Published on 8 Apr 2024 on Insider Monkey via Yahoo Finance
11 Best Crypto To Invest In For Beginners According To Reddit
In this article, we will discuss 11 best crypto to invest in for beginners according to Reddit. If you want to see more crypto options for beginners, check out 5 Best Crypto To Invest In For Beginners According To Reddit.
Cryptocurrencies became a multibillion-dollar industry in 2017 when the average price of Bitcoin rose from a few cents in 2009 to $15,000. Crypto has seen massive volatility over the past few years. Bitcoin was the first cryptocurrency that shifted the focus towards secure and anonymous digital transactions without the involvement of financial institutions.
According to the US International Trade Commission, it has been reported that an estimated 13.7% of the US population owned cryptocurrency in 2022 and there are over 420 million global cryptocurrency users as of April last year. Cryptocurrency transactions are conducted freely across borders due to its anonymous global user base and decentralized framework. Therefore, major financial firms and payment providers such as PayPal Holdings, Inc. (NASDAQ:PYPL) and Mastercard Incorporated (NYSE:MA) have facilitated purchases with Bitcoin and other cryptocurrencies, with PayPal Holdings, Inc. (NASDAQ:PYPL) having facilitated $604 million in cryptocurrency for its clients in 2022.