IF you're a beginner crypto investor and want to know what to invest in for maximum profit i'll be going over crypto picks that everyone should have in their portfolio make sure to read until the end to get my full analysis on each of these coins i'll go over important stats news and why i expect them to grow let's get started so the first crypto we were talking about today is ethereum ethereum is a decentralized blockchain that operates on smart contracts and it was founded by vitalik buterin back in 2013. so i'm here on coin market cap this is where i do a lot of my research and look at a lot of these stats for these crypto coins but you can see right now ethereum is trading at two thousand five hundred seventy nine dollars and four cents in the last month we hit a low of about twenty thre we hit a high of 3 185 the market cap at the current valuation is about 309 billion dollars in the last 24 hours we have trading volume of about 7.54 billion dollars which is down four percent and our current circulating supply is about 119 million each so if you take a look at the one month price chart we can see that each started a about three thousand dollars one month ago it dipped pretty heavily at the end of february bounced back up to about three thousand and right now it's down to the current price of just over twenty five hundred dollars if we zoom out to the one-year chart however we can see that one year ago we were trading under two thousand dollars a coin it popped all the way up to over four thousand dollars um back in may of 2021 drop back down to under 2 000 again and we saw a tremendous rally starting in july of 2021 all the way up to about uh 4 700 and yeah since then it has leveled off quite a bit its market dominance is and it has a market rank of number two if we take a look at the rating section we can see that the symmetry score is a b plus and the token insight rating i eight right now sixty-five percent of people that hold ethereum are making money at the current price and 29 o people are losing money the concentration by large holders is 42 which is a little bit uh high 58 have held for over one year 36 have held between 1 to 12 months and 6 have held for under one month so ethereum is one of the most important and revolutionary projects in the crypto space the crypt project is specifically innovativ because it was the first major platform to enable smart contract functionality and the development of decentralized applications now this is especially valuable as it gives rise to smalle blockchain developers who can do big things recently the ethereum layer 2 developers starkware raised at least 100 million dollars and tripled their evaluation within four months and as of right now there is a lot to be excited about for the blockchain the locking of over 10 million ether on ethereum's 2.0 staking contract was recently announced ahead of a planned upgrade to a proof of stake blockchain currently ethereum is functioning on a proof of work blockchain which is more expensive in terms of energy use as well as less efficient now with ethereum's upcomingethereum 2.0 upgrade the project intends to increase energy efficiency while also being more advanced with its technology and features i really do think that ethereum is the perfect cryptocurrency for beginners because it truly is one of the first cryptos that paved the way to so many other projects including nfts we're already witnessing a global adoption of digital currencies for example president biden's crypto plans were recently revealed and they promised greater coordination between us agencies to ensure a comprehensive approach to digital asset policy as cryptos are more widely accepted it only makes sense for ethereum a pioneering feat of blockchain technology to be one of the greatest beneficiaries of this adoption so yeah really recommend you guys if you are a beginner in crypto definitely check out ethereum so the best way to buy and sell bitcoin with absolutely zero fees is with strike now i always get sad when i see people send and receive bitcoin on other platforms because the fees are huge strike is the platform where you can buy withdraw and send bitcoin with no fees you can start with as little as 50 cents and yeah the platform also allows you to send or receive money with friends just like venmo you can set up recurring purchases hourly daily weekly or monthly meaning your investments are dollar cost averaging automatically and you can withdraw your bitcoin at any time all with no fees if you want to get paid in bitcoin from your job they actually allow you to convert any portion of your paycheck to bitcoin all within that i think i'm actually going to start doing that now like i mentioned earlier strike has partnered up with me to give you guys ten dollars instantly when you download strike and set up your account so the second crypto we were talking about today is bitcoin the king of all crypto and yeah bitcoin ia decentralized digital currency that is considered to be the origina cryptocurrency created in 2009 by the identity satoshi nakamoto so although bitcoin isn't exactly the original cryptocurrency with a few attempts at creating cyber currencies back in the 80s there's no doubt that bitcoin was the first major cryptocurrency that is single-handedly responsible for transforming the entire blockchain space bitcoin's success is unprecedented with its value reaching a record high of nearly seventy thousand dollars by the beginning of 2021 around 12 years since its inception in 2009 and very rarely do we ever see an asset reach such astronomically high values in such a short amount of time and we can really attribute this growth to the currency's significance in the world at the time bitcoin's original white paper promised a decentralized system of currencies which was really appealing for so many people who became disenchanted with the banking systems so taking a look at bitcoin on coin market cap we can see that the current price is about thirty eight thousand nine hundred forty nine dollars in the last month we've seen a low of thirty four thousand four hundred fifty nine dollars and a high of 45 000 the market cap based on the current price is about 739 billion dollars with a 24 hour trading volume of 14.7 billion dollars which is actually down 11.69 and right now we have a current circulating supply of almost 19 million bitcoin which is about 90 of the total supply of 21 million bitcoin so if you look at the price movement in the last year we can see that one year ago we were trading about 55 000 uh per bitcoin we saw a pretty big crash back in may of 2021 down to about 30 to 35 000 per bitcoin then we saw a huge rally starting in july followed by a small correction and then another really big rally all the way to almost 70 000 a coin that was back in november of 2021 but since then we have seen a pretty big uh reduction in the price of bitcoin all the way down to its current price right now the market dominance of bitcoin is 42.47 percent and of course it's the king of all cryptos so it's ranked number one in market rank so taking a look at the ratings we can see that symmetry rates it as an a minus and token inside gives it a double a 59 of holders are currently making money at the current price and 34 percent of people holding bitcoin are uh actually losing money right now the concentration by large holders is 10 we can see that 57 percent of people have held bitcoin for over one year 35 have held between 112 months and eight percent have held for under one month now more specifically bitcoin's network is regulated by many many computers meaning it's decentralized and this basically ensures that transactions are executed properly and securely through a blockchain this was the first ever conception and usage of the blockchain and because of this reason bitcoin's influence and importance is undeniable and that really is a reason for bitcoin's extremely high market cap so many people have invested their money into this cryptocurrency and believe in it long term i myself include and while bitcoin isn't advancing technologically nearly as quickly as its contemporaries or any of the newer projects that haverisen in the crypto scene there's never doubt that when kryptos boom bitcoin also booms and i'm sure many of you guys would agree with me that bitcoin's performance represents the performance of the entire crypto space so if you are a beginner i would really encourage you to hold bitcoin as it is the staple crypto coin that probably has the most backing in the world it's really going to be interesting to see the price movements in the next 5-10 years as i think the potential for further big increases is there so yeah bitcoin definitely want to keep on your list. six percent of people that are holding cardinal are making money at the current price and ninety percent of people have actually lost money at the current valuation its concentration by large holders is ten percent and only ten percent have held cardona for over a year seven six percent have held between one to twelve months and fourteen percent have held under one month so cardano was one of the first cryptos to implement the proof of stake protocol which like i've said before allows crypto owners to validate transactions based on the number of coins being staked by the owner the ultimate goal of implementing proof of stake over proof of work is to reduce energy consumption which can have greater implications for market performance and environmental sustainability which would make cardinal a more appealing alternative to blockchain execution compared to traditional proof-of-stake blockchains obviously is not cardano but is a proof-of-stake network like cardan consumes significantly less energy than proof-of-work platforms like bitcoin and ethereum and actually cardona was founded by charles hoskinson who was one of the co-founders of ethereum hoskinson wanted to create a crypto network that was better than the ethereum and cardano became the brainchild of his pursuits more specific beyond launching decentralized apps cardano is focused on streamlining data collection through the platform's atala prism solution the proof of stake network also wants to be applicable to preventing the sale of counterfeit goods by monitoring manufacturing processes of companies some wonderfully bullish things to consider about cardano are its speed and scalability it boasts a potential transaction throughput of 250 transactions per second which obviously pales in comparison to solana's speeds but cardano still proves itself to be a faster alternative to ethereum which is still the measuring bar in the crypto world and when considering scalability of the network cardano is developing ways to increase the speed and capability of its own network for example they are preparing to introduce hydra which is basically a next-gen solution to cardona's current protocols that may allow the network to execute one million transactions per second it seems like the platform is alread looking towards the future and given its brilliant head start against some of the market's biggest cryptos cardona should be a no-brainer investment to consider for beginners anyways that's my list of top beginner crypto to buy in 2022.and with all investing especially crypto i want to make sure that you guys do your own due diligence before investing any of your money just because a crypto is on this list does not mean just go out there and buy it make sure to do at least one hour of research per crypto project and yeah i'm not a financial advisor so don't take this as financial advice again and yeah happy investing hope you guys got some value i make a ton of content about personal finance investing and entrepreneurship. thanks
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