three cryptos to watch if you are a cryptocurrency beginner remember that cryptocurrencies are
associated with the high degree of risk so it goes without saying that you should
do your homework before investing are cryptocurrencies safe someone that made
a fortune by investing in a crypto asset at the opportune time may answer this with the resounding
yes but someone who lost money by picking an asset such as squid game crypto
might say no this good or bad debate aside crypto assets are popular and at least keeping a tab on
a few major assets may not be a bad idea but these blockchain-based tokens are not easy to understand
especially when it comes to technicalities like liquidity management through decentralized finance
protocols or staking of cryptos for validation purposes without delving deeper into the technical
bits and pieces of the cryptocurrency world let's focus on the ones that can be watched by beginners
please subscribe to the channel sage here for calkin media bitcoin it can arguably be said that
if you understand bitcoin you will know what the cryptocurrency world is all about in the past few
years bitcoin's share has been declining but this has done little to diminish its status bitcoin was
envisioned as a digital currency the record of which is maintained on a distributed ledger to
compete with or maybe even in time to completely replace fiat currencies like the dollar and pound
though only el salvador has legalized bitcoin as a form of money if the experiment brings intended
returns like savings on remittances it might become legal tender in more jurisdictions in
the coming years ethereum ethereum is a leading blockchain network that supports
the building of new applications and even the deployment of new crypto tokens as erc 20 assets
all coins are alternative to the most popular bitcoin and all cryptocurrencies except bitcoin
fall under this classification ether can serve to understand the concept of token economics
here token serves as a medium of exchange within a particular project which makes it native to
that project alone ether for example is native to ethereum and all tasks within ethereum's ecosystem
are powered by ether dogecoin dogecoin is a meme token which represents those cryptocurrencies
that may not have a well-defined utility but which may become a rage and even rise
sharply in a short time tokens like dogecoin often rise or fall on popular sentiments for
example when billionaire elon musk tweeted about working with the project's developers doges prize
underwent a rally here vigilance must be paramount since price fluctuation in either direction
could be a very high as compared to bitcoin though dogecoin is today a formidable crypto
some crypto projects may be scams which launch new tokens to be pumped and eventually dumped
in conclusion there is an abundance of blockchain based projects and any tokens long-term
sustainability is probably directly linked to the viability of the project on that note we'd like
to remind our viewers that cryptocurrencies are associated with the high degree of risk so it goes
without saying that you should do your homework before investing if you like the information
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