive insights into the world of digital marketing from his own eyes.
