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Crypto Made Easy: Understanding the Basics for New Investors (Including Prime Coins for Beginners)

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The post Crypto Made Easy: Understanding the Basics for New Investors (Including Prime Coins for Beginners)  bitcoin appeared first on Coinpedia Fintech News
In the beginning, getting into crypto was super difficult. However, thankfully, things have changed now, and for the better. Namely, it’s much easier for people to start investing in and trading crypto, especially thanks to platforms that make the whole process easier.
To invest in crypto, you need to find a reliable crypto platform to use and create an account. Some platforms charge subscription fees, while others charge fees on transactions. Of course, you can also trade directly on crypto exchanges like Binance or Coinbase with no additional fees. You’ll also need a crypto wallet, which acts as a storage space for your crypto assets. Once you set all those things up, you’ll be ready to buy crypto by either linking your wallet with your bank account or depositing funds in it. Also, if you use a crypto platform, you can deposit funds in your account directly and buy coins.
When the money is ready, you need to decide which strategies you’ll use and which coins you’ll invest in. There are many successful strategies you can implement to invest in and trade cryptocurrencies, with the most popular being buying and holding, dollar cost averaging (DCA), copy trading, day trading, and more. 
Now, to decide which cryptocurrencies you’ll invest in, you’ll need to do research and see which tokens are most recommended by crypto experts. We can help with the last part. Namely, below, you’ll find the three cryptocurrencies that experts deem prime coins to invest in 2024. So, let’s take a look at Solana (SOL), Algotech (ALGT), and Arbitrum (ARB).
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SubscribeJoin us in showcasing the cryptocurrency revolution, one newsletter at a time. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (that’s right, millions love us!) — what are you waiting for?Solana (SOL) Continues Its Great Performance 
2023 marked a great year for Solana (SOL), and the great performance continues into 2024 smoothly. Now, Solana (SOL) set a new industry standard as it stripped Ethereum of the “Best weekly stablecoin by transfer volume” title. 
Namely, Solana (SOL) surged by 612% in trading volume, which has inspired even more confidence in Solana (SOL) holders and other crypto enthusiasts. However, transfer volume is not the only metric where Solana (SOL) is shining.
Solana (SOL) surpassed Ethereum yet again in daily and weekly decentralized exchange (DEX) trading volumes, which clearly shows how prevalent Solana (SOL) is in the decentralized finance (DeFi) sector. Also, Solana (SOL) is the leader in perpetual futures trading volume, another factor that has contributed to the price increases that Solana (SOL) has been seeing.
Solana (SOL) was trading at $108.02, which marks a 73.85% increase in the last 30 days. However, there was a small drop in Solana’s price.
If Solana (SOL) keeps improving and outperforming its competitors, experts say that the token has the potential to trade at $200 by the end of 2024 and even as high as $672 by the end of 2030, which makes Solana (SOL) an excellent long-term investment.
Algotech (ALGT) Leads the Market With 450% Returns
Algotech (ALGT) is a new player on the market that has the potential to change the way we trade daily. Namely, Algotech (ALGT) is an advanced algorithmic trading platform that lets you trade cryptocurrencies using algorithms and precise strategies. It works on a robust technical infrastructure and uses AI and advanced machine learning to analyze the market and make well-informed investment decisions.
With Algotech (ALGT), traders can now eliminate all the issues that arise from manual trading, such as emotional bias, clouded judgment, rash decisions, peer pressure, slow execution speeds, inconsistent performance, burnout, and insufficient analytical capacity. Not only is Algotech (ALGT) able to execute trades at lightning-fast speeds, but it can also analyze vast amounts of data to find sound and lucrative investment opportunities. 
As an Algotech (ALGT) user, you’ll have access to a few algorithmic strategies that you can use to handle your cryptocurrency portfolio, including trend following, breakout trading, arbitrage, mean reversion, bull market, bear market, and sideways market strategies. Once you choose your strategy and start realizing profits, you’ll create a passive income stream for yourself that is truly passive, as you won’t have to do anything to keep the portfolio running. You’ll achieve this because Algotech (ALGT) pays out dividends to all its users, which are a set percentage of the 30% performance fee that Algotech takes. 
All Algotech (ALGT) algorithmic strategies are created upon extensive data analysis and quantitative research, so you can rest assured that they’re well-structured and effective. Also, Algotech (ALGT) leverages real-time market information and historical data to make smart trades, which is super important for all crypto traders.
And since Algotech (ALGT) relies on robust algorithms to provide you with the best investment opportunities, it also offers increased trading efficiency, better consistency, data-driven decision-making, and much more.
ALGT (Algotech’s token) will be available for $0.04 during Stage 1 of the presale and will gradually go up in price until the launch. It will launch at $0.15, which will mark a 275% return for Algotech adopters from Stage 1. However, the token is set to bring even more returns once it hits exchanges, according to experts, which is why many deem it the best coin to invest in today.
Arbitrum (ARB) Predicted to Reach the $2 Mark Soon
Arbitrum (ARB) has had an excellent week so far, rising by 34.54% in just seven days, much to the delight of Arbitrum (ARB) holders. As Arbitrum (ARB) continues to tackle significant issues like transaction speed and cost, crypto experts say that the token has exceptional room for growth in the weeks to come. 
Namely, the reason why experts see Arbitrum (ARB) continuing its price increase is that Arbitrum (ARB) managed to break through its retest price level of $0.98 easily and has since risen smoothly and without major struggles. Now, experts say that Arbitrum (ARB) is on the right path for growth, which will further be supported by the increased demand and popularity it has been experiencing.
At the moment of writing, Arbitrum (ARB) is trading at $1.70, which marks a 59.41% increase in the past 30 days. Some analysts say that it will reach $2 soon, while others claim that Arbitrum (ARB) will go beyond that and reach all-time highs in 2024. Thus, right now is a good time to be an Arbitrum (ARB) holder, according to crypto experts. 
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