Best Beginner Crypto to Buy 2024

Michael Graw

Last updated: March 19, 2024 08:20 EDT | 17 min read

Getting started with cryptocurrency is easier than ever thanks to the growth of crypto exchanges and other on-ramps. However, choosing what tokens to buy as a crypto beginner can still feel daunting. In this guide, we’ll highlight the best beginner crypto coins to buy in 2024 and help investors start building a beginner crypto portfolio.

The Best Beginner Cryptos to Invest in 2024

We’ve explored hundreds of crypto projects to bring new investors the top beginner cryptos to buy today:

1. Dogecoin20 – Best beginner crypto with high staking rewards, raised $2.8M+ in a week.
2. Smog – Meme coin that offers 42% staking APYs. $80 million market cap.
3. Sponge V2 – New meme coin offers P2E gaming opportunities and 187% staking APYs.
4. Bitcoin Minetrix – Stake-to-mine crypto for cloud mining BTC. Over $11.4M raised.
5. eTukTuk – Eco-friendly crypto promotes EV adoption. Get 167% staking yields.
6. Bitcoin – First-ever cryptocurrency in the world. BTC has a $1 trillion market cap.
7. Dogecoin – Original meme coin backed by Elon Musk, $12 billion market cap.
8. Ethereum – Utility token utilized for dApp transactions, #2 crypto by market cap.
9. Polygon –  A leading Layer-2 network for Ethereum. Up by 31,000% since launch.
10. Decentraland – Promising metaverse crypto, near $1M market cap.
11. Solana – A fast and low-cost blockchain. Process up to 65,000 TPS.
12. Chainlink – Bridges real-world data into blockchains, $10.8 billion market cap.

Analyzing the Best Beginner Cryptocurrency to Buy

What makes these tokens the best starter crypto coins? We’ll take a closer look at each of the best beginner crypto to invest in today.

1. Dogecoin20 – Best Beginner Crypto With high Staking Rewards

Dogecoin20 ($DOGE20) is a popular new meme platform inspired by Dogecoin. It uses Ethereum’s eco-friendly Proof-of-Stake (PoS) model to offer a more sustainable platform than Dogecoin’s proof-of-work (PoW). Since it runs on Ethereum, it offers fast and secure transactions.

After witnessing massive investor support, it has raised over $2.6 million in less than a week of launch. At the time of writing, early buyers can get the Dogecoin20 tokens for only $0.0002. However, this price will increase in the upcoming presale stages and at the time of expected exchange listings soon.

The staking mechanism is at the heart of Dogecoin20. Early buyers were offered an APY of over 300% at press time, but this rate is designed to decrease as more participants join. Such a mechanism incentivizes early buyers and helps in stabilizing the token’s value by locking the staked tokens post-presale.

Per the Dogecoin20 whitepaper, the project’s supply cap is 140 billion tokens, with 25% allocated for the presale and 15% for staking incentives.

The project’s commitment to eco-friendliness and efficiency, combined with the ongoing popularity of dog-themed cryptos, positions Dogecoin20 for huge growth in the coming months.

Interested users can enter Dogecoin20’s Telegram group and follow it on X (formerly Twitter) for more information and updates.

Visit Dogecoin20

2. Smog – Meme Coin That Offers 42% Staking Yields

Our next pick for the best beginner cryptocurrency in 2024 is $SMOG, the native token of Smog. This is a new meme cryptocurrency named after the infamous character from the ‘Lord of the Rings’ series. After debuting on the Jupiter decentralized exchange in February 2024, $SMOG has offered soaring returns. Within just two days of its launch, the token soared from a $2 million market cap to more than $100 million. At press time, the token has an $80 million market cap. With the popularity of other meme coins like Bonk, investors are looking to purchase other beginner cryptocurrencies. Smog stands out as one of the best beginner investment opportunities due to its multiple use cases.

For instance, token holders can sign-up to Smog’s airdrop campaign and win additional tokens by simply holding $SMOG, and completing daily tasks. From a 1.4 billion token supply, 490 million tokens will be given through the airdrops. Passive income seekers can stake $SMOG on the staking mechanism and generate up to 42% in APYs (Annual Percentage Yields). Over 12 million tokens have already been staked on Smog’s smart contract. Thus, beginner investors can start generating additional revenues with this meme coin. Stay updated with this new project by reading the Smog whitepaper and joining the Telegram channel.

Visit Smog

3. Sponge V2 – New Meme Coin Offers 187% APY and Utility Within an Upcoming Play-to-Earn Game

Sponge V2 is a simple cryptocurrency that you can stake to earn over 187% annual percentage yield. Moreover, you can use and earn the token within an upcoming play-to-earn game inspired by popular memes. However, the high APY won’t stay for long. If you’re looking to get on board, staking as early as possible may be the most prudent option. The only way to get your hands on Sponge V2 tokens is by staking Sponge V1 tokens. Those that don’t have the tokens can buy them on the Sponge V2 website. All you need to do is connect your MetaMask, or any other popular Ethereum wallet, and use ETH or USDT to complete the purchase. Once you have the tokens, stake them. Sponge V1 is already popular, peaking at $100 million market cap at one point in 2023. This made 100x returns to investors who bought the token on the presale. With a large community backing the project and a huge meme potential, Sponge V2 could become even more popular than Sponge V1. https://youtu.be/EdhjKiXtM24?si=cqFk51ul68IprFbj Follow Sponge V2 on X and join Sponge V2 on Telegram to stay up to date with the latest information. Also, join Sponge V2 Discord if you want to engage with the community.

4. Bitcoin Minetrix – Revolutionary Crypto Decentralizes Cloud Mining for Beginners, Price is Soaring on Presale

Bitcoin Minetrix ($BTCMTX) is our next recommended beginner cryptocurrency for 2024. This is a unique stake-to-mine crypto platform that is decentralizing the cloud mining process. Cloud mining is a space through which beginners and everyday people can access rented mining times from third-party corporations. This saves on costs such as setting up mining rigs and purchasing hardware to mint Bitcoin and other altcoins. However, the cloud mining space is often plagued with scams and dubious activities. To make the space safe and more transparent, Bitcoin Minetrix will offer cloud mining credits as ERC-20 tokens. These credits can be earned by staking $BTCMTX – the native token of the platform. As your tokens are staked on an Ethereum-powered staking contract, you will generate these credits. The credits are stored on the blockchain – and cannot be duplicated or stolen. While the credits are not tradable, they can be burned to generate Bitcoin cloud mining power. This allows users to acquire allocated mining times and earn a percentage of the Bitcoin mining revenue. Thus, Bitcoin Minetrix is making it possible for any beginner to earn passive income via staking and cloud mining.

In only a few weeks, this popular presale has raised over $11.4 million. The entire presale will allocate 2.8 billion tokens across 39 rounds. This consists of 70% of the entire token supply – giving investors ample opportunity to buy $BTCMTX before the exchange listing. For more information on this new cryptocurrency, read the Bitcoin Minetrix whitepaper and join the Telegram channel.

5. eTukTuk – Sustainable Crypto Builds EV Charging Stations for TukTuk Drivers

An eco-friendly cryptocurrency project, eTukTuk is promoting a switch to more sustainable means of transport for TukTuk drivers. Using the $TUK token, eTukTuk will offer crypto-based payment options on charging stations, and provide staking yields to token holders. eTukTuk states that most TukTuk drivers currently use ICEs (Internal Combustion Engines). These vehicles are harmful to the environment, and are slowly becoming obsolete. The platform will start constructing zero-emission vehicles and charging stations in developing countries, using the help of local territory partners. The partners will get paid revenues from the charging stations, and the TukTuk drivers will save up to 400% in costs by adopting their vehicles. Payments can be made using $TUK on an upcoming driver’s app. $TUK token holders can stake their holdings into power nodes and help operate the charging stations. eTukTuk is also releasing a play-to-earn game to offer additional earning opportunities to token holders. On the game, players will drive around using the flagship eTukTuk electric vehicle and pick up passengers. You get rewarded depending on how fast you collect and drop customers. Currently, $TUK is priced at $0.02725 on presale, which has raised more than $1.4 million. The token can be staked to earn up to 167% in annual yields. Read the eTukTuk whitepaper and join the Telegram to stay updated with this cryptocurrency.

6. Bitcoin – The Cryptocurrency Market Leader

We’d be crazy not to include Bitcoin on our list of the best starter crypto tokens. After all, it’s the token that started it all – and remains the largest cryptocurrency by market cap by a wide margin.

Traders and investors can buy Bitcoin at virtually every crypto exchange and a growing number of traditional brokerage firms. That’s important because it means that investors who just want to dip their toes into cryptocurrency can buy Bitcoin. They don’t need to understand crypto presales or wallets, and they may not even need to open a crypto exchange account. Bitcoin can be a foundational token in a beginner crypto portfolio or an alternative investment in a traditional portfolio of stocks, bonds, and ETFs. Its volatility and high volume make it suitable for beginner crypto trading. Plus, Bitcoin is widely accepted for payments, so investors can even treat Bitcoin like digital cash. This is a great way for crypto beginners to get a handle on how crypto transactions work and better understand the Web3 economy.

7. Dogecoin – Ultra-popular Meme Coin with Growing Utility

Dogecoin is one of the most popular meme coins in the cryptocurrency world. The coin has earned an extremely strong and loyal following, including celebrity backers like Elon Musk.

Dogecoin has a lot in common with Bitcoin. In fact, it’s based on the same underlying code. The main difference is that there is no cap to how many DOGE tokens can be mined, which dramatically reduces the computing power needed to process transactions on the Dogecoin blockchain. That distinction has made Dogecoin an increasingly popular choice for payments. Many online platforms, including crypto gambling sites, now accept Dogecoin alongside Bitcoin and other top altcoins. Dogecoin payments are fast, cheap, and simple. Crypto beginners should keep in mind that Dogecoin’s price can be highly volatile, even by the standards of cryptocurrency. However, many crypto analysts think the price of DOGE could rise sharply as we emerge from the crypto winter. So, it’s worth considering as a token to include in a beginner crypto portfolio.

8. Ethereum – Heavily Used Blockchain with Tons of Development Potential

Ethereum is the second-largest cryptocurrency by market cap and could be one of the best starter cryptocurrency tokens for beginners.

Any transactions that occur on the Ethereum blockchain require paying gas fees in ETH. These gas fees are then distributed to investors who stake ETH to the blockchain as rewards for their role in validating transactions. This process of staking ETH and earning rewards is important for investors. Anyone who owns Ethereum can join a staking pool and begin earning crypto interest on their tokens. In fact, many major exchanges offer programs for Ethereum staking, sometimes with interest rates above 4% APY. Over the long-run, the price of ETH could rise significantly. Ethereum is extremely popular among developers and it is home to many of the world’s biggest crypto projects. In addition, many new crypto projects are built on the Ethereum blockchain. These projects generate more gas fees and more demand for ETH, potentially pushing up the price of this already valuable token.

9. Polygon – Leading Layer-2 Network for Ethereum

Polygon is one of the most popular Layer-2 networks for Ethereum. A Layer-2 network operates on top of the Ethereum blockchain, making it faster and cheaper to process transactions. In effect, as the number of projects built on Ethereum grows, demand for Polygon is also expected to grow.

Polygon’s native crypto token is MATIC, which is used to pay the equivalent of gas fees for using the Polygon network. Like ETH, MATIC can be staked to earn rewards for investors. So, holding MATIC tokens in a portfolio is all it takes to begin earning rewards. Investors have many reasons to be bullish about the future of MATIC. Polygon recently announced a partnership with Meta (formerly Facebook) to allow Polygon-based NFTs to be sold on Instagram. That could be the first step in bringing Instagram’s 2 billion users into the Polygon network. Polygon has also cultivated partnerships with companies like Starbucks, Robinhood, and DraftKings. These partnerships could give it a significant headstart over competitors as more companies make the shift to Web3.

10. Decentraland – One of the Leading Metaverse Cryptocurrencies

Decentraland is one of the most promising metaverse cryptocurrencies right now. Decentraland is a virtual world where individuals and businesses can buy digital land, create play-to-earn games, shop, explore, and more. Decentraland has been home to enormous live concerts, poker tournaments, and numerous other events with hundreds of thousands of attendees.

Decentraland’s native token, MANA, forms the backbone of this virtual world’s economy. It’s used to pay for virtual land, buy NFTs or avatar accessories, or trade for goods or services within Decentraland. Importantly, the total supply of MANA is fixed at 2.8 billion, and a large fraction of the supply has been burned for land sales. So, as demand for MANA increases, the price of this token is also expected to go up. In other words, the more people that use Decentralanad, the more the price of MANA should rise. Interest in metaverse worlds is growing rapidly, and the advent of better VR technology could bring more people to Decentraland. MANA is one of the best beginner tokens to hold for long-term investment.

11. Solana – Ultra-fast Blockchain Creating Competition for Ethereum

Ethereum may be the most popular blockchain among developers, but it’s far from the fastest. Ethereum has long faced issues around speed and transaction cost, and alternative blockchains have been built to address those issues.

One of the leading competitors to Ethereum is Solana. This blockchain has been designed for fast and low-cost processing, making it potentially more scalable than Ethereum in a future of widespread crypto adoption. Solana’s native token, SOL, is used to pay for transactions on the Solana blockchain. SOL can be staked to the blockchain to validate transactions and generate rewards for investors. So, Solana is another beginner-friendly crypto project that offers the ability to earn passive income. The price of SOL has dropped significantly in recent weeks due to declines in transaction volume and NFT sales on the blockchain. However, bullish investors could see this as an opportunity to buy Solana at a discount.

12. Chainlink – Crypto Infrastructure with High Potential Growth

Chainlink is far from the most exciting crypto project on this list. But it’s also one of the most important.

Chainlink is what’s known as a blockchain “oracle.” It takes inputs from real-world data feeds – for example, the stock market or the score of a sports game – and provides a bridge to import that data into blockchains. Chainlink is essentially crypto infrastructure, allowing blockchains to know what’s going on in the world beyond the transactions on the chain itself. This bridge is incredibly important for smart contracts like those used by Ethereum and Solana. Chainlink can, for example, be used to capture current interest rates for automatic loan contracts. It can also be used to grab data about a sports match so that crypto sports bets can be paid out correctly. Chainlink’s native token, LINK, is required to pay for Chainlink data feeds. As long as there’s demand for real-world data in smart contracts, there will also be demand for LINK. The total supply of LINK is capped, so increases in demand for Chainlink’s services are expected to push up the price of this token.

How to Choose the Best Starter Crypto

Wondering how to choose the best beginner crypto to invest in? We’ll cover some of the main factors to consider when putting together a beginner crypto portfolio.

Undervalued Prices

When thinking about the price of an individual token, it’s important to think about the price relative to a token’s value. Crypto tokens are said to be undervalued if the price of a token should be higher based on the coin’s utility, adoption, and future growth. It’s impossible to know for sure whether a crypto token is undervalued. Investors have to think about what a cryptocurrency is “worth,” which depends on a huge variety of factors and projections. It’s a good idea to read up on the bull and bear cases for a crypto token to find out more about its strengths and weaknesses. Looking at a token’s price in the past can also be an indicator for relative value. During the current crypto winter, many tokens could now be considered undervalued assets since they are priced at a fraction of what they were worth during the last bull run – and could be worth again during the next bull run.

Long-term Potential

Thinking about the long-term potential of a crypto token goes hand-in-hand with thinking about whether a coin is undervalued. When thinking about the long-term, investors should consider the potential market for a crypto asset. That is, how many people might use that coin or blockchain in the future. It’s also important to consider how utilization of a token might impact its value. Many crypto projects have a fixed token supply. So as demand increases, the law of supply and demand suggests that prices should go up. Crypto projects that have mechanisms for increasing supply may be able to keep prices steady over time. That can be good for even greater adoption of a token, but may not be as beneficial for early investors.

Volatility

The crypto market is considered by most financial experts to have high volatility compared to the stock market. This is important for crypto beginners to keep in mind when building a portfolio. Crypto prices can move up or down sharply, and investors need to be prepared for these big swings. That said, not all crypto tokens are equally volatile. Mega-cap crypto tokens like Bitcoin and Ethereum tend to be slightly less volatile than penny cryptos or new crypto tokens. For investors, it might make sense to build a portfolio of tokens with differing degrees of volatility. For traders, high volatility can be an asset. High volatility in the best beginner crypto to trade offers more frequent trading opportunities.

Staking Rewards

Another thing to consider when choosing the best beginner crypto to buy is staking rewards. Crypto tokens that operate on proof-of-stake (PoS) blockchains typically enable token holders to stake their tokens to the blockchain and earn crypto rewards in the process. This can be a way to generate passive crypto income. There are many different ways to approach staking, from using a dedicated staking platform to going through staking pools hosted by a crypto exchange. Different tokens offer different interest rates, so it’s important to think about earnings potential when choosing what crypto tokens to include in a portfolio. Once you’ve chosen the cryptos you’d like to invest in it’s also important to find a reliable storage such as the best decentralized crypto wallets. These are not influenced by centralized governments or organizations and give users full access to their private keys at all times.

Conclusion

Our list of some of the best beginner crypto to buy today makes it easy for any first-time crypto investor to start assembling a portfolio. One of the best beginner cryptos right now is Dogecoin20 ($DOGE20). This is a new meme coin, which raised over $2.8 million within a week since its official launch. It also provides high staking yields to early buyers.

Visit Dogecoin20

FAQs

What is the best crypto to invest in right now?

We recommend Dogecoin20 as the best crypto to invest in right now. This meme coin offers a staking APY of over 290% at the time of writing and has seen massive investor traction.

Are crypto presales safe to invest in?

It depends on the presale. Many of them have conducted smart contract audits and offer 100% of their tokens to the community, as in the case of Sponge V2 and Bitcoin Minetrix. However, you will have to do individual research to understand the risk/reward profile in more depth, for each specific project.

About the Author

Michael Graw

Gambling and Finance Writer

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news sites like Business2Community, InsideBitcoins, LearnBonds, and tech-focused outlets like TechRadar. He has collaborated with fintech and crypto startups on whitepapers and investor resources, and also has expertise in sports betting and crypto gambling. Michael holds a Bachelor of Arts from Cornell University and a PhD in Oceanography from Oregon State University. He now resides in Bellingham, Washington, and writes full-time.

More articles from Michael Graw